Charles Colvard Correlations

CTHR Stock

USD 1.28 0.14 9.86%

The current 90-days correlation between Charles Colvard and Lanvin Group Holdings is -0.16 (i.e., Good diversification). The correlation of Charles Colvard is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Charles Colvard Correlation With Market

Significant diversification

The correlation between Charles Colvard and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charles Colvard and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles Colvard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Charles Stock, please use our How to Invest in Charles Colvard guide.

Moving against Charles Stock

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0.49	HAS	Hasbro Inc	Pair Corr
0.49	VRA	Vera Bradley	Pair Corr
0.47	UHG	United Homes Group	Pair Corr
0.44	DOGZ	Dogness International Earnings Call Today	Pair Corr
0.4	BC	Brunswick	Pair Corr
0.4	CCS	Century Communities	Pair Corr
0.4	DFH	Dream Finders Homes Earnings Call Today	Pair Corr
0.35	MPX	Marine Products	Pair Corr
0.34	DHI	DR Horton	Pair Corr
0.32	MHO	MI Homes	Pair Corr
0.32	TPH	TRI Pointe Homes	Pair Corr
0.71	SPGC	Sacks Parente Golf,	Pair Corr
0.42	BQ	Boqii Holding Limited	Pair Corr
0.41	SDHC	Smith Douglas Homes	Pair Corr
0.34	TMHC	Taylor Morn Home Buyout Trend	Pair Corr
0.33	LGIH	LGI Homes	Pair Corr
0.32	FL	Foot Locker Earnings Call This Week	Pair Corr
0.31	F	Ford Motor Earnings Call Today	Pair Corr

Related Correlations Analysis

	LANV	MYTE	MOV	BGI	SIG	ELA	HESAF	FOSL	TPR	CPRI
LANV		0.17	0.06	0.04	-0.42	0.64	0.36	0.32	0.23	0.28	LANV
MYTE	0.17		-0.09	-0.78	-0.85	-0.23	0.91	-0.11	0.92	0.25	MYTE
MOV	0.06	-0.09		-0.09	0.22	0.32	-0.03	0.58	0.01	-0.05	MOV
BGI	0.04	-0.78	-0.09		0.62	0.21	-0.66	-0.02	-0.79	0.07	BGI
SIG	-0.42	-0.85	0.22	0.62		0.02	-0.93	-0.06	-0.87	-0.37	SIG
ELA	0.64	-0.23	0.32	0.21	0.02		-0.06	0.58	-0.18	0.13	ELA
HESAF	0.36	0.91	-0.03	-0.66	-0.93	-0.06		0.11	0.93	0.41	HESAF
FOSL	0.32	-0.11	0.58	-0.02	-0.06	0.58	0.11		0.04	0.2	FOSL
TPR	0.23	0.92	0.01	-0.79	-0.87	-0.18	0.93	0.04		0.26	TPR
CPRI	0.28	0.25	-0.05	0.07	-0.37	0.13	0.41	0.2	0.26		CPRI
	LANV	MYTE	MOV	BGI	SIG	ELA	HESAF	FOSL	TPR	CPRI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TPR	+ 0.93	HESAF
TPR	+ 0.92	MYTE
HESAF	+ 0.91	MYTE
ELA	+ 0.64	LANV
SIG	+ 0.62	BGI
FOSL	+ 0.58	MOV

High negative correlations

HESAF	- 0.93	SIG
TPR	- 0.87	SIG
SIG	- 0.85	MYTE
TPR	- 0.79	BGI
BGI	- 0.78	MYTE
HESAF	- 0.66	BGI

Risk-Adjusted Indicators

There is a big difference between Charles Stock performing well and Charles Colvard Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Charles Colvard's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LANV	4.98	0.29	0.05	(0.28)	5.43	(6.38)	13.89	(11.89)	29.32
MYTE	3.31	0.93	0.32	1.08	2.33	(4.47)	11.52	(4.53)	30.36
MOV	1.35	0.09	0.06	0.11	1.37	(1.59)	2.77	(1.91)	6.87
BGI	2.91	(0.63)	0.00	1.61	0.00	0.00	6.21	(9.23)	26.51
SIG	2.29	(0.86)	0.00	(1.39)	0.00	0.00	3.58	(3.96)	27.25
ELA	1.83	0.00	0.00	(0.08)	2.09	(2.03)	4.59	(3.63)	14.28
HESAF	1.30	0.46	0.32	12.48	0.95	(1.51)	4.35	(2.35)	9.45
FOSL	4.87	0.44	0.09	0.75	4.62	(6.40)	10.08	(7.57)	72.60
TPR	1.66	0.62	0.38	(2.32)	1.22	(2.06)	3.73	(2.71)	15.03
CPRI	2.14	0.01	0.00	(0.04)	2.92	(2.16)	5.18	(4.43)	20.30

Charles Colvard Corporate Executives

Elected by the shareholders, the Charles Colvard's board of directors comprises two types of representatives: Charles Colvard inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Charles. The board's role is to monitor Charles Colvard's management team and ensure that shareholders' interests are well served. Charles Colvard's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Charles Colvard's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Clint CPA	CFO Treasurer	Profile
	Clint Pete	Interim CFO, Corporate Controller	Profile

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