CVD Equipment Correlations

CVV Stock

USD 3.16 0.01 0.32%

The current 90-days correlation between CVD Equipment and Hurco Companies is 0.1 (i.e., Average diversification). The correlation of CVD Equipment 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.

CVD Equipment Correlation With Market

Significant diversification

The correlation between CVD Equipment and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVD Equipment 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 CVD Equipment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy CVD Stock please use our How to Invest in CVD Equipment guide.

Moving together with CVD Stock

0.81	NA	Nano Labs	Pair Corr
0.81	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.7	MXL	MaxLinear	Pair Corr
0.8	KLIC	Kulicke and Soffa	Pair Corr
0.74	MRVL	Marvell Technology	Pair Corr
0.7	NVDA	NVIDIA	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.66	BL	Blackline	Pair Corr
0.62	DOCU	DocuSign Tech Boost	Pair Corr
0.69	VERX	Vertex	Pair Corr
0.68	VMEO	Vimeo Inc	Pair Corr
0.7	ETWO	E2open Parent Holdings	Pair Corr
0.66	EVCM	EverCommerce	Pair Corr
0.75	WKEY	Wisekey International	Pair Corr

Moving against CVD Stock

0.66	LEDS	SemiLEDS Tech Boost	Pair Corr
0.43	HIMX	Himax Technologies	Pair Corr
0.42	INTC	Intel	Pair Corr
0.42	MQ	Marqeta Tech Boost	Pair Corr
0.79	ENFN	Enfusion	Pair Corr
0.36	ZS	Zscaler	Pair Corr
0.32	DOCN	DigitalOcean Holdings	Pair Corr

Related Correlations Analysis

	SXI	IVAC	THR	NPO	GHM	HURC	EPAC	CYD	LXFR
SXI		-0.58	0.43	0.43	0.51	0.51	0.57	-0.54	0.58	SXI
IVAC	-0.58		-0.04	0.18	-0.86	-0.46	0.09	0.88	-0.37	IVAC
THR	0.43	-0.04		0.27	-0.03	-0.09	0.47	-0.04	0.13	THR
NPO	0.43	0.18	0.27		-0.13	0.45	0.76	0.15	0.67	NPO
GHM	0.51	-0.86	-0.03	-0.13		0.58	-0.14	-0.88	0.46	GHM
HURC	0.51	-0.46	-0.09	0.45	0.58		0.24	-0.6	0.84	HURC
EPAC	0.57	0.09	0.47	0.76	-0.14	0.24		0.11	0.43	EPAC
CYD	-0.54	0.88	-0.04	0.15	-0.88	-0.6	0.11		-0.45	CYD
LXFR	0.58	-0.37	0.13	0.67	0.46	0.84	0.43	-0.45		LXFR
	SXI	IVAC	THR	NPO	GHM	HURC	EPAC	CYD	LXFR

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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

CYD	+ 0.88	IVAC
LXFR	+ 0.84	HURC
EPAC	+ 0.76	NPO
LXFR	+ 0.67	NPO
LXFR	+ 0.58	SXI
HURC	+ 0.58	GHM

High negative correlations

CYD	- 0.88	GHM
GHM	- 0.86	IVAC
CYD	- 0.6	HURC
IVAC	- 0.58	SXI
CYD	- 0.54	SXI
HURC	- 0.46	IVAC

Risk-Adjusted Indicators

There is a big difference between CVD Stock performing well and CVD Equipment 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 CVD Equipment'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
SXI	1.34	(0.24)	0.00	(0.37)	0.00	0.00	2.23	(3.64)	7.91
IVAC	1.84	0.64	0.48	1.82	0.68	(2.73)	4.55	(2.31)	25.62
THR	1.51	(0.04)	0.00	(0.12)	0.00	0.00	3.77	(3.32)	9.97
NPO	1.56	(0.02)	0.00	(0.09)	0.00	0.00	2.17	(3.38)	10.90
GHM	2.79	(0.27)	0.00	(0.20)	0.00	0.00	6.01	(6.47)	23.34
HURC	2.35	(0.24)	0.00	(0.78)	0.00	0.00	4.14	(4.30)	23.02
EPAC	1.33	(0.10)	0.00	(0.18)	0.00	0.00	2.21	(2.97)	6.65
CYD	5.16	1.53	0.28	(164.93)	4.60	(6.17)	15.80	(10.50)	36.75
LXFR	1.70	(0.12)	0.00	(0.20)	0.00	0.00	2.60	(4.10)	11.40

CVD Equipment Corporate Management

Warren Cheesman	Vice Operations	Profile
Jeffrey Brogan	Vice Marketing	Profile
Maxim Shatalov	Vice Technology	Profile
Richard Catalano	CFO, VP	Profile

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