Cyngn Correlations

CYN Stock

USD 0.56 0.01 0.89%

The current 90-days correlation between Cyngn Inc and Paltalk is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cyngn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyngn Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cyngn Correlation With Market

Significant diversification

The correlation between Cyngn Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cyngn Inc 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 Cyngn Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Cyngn Stock

0.67	PD	Pagerduty	Pair Corr
0.86	DOMO	Domo Inc	Pair Corr
0.79	ETWO	E2open Parent Holdings	Pair Corr

Moving against Cyngn Stock

0.56	KC	Kingsoft Cloud Holdings	Pair Corr
0.56	WK	Workiva	Pair Corr
0.53	VCSA	Vacasa Inc	Pair Corr
0.41	VS	Versus Systems Buyout Trend	Pair Corr
0.41	DOCU	DocuSign	Pair Corr
0.32	QH	Quhuo	Pair Corr
0.75	EZFL	EzFill Holdings Tech Boost	Pair Corr
0.67	EGAN	eGain	Pair Corr
0.55	WFCF	Where Food Comes Downward Rally	Pair Corr
0.51	DUOT	Duos Technologies	Pair Corr
0.45	WALDW	Waldencast Acquisition	Pair Corr
0.39	ENFN	Enfusion Tech Boost	Pair Corr

Related Correlations Analysis

	PALT	ANY	SOPA	MRIN	EZFL	PBTS	INPX	KSPN	AUUD	FRGT
PALT		-0.38	0.47	0.19	-0.33	0.6	0.9	0.07	0.6	0.3	PALT
ANY	-0.38		-0.09	-0.09	-0.32	0.23	-0.27	0.64	0.14	-0.53	ANY
SOPA	0.47	-0.09		0.66	-0.31	0.26	0.55	-0.01	0.56	0.37	SOPA
MRIN	0.19	-0.09	0.66		-0.02	-0.02	0.24	-0.21	0.37	0.31	MRIN
EZFL	-0.33	-0.32	-0.31	-0.02		-0.64	-0.46	-0.62	-0.48	0.22	EZFL
PBTS	0.6	0.23	0.26	-0.02	-0.64		0.72	0.67	0.57	0.02	PBTS
INPX	0.9	-0.27	0.55	0.24	-0.46	0.72		0.23	0.7	0.35	INPX
KSPN	0.07	0.64	-0.01	-0.21	-0.62	0.67	0.23		0.43	-0.27	KSPN
AUUD	0.6	0.14	0.56	0.37	-0.48	0.57	0.7	0.43		0.32	AUUD
FRGT	0.3	-0.53	0.37	0.31	0.22	0.02	0.35	-0.27	0.32		FRGT
	PALT	ANY	SOPA	MRIN	EZFL	PBTS	INPX	KSPN	AUUD	FRGT

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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

INPX	+ 0.9	PALT
INPX	+ 0.72	PBTS
AUUD	+ 0.7	INPX
KSPN	+ 0.67	PBTS
MRIN	+ 0.66	SOPA
KSPN	+ 0.64	ANY

High negative correlations

PBTS	- 0.64	EZFL
KSPN	- 0.62	EZFL
FRGT	- 0.53	ANY
AUUD	- 0.48	EZFL
INPX	- 0.46	EZFL
ANY	- 0.38	PALT

Risk-Adjusted Indicators

There is a big difference between Cyngn Stock performing well and Cyngn 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 Cyngn'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
PALT	3.97	(0.56)	0.00	(0.65)	0.00	0.00	7.69	(7.44)	31.47
ANY	5.57	0.43	0.07	(1.33)	5.35	(7.00)	11.46	(7.76)	42.00
SOPA	3.01	(0.06)	0.00	(0.04)	0.00	0.00	7.84	(6.12)	21.34
MRIN	2.27	0.03	0.00	0.10	2.48	(2.92)	6.51	(4.50)	16.51
EZFL	5.65	0.75	0.12	2.32	6.03	(6.42)	14.66	(9.71)	42.38
PBTS	71.04	32.77	1.69	(1.00)	15.82	(128.99)	25.00	(21.84)	2,409
INPX	4.54	(1.55)	0.00	4.32	0.00	0.00	5.71	(12.00)	49.23
KSPN	8.14	(0.50)	0.00	(0.09)	0.00	0.00	21.05	(13.33)	58.71
AUUD	3.75	(0.19)	0.00	(0.35)	0.00	0.00	12.90	(8.20)	25.91
FRGT	5.07	(0.21)	0.00	0.56	0.00	0.00	10.14	(8.57)	35.19

Cyngn Corporate Management

William Ong	Head Strategy	Profile
Marcus Brown	VP HR	Profile
Ben Mimmack	Head Relations	Profile
Chris Wright	Head Sales	Profile
Lior Tal	Chairman CEO	Profile
Donald Alvarez	CFO Director	Profile
Ben Landen	Vice Development	Profile

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