CPI Card Correlations

PMTS Stock

USD 28.97 0.31 1.06%

The current 90-days correlation between CPI Card Group and Runway Growth Finance is 0.23 (i.e., Modest diversification). The correlation of CPI Card 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.

CPI Card Correlation With Market

Weak diversification

The correlation between CPI Card Group and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CPI Card Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in CPI Card Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CPI Stock

0.61

Unity Software

Pair Corr

Moving against CPI Stock

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0.41	RDCM	Radcom	Pair Corr
0.37	IBM	International Business	Pair Corr
0.34	CSCO	Cisco Systems	Pair Corr
0.32	GB	Global Blue Group	Pair Corr
0.32	GROV	Virgin Group Acquisition	Pair Corr
0.67	KGC	Kinross Gold Aggressive Push	Pair Corr
0.62	BAOB	Baraboo Bancorporation	Pair Corr
0.61	GORO	Gold Resource	Pair Corr
0.59	KEY-PI	KeyCorp	Pair Corr
0.59	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.58	INVX	Innovex International, Symbol Change	Pair Corr
0.55	FWEDF	Fireweed Zinc	Pair Corr
0.55	RTMVF	Rightmove plc	Pair Corr
0.53	NVRO	Nevro Corp	Pair Corr
0.53	RKNEF	Optiva Inc	Pair Corr
0.46	DNCVF	Defiance Silver Corp	Pair Corr
0.41	AXSM	Axsome Therapeutics	Pair Corr
0.36	MMSI	Merit Medical Systems	Pair Corr
0.35	CDR-PB	Cedar Realty Trust	Pair Corr
0.32	MFON	Mobivity Holdings	Pair Corr

Related Correlations Analysis

	FCFS	RWAY	CACC	MGI	SLM	IX	MFIN	OPRT	ATLCP
FCFS		0.6	0.54	0.0	0.74	-0.29	-0.64	0.67	0.7	FCFS
RWAY	0.6		0.63	0.0	0.62	-0.38	-0.58	0.47	0.34	RWAY
CACC	0.54	0.63		0.0	0.56	0.14	-0.15	0.28	0.4	CACC
MGI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MGI
SLM	0.74	0.62	0.56	0.0		-0.42	-0.74	0.87	0.6	SLM
IX	-0.29	-0.38	0.14	0.0	-0.42		0.67	-0.47	-0.06	IX
MFIN	-0.64	-0.58	-0.15	0.0	-0.74	0.67		-0.83	-0.58	MFIN
OPRT	0.67	0.47	0.28	0.0	0.87	-0.47	-0.83		0.7	OPRT
ATLCP	0.7	0.34	0.4	0.0	0.6	-0.06	-0.58	0.7		ATLCP
	FCFS	RWAY	CACC	MGI	SLM	IX	MFIN	OPRT	ATLCP

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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

OPRT	+ 0.87	SLM
SLM	+ 0.74	FCFS
ATLCP	+ 0.7	FCFS
ATLCP	+ 0.7	OPRT
OPRT	+ 0.67	FCFS
MFIN	+ 0.67	IX

High negative correlations

OPRT	- 0.83	MFIN
MFIN	- 0.74	SLM
MFIN	- 0.64	FCFS
ATLCP	- 0.58	MFIN
MFIN	- 0.58	RWAY
OPRT	- 0.47	IX

Risk-Adjusted Indicators

There is a big difference between CPI Stock performing well and CPI Card 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 CPI Card'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
FCFS	0.98	0.16	0.14	0.20	1.27	(1.02)	2.41	(2.20)	6.71
RWAY	0.91	0.03	0.05	(0.01)	1.20	(0.94)	1.81	(1.92)	5.34
CACC	1.55	0.14	0.05	0.02	1.96	(1.46)	3.36	(3.10)	7.26
MGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLM	1.41	0.29	0.17	0.20	1.44	(1.57)	3.36	(2.88)	8.92
IX	0.98	0.00	0.00	(0.07)	0.00	0.00	1.82	(2.17)	7.70
MFIN	1.68	(0.10)	0.00	(0.18)	0.00	0.00	2.74	(3.87)	11.14
OPRT	3.70	0.87	0.17	0.36	3.89	(3.94)	12.20	(7.22)	29.43
ATLCP	0.56	0.02	0.11	0.06	0.71	(0.58)	1.33	(1.27)	3.04

CPI Card Corporate Management

Beth Starkey	Chief Officer	Profile
Amintore Schenkel	Chief Officer	Profile
JD Porter	Chief Officer	Profile
Margaret OLeary	Executive Solutions	Profile
Jennifer Almquist	Head Relations	Profile
Scott Scheirman	Senior Advisor	Profile

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