CCSC Technology Correlations

CCTG Stock

1.12 0.06 5.66%

The current 90-days correlation between CCSC Technology Inte and Insteel Industries is 0.12 (i.e., Average diversification). The correlation of CCSC Technology 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.

CCSC Technology Correlation With Market

Good diversification

The correlation between CCSC Technology International and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CCSC Technology International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CCSC Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CCSC Technology International. 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 CCSC Stock

0.61	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.73	FRGT	Freight Technologies	Pair Corr

Moving against CCSC Stock

0.83	LASR	nLIGHT Inc	Pair Corr
0.81	QUBT	Quantum Computing	Pair Corr
0.78	LPL	LG Display Earnings Call Tomorrow	Pair Corr
0.77	LITE	Lumentum Holdings Tech Boost	Pair Corr
0.71	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.7	VSH	Vishay Intertechnology	Pair Corr
0.66	RDWR	Radware Earnings Call This Week	Pair Corr
0.64	AAOI	Applied Opt	Pair Corr
0.52	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.51	RGTIW	Rigetti Computing Trending	Pair Corr
0.51	RGTI	Rigetti Computing Downward Rally	Pair Corr
0.44	CDW	CDW Corp	Pair Corr
0.33	GILT	Gilat Satellite Networks	Pair Corr
0.82	AVNW	Aviat Networks	Pair Corr
0.82	MU	Micron Technology	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.74	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.74	VRRM	Verra Mobility Corp	Pair Corr
0.73	ADI	Analog Devices	Pair Corr
0.73	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.69	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.59	CRNT	Ceragon Networks	Pair Corr
0.56	ADTN	ADTRAN Inc	Pair Corr
0.5	CIEN	Ciena Corp	Pair Corr
0.43	ENLV	Enlivex Therapeutics	Pair Corr
0.84	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.78	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.75	ARM	Arm Holdings plc Tech Boost	Pair Corr
0.75	STM	STMicroelectronics NV ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IIIN	LFVN	NIPMY	MED	TTAM	ZIJMF	PMNXF	SYY
IIIN		-0.05	0.0	0.76	0.57	0.18	0.26	0.6	IIIN
LFVN	-0.05		0.0	0.31	-0.29	0.57	0.04	0.32	LFVN
NIPMY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NIPMY
MED	0.76	0.31	0.0		0.19	0.41	0.26	0.64	MED
TTAM	0.57	-0.29	0.0	0.19		-0.19	0.38	0.11	TTAM
ZIJMF	0.18	0.57	0.0	0.41	-0.19		0.38	0.71	ZIJMF
PMNXF	0.26	0.04	0.0	0.26	0.38	0.38		0.32	PMNXF
SYY	0.6	0.32	0.0	0.64	0.11	0.71	0.32		SYY
	IIIN	LFVN	NIPMY	MED	TTAM	ZIJMF	PMNXF	SYY

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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

MED	+ 0.76	IIIN
SYY	+ 0.71	ZIJMF
SYY	+ 0.64	MED
SYY	+ 0.6	IIIN
TTAM	+ 0.57	IIIN
ZIJMF	+ 0.57	LFVN

High negative correlations

TTAM	- 0.29	LFVN
ZIJMF	- 0.19	TTAM
LFVN	- 0.05	IIIN
SYY	- 0.0	NIPMY
PMNXF	- 0.0	NIPMY
ZIJMF	- 0.0	NIPMY

Risk-Adjusted Indicators

There is a big difference between CCSC Stock performing well and CCSC Technology 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 CCSC Technology'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
IIIN	1.58	0.51	0.20	(1.20)	1.25	(2.05)	2.91	(1.94)	20.12
LFVN	2.63	(0.31)	0.00	(0.14)	0.00	0.00	5.30	(5.35)	13.79
NIPMY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MED	2.21	0.03	0.02	0.16	2.57	(2.63)	4.64	(5.02)	13.02
TTAM	1.81	0.28	0.07	(3.72)	1.78	(2.13)	3.84	(3.34)	11.76
ZIJMF	3.28	0.62	0.12	(4.12)	3.16	(3.87)	8.53	(5.76)	24.25
PMNXF	1.70	0.24	0.00	(0.20)	2.14	(2.23)	4.57	(5.02)	12.97
SYY	0.92	0.07	0.02	0.24	0.89	(1.00)	1.67	(1.71)	4.81

CCSC Technology Corporate Management

Chee Law	Chief Officer	Profile
Chi Chan	Chief Officer	Profile
Jung Chiu	Chief Officer	Profile
Kwok Chan	Chief Officer	Profile

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