Core Main Correlations

CNM Stock

USD 47.90 -0.16 -0.33%

The current 90-days correlation between Core Main and Pool Corporation is 0.41 (i.e., Very weak diversification).A low or negative correlation between Core Main and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.

Market Correlation Signal - Core Main

Very poor diversification

CNM currently posts a 0.82 correlation with DJI, indicating a Very poor diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Build portfolio with Core Stock

Core Main has a market cap of 9.49 B, operating margin of 10.67%, ROE of 23.97%. Trending Equities can help frame allocation decisions. This reflects a position in Core Main across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For a detailed overview of how to trade Core Stock, see our How to Trade Core Stock guide.

Moving together with Core Stock

0.75

BKRKY

Bank Rakyat

Pair Corr

Related Correlations Analysis

	POOL	AIT	DCI	FLS	WMS	AOS	GNRC	WTS	ARMK	SWK
POOL		0.38	0.65	0.15	0.39	0.33	-0.29	0.1	-0.29	0.48	POOL
AIT	0.38		0.71	0.76	0.84	0.81	0.53	0.74	0.54	0.84	AIT
DCI	0.65	0.71		0.71	0.81	0.84	0.31	0.61	0.15	0.86	DCI
FLS	0.15	0.76	0.71		0.87	0.91	0.8	0.96	0.63	0.83	FLS
WMS	0.39	0.84	0.81	0.87		0.92	0.51	0.78	0.42	0.93	WMS
AOS	0.33	0.81	0.84	0.91	0.92		0.67	0.87	0.54	0.89	AOS
GNRC	-0.29	0.53	0.31	0.8	0.51	0.67		0.78	0.86	0.53	GNRC
WTS	0.1	0.74	0.61	0.96	0.78	0.87	0.78		0.59	0.76	WTS
ARMK	-0.29	0.54	0.15	0.63	0.42	0.54	0.86	0.59		0.46	ARMK
SWK	0.48	0.84	0.86	0.83	0.93	0.89	0.53	0.76	0.46		SWK
	POOL	AIT	DCI	FLS	WMS	AOS	GNRC	WTS	ARMK	SWK

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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

WTS	+ 0.96	FLS
SWK	+ 0.93	WMS
AOS	+ 0.92	WMS
AOS	+ 0.91	FLS
SWK	+ 0.89	AOS
WMS	+ 0.87	FLS

High negative correlations

ARMK	- 0.29	POOL
GNRC	- 0.29	POOL

Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Main Company doing well as a business compared to the competition. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
POOL	1.54	-0.14	0.00	-0.15	0.00	0.00	2.95	-2.63	18.38
AIT	1.38	0.04	0.01	0.00	2.17	-1.25	2.37	-3.19	10.01
DCI	1.26	-0.04	0.00	-0.07	0.00	0.00	2.24	-2.30	15.48
FLS	1.37	0.08	0.03	0.02	1.94	-1.42	2.46	-3.11	14.52
WMS	1.56	0.01	0.00	-0.02	0.00	0.00	3.31	-3.15	13.59
AOS	1.20	-0.01	0.00	-0.03	0.00	0.00	2.38	-2.45	8.31
GNRC	2.40	0.53	0.17	0.28	2.74	-2.71	5.37	-4.01	24.69
WTS	1.10	0.21	0.17	0.20	1.00	-1.25	2.85	-2.01	9.09
ARMK	1.05	0.15	0.10	0.15	1.43	-1.28	2.58	-1.41	12.74
SWK	1.69	0.04	0.01	0.00	2.13	-1.78	3.56	-3.59	9.68

Core Main Corporate Management

Ian Rorick	Director	Profile
Dennis Gipson	Independent Director	Profile
Laura Schneider	Chief Human Resource Officer	Profile
Mark Whittenburg	General Counsel, Company Secretary	Profile
James Castellano	Independent Director	Profile
Nathan Sleeper	Director	Profile
Robyn Bradbury	Analysis Planning	Profile

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