CDT Environmental Correlations

CDTG Stock

3.20 0.23 7.74%

The current 90-days correlation between CDT Environmental and Morningstar Unconstrained Allocation is 0.03 (i.e., Significant diversification). The correlation of CDT Environmental 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.

CDT Environmental Correlation With Market

Good diversification

The correlation between CDT Environmental Technology 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 CDT Environmental Technology 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 CDT Environmental Technology. 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 CDT Stock

0.65	VCIG	VCI Global Limited Trending	Pair Corr
0.63	EFX	Equifax	Pair Corr
0.62	FCN	FTI Consulting	Pair Corr

Moving against CDT Stock

0.76	VSEC	VSE Corporation	Pair Corr
0.67	WLDN	Willdan Group	Pair Corr
0.65	WM	Waste Management	Pair Corr
0.64	ADP	Automatic Data Processing	Pair Corr
0.61	SQ	Block Inc Sell-off Trend	Pair Corr
0.61	EXLS	ExlService Holdings	Pair Corr
0.57	NL	NL Industries	Pair Corr
0.57	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.55	LZ	LegalZoom	Pair Corr
0.52	BR	Broadridge Financial	Pair Corr
0.5	DRVN	Driven Brands Holdings	Pair Corr
0.46	G	Genpact Limited	Pair Corr
0.46	VRSK	Verisk Analytics	Pair Corr
0.46	AXR	AMREP	Pair Corr
0.46	CBZ	CBIZ Inc	Pair Corr
0.36	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.69	IIIV	i3 Verticals	Pair Corr
0.55	FOUR	Shift4 Payments	Pair Corr
0.51	CXW	CoreCivic	Pair Corr
0.49	GFL	Gfl Environmental	Pair Corr
0.49	RBA	RB Global	Pair Corr
0.47	CLH	Clean Harbors	Pair Corr
0.45	YIBO	Planet Image Interna	Pair Corr
0.41	DLX	Deluxe	Pair Corr
0.41	GDS	GDS Holdings Buyout Trend	Pair Corr
0.38	KAR	KAR Auction Services	Pair Corr
0.38	HCSG	Healthcare Services	Pair Corr

Related Correlations Analysis

	AAVXF	IPSHX	MSTSX	ID	MLGF	KNF	LICY	CIRAX	SEIC	GSHD
AAVXF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
IPSHX	0.0		0.56	0.86	0.38	0.87	0.62	0.15	0.93	0.9	IPSHX
MSTSX	0.0	0.56		0.46	0.73	0.67	0.65	0.82	0.42	0.33	MSTSX
ID	0.0	0.86	0.46		0.41	0.83	0.47	0.11	0.81	0.83	ID
MLGF	0.0	0.38	0.73	0.41		0.67	0.6	0.63	0.36	0.32	MLGF
KNF	0.0	0.87	0.67	0.83	0.67		0.73	0.33	0.86	0.83	KNF
LICY	0.0	0.62	0.65	0.47	0.6	0.73		0.4	0.65	0.54	LICY
CIRAX	0.0	0.15	0.82	0.11	0.63	0.33	0.4		-0.05	-0.13	CIRAX
SEIC	0.0	0.93	0.42	0.81	0.36	0.86	0.65	-0.05		0.98	SEIC
GSHD	0.0	0.9	0.33	0.83	0.32	0.83	0.54	-0.13	0.98		GSHD
	AAVXF	IPSHX	MSTSX	ID	MLGF	KNF	LICY	CIRAX	SEIC	GSHD

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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

GSHD	+ 0.98	SEIC
SEIC	+ 0.93	IPSHX
GSHD	+ 0.9	IPSHX
KNF	+ 0.87	IPSHX
ID	+ 0.86	IPSHX
SEIC	+ 0.86	KNF

High negative correlations

GSHD	- 0.13	CIRAX
SEIC	- 0.05	CIRAX
GSHD	- 0.0	AAVXF
SEIC	- 0.0	AAVXF
CIRAX	- 0.0	AAVXF
LICY	- 0.0	AAVXF

Risk-Adjusted Indicators

There is a big difference between CDT Stock performing well and CDT Environmental 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 CDT Environmental'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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPSHX	0.55	0.03	0.02	0.15	0.45	(0.68)	1.13	(0.98)	3.97
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.77	0.53	0.10	0.68	4.01	(5.10)	7.69	(6.67)	20.54
MLGF	0.37	0.02	(0.14)	0.33	0.34	(0.73)	1.11	(0.65)	3.32
KNF	1.55	0.21	0.13	0.23	1.90	(1.62)	2.77	(2.46)	12.78
LICY	6.73	0.67	0.09	0.90	6.69	(8.44)	14.15	(10.47)	55.51
CIRAX	0.34	(0.05)	(0.26)	0.00	0.43	(0.34)	0.66	(0.82)	1.81
SEIC	0.81	0.21	0.19	0.37	0.57	(0.95)	1.57	(1.56)	7.23
GSHD	1.67	0.61	0.41	1.00	0.83	(2.15)	5.06	(2.22)	14.35

CDT Environmental Corporate Executives

Elected by the shareholders, the CDT Environmental's board of directors comprises two types of representatives: CDT Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDT. The board's role is to monitor CDT Environmental's management team and ensure that shareholders' interests are well served. CDT Environmental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CDT Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zijiang Liu

CTO VP

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