Cintas Correlations

Stocks . USA . 
Stock . Cintas
CTAS Stock  USD 225.79  1.74  0.78%   
The current 90-days correlation between Cintas and ABM Industries Incorporated is 0.51 (i.e., Very weak diversification). The correlation of Cintas 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.

Cintas Correlation With Market

Poor diversification

The correlation between Cintas and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cintas 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 Cintas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.

Moving together with Cintas Stock

  0.75BV BrightView HoldingsPairCorr
  0.86LZ LegalZoomPairCorr
  0.74NL NL IndustriesPairCorr
  0.91WM Waste Management Sell-off TrendPairCorr
  0.68VIRC Virco Manufacturing Earnings Call This WeekPairCorr
  0.79VRSK Verisk AnalyticsPairCorr
  0.87VSEC VSE CorporationPairCorr
  0.68ABM ABM Industries Fiscal Year End 11th of December 2024 PairCorr
  0.8AXR AMREPPairCorr
  0.83DLX DeluxePairCorr
  0.78HNI HNI CorpPairCorr
  0.7FVRR Fiverr InternationalPairCorr
  0.71YIBO Planet Image InternaPairCorr
  0.82HURN Huron ConsultingPairCorr
  0.88INOD Innodata Buyout TrendPairCorr

Moving against Cintas Stock

  0.83VCIG VCI Global Limited TrendingPairCorr
  0.75EFX EquifaxPairCorr
  0.68SMX SMX Public LimitedPairCorr
  0.61WHLM WilhelminaPairCorr
  0.61MMS MaximusPairCorr
  0.59MG Mistras GroupPairCorr
  0.59FCN FTI ConsultingPairCorr
  0.56FC Franklin CoveyPairCorr
  0.56DLHC DLH Holdings Corp Earnings Call This WeekPairCorr
  0.52RGP Resources ConnectionPairCorr
  0.4VLTO VeraltoPairCorr
  0.4EXPO ExponentPairCorr
  0.83HDSN Hudson TechnologiesPairCorr
  0.74CVEO Civeo CorpPairCorr
  0.74CP Canadian Pacific RailwayPairCorr
  0.72CREG Smart Powerr CorpPairCorr
  0.62BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.54PFMT Performant FinancialPairCorr
  0.48ICFI ICF InternationalPairCorr
  0.45BLMZ BloomZ Ordinary SharesPairCorr

Related Correlations Analysis

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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   
AZZ
+ 0.85
CPRT
LAD
+ 0.8
CPRT
AZZ
+ 0.78
DLB
AZZ
+ 0.78
LAD
LAD
+ 0.73
ABM
CPRT
+ 0.7
ABM
  
High negative correlations   
MMS
- 0.67
CPRT
AZZ
- 0.63
MMS
MMS
- 0.62
GPN
MMS
- 0.61
LAD
MMS
- 0.42
DLB
MMS
- 0.39
KMX

Risk-Adjusted Indicators

There is a big difference between Cintas Stock performing well and Cintas 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 Cintas' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ABM  1.25 (0.11)(0.04) 0.04  1.98 
(1.23)
 2.67 
(2.11)
 10.24 
CPRT  1.17  0.13  0.09  0.24  1.30 
(1.29)
 2.67 
(1.59)
 10.65 
DLB  1.09  0.09  0.05  0.25  0.97 
(1.27)
 1.99 
(2.04)
 18.26 
RELX  0.94 (0.05)(0.10) 0.03  1.05 
(1.13)
 1.81 
(1.69)
 5.13 
KMX  1.44 (0.18)(0.08) 0.00  1.74 
(1.54)
 4.14 
(3.24)
 8.69 
LAD  1.73  0.21  0.16  0.26  1.58 
(2.02)
 3.52 
(3.18)
 13.35 
AN  1.51 (0.21)(0.06) 0.01  1.90 
(1.50)
 3.73 
(3.00)
 8.95 
GPN  1.39 (0.03) 0.01  0.11  1.99 
(1.36)
 3.43 
(2.71)
 9.86 
MMS  1.12 (0.39) 0.00 (0.54) 0.00 
 0.00 
 1.91 
(2.50)
 10.19 
AZZ  1.71 (0.01) 0.06  0.12  1.93 
(1.91)
 3.18 
(3.14)
 11.98 

Cintas Corporate Executives

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