Yunhong CTI Correlations
| CTIBDelisted Stock | USD 2.43 0.58 31.35% |
The correlation of Yunhong CTI 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yunhong CTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yunhong CTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Yunhong CTI and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yunhong CTI and NYA in the same portfolio, assuming nothing else is changed.
Yunhong |
The ability to find closely correlated positions to Yunhong CTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yunhong CTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Yunhong CTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Yunhong CTI to buy it.
Moving against Yunhong Stock
| 0.54 | IBM | International Business Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Yunhong Stock performing well and Yunhong CTI 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 Yunhong CTI'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRFCF | 141.46 | 64.40 | 0.00 | 0.76 | 0.00 | 0.00 | 4,740 | |||
| BOMH | 1.49 | (0.51) | 0.00 | (0.84) | 0.00 | 0.00 | 53.33 | |||
| SCOO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MTTRY | 2.80 | (0.16) | 0.00 | 0.43 | 0.00 | 8.33 | 24.93 | |||
| BWTL | 1.25 | (0.11) | 0.00 | (0.29) | 0.00 | 5.56 | 27.55 | |||
| LESL | 3.63 | (0.69) | 0.00 | 1.09 | 0.00 | 6.36 | 29.07 | |||
| SBH | 2.38 | (0.09) | 0.00 | 0.31 | 0.00 | 4.64 | 16.08 | |||
| ODP | 1.23 | 0.01 | (0.05) | (0.07) | 1.52 | 2.77 | 7.40 | |||
| FLWS | 1.90 | (0.23) | 0.00 | 1.95 | 0.00 | 4.15 | 11.58 | |||
| CASY | 1.04 | 0.19 | 0.05 | (0.54) | 1.53 | 2.23 | 10.72 |
Delisting Warning - CTIB
Yunhong CTI was delisted
| The entity Yunhong CTI with a symbol CTIB was delisted from NASDAQ Exchange. Please try Yunhong Green CTI with a symbol YHGJ from now on. Check all delisted instruments accross multiple markets. |
Yunhong CTI Corporate Directors
Yunhong CTI corporate directors refer to members of a Yunhong CTI board of directors. The board of directors generally takes responsibility for the Yunhong CTI's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Yunhong CTI's board members must vote for the resolution. The Yunhong CTI board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stanley Brown | Independent Director | Profile | |
| John Klimek | Director | Profile | |
| Bret Tayne | Independent Director | Profile | |
| John Collins | Lead Independent Director | Profile |
Still Interested in Yunhong CTI?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in Yunhong Stock
If you are still planning to invest in Yunhong CTI check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Yunhong CTI's history and understand the potential risks before investing.
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