C-Bond Systems Correlations
| CBNT Stock | USD 0 0.0001 2.38% |
The correlation of C-Bond Systems 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 C-Bond Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if C Bond Systems 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.
Significant diversification
The correlation between C Bond Systems and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding C Bond Systems and NYA in the same portfolio, assuming nothing else is changed.
C-Bond |
The ability to find closely correlated positions to C-Bond Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace C-Bond Systems 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 C-Bond Systems - 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 C Bond Systems to buy it.
Moving together with C-Bond Pink Sheet
| 0.77 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.65 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.68 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against C-Bond Pink Sheet
| 0.57 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.49 | SKFOF | Sika AG | PairCorr |
| 0.48 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.45 | SXYAY | Sika AG ADR | PairCorr |
| 0.44 | ECL | Ecolab Inc Financial Report 7th of May 2024 | PairCorr |
| 0.8 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.74 | GE | GE Aerospace Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in C-Bond Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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C-Bond Systems Corporate Management
Elected by the shareholders, the C-Bond Systems' board of directors comprises two types of representatives: C-Bond Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of C-Bond. The board's role is to monitor C-Bond Systems' management team and ensure that shareholders' interests are well served. C-Bond Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, C-Bond Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Wanke | Pres Group | Profile | |
| Andrew Barron | Chief Officer | Profile | |
| Joni Troska | Secretary | Profile | |
| Craig Steinroeder | VP Devel | Profile | |
| Enrique Barrera | Chief Advisor | Profile |
Already Invested in C Bond Systems?
The danger of trading C Bond Systems is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of C-Bond Systems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than C-Bond Systems. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile C Bond Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in C Bond Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for C-Bond Pink Sheet analysis
When running C-Bond Systems' price analysis, check to measure C-Bond Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy C-Bond Systems is operating at the current time. Most of C-Bond Systems' value examination focuses on studying past and present price action to predict the probability of C-Bond Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move C-Bond Systems' price. Additionally, you may evaluate how the addition of C-Bond Systems to your portfolios can decrease your overall portfolio volatility.
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