Custom Truck Correlations
| CTOS Stock | USD 5.37 0.12 2.29% |
The correlation of Custom Truck 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 Custom Truck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Custom Truck One 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.
Weak diversification
The correlation between Custom Truck One and NYA is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Custom Truck One and NYA in the same portfolio, assuming nothing else is changed.
Custom |
The ability to find closely correlated positions to Custom Truck could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Custom Truck 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 Custom Truck - 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 Custom Truck One to buy it.
Moving together with Custom Stock
| 0.61 | VSTS | Vestis | PairCorr |
| 0.86 | AAN | Aarons | PairCorr |
| 0.62 | HTZ | Hertz Global Holdings Earnings Call This Week | PairCorr |
| 0.68 | WSC | Willscot Mobile Mini Financial Report 24th of April 2024 | PairCorr |
| 0.75 | YAYO | Yayyo Inc | PairCorr |
Moving against Custom Stock
| 0.77 | AER | AerCap Holdings NV Earnings Call Next Week | PairCorr |
| 0.77 | TGH-PA | Textainer Group Holdings Earnings Call This Week | PairCorr |
| 0.76 | AL | Air Lease Financial Report 6th of May 2024 | PairCorr |
| 0.76 | TGH-PB | Textainer Group Holdings | PairCorr |
| 0.72 | FTAIM | FTAI Aviation | PairCorr |
| 0.69 | FTAI | Fortress Transp Infra Financial Report 24th of April 2024 | PairCorr |
| 0.67 | FTAIP | Fortress Transportation | PairCorr |
| 0.62 | GATX | GATX Financial Report 23rd of July 2024 | PairCorr |
| 0.61 | FTAIN | Fortress Transportation | PairCorr |
| 0.6 | HEES | HE Equipment Services Earnings Call This Week | PairCorr |
| 0.55 | FTAIO | Fortress Transportation | PairCorr |
| 0.51 | HRI | Herc Holdings | PairCorr |
| 0.48 | MWG | Multi Ways Holdings Report 21st of May 2024 | PairCorr |
Related Correlations Analysis
| 0.33 | -0.41 | -0.16 | -0.7 | AAN | ||
| 0.33 | 0.14 | 0.22 | -0.1 | MGRC | ||
| -0.41 | 0.14 | 0.51 | 0.74 | PRG | ||
| -0.16 | 0.22 | 0.51 | 0.29 | R | ||
| -0.7 | -0.1 | 0.74 | 0.29 | TRTN-PB | ||
| 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 Custom Stock performing well and Custom Truck 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 Custom Truck'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAN | 2.25 | (0.56) | 0.00 | (0.24) | 0.00 | 3.82 | 22.32 | |||
| MGRC | 0.87 | (0.09) | 0.00 | (0.03) | 0.00 | 1.65 | 12.85 | |||
| PRG | 1.85 | 0.07 | 0.03 | 0.15 | 2.83 | 3.71 | 13.89 | |||
| R | 1.21 | (0.11) | 0.00 | (0.02) | 0.00 | 1.93 | 8.60 | |||
| TRTN-PB | 0.35 | 0.01 | (0.12) | 0.11 | 0.42 | 0.73 | 2.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Custom Truck 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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Custom Truck Corporate Directors
Custom Truck corporate directors refer to members of a Custom Truck board of directors. The board of directors generally takes responsibility for the Custom Truck'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 Custom Truck's board members must vote for the resolution. The Custom Truck board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| JohnPaul Munfa | Independent Director | Profile | |
| Mark Ein | Independent Director | Profile | |
| Fredrick Ross | Founder Director | Profile | |
| Paul Bader | Independent Director | Profile |
Already Invested in Custom Truck One?
The danger of trading Custom Truck One 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 Custom Truck 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 Custom Truck. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Custom Truck One 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 Custom Truck One. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Custom Stock analysis
When running Custom Truck's price analysis, check to measure Custom Truck's 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 Custom Truck is operating at the current time. Most of Custom Truck's value examination focuses on studying past and present price action to predict the probability of Custom Truck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Custom Truck's price. Additionally, you may evaluate how the addition of Custom Truck to your portfolios can decrease your overall portfolio volatility.
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Is Custom Truck's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Custom Truck. If investors know Custom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Custom Truck listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Earnings Share 0.21 | Revenue Per Share 7.61 | Quarterly Revenue Growth 0.072 | Return On Assets 0.0367 |
The market value of Custom Truck One is measured differently than its book value, which is the value of Custom that is recorded on the company's balance sheet. Investors also form their own opinion of Custom Truck's value that differs from its market value or its book value, called intrinsic value, which is Custom Truck's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Custom Truck's market value can be influenced by many factors that don't directly affect Custom Truck's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Custom Truck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Custom Truck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Custom Truck's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.