CNH Industrial Correlations
| CNHIDelisted Stock | USD 11.45 0.07 0.61% |
The correlation of CNH Industrial 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 CNH Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNH Industrial NV 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.
Good diversification
The correlation between CNH Industrial NV and NYA is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNH Industrial NV and NYA in the same portfolio, assuming nothing else is changed.
CNH |
The ability to find closely correlated positions to CNH Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNH Industrial 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 CNH Industrial - 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 CNH Industrial NV to buy it.
Moving together with CNH Stock
Moving against CNH Stock
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 CNH Stock performing well and CNH Industrial 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 CNH Industrial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DE | 0.84 | 0.03 | 0.03 | 0.10 | 1.25 | 2.18 | 7.78 | |||
| LNN | 1.20 | (0.12) | 0.00 | (0.49) | 0.00 | 2.31 | 8.68 | |||
| ALG | 1.29 | (0.28) | 0.00 | (0.12) | 0.00 | 2.22 | 8.98 | |||
| CAT | 1.13 | 0.07 | 0.05 | 0.11 | 1.88 | 2.28 | 10.03 | |||
| OSK | 1.10 | 0.08 | 0.01 | 0.54 | 1.73 | 2.47 | 7.70 | |||
| TEX | 1.40 | 0.12 | 0.04 | 0.52 | 1.68 | 2.98 | 8.42 | |||
| MTW | 1.70 | (0.40) | 0.00 | (1.26) | 0.00 | 3.11 | 11.19 | |||
| AGCO | 1.24 | (0.05) | (0.02) | 0.03 | 1.74 | 2.17 | 8.58 | |||
| ASTE | 1.70 | (0.16) | 0.00 | (0.03) | 0.00 | 2.85 | 25.70 | |||
| HY | 2.33 | 0.10 | 0.03 | 0.15 | 3.50 | 4.19 | 28.56 |
| The entity CNH Industrial NV with a symbol CNHI was recently relisted or delisted. You can potentially use CNH GLOBAL N with a symbol CNH. Please make sure the ticker renaming or change in the classification of CNH Industrial NV is not a temporary action by the exchange. |
CNH Industrial Corporate Directors
CNH Industrial corporate directors refer to members of a CNH Industrial board of directors. The board of directors generally takes responsibility for the CNH Industrial'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 CNH Industrial's board members must vote for the resolution. The CNH Industrial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jacqueline Bakker | Non-Executive Independent Director | Profile | |
| Jacques Theurillat | Non-Executive Independent Director | Profile | |
| John Lanaway | Non-Executive Independent Director | Profile | |
| Leo Houle | Senior Non-Executive Independent Director | Profile |
Still Interested in CNH Industrial NV?
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, which includes a position in CNH Industrial NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the CNH Industrial NV information on this page should be used as a complementary analysis to other CNH Industrial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Consideration for investing in CNH Stock
If you are still planning to invest in CNH Industrial NV 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 CNH Industrial's history and understand the potential risks before investing.
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