Castellum Correlations
| CTM Stock | USD 0.25 0.02 7.41% |
The correlation of Castellum 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 Castellum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castellum 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 Castellum and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Castellum and NYA in the same portfolio, assuming nothing else is changed.
Castellum |
The ability to find closely correlated positions to Castellum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Castellum 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 Castellum - 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 Castellum to buy it.
Moving together with Castellum Stock
| 0.74 | G | Genpact Limited Earnings Call This Week | PairCorr |
| 0.69 | DMRC | Digimarc | PairCorr |
| 0.78 | EPAM | EPAM Systems | PairCorr |
| 0.62 | EXLS | ExlService Holdings | PairCorr |
| 0.81 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.77 | GIB | CGI Inc Fiscal Year End 13th of November 2024 | PairCorr |
| 0.65 | III | Information Services Earnings Call This Week | PairCorr |
Moving against Castellum Stock
| 0.48 | FIS | Fidelity National Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.8 | -0.01 | 0.34 | 0.55 | HCKT | ||
| 0.8 | -0.36 | 0.6 | 0.14 | CSPI | ||
| -0.01 | -0.36 | -0.71 | 0.72 | CLVT-PA | ||
| 0.34 | 0.6 | -0.71 | -0.37 | FORTY | ||
| 0.55 | 0.14 | 0.72 | -0.37 | III | ||
| 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 Castellum Stock performing well and Castellum 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 Castellum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCKT | 1.24 | (0.14) | 0.00 | (0.07) | 0.00 | 2.92 | 12.14 | |||
| CSPI | 5.95 | 0.13 | 0.04 | 0.07 | 6.79 | 14.78 | 50.21 | |||
| CLVT-PA | 1.90 | (0.47) | 0.00 | (0.22) | 0.00 | 3.96 | 20.63 | |||
| FORTY | 1.21 | 0.19 | 0.06 | 1.20 | 1.22 | 4.31 | 10.18 | |||
| III | 1.65 | (0.54) | 0.00 | (0.26) | 0.00 | 3.62 | 10.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Castellum 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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Castellum Corporate Management
Elected by the shareholders, the Castellum's board of directors comprises two types of representatives: Castellum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Castellum. The board's role is to monitor Castellum's management team and ensure that shareholders' interests are well served. Castellum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Castellum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Amanda Douglas | Corporate Controller | Profile | |
| Glen Ives | Chief Officer | Profile | |
| Jay Wright | General Chair | Profile | |
| Ian Gerrard | Head Accounting | Profile | |
| Colonel Buckhout | Chief Director | Profile |
Already Invested in Castellum?
The danger of trading Castellum 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 Castellum 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 Castellum. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Castellum 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.
When determining whether Castellum is a strong investment it is important to analyze Castellum's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Castellum's future performance. For an informed investment choice regarding Castellum Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castellum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Castellum Stock, please use our How to Invest in Castellum guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Castellum's price analysis, check to measure Castellum'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 Castellum is operating at the current time. Most of Castellum's value examination focuses on studying past and present price action to predict the probability of Castellum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Castellum's price. Additionally, you may evaluate how the addition of Castellum to your portfolios can decrease your overall portfolio volatility.
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Is Castellum'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 Castellum. If investors know Castellum 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 Castellum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.959 | Quarterly Revenue Growth 0.106 | Return On Assets (0.19) | Return On Equity (1.17) |
The market value of Castellum is measured differently than its book value, which is the value of Castellum that is recorded on the company's balance sheet. Investors also form their own opinion of Castellum's value that differs from its market value or its book value, called intrinsic value, which is Castellum'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 Castellum's market value can be influenced by many factors that don't directly affect Castellum'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 Castellum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Castellum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castellum'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.