CSI Compressco Correlations

CCLP
 Stock
  

USD 1.17  0.04  3.31%   

The correlation of CSI Compressco is a statistical measure of how it moves in relation to other equities. 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 CSI Compressco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSI Compressco 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.
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The ability to find closely correlated positions to CSI Compressco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSI Compressco 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 CSI Compressco - 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 CSI Compressco to buy it.

Moving together with CSI Compressco

+0.66SHGShinhan FinancialPairCorr
+0.62WFWoori Finance HoldingsPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CRMMSFT
AF
MRKT
FUBER
XOMF
AUBER
  
High negative correlations   
TUBER
MRKUBER
TTWTR
XOMMRK
XOMT
MRKTWTR

CSI Compressco Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between CSI Compressco Stock performing well and CSI Compressco company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze CSI Compressco's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.34  0.12  0.35  2.69  0.14 (1.60)  4.00 (2.23)  15.22 
MSFT 1.31  0.00  0.00 (0.12)  0.00 (0.021)  0.00  2.43 (2.94)  12.18 
UBER 2.86  0.54  0.15  0.30  3.01  0.13 (2.99)  5.60 (5.13)  25.11 
F 2.27  0.24  0.04  0.00  3.17  0.0422 (2.44)  5.15 (5.04)  18.45 
T 0.97 (0.37)  0.00 (0.69)  0.00 (0.23)  0.00  1.32 (2.33)  9.31 
A 1.57  0.21  0.10  0.05  1.80  0.09 (1.80)  2.87 (3.13)  11.70 
CRM 1.95 (0.06)  0.00 (0.16)  0.00 (0.0493)  0.00  3.63 (3.96)  10.76 
JPM 1.32  0.01  0.00 (0.11)  0.00 (0.007)  0.00  2.53 (2.88)  8.06 
MRK 0.88 (0.05)  0.00 (0.24)  0.00  0.0179  0.00  1.64 (1.87)  4.58 
XOM 1.72  0.11  0.06  0.02  2.06  0.06 (1.85)  3.33 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in CSI Compressco 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.

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CSI Compressco Corporate Directors

CSI Compressco corporate directors refer to members of a CSI Compressco board of directors. The board of directors generally takes responsibility for the CSI Compressco'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 CSI Compressco's board members must vote for the resolution. The CSI Compressco board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
James Larson - Independent Director of Compressco Partners GPProfile
Brady Murphy - Independent Director of Compressco Partners GPProfile
Paul Coombs - Independent Director of Compressco Partners GPProfile
William Sullivan - Independent Director of Compressco Partners GPProfile

Invested in CSI Compressco?

The danger of trading CSI Compressco 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 CSI Compressco 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 CSI Compressco. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CSI Compressco 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.
Continue to Trending Equities. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running CSI Compressco price analysis, check to measure CSI Compressco'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 CSI Compressco is operating at the current time. Most of CSI Compressco's value examination focuses on studying past and present price action to predict the probability of CSI Compressco's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CSI Compressco's price. Additionally, you may evaluate how the addition of CSI Compressco to your portfolios can decrease your overall portfolio volatility.
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Is CSI Compressco'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 CSI Compressco. If investors know CSI Compressco 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 CSI Compressco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CSI Compressco is measured differently than its book value, which is the value of CSI Compressco that is recorded on the company's balance sheet. Investors also form their own opinion of CSI Compressco's value that differs from its market value or its book value, called intrinsic value, which is CSI Compressco'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 CSI Compressco's market value can be influenced by many factors that don't directly affect CSI Compressco'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 CSI Compressco's value and its price as these two are different measures arrived at by different means. Investors typically determine CSI Compressco value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CSI Compressco'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.