Cellebrite Correlations

CLBT
 Stock
  

USD 4.14  0.09  2.22%   

The correlation of Cellebrite 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 Cellebrite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cellebrite Di 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 Cellebrite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cellebrite 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 Cellebrite - 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 Cellebrite Di to buy it.

Moving together with Cellebrite

+0.69ADBEAdobe Systems Fiscal Year End 15th of December 2022 PairCorr
+0.62ADYEYAdyen NV ADRPairCorr

Moving against Cellebrite

-0.78PPERYPt Bk MandiriPairCorr
-0.77PPERFBank Mandiri PerseroPairCorr
-0.74PBCRFBANK CENTRAL ASIAPairCorr
-0.7PBCRYPt Bnk CentPairCorr
-0.64PTAIFPT Astra InternationalPairCorr
-0.59BKRKYPt Bank RakyatPairCorr
-0.52RUNSunrun IncPairCorr

Related Correlations

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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   
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CRMMSFT
MRKT
FUBER
XOMF
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High negative correlations   

Cellebrite Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Cellebrite Stock performing well and Cellebrite 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 Cellebrite'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 1.63  0.22  0.08  0.17  2.79  0.09 (1.54)  4.00 (2.55)  15.22 
MSFT 1.31 (0.02)  0.00 (0.14)  0.00 (0.0324)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.49  0.14  0.26  2.91  0.12 (3.11)  5.60 (4.70)  25.11 
F 2.17  0.25  0.05  0.01  3.03  0.0484 (2.34)  5.18 (3.74)  18.47 
T 0.98 (0.36)  0.00 (0.67)  0.00 (0.22)  0.00  1.55 (2.33)  9.29 
A 1.58  0.18  0.07  0.01  1.87  0.07 (1.76)  2.87 (3.13)  11.70 
CRM 1.99 (0.12)  0.00 (0.20)  0.00 (0.08)  0.00  3.63 (4.55)  10.76 
JPM 1.27 (0.01)  0.00 (0.13)  0.00 (0.0187)  0.00  2.53 (2.88)  8.06 
MRK 0.92 (0.07)  0.00 (0.28)  0.00 (0.0034)  0.00  1.64 (2.13)  4.57 
XOM 1.76  0.08  0.05 (0.01)  2.18  0.05 (1.82)  3.19 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cellebrite 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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Invested in Cellebrite Di?

The danger of trading Cellebrite Di 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 Cellebrite 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 Cellebrite. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cellebrite Di 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. Note that the Cellebrite Di information on this page should be used as a complementary analysis to other Cellebrite'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Cellebrite Stock analysis

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