Acorn Energy Correlations

ACFN Stock

USD 19.95 0.19 0.94%

The current 90-days correlation between Acorn Energy Common and Westell Technologies is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acorn Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acorn Energy Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Acorn Energy Correlation With Market

Weak diversification

The correlation between Acorn Energy Common and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acorn Energy Common and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Acorn Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acorn Energy 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 Acorn Energy - 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 Acorn Energy Common to buy it.

Moving together with Acorn OTC Stock

0.79	HD	Home Depot	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Moving against Acorn OTC Stock

0.84	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.79	NFPDF	Nissin Foods Holdings	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.7	KO	Coca Cola Aggressive Push	Pair Corr
0.67	PFE	Pfizer Inc	Pair Corr
0.59	VZ	Verizon Communications	Pair Corr
0.46	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	MMM	3M Company Earnings Call This Week	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.41	FMCB	Farmers Merchants Bancorp Earnings Call This Week	Pair Corr
0.39	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	LUNA	AILE	WSTL	NYWKF	VSQTF	KDCXF	AATC	SILLF	RAASY	EAXR
LUNA		0.0	-0.2	0.32	0.46	-0.69	0.6	0.17	-0.62	0.51	LUNA
AILE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AILE
WSTL	-0.2	0.0		-0.07	-0.31	0.44	-0.28	-0.12	0.32	-0.15	WSTL
NYWKF	0.32	0.0	-0.07		0.1	-0.43	0.55	-0.07	-0.5	0.78	NYWKF
VSQTF	0.46	0.0	-0.31	0.1		-0.63	0.3	-0.23	-0.43	0.3	VSQTF
KDCXF	-0.69	0.0	0.44	-0.43	-0.63		-0.75	-0.14	0.85	-0.61	KDCXF
AATC	0.6	0.0	-0.28	0.55	0.3	-0.75		0.34	-0.84	0.63	AATC
SILLF	0.17	0.0	-0.12	-0.07	-0.23	-0.14	0.34		-0.22	-0.06	SILLF
RAASY	-0.62	0.0	0.32	-0.5	-0.43	0.85	-0.84	-0.22		-0.62	RAASY
EAXR	0.51	0.0	-0.15	0.78	0.3	-0.61	0.63	-0.06	-0.62		EAXR
	LUNA	AILE	WSTL	NYWKF	VSQTF	KDCXF	AATC	SILLF	RAASY	EAXR

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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

RAASY	+ 0.85	KDCXF
EAXR	+ 0.78	NYWKF
EAXR	+ 0.63	AATC
AATC	+ 0.6	LUNA
AATC	+ 0.55	NYWKF
EAXR	+ 0.51	LUNA

High negative correlations

RAASY	- 0.84	AATC
AATC	- 0.75	KDCXF
KDCXF	- 0.69	LUNA
KDCXF	- 0.63	VSQTF
EAXR	- 0.62	RAASY
RAASY	- 0.62	LUNA

Risk-Adjusted Indicators

There is a big difference between Acorn OTC Stock performing well and Acorn Energy OTC Stock 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 Acorn Energy'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
LUNA	5.23	0.37	0.03	0.79	7.31	(7.94)	18.18	(14.29)	47.62
AILE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSTL	2.96	0.04	0.00	0.18	4.03	(3.07)	4.66	(6.60)	19.53
NYWKF	3.12	(0.56)	0.00	(0.25)	0.00	0.00	8.08	(7.55)	24.83
VSQTF	4.18	(0.16)	(0.01)	0.03	4.89	(6.07)	8.00	(6.90)	40.55
KDCXF	1.09	0.58	0.00	(2.01)	0.00	0.00	0.00	0.00	30.43
AATC	1.00	(0.12)	0.00	2.67	0.00	0.00	1.74	(2.68)	10.08
SILLF	1.73	(0.51)	0.00	0.68	0.00	0.00	0.00	0.00	57.64
RAASY	6.06	1.17	0.12	2.37	6.41	(7.85)	20.00	(9.76)	48.89
EAXR	9.37	0.20	0.03	0.14	13.05	(31.98)	33.33	(33.75)	135.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Acorn Energy 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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