ACT Energy Correlations
| ACX Stock | 6.17 0.08 1.31% |
The current 90-days correlation between ACT Energy Technologies and Source Energy Services is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ACT Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACT Energy Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ACT Energy Correlation With Market
Very weak diversification
The correlation between ACT Energy Technologies and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACT Energy Technologies and DJI in the same portfolio, assuming nothing else is changed.
ACT |
The ability to find closely correlated positions to ACT 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 ACT 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 ACT 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 ACT Energy Technologies to buy it.
Moving together with ACT Stock
| 0.75 | PD | Precision Drilling | PairCorr |
| 0.83 | ESI | Ensign Energy Services | PairCorr |
| 0.85 | PHX | PHX Energy Services | PairCorr |
| 0.81 | WRG | Western Energy Services | PairCorr |
| 0.7 | AKT-A | AKITA Drilling | PairCorr |
| 0.79 | WMT | Walmart Inc CDR Earnings Call This Week | PairCorr |
| 0.8 | BBB | Brixton Metals | PairCorr |
| 0.62 | CU | Canadian Utilities | PairCorr |
| 0.62 | TMG | Thermal Energy Inter | PairCorr |
| 0.74 | PWF-PA | Power Financial Corp | PairCorr |
| 0.61 | WAST | Waste Management CDR | PairCorr |
| 0.82 | TVE | Tamarack Valley Energy | PairCorr |
| 0.68 | ONAU | OnGold Resources | PairCorr |
| 0.73 | EXE | Extendicare | PairCorr |
| 0.73 | DAN | Arianne Phosphate | PairCorr |
Moving against ACT Stock
| 0.74 | MSFT | Microsoft CDR | PairCorr |
| 0.74 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.42 | AMZN | Amazon CDR | PairCorr |
| 0.42 | AMZN | Amazon CDR | PairCorr |
| 0.31 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
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 ACT Stock performing well and ACT Energy 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 ACT 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHLE | 2.38 | 0.66 | 0.23 | 0.84 | 2.33 | 5.56 | 16.97 | |||
| GTE | 3.24 | 0.42 | 0.07 | (2.56) | 4.62 | 5.96 | 22.05 | |||
| HME | 1.29 | 0.06 | (0.01) | (0.10) | 2.01 | 3.08 | 12.33 | |||
| PSD | 1.60 | 0.43 | 0.24 | 7.32 | 1.13 | 3.63 | 12.36 | |||
| AEC | 5.02 | 0.08 | 0.01 | 0.20 | 6.06 | 12.87 | 33.45 | |||
| RECO | 4.95 | 1.09 | 0.18 | 0.75 | 4.76 | 13.79 | 51.23 | |||
| KEI | 2.02 | (0.18) | 0.00 | (4.82) | 0.00 | 4.41 | 10.68 | |||
| AKT-A | 1.99 | 0.30 | 0.10 | 0.74 | 2.25 | 5.03 | 11.90 | |||
| SEI | 3.15 | (0.13) | 0.00 | (0.10) | 0.00 | 6.82 | 32.08 | |||
| MGA | 4.63 | 0.73 | 0.12 | 1.19 | 4.84 | 10.53 | 36.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ACT 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.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
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ACT Energy Corporate Management
Elected by the shareholders, the ACT Energy's board of directors comprises two types of representatives: ACT Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ACT. The board's role is to monitor ACT Energy's management team and ensure that shareholders' interests are well served. ACT Energy'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, ACT Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Hearn | Senior Development | Profile | |
| Suzanne Davies | Vice Secretary | Profile | |
| Scott MacFarlane | Interim Officer | Profile | |
| BJ Weber | Senior Technology | Profile |