CurrentC Power Correlations

AECX Stock

0.02 0.02 45.80%

The current 90-days correlation between CurrentC Power and Universal Electronics is -0.13 (i.e., Good diversification). The correlation of CurrentC Power 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CurrentC Power Correlation With Market

Average diversification

The correlation between CurrentC Power and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CurrentC Power and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CurrentC Pink Sheet

0.61	NVDA	NVIDIA	Pair Corr
0.61	AMZN	Amazon Inc	Pair Corr
0.68	GOOG	Alphabet Class C	Pair Corr

Moving against CurrentC Pink Sheet

0.68	BRK-A	Berkshire Hathaway	Pair Corr
0.68	CVS	CVS Health Corp	Pair Corr
0.67	AMGN	Amgen Inc	Pair Corr
0.66	WPM	Wheaton Precious Metals	Pair Corr
0.66	SGU	Star Gas Partners	Pair Corr
0.65	BABA	Alibaba Group Holding	Pair Corr
0.59	BLAGF	Blue Lagoon Resources	Pair Corr
0.58	WM	Waste Management	Pair Corr
0.54	BTG	B2Gold Corp	Pair Corr
0.52	DX	Dynex Capital	Pair Corr
0.48	WSR	Whitestone REIT	Pair Corr
0.45	BMYMP	Bristol Myers Squibb	Pair Corr
0.44	MOH	Molina Healthcare	Pair Corr
0.42	GRRR	Gorilla Technology Buyout Trend	Pair Corr
0.42	594918BM5	MICROSOFT P 475	Pair Corr
0.38	674599CL7	OCCIDENTAL PETE P	Pair Corr
0.38	AGNC	AGNC Investment Corp	Pair Corr
0.36	023135CC8	AMAZONCOM INC	Pair Corr
0.71	NSRGF	Nestle SA	Pair Corr
0.68	BRK-B	Berkshire Hathaway	Pair Corr
0.67	TSN	Tyson Foods	Pair Corr
0.64	031162CW8	AMGEN INC	Pair Corr
0.64	BYDDY	BYD Co	Pair Corr
0.64	GEL	Genesis Energy LP	Pair Corr
0.64	AEM	Agnico Eagle Mines	Pair Corr
0.63	NSP	Insperity	Pair Corr

Related Correlations Analysis

	UEIC	VOXX	SONY	TCLHF	AAPL	XIACY	LPL	SHCAF	CSIOY	XIACF
UEIC		-0.88	-0.68	-0.82	0.63	-0.73	0.34	-0.79	-0.06	-0.73	UEIC
VOXX	-0.88		0.82	0.79	-0.4	0.8	-0.03	0.87	0.17	0.8	VOXX
SONY	-0.68	0.82		0.71	-0.05	0.9	0.3	0.81	0.37	0.9	SONY
TCLHF	-0.82	0.79	0.71		-0.47	0.62	-0.25	0.68	0.09	0.62	TCLHF
AAPL	0.63	-0.4	-0.05	-0.47		-0.17	0.69	-0.28	0.14	-0.17	AAPL
XIACY	-0.73	0.8	0.9	0.62	-0.17		0.28	0.84	0.48	1.0	XIACY
LPL	0.34	-0.03	0.3	-0.25	0.69	0.28		0.07	0.56	0.27	LPL
SHCAF	-0.79	0.87	0.81	0.68	-0.28	0.84	0.07		0.25	0.84	SHCAF
CSIOY	-0.06	0.17	0.37	0.09	0.14	0.48	0.56	0.25		0.48	CSIOY
XIACF	-0.73	0.8	0.9	0.62	-0.17	1.0	0.27	0.84	0.48		XIACF
	UEIC	VOXX	SONY	TCLHF	AAPL	XIACY	LPL	SHCAF	CSIOY	XIACF

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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

XIACF	+ 1.0	XIACY
XIACY	+ 0.9	SONY
XIACF	+ 0.9	SONY
SHCAF	+ 0.87	VOXX
SHCAF	+ 0.84	XIACY
XIACF	+ 0.84	SHCAF

High negative correlations

VOXX	- 0.88	UEIC
TCLHF	- 0.82	UEIC
SHCAF	- 0.79	UEIC
XIACF	- 0.73	UEIC
XIACY	- 0.73	UEIC
SONY	- 0.68	UEIC

Risk-Adjusted Indicators

There is a big difference between CurrentC Pink Sheet performing well and CurrentC Power 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 CurrentC Power'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
UEIC	2.39	(0.76)	0.00	(0.58)	0.00	0.00	4.33	(5.58)	22.90
VOXX	0.19	0.03	0.55	(4.82)	0.11	(0.28)	0.55	(0.41)	1.77
SONY	1.55	0.24	0.08	0.01	2.36	(1.45)	3.22	(2.66)	12.23
TCLHF	2.33	0.42	0.10	1.02	2.55	(5.18)	6.98	(6.10)	29.31
AAPL	1.65	(0.23)	0.00	(0.34)	0.00	0.00	2.10	(4.04)	12.90
XIACY	3.52	0.28	0.08	0.32	4.46	(3.61)	7.68	(6.53)	16.63
LPL	1.56	(0.04)	0.00	(0.23)	0.00	0.00	2.51	(4.21)	11.88
SHCAF	0.21	0.09	0.00	(1.53)	0.00	0.00	0.00	0.00	7.18
CSIOY	1.92	(0.10)	0.00	(0.32)	0.00	0.00	4.29	(4.61)	14.74
XIACF	3.51	0.25	0.07	0.35	4.71	(3.40)	6.55	(6.99)	17.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in CurrentC Power 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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CurrentC Power Corporate Management

Dietmar Haas	Chief Office	Profile
Victor III	Former Marketing	Profile
John Bay	Pres CEO	Profile
Richard Perine	Chief Officer	Profile

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