Applied Energetics Correlations

AERG Stock

USD 1.92 0.03 1.59%

The current 90-days correlation between Applied Energetics and XP Power Limited is -0.07 (i.e., Good diversification). The correlation of Applied Energetics 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.

Applied Energetics Correlation With Market

Average diversification

The correlation between Applied Energetics and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Energetics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Applied OTC Stock

0.68	RGC	Regencell Bioscience	Pair Corr
0.64	AVTBF	Avant Brands	Pair Corr
0.67	26442TAG2	US26442TAG22	Pair Corr

Moving against Applied OTC Stock

0.73	STAG	STAG Industrial	Pair Corr
0.72	PBCRY	Bank Central Asia	Pair Corr
0.68	SMGKF	Smiths Group plc	Pair Corr
0.59	PBCRF	PT Bank Central	Pair Corr
0.54	CYPS	Cyclo3pss	Pair Corr
0.53	BKRKF	PT Bank Rakyat	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.41	EGP	EastGroup Properties	Pair Corr
0.36	PPERY	Bank Mandiri Persero	Pair Corr
0.36	KYOCF	Kyocera	Pair Corr
0.73	ADC	Agree Realty	Pair Corr
0.73	EFTR	Effector Therapeutics	Pair Corr
0.58	CHACR	Crane Harbor Acquisition	Pair Corr
0.45	68233JBP8	US68233JBP84	Pair Corr
0.4	REGN	Regeneron Pharmaceuticals	Pair Corr
0.39	ARRXF	Archer Materials	Pair Corr
0.38	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.38	AKAM	Akamai Technologies	Pair Corr
0.37	RLMD	Relmada Therapeutics	Pair Corr
0.33	DNLMY	Dunelm Group PLC	Pair Corr

Related Correlations Analysis

	XPPLF	SEIGY	GRPRF	ENJPY	SREMF	NLLSY	ABHBY	NOKFF	NLLSF	HBGRF
XPPLF		-0.64	-0.52	0.0	-0.74	0.38	0.0	0.0	0.41	-0.55	XPPLF
SEIGY	-0.64		0.3	0.0	0.34	-0.26	0.0	0.0	-0.33	0.24	SEIGY
GRPRF	-0.52	0.3		0.0	0.53	-0.25	0.0	0.0	-0.23	0.84	GRPRF
ENJPY	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	ENJPY
SREMF	-0.74	0.34	0.53	0.0		-0.16	0.0	0.0	-0.32	0.59	SREMF
NLLSY	0.38	-0.26	-0.25	0.0	-0.16		0.0	0.0	0.26	-0.24	NLLSY
ABHBY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ABHBY
NOKFF	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	NOKFF
NLLSF	0.41	-0.33	-0.23	0.0	-0.32	0.26	0.0	0.0		-0.23	NLLSF
HBGRF	-0.55	0.24	0.84	0.0	0.59	-0.24	0.0	0.0	-0.23		HBGRF
	XPPLF	SEIGY	GRPRF	ENJPY	SREMF	NLLSY	ABHBY	NOKFF	NLLSF	HBGRF

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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

NOKFF	+ 1.0	ENJPY
HBGRF	+ 0.84	GRPRF
HBGRF	+ 0.59	SREMF
SREMF	+ 0.53	GRPRF
NLLSF	+ 0.41	XPPLF
NLLSY	+ 0.38	XPPLF

High negative correlations

SREMF	- 0.74	XPPLF
SEIGY	- 0.64	XPPLF
HBGRF	- 0.55	XPPLF
GRPRF	- 0.52	XPPLF
NLLSF	- 0.33	SEIGY
NLLSF	- 0.32	SREMF

Risk-Adjusted Indicators

There is a big difference between Applied OTC Stock performing well and Applied Energetics 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 Applied Energetics' 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
XPPLF	0.51	(0.11)	0.00	(0.31)	0.00	0.00	0.00	(0.88)	17.69
SEIGY	0.96	(0.17)	0.00	(0.06)	0.00	0.00	4.20	0.00	29.14
GRPRF	0.05	0.01	0.00	3.94	0.00	0.00	0.00	0.00	1.45
ENJPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SREMF	5.88	0.94	0.11	(2.55)	6.88	(6.79)	13.57	(11.64)	38.39
NLLSY	1.36	(0.08)	0.00	1.03	0.00	0.00	2.96	(3.97)	27.75
ABHBY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NLLSF	3.22	0.05	0.00	0.24	3.68	(4.92)	4.76	(8.00)	17.42
HBGRF	0.58	0.33	0.00	(0.44)	0.00	0.00	0.00	0.00	18.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Applied Energetics 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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Applied Energetics Corporate Management

Elected by the shareholders, the Applied Energetics' board of directors comprises two types of representatives: Applied Energetics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Energetics' management team and ensure that shareholders' interests are well served. Applied Energetics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Energetics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Mary OHara	Chief Counsel	Profile
Madelyn Nichols	Head HR	Profile
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Christopher Donaghey	Chief Officer	Profile
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Patrick Williams	VP Sector	Profile

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