Astra Energy Correlations
| ASRE Stock | USD 0.11 0.01 10.11% |
The current 90-days correlation between Astra Energy and Constellation Energy Corp is 0.21 (i.e., Modest diversification). The correlation of Astra Energy 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.
Astra Energy Correlation With Market
Significant diversification
The correlation between Astra Energy and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astra Energy and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Astra 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 Astra 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 Astra 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 Astra Energy to buy it.
Moving together with Astra OTC Stock
| 0.69 | OEZVY | Verbund AG ADR | PairCorr |
| 0.79 | DNNGY | Orsted AS ADR Downward Rally | PairCorr |
| 0.77 | DOGEF | Orsted AS | PairCorr |
| 0.69 | CZAVF | CEZ A S | PairCorr |
| 0.85 | EDRVF | EDP Renovaveis | PairCorr |
| 0.82 | SHG | Shinhan Financial | PairCorr |
| 0.79 | WF | Woori Financial Group | PairCorr |
| 0.77 | KB | KB Financial Group | PairCorr |
| 0.77 | BCH | Banco De Chile | PairCorr |
| 0.67 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.85 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.73 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Astra OTC Stock
| 0.8 | FNMFO | Federal National Mortgage | PairCorr |
| 0.62 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.53 | OPFI | OppFi Inc | PairCorr |
| 0.39 | AVAL | Grupo Aval | PairCorr |
| 0.75 | WMT | Walmart | PairCorr |
| 0.69 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.66 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.62 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.56 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.55 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.48 | BAC | Bank of America | PairCorr |
| 0.44 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.27 | 0.0 | 0.02 | -0.01 | 0.16 | -0.59 | CEG | ||
| 0.27 | 0.0 | 0.77 | 0.76 | 0.75 | 0.24 | OEZVY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | OEZVF | ||
| 0.02 | 0.77 | 0.0 | 0.99 | 0.94 | 0.59 | DNNGY | ||
| -0.01 | 0.76 | 0.0 | 0.99 | 0.91 | 0.6 | DOGEF | ||
| 0.16 | 0.75 | 0.0 | 0.94 | 0.91 | 0.46 | EDRVF | ||
| -0.59 | 0.24 | 0.0 | 0.59 | 0.6 | 0.46 | CLPXY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Astra OTC Stock performing well and Astra 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 Astra 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CEG | 2.70 | 0.32 | 0.08 | 1.66 | 3.23 | 6.97 | 33.66 | |||
| OEZVY | 2.13 | (0.06) | 0.00 | 0.37 | 0.00 | 7.40 | 21.89 | |||
| OEZVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DNNGY | 2.02 | (0.71) | 0.00 | (1.28) | 0.00 | 3.33 | 17.95 | |||
| DOGEF | 2.60 | (0.64) | 0.00 | (2.53) | 0.00 | 5.65 | 23.11 | |||
| EDRVF | 1.69 | (0.76) | 0.00 | (2.80) | 0.00 | 2.60 | 16.38 | |||
| CLPXY | 1.82 | (0.25) | 0.00 | (0.78) | 0.00 | 3.15 | 11.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Astra 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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Astra Energy Corporate Management
Elected by the shareholders, the Astra Energy's board of directors comprises two types of representatives: Astra Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Astra. The board's role is to monitor Astra Energy's management team and ensure that shareholders' interests are well served. Astra 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, Astra Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CPA CPA | Chief Officer | Profile | |
| Kermit Harris | Pres Director | Profile | |
| Douglas Hampton | CEO Inc | Profile | |
| Robert Saunders | Chief Officer | Profile | |
| Kristina Miller | Chief Advisor | Profile | |
| Heidi Thomasen | Co Officer | Profile | |
| Lisa Kowan | Co Sec | Profile |