Active Energy Correlations
| ATGVF Stock | USD 0 0.00 0.00% |
The correlation of Active 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.
Active Energy Correlation With Market
Significant diversification
The correlation between Active Energy Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active Energy Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Active 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 Active 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 Active 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 Active Energy Group to buy it.
Moving against Active Pink Sheet
| 0.51 | CCVTF | China Conch Venture | PairCorr |
| 0.5 | KTWIY | Kurita Water Industries | PairCorr |
| 0.41 | UMICY | Umicore SA ADR | PairCorr |
| 0.36 | UMICF | Umicore SA | PairCorr |
| 0.76 | HMDCF | HUTCHMED Limited | PairCorr |
| 0.63 | AMD | Advanced Micro Devices Sell-off Trend | PairCorr |
| 0.62 | FEMY | Femasys | PairCorr |
| 0.61 | EGP | EastGroup Properties | PairCorr |
| 0.47 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.45 | CSCO | Cisco Systems | PairCorr |
| 0.39 | TGS | Transportadora de Gas | PairCorr |
| 0.51 | ATRO | Astronics | PairCorr |
| 0.46 | ADC | Agree Realty | PairCorr |
| 0.41 | TORO | Toro | PairCorr |
| 0.41 | PNW | Pinnacle West Capital | PairCorr |
| 0.37 | NYMXF | Nymox Pharmaceutical | PairCorr |
| 0.35 | DGWR | Critic Clothing | 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 Active Pink Sheet performing well and Active 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 Active 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ECPL | 5.10 | (0.27) | 0.00 | 0.26 | 0.00 | 22.22 | 75.18 | |||
| OPMG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BLPG | 12.33 | 1.92 | 0.07 | (0.60) | 13.10 | 35.79 | 115.64 | |||
| TNKE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WCCP | 1.50 | 0.10 | 0.00 | 0.16 | 0.00 | 0.00 | 25.00 | |||
| WDHR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDEX | 3.48 | 0.70 | 0.00 | 0.44 | 0.00 | 0.00 | 126.67 | |||
| MTPR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTSL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Active Energy Corporate Management
| Dan Shaw | Director Devel | Profile | |
| Roy Booth | Technical Director | Profile | |
| Michelle Fagan | Interim Officer | Profile | |
| Oles Kopets | Managing Ukraine | Profile | |
| T Rowan | CEO Director | Profile | |
| Michael Bolwell | Group Controller | Profile |