CBAK Energy Correlations
| CBAT Stock | USD 0.81 0.01 1.25% |
The current 90-days correlation between CBAK Energy Technology and Metalpha Technology Holding is 0.04 (i.e., Significant diversification). The correlation of CBAK 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. If the correlation is 0, the equities are not correlated; they are entirely random.
CBAK Energy Correlation With Market
Excellent diversification
The correlation between CBAK Energy Technology and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBAK Energy Technology and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CBAK Stock
| 0.67 | RAIN | Rain Enhancement Tec | PairCorr |
| 0.74 | SUNE | SUNation Energy Tech Boost | PairCorr |
| 0.79 | PBCRY | Bank Central Asia | PairCorr |
Moving against CBAK Stock
| 0.83 | ESP | Espey Mfg Electronics | PairCorr |
| 0.75 | THR | Thermon Group Holdings | PairCorr |
| 0.7 | POWL | Powell Industries Earnings Call This Week | PairCorr |
| 0.68 | PLPC | Preformed Line Products | PairCorr |
| 0.61 | NXT | Nextracker Class A | PairCorr |
| 0.53 | NVT | nVent Electric PLC | PairCorr |
| 0.37 | NRGV | Energy Vault Holdings | PairCorr |
| 0.64 | NEWTH | NewtekOne 8625 percent | PairCorr |
| 0.39 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.35 | MAT | Mattel Inc Earnings Call This Week | PairCorr |
| 0.34 | ULBI | Ultralife | PairCorr |
| 0.85 | APETF | Alpha Esports Tech | PairCorr |
| 0.82 | YLLXF | Yellow Cake plc | 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 CBAK Stock performing well and CBAK 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 CBAK 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MATH | 3.91 | (0.99) | 0.00 | 19.77 | 0.00 | 7.94 | 27.24 | |||
| SNT | 3.33 | (0.29) | 0.00 | (0.63) | 0.00 | 7.06 | 27.00 | |||
| OPXS | 2.88 | (0.28) | 0.00 | (0.14) | 0.00 | 5.44 | 19.02 | |||
| IRS | 1.89 | 0.18 | 0.07 | 0.32 | 2.08 | 3.85 | 11.72 | |||
| MVST | 3.38 | (1.21) | 0.00 | (0.54) | 0.00 | 6.02 | 18.37 | |||
| OPTT | 6.09 | 0.08 | 0.03 | 0.10 | 6.86 | 22.81 | 38.97 | |||
| EML | 1.99 | (0.19) | 0.00 | (0.10) | 0.00 | 4.67 | 10.55 | |||
| HURC | 1.55 | (0.06) | (0.03) | 0.01 | 2.11 | 3.18 | 11.27 |
CBAK Energy Corporate Management
| Guosheng Wang | Consultant | Profile | |
| Jiewei Thierry | Investor Officer | Profile | |
| Yongbin Han | CFO Investments | Profile | |
| Xiujun Tian | Deputy Engineer | Profile |