CES Energy Correlations
| CESDF Stock | USD 11.91 0.51 4.47% |
The current 90-days correlation between CES Energy Solutions and Aker Solutions ASA is -0.01 (i.e., Good diversification). The correlation of CES 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.
CES Energy Correlation With Market
Poor diversification
The correlation between CES Energy Solutions and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CES Energy Solutions and DJI in the same portfolio, assuming nothing else is changed.
CES |
The ability to find closely correlated positions to CES 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 CES 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 CES 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 CES Energy Solutions to buy it.
Moving together with CES Pink Sheet
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| 0.83 | BFS | Saul Centers | PairCorr |
| 0.83 | CAMZF | Camino Minerals | PairCorr |
| 0.69 | LAND | Gladstone Land | PairCorr |
| 0.75 | AES | AES Aggressive Push | PairCorr |
| 0.69 | BBDO | Banco Bradesco SA | PairCorr |
| 0.79 | INTC | Intel | PairCorr |
| 0.64 | EXAS | EXACT Sciences | PairCorr |
| 0.83 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.62 | JLHL | Julong Holding | PairCorr |
| 0.75 | SHIP | Seanergy Maritime | PairCorr |
| 0.64 | TATT | Tat Techno | PairCorr |
| 0.69 | PNRG | PrimeEnergy | PairCorr |
Moving against CES Pink Sheet
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
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Risk-Adjusted Indicators
There is a big difference between CES Pink Sheet performing well and CES 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 CES 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKRYY | 0.44 | (0.01) | 0.00 | 0.08 | 0.00 | 0.00 | 20.36 | |||
| CIMEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKRTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPKOY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PARXF | 1.79 | 0.22 | 0.07 | 0.67 | 2.26 | 4.02 | 10.02 | |||
| CDDRF | 1.73 | 0.63 | 0.25 | 5.17 | 1.72 | 3.76 | 9.28 | |||
| FRHLF | 1.16 | 0.27 | 0.14 | 1.30 | 1.27 | 2.38 | 6.44 | |||
| TGSNF | 1.86 | 0.23 | 0.03 | 1.01 | 2.87 | 5.69 | 15.50 | |||
| FSHYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TOIPF | 2.36 | 1.23 | 0.00 | (2.06) | 0.00 | 0.00 | 73.33 |
Be your own money manager
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CES Energy Corporate Management
| Vernon Disney | Pres Chemicals | Profile | |
| Richard Baxter | Pres Fluids | Profile | |
| Anthony Aulicino | Chief Officer | Profile | |
| Matthew Bell | Corp Counsel | Profile |