Clean Energy Correlations

CETY Stock

USD 0.75 0.05 7.14%

The correlation of Clean 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.

Clean Energy Correlation With Market

Average diversification

The correlation between Clean Energy Technologies, 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 Clean Energy Technologies, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Technologies,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Clean Stock

0.74

Richtech Robotics Class

Pair Corr

Moving against Clean Stock

0.83	B	Barnes Group	Pair Corr
0.79	ATS	ATS Corporation	Pair Corr
0.77	ETN	Eaton PLC Sell-off Trend	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr
0.71	CMI	Cummins	Pair Corr
0.68	IR	Ingersoll Rand	Pair Corr
0.61	PH	Parker Hannifin Sell-off Trend	Pair Corr
0.59	DCI	Donaldson Earnings Call This Week	Pair Corr
0.59	DOV	Dover	Pair Corr
0.57	EPAC	Enerpac Tool Group	Pair Corr
0.55	EMR	Emerson Electric	Pair Corr
0.47	CR	Crane Company	Pair Corr
0.42	AME	Ametek Inc Sell-off Trend	Pair Corr
0.31	FELE	Franklin Electric	Pair Corr
0.81	NNE	Nano Nuclear Energy	Pair Corr
0.8	MIR	Mirion Technologies	Pair Corr
0.78	SMR	Nuscale Power Corp	Pair Corr
0.77	PNR	Pentair PLC	Pair Corr
0.73	JBT	John Bean Technologies	Pair Corr
0.68	FLS	Flowserve	Pair Corr
0.64	ITT	ITT Inc	Pair Corr
0.61	ITW	Illinois Tool Works	Pair Corr
0.61	RRX	Regal Beloit	Pair Corr
0.59	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.59	ROK	Rockwell Automation	Pair Corr
0.49	IEX	IDEX	Pair Corr
0.44	SXI	Standex International	Pair Corr
0.42	GGG	Graco Inc	Pair Corr
0.42	KAI	Kadant Inc	Pair Corr
0.38	GHM	Graham	Pair Corr
0.37	XMTR	Xometry	Pair Corr
0.34	GRC	Gorman Rupp	Pair Corr
0.76	HURC	Hurco Companies	Pair Corr
0.75	SYM	Symbotic	Pair Corr

Related Correlations Analysis

	UCLE	PURA	RXMD	SWRM	SNPW
UCLE		0.0	0.29	-0.04	-0.21	UCLE
PURA	0.0		0.0	0.0	0.0	PURA
RXMD	0.29	0.0		0.19	0.1	RXMD
SWRM	-0.04	0.0	0.19		-0.04	SWRM
SNPW	-0.21	0.0	0.1	-0.04		SNPW
	UCLE	PURA	RXMD	SWRM	SNPW

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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

RXMD	+ 0.29	UCLE
SWRM	+ 0.19	RXMD
SNPW	+ 0.1	RXMD
PURA	+ 0.0	UCLE
RXMD	+ 0.0	PURA
SWRM	+ 0.0	PURA

High negative correlations

SNPW	- 0.21	UCLE
SNPW	- 0.04	SWRM
SWRM	- 0.04	UCLE
SNPW	- 0.0	PURA
SWRM	- 0.0	PURA
RXMD	- 0.0	PURA

Risk-Adjusted Indicators

There is a big difference between Clean Stock performing well and Clean 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 Clean 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
UCLE	48.53	27.21	0.92	(1.80)	15.55	(91.57)	77.78	(30.77)	1,230
PURA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RXMD	6.42	0.79	0.07	0.70	8.81	(8.23)	16.56	(13.75)	69.53
SWRM	5.94	0.96	0.00	2.95	0.00	0.00	50.00	(33.33)	83.33
SNPW	4.82	1.01	0.06	2.02	6.39	(11.00)	18.33	(12.50)	70.72

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