ClearSign Combustion Correlations

CLIR Stock

USD 0.70 0.02 2.78%

The current 90-days correlation between ClearSign Combustion and Flux Power Holdings is 0.08 (i.e., Significant diversification). The correlation of ClearSign Combustion 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.

ClearSign Combustion Correlation With Market

Excellent diversification

The correlation between ClearSign Combustion and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ClearSign Combustion and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ClearSign Stock

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

To learn how to invest in ClearSign Stock, please use our How to Invest in ClearSign Combustion guide.

Moving together with ClearSign Stock

0.66	300333	Sinosun Tech	Pair Corr
0.73	300184	Wuhan PS Information	Pair Corr
0.66	IMTE	Integrated Media Tec	Pair Corr
0.7	LINK	Interlink Electronics	Pair Corr
0.62	MITQ	Moving iMage Technologies	Pair Corr
0.78	600082	Tianjin Hi Tech	Pair Corr
0.7	AMO	Ambertech	Pair Corr

Moving against ClearSign Stock

0.64	301123	YiDong Electronics	Pair Corr
0.59	601231	Universal Scientific	Pair Corr
0.54	FEIM	Frequency Electronics	Pair Corr
0.5	300939	Shenzhen AV Display	Pair Corr
0.38	301321	Highbroad Advanced	Pair Corr
0.6	002036	LianChuang Electronic	Pair Corr
0.55	000829	Telling Telecommunicatio	Pair Corr
0.53	301282	Camelot Electronics	Pair Corr
0.51	600707	Caihong Display Devices	Pair Corr
0.44	300076	Ningbo GQY Video	Pair Corr
0.43	SRH	Saferoads Holdings	Pair Corr
0.4	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	688020	Guangzhou Fangbang	Pair Corr
0.38	002268	Westone Information	Pair Corr
0.35	RELL	Richardson Electronics	Pair Corr

Related Correlations Analysis

	FLUX	HTLM	AP	IPWR	SIF	XOS	BRIA	SPCB	GPUS	TPCS
FLUX		0.51	-0.47	0.78	0.48	0.79	0.52	0.66	0.7	0.11	FLUX
HTLM	0.51		-0.9	0.56	0.59	0.59	0.18	0.63	0.34	-0.57	HTLM
AP	-0.47	-0.9		-0.65	-0.64	-0.68	-0.3	-0.64	-0.46	0.59	AP
IPWR	0.78	0.56	-0.65		0.73	0.9	0.64	0.76	0.79	-0.14	IPWR
SIF	0.48	0.59	-0.64	0.73		0.73	0.45	0.65	0.52	-0.41	SIF
XOS	0.79	0.59	-0.68	0.9	0.73		0.75	0.68	0.77	-0.15	XOS
BRIA	0.52	0.18	-0.3	0.64	0.45	0.75		0.25	0.6	0.03	BRIA
SPCB	0.66	0.63	-0.64	0.76	0.65	0.68	0.25		0.6	-0.13	SPCB
GPUS	0.7	0.34	-0.46	0.79	0.52	0.77	0.6	0.6		0.13	GPUS
TPCS	0.11	-0.57	0.59	-0.14	-0.41	-0.15	0.03	-0.13	0.13		TPCS
	FLUX	HTLM	AP	IPWR	SIF	XOS	BRIA	SPCB	GPUS	TPCS

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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

XOS	+ 0.9	IPWR
XOS	+ 0.79	FLUX
GPUS	+ 0.79	IPWR
IPWR	+ 0.78	FLUX
GPUS	+ 0.77	XOS
SPCB	+ 0.76	IPWR

High negative correlations

AP	- 0.9	HTLM
XOS	- 0.68	AP
IPWR	- 0.65	AP
SPCB	- 0.64	AP
SIF	- 0.64	AP
TPCS	- 0.57	HTLM

Risk-Adjusted Indicators

There is a big difference between ClearSign Stock performing well and ClearSign Combustion 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 ClearSign Combustion'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
FLUX	5.58	(2.02)	0.00	(0.68)	0.00	0.00	9.87	(16.54)	42.84
HTLM	3.86	(0.45)	0.00	5.45	0.00	0.00	7.34	(9.35)	26.61
AP	4.63	1.70	0.43	(3.28)	2.80	(5.81)	12.36	(5.26)	22.67
IPWR	4.38	(0.32)	0.00	1.57	0.00	0.00	9.50	(8.85)	36.33
SIF	2.65	(0.07)	0.00	(0.07)	0.00	0.00	5.96	(5.38)	19.66
XOS	2.60	(0.34)	0.00	(0.82)	0.00	0.00	4.55	(6.10)	12.44
BRIA	1.75	(0.06)	0.00	(0.08)	0.00	0.00	3.89	(3.55)	10.52
SPCB	3.34	(0.22)	0.00	(4.44)	0.00	0.00	6.59	(6.72)	23.83
GPUS	7.37	(0.49)	0.00	(0.07)	0.00	0.00	19.05	(11.76)	62.50
TPCS	2.63	0.00	(0.01)	0.07	3.20	(2.77)	6.62	(5.35)	16.72

ClearSign Combustion Corporate Management

Matthew Martin	Chief Officer	Profile
Manuel III	Pres Limited	Profile
Louis Basenese	Vice Communications	Profile
Brent Hinds	Controller, Fin	Profile

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