ClearSign Combustion Correlations

CLIR Stock

USD 1.22 0.03 2.52%

The current 90-days correlation between ClearSign Combustion and Urban One Class is 0.15 (i.e., Average 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

Significant diversification

The correlation between ClearSign Combustion and DJI is 0.02 (i.e., Significant 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.

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

0.63	HPE	Hewlett Packard Ente	Pair Corr
0.81	IONQ	IONQ Inc	Pair Corr
0.81	KVHI	KVH Industries	Pair Corr
0.68	LITE	Lumentum Holdings Earnings Call This Week	Pair Corr
0.78	NTGR	NETGEAR	Pair Corr
0.7	PSTG	Pure Storage	Pair Corr
0.73	QBTS	D Wave Quantum	Pair Corr
0.77	RDCM	Radcom	Pair Corr
0.72	ANET	Arista Networks	Pair Corr
0.69	CIEN	Ciena Corp	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.83	VCSA	Vacasa Inc	Pair Corr

Moving against ClearSign Stock

0.78	DM	Desktop Metal Tech Boost	Pair Corr
0.76	REFR	Research Frontiers	Pair Corr
0.73	INFN	Infinera	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.37	IMTE	Integrated Media Tec	Pair Corr
0.32	NOK	Nokia Corp ADR	Pair Corr
0.58	GNSS	Genasys	Pair Corr
0.57	INTC	Intel	Pair Corr
0.56	DELL	Dell Technologies	Pair Corr
0.56	S	SentinelOne	Pair Corr
0.52	KNW	Know Labs	Pair Corr
0.52	IPGP	IPG Photonics	Pair Corr
0.47	ARW	Arrow Electronics Earnings Call This Week	Pair Corr
0.42	VECO	Veeco Instruments	Pair Corr
0.34	ANY	Sphere 3D Corp	Pair Corr
0.31	ADI	Analog Devices	Pair Corr

Related Correlations Analysis

	UONEK	BYFC	IPWR	CARV	UONE
UONEK		-0.63	-0.11	-0.28	0.17	UONEK
BYFC	-0.63		0.28	0.26	-0.01	BYFC
IPWR	-0.11	0.28		0.29	-0.12	IPWR
CARV	-0.28	0.26	0.29		0.19	CARV
UONE	0.17	-0.01	-0.12	0.19		UONE
	UONEK	BYFC	IPWR	CARV	UONE

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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

CARV	+ 0.29	IPWR
IPWR	+ 0.28	BYFC
CARV	+ 0.26	BYFC
UONE	+ 0.19	CARV
UONE	+ 0.17	UONEK

High negative correlations

BYFC	- 0.63	UONEK
CARV	- 0.28	UONEK
UONE	- 0.12	IPWR
IPWR	- 0.11	UONEK
UONE	- 0.01	BYFC

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
UONEK	2.77	(0.19)	0.00	(5.47)	0.00	0.00	6.86	(5.00)	17.58
BYFC	2.24	0.27	0.06	9.63	2.80	(2.67)	5.67	(4.30)	20.84
IPWR	3.50	(0.05)	(0.01)	0.05	4.51	(3.79)	9.66	(7.51)	23.56
CARV	1.84	0.01	(0.01)	0.10	2.21	(2.51)	4.29	(2.92)	21.40
UONE	4.19	(0.01)	0.00	0.08	5.55	(4.58)	9.27	(9.37)	32.67

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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