ClearSign Combustion Correlations

CLIR Stock  USD 0.57  0.01  1.79%   
The current 90-days correlation between ClearSign Combustion and Flux Power Holdings is 0.12 (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

Average diversification

The correlation between ClearSign Combustion and DJI is 0.12 (i.e., Average 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.

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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

XOSIPWR
XOSFLUX
GPUSXOS
IPWRFLUX
SPCBIPWR
GPUSSPCB
  

High negative correlations

APHTLM
XOSAP
IPWRAP
GPUSAP
BRIAAP
SIFAP

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FLUX  6.35 (1.71) 0.00 (0.57) 0.00 
 9.87 
 50.24 
HTLM  3.76 (0.22) 0.00  0.45  0.00 
 7.30 
 26.61 
AP  4.17  1.42  0.35 (3.70) 2.92 
 12.36 
 19.71 
IPWR  4.08 (0.78) 0.00 (0.23) 0.00 
 8.68 
 37.85 
SIF  2.67 (0.36) 0.00 (0.30) 0.00 
 4.40 
 19.66 
XOS  2.57 (0.72) 0.00 (0.27) 0.00 
 3.32 
 12.05 
BRIA  1.79 (0.48) 0.00 (0.91) 0.00 
 3.14 
 10.26 
SPCB  3.37 (0.29) 0.00 (0.08) 0.00 
 5.72 
 23.83 
GPUS  7.32 (1.18) 0.00 (0.13) 0.00 
 19.05 
 43.18 
TPCS  2.77 (0.20) 0.00 (0.12) 0.00 
 6.62 
 16.72 

ClearSign Combustion Corporate Management

Matthew MartinChief OfficerProfile
Manuel IIIPres LimitedProfile
Louis BaseneseVice CommunicationsProfile
Brent HindsController, FinProfile