Euro Tech Correlations

CLWT Stock

USD 1.43 0.02 1.38%

The current 90-days correlation between Euro Tech Holdings and LiqTech International is 0.05 (i.e., Significant diversification). The correlation of Euro Tech 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.

Euro Tech Correlation With Market

Significant diversification

The correlation between Euro Tech Holdings and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euro Tech Holdings 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 Euro Tech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Euro Stock

0.64	LIQT	LiqTech International	Pair Corr
0.75	CP	Canadian Pacific Railway	Pair Corr
0.62	FA	First Advantage Corp	Pair Corr
0.71	GP	GreenPower Motor	Pair Corr

Moving against Euro Stock

0.7	PFFVF	Pfeiffer Vacuum Tech	Pair Corr
0.64	ARQ	Arq Inc Symbol Change	Pair Corr
0.64	G	Genpact Limited	Pair Corr
0.58	R	Ryder System	Pair Corr
0.57	ATMU	Atmus Filtration Tec	Pair Corr
0.47	B	Barnes Group	Pair Corr
0.46	ZWS	Zurn Elkay Water	Pair Corr
0.46	J	Jacobs Solutions	Pair Corr
0.44	PCTTU	Purecycle Technologies	Pair Corr
0.4	PCTTW	PureCycle Technologies	Pair Corr
0.36	PCT	Purecycle Technologies	Pair Corr
0.73	AZ	A2Z Smart Technologies	Pair Corr
0.64	CR	Crane Company	Pair Corr
0.64	HI	Hillenbrand	Pair Corr
0.63	BR	Broadridge Financial	Pair Corr
0.61	AL	Air Lease	Pair Corr
0.55	BE	Bloom Energy Corp	Pair Corr
0.55	CW	Curtiss Wright	Pair Corr
0.53	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.51	BV	BrightView Holdings	Pair Corr
0.31	IR	Ingersoll Rand	Pair Corr

Related Correlations Analysis

	LIQT	TOMZ	CLIR	SSHPF	EESH	EAWD	OWUV	BNET	SYEV	DRFS
LIQT		0.0	-0.67	0.46	0.87	0.77	-0.45	-0.54	0.6	0.14	LIQT
TOMZ	0.0		-0.21	0.36	0.12	0.29	-0.11	-0.02	0.32	0.16	TOMZ
CLIR	-0.67	-0.21		-0.59	-0.62	-0.67	0.39	0.27	-0.65	-0.29	CLIR
SSHPF	0.46	0.36	-0.59		0.57	0.77	-0.32	-0.3	0.32	0.01	SSHPF
EESH	0.87	0.12	-0.62	0.57		0.85	-0.31	-0.75	0.38	0.03	EESH
EAWD	0.77	0.29	-0.67	0.77	0.85		-0.38	-0.59	0.41	0.09	EAWD
OWUV	-0.45	-0.11	0.39	-0.32	-0.31	-0.38		0.11	-0.3	-0.08	OWUV
BNET	-0.54	-0.02	0.27	-0.3	-0.75	-0.59	0.11		-0.06	0.16	BNET
SYEV	0.6	0.32	-0.65	0.32	0.38	0.41	-0.3	-0.06		0.33	SYEV
DRFS	0.14	0.16	-0.29	0.01	0.03	0.09	-0.08	0.16	0.33		DRFS
	LIQT	TOMZ	CLIR	SSHPF	EESH	EAWD	OWUV	BNET	SYEV	DRFS

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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

EESH	+ 0.87	LIQT
EAWD	+ 0.85	EESH
EAWD	+ 0.77	LIQT
EAWD	+ 0.77	SSHPF
SYEV	+ 0.6	LIQT
EESH	+ 0.57	SSHPF

High negative correlations

BNET	- 0.75	EESH
EAWD	- 0.67	CLIR
CLIR	- 0.67	LIQT
SYEV	- 0.65	CLIR
EESH	- 0.62	CLIR
BNET	- 0.59	EAWD

Risk-Adjusted Indicators

There is a big difference between Euro Stock performing well and Euro Tech 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 Euro Tech'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
LIQT	4.19	(0.78)	0.00	(0.46)	0.00	0.00	7.21	(9.57)	25.77
TOMZ	3.24	(0.39)	0.00	(2.40)	0.00	0.00	7.79	(6.32)	21.76
CLIR	3.88	0.84	0.20	2.12	3.08	(5.47)	8.24	(5.33)	27.07
SSHPF	3.38	(1.17)	0.00	(10.93)	0.00	0.00	0.00	(8.00)	59.02
EESH	2.87	(1.49)	0.00	(6.46)	0.00	0.00	0.00	0.00	96.00
EAWD	10.37	(4.30)	0.00	(2.56)	0.00	0.00	19.40	(26.67)	63.50
OWUV	10.32	1.76	0.10	(0.59)	10.43	(13.62)	24.59	(19.74)	60.35
BNET	5.52	0.44	0.04	1.99	5.37	(13.50)	20.00	(10.00)	42.75
SYEV	1.30	(0.73)	0.00	(1.65)	0.00	0.00	0.00	0.00	30.00
DRFS	11.97	1.14	0.06	0.79	13.23	(17.77)	22.50	(27.46)	132.58

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