Smart Powerr Correlations

CREG Stock

USD 0.63 0.03 4.55%

The current 90-days correlation between Smart Powerr Corp and Fusion Fuel Green is 0.03 (i.e., Significant diversification). The correlation of Smart Powerr 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.

Smart Powerr Correlation With Market

Significant diversification

The correlation between Smart Powerr Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Powerr Corp 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 Smart Powerr Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against Smart Stock

0.5	AZ	A2Z Smart Technologies	Pair Corr
0.46	BE	Bloom Energy Corp Buyout Trend	Pair Corr
0.44	R	Ryder System	Pair Corr
0.43	SPIR	Spire Global Trending	Pair Corr
0.42	DLX	Deluxe Earnings Call This Week	Pair Corr
0.41	DIST	Distoken Acquisition	Pair Corr
0.4	B	Barnes Group	Pair Corr
0.32	DE	Deere Company	Pair Corr
0.31	MGRC	McGrath RentCorp	Pair Corr
0.56	TH	Target Hospitality Corp	Pair Corr
0.45	LZ	LegalZoom	Pair Corr
0.43	HI	Hillenbrand	Pair Corr
0.42	DMYY	dMY Squared Technology	Pair Corr
0.38	PL	Planet Labs PBC Buyout Trend	Pair Corr
0.31	VACH	Voyager Acquisition Corp	Pair Corr

Related Correlations Analysis

	VGASW	ORA	TKECF	VGAS	ADN	ADNWW	HTOO	FLNC	DOGEF	INGXF
VGASW		-0.38	-0.25	0.04	-0.08	0.44	0.28	-0.14	-0.26	-0.21	VGASW
ORA	-0.38		0.82	0.64	-0.3	-0.34	-0.2	0.81	0.81	0.72	ORA
TKECF	-0.25	0.82		0.6	-0.56	-0.38	0.12	0.81	0.89	0.87	TKECF
VGAS	0.04	0.64	0.6		-0.24	-0.2	-0.06	0.58	0.49	0.43	VGAS
ADN	-0.08	-0.3	-0.56	-0.24		0.5	-0.51	-0.4	-0.69	-0.73	ADN
ADNWW	0.44	-0.34	-0.38	-0.2	0.5		0.02	-0.21	-0.49	-0.37	ADNWW
HTOO	0.28	-0.2	0.12	-0.06	-0.51	0.02		-0.03	0.16	0.26	HTOO
FLNC	-0.14	0.81	0.81	0.58	-0.4	-0.21	-0.03		0.82	0.73	FLNC
DOGEF	-0.26	0.81	0.89	0.49	-0.69	-0.49	0.16	0.82		0.91	DOGEF
INGXF	-0.21	0.72	0.87	0.43	-0.73	-0.37	0.26	0.73	0.91		INGXF
	VGASW	ORA	TKECF	VGAS	ADN	ADNWW	HTOO	FLNC	DOGEF	INGXF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

INGXF	+ 0.91	DOGEF
DOGEF	+ 0.89	TKECF
INGXF	+ 0.87	TKECF
TKECF	+ 0.82	ORA
DOGEF	+ 0.82	FLNC
FLNC	+ 0.81	ORA

High negative correlations

INGXF	- 0.73	ADN
DOGEF	- 0.69	ADN
ADN	- 0.56	TKECF
HTOO	- 0.51	ADN
DOGEF	- 0.49	ADNWW
FLNC	- 0.4	ADN

Risk-Adjusted Indicators

There is a big difference between Smart Stock performing well and Smart Powerr 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 Smart Powerr'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
VGASW	6.11	0.71	0.06	(1.67)	7.15	(9.86)	16.00	(10.71)	50.69
ORA	1.39	(0.31)	0.00	(0.59)	0.00	0.00	2.18	(4.13)	10.73
TKECF	2.55	(0.51)	0.00	0.91	0.00	0.00	5.49	(9.90)	28.35
VGAS	2.44	(0.14)	0.00	1.96	0.00	0.00	5.14	(6.02)	14.56
ADN	9.02	2.54	0.29	1.25	7.44	(10.71)	33.15	(12.21)	97.89
ADNWW	10.02	1.68	0.13	0.82	10.99	(12.03)	23.76	(19.64)	66.54
HTOO	9.31	0.83	0.08	(4.30)	9.34	(14.19)	26.79	(10.71)	76.79
FLNC	3.60	(0.49)	0.00	(1.04)	0.00	0.00	6.49	(7.95)	27.84
DOGEF	2.60	(0.66)	0.00	(0.69)	0.00	0.00	5.65	(4.94)	23.11
INGXF	2.09	(0.49)	0.00	(0.82)	0.00	0.00	4.28	(3.66)	13.88

Smart Powerr Corporate Executives

Elected by the shareholders, the Smart Powerr's board of directors comprises two types of representatives: Smart Powerr inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Smart. The board's role is to monitor Smart Powerr's management team and ensure that shareholders' interests are well served. Smart Powerr's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Smart Powerr's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Yongjiang Shi	CFO, Secretary	Profile
	Binfeng Gu	CFO, Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC