Smart Powerr Correlations
| CREG Stock | USD 1.21 0.08 7.08% |
The current 90-days correlation between Smart Powerr Corp and Brenmiller Energy Ltd is 0.2 (i.e., Modest 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
Good diversification
The correlation between Smart Powerr Corp and DJI is -0.04 (i.e., Good 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.
Moving against Smart Stock
| 0.47 | 0FGH | Norwegian Air Shuttle Earnings Call This Week | PairCorr |
| 0.37 | 0I6U | DXC Technology | PairCorr |
| 0.31 | 0Q7L | AMAG Austria Metall | PairCorr |
| 0.42 | 0JBD | Innovative Industrial | PairCorr |
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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGAS | 3.71 | (1.23) | 0.00 | 2.70 | 0.00 | 6.11 | 27.54 | |||
| BNRG | 5.93 | (1.94) | 0.00 | (0.72) | 0.00 | 14.08 | 39.05 | |||
| ADN | 7.53 | (2.03) | 0.00 | (9.28) | 0.00 | 9.09 | 97.06 | |||
| HTOOW | 13.56 | (1.49) | 0.00 | 8.34 | 0.00 | 43.28 | 86.95 | |||
| DNNGY | 2.06 | 0.26 | 0.08 | 0.35 | 2.87 | 4.81 | 15.96 | |||
| CPHI | 3.88 | (1.16) | 0.00 | (4.73) | 0.00 | 7.26 | 29.10 | |||
| RCON | 3.38 | (0.34) | 0.00 | 6.84 | 0.00 | 6.11 | 18.87 | |||
| CLWT | 2.07 | 0.00 | (0.01) | 0.09 | 2.67 | 3.88 | 14.34 | |||
| LEDS | 3.67 | (1.13) | 0.00 | (0.50) | 0.00 | 8.00 | 25.23 |
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 |