CHAR Technologies Correlations

CTRNF Stock

USD 0.18 0.00 0.00%

The current 90-days correlation between CHAR Technologies and Global Clean Energy is -0.14 (i.e., Good diversification). The correlation of CHAR Technologies 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.

The ability to find closely correlated positions to CHAR Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHAR Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CHAR Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CHAR Technologies to buy it.

Moving together with CHAR Pink Sheet

0.65

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Pair Corr

Moving against CHAR Pink Sheet

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0.48	VEOEY	Veolia Environnement	Pair Corr
0.4	NIHK	Video River Networks	Pair Corr
0.39	WM	Waste Management	Pair Corr
0.39	GFL	Gfl Environmental	Pair Corr
0.35	VEOEF	Veolia Environnement	Pair Corr
0.31	KJFI	Comjoyful International	Pair Corr
0.6	STNE	StoneCo	Pair Corr
0.51	VICI	VICI Properties	Pair Corr
0.5	NPXYY	Nippon Sanso Holdings	Pair Corr
0.46	EE	Excelerate Energy Earnings Call Today	Pair Corr
0.44	GOLD	Gold Inc Symbol Change	Pair Corr
0.43	FGFI	First Greenwich Financial	Pair Corr
0.38	STLD	Steel Dynamics	Pair Corr
0.35	ASML	ASML Holding NV	Pair Corr
0.33	JPM-PD	JPMorgan Chase	Pair Corr
0.54	SBFFF	SBM Offshore NV	Pair Corr
0.47	JOE	St Joe Company	Pair Corr
0.47	SYANY	Sydbank AS ADR	Pair Corr
0.47	SRXXF	SPARX Group	Pair Corr
0.45	LPG	Dorian LPG	Pair Corr
0.43	BCPC	Balchem	Pair Corr
0.43	NPKI	NPK International	Pair Corr
0.42	CPXWF	Capital Power Earnings Call Today	Pair Corr

Related Correlations Analysis

	GCEI	VCIGF	NHHHF	AUSI	ROOOF	NRPI	OCLN	RLLCF	GTII	QBAK
GCEI		-0.1	0.57	-0.41	0.79	0.23	0.6	0.69	-0.14	-0.2	GCEI
VCIGF	-0.1		-0.1	0.26	0.02	0.18	-0.02	0.04	0.05	-0.39	VCIGF
NHHHF	0.57	-0.1		-0.24	0.75	0.23	0.77	0.66	-0.26	-0.37	NHHHF
AUSI	-0.41	0.26	-0.24		-0.3	-0.03	-0.23	-0.21	0.15	-0.42	AUSI
ROOOF	0.79	0.02	0.75	-0.3		0.24	0.71	0.76	-0.24	-0.48	ROOOF
NRPI	0.23	0.18	0.23	-0.03	0.24		0.26	0.28	-0.08	-0.33	NRPI
OCLN	0.6	-0.02	0.77	-0.23	0.71	0.26		0.84	-0.29	-0.47	OCLN
RLLCF	0.69	0.04	0.66	-0.21	0.76	0.28	0.84		-0.28	-0.51	RLLCF
GTII	-0.14	0.05	-0.26	0.15	-0.24	-0.08	-0.29	-0.28		0.22	GTII
QBAK	-0.2	-0.39	-0.37	-0.42	-0.48	-0.33	-0.47	-0.51	0.22		QBAK
	GCEI	VCIGF	NHHHF	AUSI	ROOOF	NRPI	OCLN	RLLCF	GTII	QBAK

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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

RLLCF	+ 0.84	OCLN
ROOOF	+ 0.79	GCEI
OCLN	+ 0.77	NHHHF
RLLCF	+ 0.76	ROOOF
ROOOF	+ 0.75	NHHHF
OCLN	+ 0.71	ROOOF

High negative correlations

QBAK	- 0.51	RLLCF
QBAK	- 0.48	ROOOF
QBAK	- 0.47	OCLN
QBAK	- 0.42	AUSI
AUSI	- 0.41	GCEI
QBAK	- 0.39	VCIGF

Risk-Adjusted Indicators

There is a big difference between CHAR Pink Sheet performing well and CHAR Technologies 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 CHAR Technologies' 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
GCEI	5.22	(0.03)	0.00	0.01	5.80	(6.91)	13.89	(10.28)	58.30
VCIGF	0.97	0.07	0.00	(0.04)	0.00	0.00	2.35	(2.07)	25.95
NHHHF	3.28	(0.03)	0.00	0.18	0.00	0.00	15.67	(16.67)	45.00
AUSI	11.28	1.58	0.08	(0.90)	12.13	(23.42)	42.86	(28.57)	109.51
ROOOF	3.06	(0.30)	0.00	(0.25)	0.00	0.00	6.67	(9.52)	23.03
NRPI	5.54	(0.20)	0.00	0.98	0.00	0.00	15.87	(17.33)	52.78
OCLN	8.96	0.23	0.01	(0.05)	10.45	(16.58)	21.43	(18.18)	62.57
RLLCF	5.46	(0.05)	0.00	0.00	6.36	(8.59)	15.38	(11.76)	37.13
GTII	361.96	192.66	4.30	(3.71)	35.16	(506.47)	119.80	(49.50)	11,955
QBAK	1.98	0.46	0.20	0.48	1.38	(3.44)	6.62	(3.61)	18.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in CHAR Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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CHAR Technologies Corporate Management

CPA CFA	Chief Officer	Profile
Don Kirk	CoFounder Advisor	Profile
Andrew White	Chief Officer	Profile
Silvia Merlini	Head Accounting	Profile
Lewis Smith	Chief Officer	Profile

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