CVW CleanTech Correlations
| CVW Stock | 0.85 0.02 2.41% |
The current 90-days correlation between CVW CleanTech and Westbridge Energy is 0.13 (i.e., Average diversification). The correlation of CVW CleanTech 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.
CVW CleanTech Correlation With Market
Good diversification
The correlation between CVW CleanTech and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVW CleanTech and DJI in the same portfolio, assuming nothing else is changed.
CVW |
The ability to find closely correlated positions to CVW CleanTech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVW CleanTech 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 CVW CleanTech - 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 CVW CleanTech to buy it.
Moving against CVW Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CVW CleanTech 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.Did you try this?
Run Stock Screener Now
Stock ScreenerFind equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
| All Next | Launch Module |
CVW CleanTech Corporate Management
Elected by the shareholders, the CVW CleanTech's board of directors comprises two types of representatives: CVW CleanTech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CVW. The board's role is to monitor CVW CleanTech's management team and ensure that shareholders' interests are well served. CVW CleanTech'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, CVW CleanTech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Scott Nelson | Consultant | Profile | |
| Viraj Patel | Vice Engineering | Profile | |
| Lee Girardo | Vice Development | Profile | |
| Mathew Ullattikulam | Vice Development | Profile | |
| Lindsay Cox | Corporate Secretary | Profile |