Delta CleanTech Correlations

DCTIF Stock

USD 0.02 0.00 0.00%

The correlation of Delta 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.

Delta CleanTech Correlation With Market

Excellent diversification

The correlation between Delta CleanTech and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delta CleanTech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Delta 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 Delta 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 Delta 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 Delta CleanTech to buy it.

Moving together with Delta Pink Sheet

0.61

VFSWW

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Pair Corr

Moving against Delta Pink Sheet

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0.68	ATMU	Atmus Filtration Tec	Pair Corr
0.68	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.67	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.65	KTWIY	Kurita Water Industries	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.62	UMICY	Umicore SA ADR	Pair Corr
0.48	KTWIF	Kurita Water Industries	Pair Corr
0.47	ZWS	Zurn Elkay Water	Pair Corr
0.43	FSS	Federal Signal	Pair Corr
0.69	TPC	Tutor Perini	Pair Corr
0.67	PZG	Paramount Gold Nevada	Pair Corr
0.67	CIZN	Citizens Holding	Pair Corr
0.62	THLLY	Thales SA ADR Earnings Call Tomorrow	Pair Corr
0.62	FMX	Fomento Economico	Pair Corr
0.6	PCRHY	Panasonic Holdings	Pair Corr
0.59	FBNC	First Bancorp	Pair Corr
0.58	PXMFF	Philex Mining	Pair Corr
0.57	BHE	Benchmark Electronics	Pair Corr
0.57	PSPSF	PSP Swiss Property	Pair Corr
0.51	NFG	National Fuel Gas	Pair Corr
0.43	IFMK	iFresh Inc	Pair Corr
0.38	SNBR	Sleep Number Corp	Pair Corr
0.72	LEO	BNY Mellon Strategic	Pair Corr
0.72	WT	WisdomTree	Pair Corr
0.71	WEGRY	Weir Group PLC	Pair Corr
0.7	SAPMF	Saipem SpA	Pair Corr
0.68	LTSK	Ladenburg Thalmann	Pair Corr
0.66	GLAXF	GSK plc	Pair Corr

Related Correlations Analysis

	FIFG	ORGH	SLUP	RBSY	MHHC	PSCR	IRNS	AMCT	GCHT
FIFG		1.0	0.0	1.0	1.0	0.0	1.0	1.0	1.0	FIFG
ORGH	1.0		0.0	1.0	1.0	0.0	1.0	1.0	1.0	ORGH
SLUP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SLUP
RBSY	1.0	1.0	0.0		1.0	0.0	1.0	1.0	1.0	RBSY
MHHC	1.0	1.0	0.0	1.0		0.0	1.0	1.0	1.0	MHHC
PSCR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PSCR
IRNS	1.0	1.0	0.0	1.0	1.0	0.0		1.0	1.0	IRNS
AMCT	1.0	1.0	0.0	1.0	1.0	0.0	1.0		1.0	AMCT
GCHT	1.0	1.0	0.0	1.0	1.0	0.0	1.0	1.0		GCHT
	FIFG	ORGH	SLUP	RBSY	MHHC	PSCR	IRNS	AMCT	GCHT

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

ORGH	+ 1.0	FIFG
RBSY	+ 1.0	FIFG
MHHC	+ 1.0	FIFG
IRNS	+ 1.0	FIFG
AMCT	+ 1.0	FIFG
GCHT	+ 1.0	FIFG

High negative correlations

GCHT	- 0.0	PSCR
AMCT	- 0.0	PSCR
IRNS	- 0.0	PSCR
PSCR	- 0.0	MHHC
PSCR	- 0.0	RBSY
GCHT	- 0.0	SLUP

Risk-Adjusted Indicators

There is a big difference between Delta Pink Sheet performing well and Delta CleanTech 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 Delta CleanTech'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	Treynor Ratio	Maximum Drawdown
FIFG	0.00	0.00	0.00	0.00
ORGH	0.00	0.00	0.00	0.00
SLUP	0.00	0.00	0.00	0.00
RBSY	0.00	0.00	0.00	0.00
MHHC	0.00	0.00	0.00	0.00
PSCR	1.99	(1.10)	(1.08)	66.67
IRNS	0.00	0.00	0.00	0.00
AMCT	0.00	0.00	0.00	0.00
GCHT	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Delta 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.

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Delta CleanTech Corporate Management

CPA CMA	CFO Sec	Profile
Jeffrey Sr	President, CEO	Profile
Ahmed Aboudheir	Chief Officer	Profile
Donato CA	Corp Officer	Profile

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