Delta CleanTech Correlations
| DCTIF Stock | USD 0.02 0 14.17% |
The current 90-days correlation between Delta CleanTech and Eestech is -0.06 (i.e., Good diversification). 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
Very good diversification
The correlation between Delta CleanTech and DJI is -0.23 (i.e., Very good 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.
Delta |
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 against Delta Pink Sheet
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| 0.45 | WF | Woori Financial Group | PairCorr |
| 0.44 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.43 | KTWIY | Kurita Water Industries | PairCorr |
| 0.42 | FSS | Federal Signal | PairCorr |
| 0.41 | ZWS | Zurn Elkay Water | PairCorr |
| 0.41 | ATMU | Atmus Filtration Tec | PairCorr |
| 0.37 | KTWIF | Kurita Water Industries | PairCorr |
| 0.63 | PZG | Paramount Gold Nevada | PairCorr |
| 0.52 | PSPSF | PSP Swiss Property | PairCorr |
| 0.43 | TPC | Tutor Perini | PairCorr |
| 0.42 | NFG | National Fuel Gas | PairCorr |
| 0.39 | BHE | Benchmark Electronics | PairCorr |
| 0.38 | CIZN | Citizens Holding | PairCorr |
| 0.37 | IFMK | iFresh Inc | PairCorr |
| 0.35 | FBNC | First Bancorp | PairCorr |
| 0.34 | PCRHY | Panasonic Holdings | PairCorr |
| 0.31 | THLLY | Thales SA ADR | PairCorr |
| 0.71 | LEO | BNY Mellon Strategic | PairCorr |
| 0.67 | WEGRY | Weir Group PLC | PairCorr |
| 0.6 | SAPMF | Saipem SpA Earnings Call This Week | PairCorr |
| 0.56 | ITT | ITT Inc | PairCorr |
| 0.52 | BMBOY | Grupo Bimbo SAB | PairCorr |
| 0.5 | GLAXF | GSK plc | 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
| High negative correlations
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGTK | 534.26 | 267.92 | 0.00 | 6.66 | 0.00 | 14.29 | 18,000 | |||
| EESH | 61.78 | 30.15 | 0.00 | 4.59 | 0.00 | 199.50 | 787.50 | |||
| QWTR | 4.31 | 0.51 | 0.02 | (0.18) | 7.25 | 5.26 | 102.90 | |||
| ENPRF | 2.22 | (0.32) | 0.00 | 0.72 | 0.00 | 0.00 | 85.00 | |||
| DNDDF | 0.34 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 11.11 | |||
| ROBXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSNVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYMHF | 2.56 | 0.16 | 0.02 | 0.26 | 3.51 | 10.26 | 53.77 | |||
| ELVG | 7.13 | 0.88 | 0.02 | 0.50 | 10.62 | 13.22 | 144.31 | |||
| MPHYF | 26.86 | 13.75 | 0.00 | (4.22) | 0.00 | 0.00 | 900.00 |
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.Did you try this?
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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 |