FluenceLimited Correlations
| EMFGF Stock | USD 0.06 0.00 0.00% |
The current 90-days correlation between Fluence Limited and Maritime Launch Services is 0.13 (i.e., Average diversification). The correlation of FluenceLimited 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.
FluenceLimited Correlation With Market
Very good diversification
The correlation between Fluence Limited and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluence Limited and DJI in the same portfolio, assuming nothing else is changed.
FluenceLimited |
The ability to find closely correlated positions to FluenceLimited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FluenceLimited 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 FluenceLimited - 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 Fluence Limited to buy it.
Moving against FluenceLimited Pink Sheet
| 0.51 | SAR | Saratoga Investment Corp | PairCorr |
| 0.5 | COMP | Compass | PairCorr |
| 0.5 | BNKHF | BOC Hong Kong | PairCorr |
| 0.49 | UMICY | Umicore SA ADR | PairCorr |
| 0.48 | ATMU | Atmus Filtration Tec Earnings Call This Week | PairCorr |
| 0.45 | KTWIY | Kurita Water Industries | PairCorr |
| 0.44 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.41 | UMICF | Umicore SA | PairCorr |
| 0.37 | NFG | National Fuel Gas | PairCorr |
| 0.31 | FSS | Federal Signal | PairCorr |
| 0.31 | SPLPP | Steel Partners Holdings | PairCorr |
| 0.63 | SECVY | Seche Environnement | PairCorr |
| 0.61 | THO | Thor Industries | PairCorr |
| 0.59 | APETF | Alpha Esports Tech | PairCorr |
| 0.58 | YLLXF | Yellow Cake plc | PairCorr |
| 0.57 | OBYCF | Obayashi Earnings Call Tomorrow | PairCorr |
| 0.55 | ENS | Enersys Earnings Call This Week | PairCorr |
| 0.55 | NSRPF | Novo Resources Corp | PairCorr |
| 0.47 | TFLM | TFLM | PairCorr |
| 0.45 | RILYL | B Riley Financial | PairCorr |
| 0.44 | FIBK | First Interstate Ban Normal Trading | PairCorr |
| 0.44 | KCDMY | Kimberly Clark de | PairCorr |
| 0.43 | MAT | Mattel Inc Earnings Call This Week | 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 FluenceLimited Pink Sheet performing well and FluenceLimited 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 FluenceLimited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MAXQF | 5.46 | 1.27 | 0.16 | 0.92 | 5.05 | 11.11 | 55.16 | |||
| KARX | 3.84 | (0.49) | 0.00 | (3.09) | 0.00 | 11.11 | 35.09 | |||
| HPURF | 1.28 | (0.50) | 0.00 | 1.63 | 0.00 | 0.00 | 27.78 | |||
| ESLGF | 0.63 | 0.34 | 0.00 | (0.83) | 0.00 | 0.00 | 21.05 | |||
| PCRBF | 1.25 | (0.11) | 0.00 | (0.04) | 0.00 | 0.00 | 58.34 | |||
| YTOEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSHPF | 2.21 | 0.80 | 0.00 | 6.65 | 0.00 | 0.00 | 73.68 | |||
| RSKIA | 0.63 | 0.06 | (0.01) | (2.02) | 0.84 | 2.21 | 7.39 | |||
| SRRPF | 1.80 | 0.93 | 0.00 | (3.61) | 0.00 | 0.00 | 60.42 |
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FluenceLimited Corporate Management
| BBus CA | Company Sec | Profile | |
| Natalya Medinina | VP Controller | Profile | |
| Grad BCom | PartTime Advisor | Profile | |
| Anthony Hargrave | Chief Officer | Profile | |
| Thomas Pokorsky | CEO MD | Profile | |
| Richard Cisterna | Chief Officer | Profile | |
| Susan Plotzky | VP Treasurer | Profile |