Fluence Correlations

EMFGF Stock

USD 0.08 0.01 8.22%

The current 90-days correlation between Fluence Limited and Maritime Launch Services is 0.08 (i.e., Significant diversification). The correlation of Fluence 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.

Fluence Correlation With Market

Significant diversification

The correlation between Fluence Limited and DJI is 0.01 (i.e., Significant 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.

The ability to find closely correlated positions to Fluence could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fluence 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 Fluence - 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 together with Fluence Pink Sheet

0.65	CCVTF	China Conch Venture	Pair Corr
0.75	KTWIY	Kurita Water Industries	Pair Corr
0.75	KTWIF	Kurita Water Industries	Pair Corr
0.63	ATMU	Atmus Filtration Tec	Pair Corr
0.68	TPB	Turning Point Brands	Pair Corr
0.77	TGS	Transportadora de Gas	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.7	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.72	LMND	Lemonade	Pair Corr

Moving against Fluence Pink Sheet

0.76	VLTO	Veralto	Pair Corr
0.68	TRNR	Interactive Strength	Pair Corr
0.63	FSS	Federal Signal	Pair Corr
0.36	VLCN	VLCN Old Symbol Change	Pair Corr
0.32	WNC	Wabash National	Pair Corr
0.37	ONDS	Ondas Holdings Aggressive Push	Pair Corr
0.56	VHAI	VHAI	Pair Corr
0.42	PNW	Pinnacle West Capital	Pair Corr

Related Correlations Analysis

	FLCX	MAXQF	KARX	HPURF	ESLGF	PCRBF	YTOEF	SSHPF	RSKIA	SRRPF
FLCX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FLCX
MAXQF	0.0		-0.45	-0.7	0.88	-0.67	-0.76	0.49	-0.73	0.0	MAXQF
KARX	0.0	-0.45		0.47	-0.49	0.64	-0.04	-0.36	0.25	0.0	KARX
HPURF	0.0	-0.7	0.47		-0.67	0.71	0.51	-0.75	0.46	0.0	HPURF
ESLGF	0.0	0.88	-0.49	-0.67		-0.85	-0.75	0.32	-0.73	0.0	ESLGF
PCRBF	0.0	-0.67	0.64	0.71	-0.85		0.49	-0.38	0.53	0.0	PCRBF
YTOEF	0.0	-0.76	-0.04	0.51	-0.75	0.49		-0.19	0.66	0.0	YTOEF
SSHPF	0.0	0.49	-0.36	-0.75	0.32	-0.38	-0.19		-0.17	0.0	SSHPF
RSKIA	0.0	-0.73	0.25	0.46	-0.73	0.53	0.66	-0.17		0.0	RSKIA
SRRPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SRRPF
	FLCX	MAXQF	KARX	HPURF	ESLGF	PCRBF	YTOEF	SSHPF	RSKIA	SRRPF

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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

ESLGF	+ 0.88	MAXQF
PCRBF	+ 0.71	HPURF
RSKIA	+ 0.66	YTOEF
PCRBF	+ 0.64	KARX
RSKIA	+ 0.53	PCRBF
YTOEF	+ 0.51	HPURF

High negative correlations

PCRBF	- 0.85	ESLGF
YTOEF	- 0.76	MAXQF
YTOEF	- 0.75	ESLGF
SSHPF	- 0.75	HPURF
RSKIA	- 0.73	ESLGF
RSKIA	- 0.73	MAXQF

Risk-Adjusted Indicators

There is a big difference between Fluence Pink Sheet performing well and Fluence 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 Fluence'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	0.00	0.00
MAXQF	7.79	2.35	0.31	0.54	5.71	(11.46)	25.28	(10.53)	48.46
KARX	6.43	(0.20)	0.00	0.01	7.26	(13.31)	17.78	(14.00)	67.21
HPURF	1.11	(0.59)	0.00	(3.65)	0.00	0.00	0.00	0.00	27.78
ESLGF	1.40	0.69	0.00	2.49	0.00	0.00	0.00	0.00	26.67
PCRBF	0.67	(0.41)	0.00	(0.43)	0.00	0.00	0.00	0.00	22.45
YTOEF	1.94	(0.93)	0.00	1.13	0.00	0.00	0.00	0.00	65.00
SSHPF	2.21	0.94	0.00	(1.59)	0.00	0.00	0.00	0.00	73.68
RSKIA	0.87	(0.05)	0.00	0.45	0.00	0.00	1.94	(3.75)	11.09
SRRPF	0.00	0.00	0.00	0.00	0.00	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 Fluence 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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Fluence Corporate Management

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