Environmental Power Correlations

EPGRQDelisted Stock

USD 0.0001 0.00 0.00%

The correlation of Environmental Power 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.

Environmental Power Correlation With Market

Excellent diversification

The correlation between Environmental Power 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 Environmental Power and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Environmental Stock

0.74	AAPL	Apple Inc Earnings Call Today	Pair Corr
0.65	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Environmental Stock

0.76	BA	Boeing	Pair Corr
0.75	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.62	CNL	Collective Mining Downward Rally	Pair Corr
0.59	WMT	Walmart Common Stock	Pair Corr
0.55	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.48	DTW	DTE Energy	Pair Corr
0.45	SOJE	Southern Company	Pair Corr
0.38	BMYMP	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.34	CMSA	CMS Energy Corp	Pair Corr
0.8	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.71	CAT	Caterpillar Earnings Call Today	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.54	MRK	Merck Company Earnings Call This Week	Pair Corr
0.42	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ISOL	CYBF	SMSI	JDSPY	IPOOF	IBXS	CGNT	ASUR
ISOL		1.0	0.0	0.0	0.0	1.0	0.0	0.0	ISOL
CYBF	1.0		0.0	0.0	0.0	1.0	0.0	0.0	CYBF
SMSI	0.0	0.0		0.41	-0.33	0.0	-0.47	-0.46	SMSI
JDSPY	0.0	0.0	0.41		-0.16	0.0	0.16	0.27	JDSPY
IPOOF	0.0	0.0	-0.33	-0.16		0.0	0.21	0.47	IPOOF
IBXS	1.0	1.0	0.0	0.0	0.0		0.0	0.0	IBXS
CGNT	0.0	0.0	-0.47	0.16	0.21	0.0		0.73	CGNT
ASUR	0.0	0.0	-0.46	0.27	0.47	0.0	0.73		ASUR
	ISOL	CYBF	SMSI	JDSPY	IPOOF	IBXS	CGNT	ASUR

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

CYBF	+ 1.0	ISOL
IBXS	+ 1.0	ISOL
IBXS	+ 1.0	CYBF
ASUR	+ 0.73	CGNT
ASUR	+ 0.47	IPOOF
JDSPY	+ 0.41	SMSI

High negative correlations

CGNT	- 0.47	SMSI
ASUR	- 0.46	SMSI
IPOOF	- 0.33	SMSI
IPOOF	- 0.16	JDSPY
ASUR	- 0.0	IBXS
CGNT	- 0.0	IBXS

Risk-Adjusted Indicators

There is a big difference between Environmental Stock performing well and Environmental Power 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 Environmental Power'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
ISOL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMSI	2.79	(0.45)	0.00	(0.10)	0.00	0.00	5.56	(6.35)	19.70
JDSPY	2.82	(0.13)	0.00	(0.31)	0.00	0.00	6.19	(6.25)	15.07
IPOOF	1.43	0.30	0.13	1.19	1.48	(1.51)	3.48	(2.69)	7.85
IBXS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CGNT	1.57	0.14	0.05	0.28	2.14	(1.63)	3.70	(3.75)	13.68
ASUR	1.86	0.15	0.07	0.16	2.20	(2.11)	3.92	(3.51)	17.19

Environmental Power Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Environmental Power stock to make a market-neutral strategy. Peer analysis of Environmental Power could also be used in its relative valuation, which is a method of valuing Environmental Power by comparing valuation metrics with similar companies.

1mage Software Cyberfort Software Smith Micro Software JD Sports Fashion InPlay Oil Corp IBITX Software Cognyte Software Asure Software American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Environmental Power?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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