Energy Recovery Correlations

ERII Stock

USD 10.43 5.69 35.30%

The current 90-days correlation between Energy Recovery and Wheels Up Experience is -0.03 (i.e., Good diversification). The correlation of Energy Recovery 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.

Energy Recovery Correlation With Market

Very weak diversification

The correlation between Energy Recovery and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Recovery and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Energy Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Recovery. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Energy Stock please use our How to Invest in Energy Recovery guide.

Moving against Energy Stock

0.5	74Z	BOA CEPT SA	Pair Corr
0.37	INRN	Interroll Holding	Pair Corr
0.42	EPOW	Sunrise New Energy	Pair Corr
0.31	7YA	M VEST WATER	Pair Corr

Related Correlations Analysis

	UP	THR	MRTN	WLFC	MEG	AEBI	HTZ	SFL	GSL	PLPC
UP		-0.23	-0.15	-0.05	-0.11	-0.07	0.37	-0.19	-0.21	-0.09	UP
THR	-0.23		0.88	0.94	-0.54	0.83	-0.4	0.9	0.83	0.93	THR
MRTN	-0.15	0.88		0.92	-0.49	0.89	-0.08	0.71	0.69	0.93	MRTN
WLFC	-0.05	0.94	0.92		-0.67	0.9	-0.22	0.82	0.79	0.93	WLFC
MEG	-0.11	-0.54	-0.49	-0.67		-0.56	0.12	-0.53	-0.48	-0.56	MEG
AEBI	-0.07	0.83	0.89	0.9	-0.56		-0.14	0.75	0.69	0.85	AEBI
HTZ	0.37	-0.4	-0.08	-0.22	0.12	-0.14		-0.57	-0.47	-0.15	HTZ
SFL	-0.19	0.9	0.71	0.82	-0.53	0.75	-0.57		0.91	0.77	SFL
GSL	-0.21	0.83	0.69	0.79	-0.48	0.69	-0.47	0.91		0.73	GSL
PLPC	-0.09	0.93	0.93	0.93	-0.56	0.85	-0.15	0.77	0.73		PLPC
	UP	THR	MRTN	WLFC	MEG	AEBI	HTZ	SFL	GSL	PLPC

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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

WLFC	+ 0.94	THR
PLPC	+ 0.93	THR
PLPC	+ 0.93	MRTN
PLPC	+ 0.93	WLFC
WLFC	+ 0.92	MRTN
GSL	+ 0.91	SFL

High negative correlations

MEG	- 0.67	WLFC
SFL	- 0.57	HTZ
PLPC	- 0.56	MEG
AEBI	- 0.56	MEG
MEG	- 0.54	THR
SFL	- 0.53	MEG

Risk-Adjusted Indicators

There is a big difference between Energy Stock performing well and Energy Recovery 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 Energy Recovery'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
UP	6.07	(0.14)	0.00	(0.05)	0.00	0.00	11.67	(11.69)	61.04
THR	1.74	0.60	0.39	0.60	1.09	(2.14)	4.92	(2.28)	9.12
MRTN	1.67	0.38	0.28	0.33	1.29	(2.17)	4.48	(2.44)	13.55
WLFC	2.18	0.64	0.31	0.45	1.87	(2.59)	5.42	(3.68)	11.06
MEG	2.65	0.04	0.05	0.13	3.63	(2.62)	4.93	(6.48)	16.10
AEBI	2.08	0.45	0.16	(45.48)	1.92	(2.59)	4.30	(3.12)	12.80
HTZ	2.73	(0.33)	0.00	(0.02)	0.00	0.00	7.63	(5.14)	23.15
SFL	1.21	0.46	0.27	1.33	0.91	(1.45)	2.60	(1.60)	9.72
GSL	1.24	0.28	0.13	0.77	1.23	(1.35)	2.62	(2.22)	6.78
PLPC	2.18	0.33	0.14	0.29	2.55	(2.25)	4.24	(3.51)	14.23

Energy Recovery Corporate Management

James Siccardi	Vice Relations	Profile
Brandon Young	Interim Officer	Profile
Ram Ramanan	Chief Officer	Profile
Joshua CFA	Chief Officer	Profile
William JD	Chief Board	Profile
Kelley Vendeland	Vice Sustainability	Profile

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