Fuel Tech Correlations

FTEK Stock

USD 1.42 0.02 1.43%

The current 90-days correlation between Fuel Tech and CBAK Energy Technology is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fuel Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fuel Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fuel Tech Correlation With Market

Pay attention - limited upside

The correlation between Fuel Tech and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fuel Tech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fuel Stock

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

For more information on how to buy Fuel Stock please use our How to buy in Fuel Stock guide.

Moving together with Fuel Stock

0.69	LZ	LegalZoom	Pair Corr
0.74	0A9G	Mereo BioPharma Group	Pair Corr
0.85	VCIG	VCI Global Limited	Pair Corr
0.92	0G9R	PowerCell Sweden	Pair Corr
0.65	0RFX	Bell Food Group	Pair Corr

Moving against Fuel Stock

0.88	0MPL	SGL Carbon SE	Pair Corr
0.86	WM	Waste Management	Pair Corr
0.86	0LJB	Uniti Group Earnings Call This Week	Pair Corr
0.83	0QWA	Logista	Pair Corr
0.78	0HAH	Fortum Oyj	Pair Corr
0.76	0J4G	Helmerich Payne	Pair Corr
0.75	CUV	Realord Group Holdings	Pair Corr
0.73	BV	BrightView Holdings	Pair Corr
0.7	0JVV	Lumentum Holdings	Pair Corr
0.66	0NV5	UPM Kymmene Oyj	Pair Corr
0.87	0RJI	Anheuser Busch Inbev	Pair Corr
0.86	0LHR	Tyson Foods Cl	Pair Corr
0.78	0I3Z	Deutsche Euroshop	Pair Corr
0.78	0GWB	Lundbergforetagen AB	Pair Corr
0.76	0QVK	COFACE	Pair Corr
0.76	0I0J	Clorox	Pair Corr
0.72	0HRZ	Cabot Oil Gas	Pair Corr
0.7	0K87	NiSource	Pair Corr
0.7	0Q7L	AMAG Austria Metall	Pair Corr
0.37	0JXF	Protector Forsikring ASA	Pair Corr
0.89	0R3E	Lockheed Martin Corp	Pair Corr
0.84	0F08	Kongsberg Gruppen ASA	Pair Corr
0.81	RFX	Ramsdens Holdings PLC	Pair Corr
0.79	0L9E	Stanley Black Decker	Pair Corr
0.75	0O7J	Corticeira Amorim	Pair Corr
0.72	0KII	SSAB AB ser	Pair Corr
0.54	0QNT	Implenia AG Earnings Call This Week	Pair Corr
0.34	0NYZ	Bertrandt AG	Pair Corr

Related Correlations Analysis

	SUGP	CBAT	XCH	OPTT	RYM	SCWO	SHIM	FLX	SFWL	JLHL
SUGP		-0.35	0.11	-0.03	0.16	-0.16	-0.19	0.31	0.11	-0.43	SUGP
CBAT	-0.35		0.24	-0.22	-0.04	-0.23	-0.18	-0.69	-0.32	0.53	CBAT
XCH	0.11	0.24		-0.3	0.46	-0.38	-0.47	-0.16	0.15	-0.1	XCH
OPTT	-0.03	-0.22	-0.3		-0.52	0.74	0.39	0.07	-0.01	0.14	OPTT
RYM	0.16	-0.04	0.46	-0.52		-0.56	-0.47	0.12	0.51	-0.56	RYM
SCWO	-0.16	-0.23	-0.38	0.74	-0.56		0.39	0.2	-0.14	0.21	SCWO
SHIM	-0.19	-0.18	-0.47	0.39	-0.47	0.39		-0.03	-0.05	0.49	SHIM
FLX	0.31	-0.69	-0.16	0.07	0.12	0.2	-0.03		0.22	-0.5	FLX
SFWL	0.11	-0.32	0.15	-0.01	0.51	-0.14	-0.05	0.22		-0.51	SFWL
JLHL	-0.43	0.53	-0.1	0.14	-0.56	0.21	0.49	-0.5	-0.51		JLHL
	SUGP	CBAT	XCH	OPTT	RYM	SCWO	SHIM	FLX	SFWL	JLHL

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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

SCWO	+ 0.74	OPTT
JLHL	+ 0.53	CBAT
SFWL	+ 0.51	RYM
JLHL	+ 0.49	SHIM
RYM	+ 0.46	XCH
SHIM	+ 0.39	OPTT

High negative correlations

FLX	- 0.69	CBAT
JLHL	- 0.56	RYM
SCWO	- 0.56	RYM
RYM	- 0.52	OPTT
JLHL	- 0.51	SFWL
JLHL	- 0.5	FLX

Risk-Adjusted Indicators

There is a big difference between Fuel Stock performing well and Fuel Tech 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 Fuel Tech'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
SUGP	4.76	(0.01)	0.00	0.10	0.00	0.00	12.83	(8.52)	41.48
CBAT	1.81	0.19	0.07	0.44	1.66	(2.46)	3.66	(3.26)	16.23
XCH	4.66	0.37	0.05	0.77	5.72	(5.39)	11.11	(9.24)	39.56
OPTT	5.65	0.07	0.03	0.11	6.30	(8.74)	22.81	(9.43)	38.97
RYM	5.55	0.43	0.06	4.00	5.76	(6.55)	11.59	(8.83)	63.12
SCWO	6.09	0.31	0.05	0.17	8.21	(7.06)	19.32	(9.68)	45.42
SHIM	4.26	0.68	0.19	0.32	4.06	(5.30)	11.93	(7.40)	24.16
FLX	3.71	(0.16)	0.00	(0.20)	0.00	0.00	8.20	(6.76)	45.57
SFWL	2.86	0.03	(0.01)	(0.14)	3.73	(4.53)	5.56	(5.00)	43.33
JLHL	6.30	1.36	0.17	(1.01)	6.48	(7.31)	17.62	(11.95)	32.59

Fuel Tech Corporate Management

Bradley Johnson	General VP	Profile
Ellen Albrecht	CFO VP	Profile
William Sun	Vice Technologies	Profile
William Cummings	Senior Sales	Profile
Vincent Albanese	VP Affairs	Profile
Kevin Dougherty	Vice Marketing	Profile
Ronald PE	Ex Consultant	Profile

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