Fuel Tech Correlations

FTEK Stock

USD 1.61 0.01 0.62%

The current 90-days correlation between Fuel Tech and CBAK Energy Technology is 0.33 (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

Weak diversification

The correlation between Fuel Tech and DJI is 0.33 (i.e., Weak diversification) 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 manufacturing.

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

Moving together with Fuel Stock

0.88	0K7V	News Corp Cl	Pair Corr
0.91	0RFX	Bell Food Group	Pair Corr
0.85	0ROZ	X FAB Silicon	Pair Corr
0.82	0Z4I	Sunny Optical Technology	Pair Corr
0.64	0HEJ	American Homes 4	Pair Corr
0.72	0I47	Costco Wholesale Corp	Pair Corr
0.79	0R9C	Cellnex Telecom SA	Pair Corr
0.71	MEG	Montrose Environmental	Pair Corr
0.94	0FF9	Nordic Semiconductor ASA	Pair Corr
0.93	0HW4	Charter Communications	Pair Corr

Moving against Fuel Stock

0.93	0NIF	SMA Solar Technology	Pair Corr
0.81	0IFX	Electronic Arts	Pair Corr
0.8	0LHR	Tyson Foods Cl	Pair Corr
0.75	0J71	JB Hunt Transport Earnings Call This Week	Pair Corr
0.6	003027	Tongxing Environmental	Pair Corr
0.5	0I6U	DXC Technology	Pair Corr
0.35	0Q7L	AMAG Austria Metall	Pair Corr
0.91	0KBL	Omega Healthcare Inv	Pair Corr
0.81	0N9K	Elmos Semiconductor	Pair Corr
0.74	TMIP	Taylor Maritime Inve	Pair Corr
0.64	0L8F	Southwest Airlines	Pair Corr
0.62	0QZ4	Delta Air Lines Earnings Call This Week	Pair Corr
0.57	0QI7	Addtech	Pair Corr
0.53	0L8B	Southern Copper Corp	Pair Corr
0.53	0HDK	Systemair AB	Pair Corr
0.48	0FGH	Norwegian Air Shuttle	Pair Corr
0.42	0P5L	Axway Software SA	Pair Corr
0.88	0RQ9	Lundin Mining Corp	Pair Corr
0.74	0IW3	Global Net Lease	Pair Corr
0.74	0H6E	AGNC Investment Corp	Pair Corr
0.67	0KV3	Regions Financial Corp Earnings Call This Week	Pair Corr
0.63	0R2N	Raytheon Technologies	Pair Corr
0.62	0JW2	MT Bank Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SUGP	CBAT	XCH	OPTT	RYM	SCWO	SHIM	FLX	SFWL	JLHL
SUGP		0.73	0.56	0.55	0.5	0.56	-0.17	0.32	0.02	-0.01	SUGP
CBAT	0.73		0.51	0.67	0.64	0.72	-0.31	0.38	0.04	-0.01	CBAT
XCH	0.56	0.51		0.5	0.62	0.44	-0.46	0.5	0.07	-0.07	XCH
OPTT	0.55	0.67	0.5		0.66	0.76	-0.31	0.49	0.04	0.26	OPTT
RYM	0.5	0.64	0.62	0.66		0.78	-0.33	0.56	0.22	0.03	RYM
SCWO	0.56	0.72	0.44	0.76	0.78		-0.39	0.51	0.04	0.21	SCWO
SHIM	-0.17	-0.31	-0.46	-0.31	-0.33	-0.39		-0.38	0.13	0.16	SHIM
FLX	0.32	0.38	0.5	0.49	0.56	0.51	-0.38		0.05	0.25	FLX
SFWL	0.02	0.04	0.07	0.04	0.22	0.04	0.13	0.05		-0.11	SFWL
JLHL	-0.01	-0.01	-0.07	0.26	0.03	0.21	0.16	0.25	-0.11		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	+ 0.78	RYM
SCWO	+ 0.76	OPTT
CBAT	+ 0.73	SUGP
SCWO	+ 0.72	CBAT
OPTT	+ 0.67	CBAT
RYM	+ 0.66	OPTT

High negative correlations

SHIM	- 0.46	XCH
SHIM	- 0.39	SCWO
FLX	- 0.38	SHIM
SHIM	- 0.33	RYM
SHIM	- 0.31	OPTT
SHIM	- 0.31	CBAT

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	6.16	(0.43)	0.00	(0.46)	0.00	0.00	17.52	(11.21)	43.26
CBAT	2.63	(0.21)	0.00	(0.03)	0.00	0.00	4.55	(4.20)	22.75
XCH	7.46	0.60	0.05	(0.76)	7.78	(10.40)	15.79	(10.66)	122.83
OPTT	5.08	(0.36)	(0.01)	0.00	6.68	(6.22)	7.89	(8.82)	36.47
RYM	5.81	(0.80)	0.00	0.91	0.00	0.00	11.39	(15.38)	63.12
SCWO	9.22	0.50	0.04	1.08	9.99	(12.71)	20.80	(22.22)	117.76
SHIM	3.75	0.51	0.12	0.79	3.74	(5.00)	11.93	(5.68)	26.47
FLX	3.37	(0.18)	0.00	(0.04)	0.00	0.00	8.22	(6.92)	25.66
SFWL	2.92	0.21	0.02	(4.25)	4.05	(4.00)	3.90	(6.06)	43.33
JLHL	4.74	0.02	0.01	0.09	7.33	(4.66)	8.83	(11.95)	32.35

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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