HydroGraph Clean Correlations
| HGCPFDelisted Stock | USD 0.10 0.02 16.67% |
The correlation of HydroGraph Clean 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.
HydroGraph Clean Correlation With Market
Significant diversification
The correlation between HydroGraph Clean Power and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HydroGraph Clean Power and DJI in the same portfolio, assuming nothing else is changed.
HydroGraph |
The ability to find closely correlated positions to HydroGraph Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HydroGraph Clean 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 HydroGraph Clean - 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 HydroGraph Clean Power to buy it.
Moving against HydroGraph OTC Stock
| 0.54 | AUR | Aurora Innovation Sell-off Trend | PairCorr |
| 0.52 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.42 | APD | Air Products | PairCorr |
| 0.37 | ECL | Ecolab Inc | PairCorr |
| 0.78 | GARPF | Golden Agri Resources | PairCorr |
| 0.63 | CIADY | China Mengniu Dairy | PairCorr |
| 0.61 | DDD | 3D Systems | PairCorr |
| 0.44 | ESRT | Empire State Realty | PairCorr |
| 0.43 | B | Barnes Group | PairCorr |
| 0.42 | TTD | Trade Desk | PairCorr |
| 0.42 | FDS | FactSet Research Systems | PairCorr |
| 0.38 | MA | Mastercard | PairCorr |
| 0.34 | GOODN | Gladstone Commercial Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HydroGraph OTC Stock performing well and HydroGraph Clean OTC Stock 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 HydroGraph Clean'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APGMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GPHBF | 7.10 | (0.58) | 0.00 | (1.17) | 0.00 | 13.33 | 62.82 | |||
| NNOMF | 3.68 | 0.03 | 0.02 | 0.15 | 3.58 | 6.10 | 44.43 | |||
| HDGHF | 17.22 | 1.65 | 0.07 | 4.14 | 16.99 | 45.00 | 136.67 | |||
| OCLDY | 1.11 | 0.04 | (0.01) | (0.01) | 2.50 | 4.32 | 27.50 | |||
| GSPI | 9.06 | 1.11 | 0.06 | 1.58 | 9.81 | 25.00 | 73.86 | |||
| GLGI | 3.17 | (0.60) | 0.00 | (0.99) | 0.00 | 5.45 | 22.42 | |||
| NANX | 5.91 | 0.39 | 0.06 | 0.33 | 7.18 | 13.28 | 75.92 | |||
| GMGMF | 3.81 | 0.04 | (0.03) | 0.01 | 4.17 | 9.09 | 18.22 |
View HydroGraph Clean Related Equities
| Risk & Return | Correlation |
HydroGraph Clean Corporate Management
Elected by the shareholders, the HydroGraph Clean's board of directors comprises two types of representatives: HydroGraph Clean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HydroGraph. The board's role is to monitor HydroGraph Clean's management team and ensure that shareholders' interests are well served. HydroGraph Clean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HydroGraph Clean's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stuart Jara | CEO Director | Profile | |
| Barry Hemsworth | VP Director | Profile | |
| BCom ACA | Controller Sec | Profile | |
| Robert Wowk | Chief Officer | Profile | |
| Ranjith Divigalpitiya | Chief Officer | Profile | |
| Kjirstin Breure | Pres Director | Profile |
Still Interested in HydroGraph Clean Power?
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