Ideal Power Correlations

IPWR Stock

USD 4.57 0.10 2.24%

The current 90-days correlation between Ideal Power and Flux Power Holdings is 0.14 (i.e., Average diversification). The correlation of Ideal 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.

Ideal Power Correlation With Market

Very good diversification

The correlation between Ideal Power and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ideal Power and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ideal Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ideal Power. 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.

To learn how to invest in Ideal Stock, please use our How to Invest in Ideal Power guide.

Moving together with Ideal Stock

0.66	EGY	Energy Technologies	Pair Corr
0.86	WATT	Energous	Pair Corr
0.78	FLUX	Flux Power Holdings Earnings Call Next Week	Pair Corr
0.7	002249	Zhongshan Broad Ocean	Pair Corr
0.78	GNRC	Generac Holdings	Pair Corr
0.85	002670	Guosheng Financial	Pair Corr
0.67	CPV	Clearvue Technologies	Pair Corr
0.78	LYTS	LSI Industries	Pair Corr
0.69	300207	Sunwoda Electronic	Pair Corr

Moving against Ideal Stock

0.7	300548	Broadex Technologies	Pair Corr
0.62	ROK	Rockwell Automation	Pair Corr
0.61	ENS	Enersys	Pair Corr
0.53	AME	Ametek Inc Earnings Call This Week	Pair Corr
0.49	ESP	Espey Mfg Electronics	Pair Corr
0.34	ST	Sensata Technologies	Pair Corr
0.34	VICR	Vicor	Pair Corr
0.66	300648	Fujian Nebula Electronics	Pair Corr
0.61	605005	CWB Automotive Elect	Pair Corr
0.54	FCTI	Fact Inc	Pair Corr
0.42	GRID	Tantalus Systems Holding	Pair Corr
0.4	300032	Jinlong Machinery	Pair Corr

Related Correlations Analysis

	FLUX	ADSE	GWH	NEOV	OESX	APWC	CLIR	PPSI	SDST	STI
FLUX		-0.59	0.79	0.13	-0.73	0.31	0.54	0.1	0.71	0.66	FLUX
ADSE	-0.59		-0.8	-0.41	0.75	-0.18	-0.77	0.26	-0.49	-0.76	ADSE
GWH	0.79	-0.8		0.26	-0.89	0.37	0.75	-0.11	0.64	0.8	GWH
NEOV	0.13	-0.41	0.26		-0.14	-0.31	0.54	-0.07	0.51	0.42	NEOV
OESX	-0.73	0.75	-0.89	-0.14		-0.41	-0.64	0.05	-0.54	-0.73	OESX
APWC	0.31	-0.18	0.37	-0.31	-0.41		-0.01	-0.18	-0.05	0.0	APWC
CLIR	0.54	-0.77	0.75	0.54	-0.64	-0.01		-0.13	0.59	0.82	CLIR
PPSI	0.1	0.26	-0.11	-0.07	0.05	-0.18	-0.13		0.38	-0.13	PPSI
SDST	0.71	-0.49	0.64	0.51	-0.54	-0.05	0.59	0.38		0.59	SDST
STI	0.66	-0.76	0.8	0.42	-0.73	0.0	0.82	-0.13	0.59		STI
	FLUX	ADSE	GWH	NEOV	OESX	APWC	CLIR	PPSI	SDST	STI

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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

STI	+ 0.82	CLIR
STI	+ 0.8	GWH
GWH	+ 0.79	FLUX
OESX	+ 0.75	ADSE
CLIR	+ 0.75	GWH
SDST	+ 0.71	FLUX

High negative correlations

OESX	- 0.89	GWH
GWH	- 0.8	ADSE
CLIR	- 0.77	ADSE
STI	- 0.76	ADSE
STI	- 0.73	OESX
OESX	- 0.73	FLUX

Risk-Adjusted Indicators

There is a big difference between Ideal Stock performing well and Ideal 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 Ideal 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
FLUX	5.49	(2.14)	0.00	(0.68)	0.00	0.00	9.87	(16.54)	35.25
ADSE	2.40	0.30	0.10	0.62	2.50	(2.90)	5.43	(4.04)	17.85
GWH	4.84	(1.52)	0.00	(0.38)	0.00	0.00	6.91	(9.24)	61.03
NEOV	5.38	0.41	0.08	0.29	5.89	(6.47)	11.55	(9.51)	50.89
OESX	5.03	1.21	0.22	(1.68)	4.47	(6.47)	14.72	(7.43)	39.21
APWC	2.21	(0.09)	0.00	0.35	0.00	0.00	5.08	(4.23)	14.43
CLIR	4.48	(0.18)	0.00	(0.20)	0.00	0.00	8.33	(9.33)	37.67
PPSI	3.32	0.01	0.03	0.07	4.10	(3.45)	8.30	(6.91)	21.83
SDST	4.68	(0.05)	0.01	0.05	6.57	(4.31)	8.84	(9.77)	26.43
STI	6.82	(0.10)	0.00	0.02	6.52	(9.43)	17.15	(10.75)	34.94

Ideal Power Corporate Executives

Elected by the shareholders, the Ideal Power's board of directors comprises two types of representatives: Ideal Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ideal. The board's role is to monitor Ideal Power's management team and ensure that shareholders' interests are well served. Ideal Power'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, Ideal Power's outside directors are responsible for providing unbiased perspectives on the board's policies.

Timothy CPA

Secretary CFO

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