NET Power Correlations
| NPWR Stock | 2.50 0.09 3.47% |
The current 90-days correlation between NET Power and Aldel Financial II is 0.03 (i.e., Significant diversification). The correlation of NET 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.
NET Power Correlation With Market
Very weak diversification
The correlation between NET Power and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NET Power and DJI in the same portfolio, assuming nothing else is changed.
NET |
Moving together with NET Stock
| 0.93 | BW | Babcock Wilcox Enter | PairCorr |
| 0.82 | HI | Hillenbrand | PairCorr |
| 0.85 | IR | Ingersoll Rand | PairCorr |
| 0.68 | RR | Richtech Robotics Class | PairCorr |
| 0.77 | CMI | Cummins | PairCorr |
| 0.79 | CXT | Crane NXT | PairCorr |
| 0.82 | EMR | Emerson Electric | PairCorr |
| 0.79 | ETN | Eaton PLC | PairCorr |
| 0.79 | FLS | Flowserve | PairCorr |
| 0.85 | GHM | Graham | PairCorr |
| 0.82 | IEX | IDEX | PairCorr |
| 0.74 | ITT | ITT Inc | PairCorr |
| 0.78 | MIR | Mirion Technologies | PairCorr |
| 0.86 | XMTR | Xometry | PairCorr |
| 0.88 | PNR | Pentair PLC | PairCorr |
| 0.65 | ROK | Rockwell Automation | PairCorr |
| 0.87 | RRX | Regal Beloit | PairCorr |
| 0.62 | SMR | Nuscale Power Corp | PairCorr |
| 0.79 | SXI | Standex International | PairCorr |
| 0.68 | SYM | Symbotic | PairCorr |
Moving against NET Stock
Related Correlations Analysis
| 0.69 | -0.84 | 0.83 | 0.29 | 0.11 | 0.94 | ALDF | ||
| 0.69 | -0.73 | 0.8 | -0.34 | 0.0 | 0.72 | TW | ||
| -0.84 | -0.73 | -0.91 | -0.13 | -0.1 | -0.83 | SNDL | ||
| 0.83 | 0.8 | -0.91 | 0.1 | 0.05 | 0.82 | NHI | ||
| 0.29 | -0.34 | -0.13 | 0.1 | 0.07 | 0.19 | VHC | ||
| 0.11 | 0.0 | -0.1 | 0.05 | 0.07 | 0.14 | SPG-PJ | ||
| 0.94 | 0.72 | -0.83 | 0.82 | 0.19 | 0.14 | AAM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NET Stock performing well and NET 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 NET 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALDF | 0.08 | 0.02 | 0.43 | 0.53 | 0.00 | 0.20 | 0.50 | |||
| TW | 1.09 | 0.16 | 0.14 | 0.45 | 1.18 | 2.36 | 5.87 | |||
| SNDL | 2.08 | (0.33) | 0.00 | 8.53 | 0.00 | 4.62 | 11.94 | |||
| NHI | 1.11 | 0.15 | 0.11 | 0.30 | 1.33 | 2.33 | 5.15 | |||
| VHC | 3.99 | 1.00 | 0.23 | 1.13 | 3.44 | 8.46 | 77.83 | |||
| SPG-PJ | 0.78 | 0.02 | 0.05 | 0.34 | 0.98 | 2.10 | 5.55 | |||
| AAM | 0.13 | 0.02 | 0.15 | 0.41 | 0.19 | 0.20 | 2.99 |
NET Power Corporate Management
| Jessica Jones | VP Controller | Profile | |
| Xijia Lu | Chief Officer | Profile | |
| Mark Lennon | Chief Officer | Profile | |
| Amy Keyser | Chief Officer | Profile | |
| Akash Patel | Chief Officer | Profile |