Photon Energy Correlations
| PEN Stock | CZK 26.90 0.70 2.67% |
The current 90-days correlation between Photon Energy NV and JT ARCH INVESTMENTS is 0.03 (i.e., Significant diversification). The correlation of Photon Energy 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.
Photon Energy Correlation With Market
Good diversification
The correlation between Photon Energy NV and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Photon Energy NV and DJI in the same portfolio, assuming nothing else is changed.
Photon |
The ability to find closely correlated positions to Photon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Photon Energy 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 Photon Energy - 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 Photon Energy NV to buy it.
Moving together with Photon Stock
| 0.64 | FILL | Fillamentum as | PairCorr |
| 0.67 | KLIKY | MT 1997 AS | PairCorr |
| 0.68 | BEZVA | Bezvavlasy as | PairCorr |
| 0.76 | FIXED | FIXEDzone as | PairCorr |
Moving against Photon Stock
| 0.76 | KOFOL | Kofola CeskoSlovensko | PairCorr |
| 0.7 | HWIO | HARDWARIO as | PairCorr |
| 0.68 | CEZ | Cez AS | PairCorr |
| 0.39 | PRIUA | Primoco UAV SE | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Photon Stock performing well and Photon Energy 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 Photon Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JTINA | 0.17 | 0.09 | 0.00 | 2.17 | 0.00 | 0.60 | 1.17 | |||
| UQA | 0.55 | 0.13 | 0.12 | 5.67 | 0.31 | 1.62 | 5.72 | |||
| RBI | 1.42 | 0.26 | 0.11 | 0.24 | 1.65 | 2.86 | 12.54 | |||
| MONET | 1.02 | 0.37 | 0.26 | 1.76 | 0.66 | 3.26 | 7.62 | |||
| KOMB | 0.54 | 0.14 | 0.21 | 0.91 | 0.33 | 1.42 | 3.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Photon Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Photon Energy Corporate Management
Elected by the shareholders, the Photon Energy's board of directors comprises two types of representatives: Photon Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Photon. The board's role is to monitor Photon Energy's management team and ensure that shareholders' interests are well served. Photon Energy'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, Photon Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Georg Hotar | CEO CoFounder | Profile | |
| Ondrej Sedlon | Chief Officer | Profile | |
| Michael Gartner | CTO, CoFounder | Profile | |
| Martin Kysly | Head Communications | Profile | |
| Marek Farsk | Managing CEE | Profile | |
| Clemens Wohlmuth | Chief Officer | Profile | |
| Joanna Rzesiewska | Investor Mang | Profile |