Northstar Clean Correlations

ROOOF Stock

USD 0.15 0.01 6.25%

The current 90-days correlation between Northstar Clean Tech and Global Clean Energy is -0.01 (i.e., Good diversification). The correlation of Northstar 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.

Northstar Clean Correlation With Market

Pay attention - limited upside

The correlation between Northstar Clean Technologies and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northstar Clean Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Northstar 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 Northstar 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 Northstar 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 Northstar Clean Technologies to buy it.

Moving together with Northstar OTC Stock

0.82	VFSWW	VinFast Auto	Pair Corr
0.79	HPQ	HP Inc	Pair Corr

Moving against Northstar OTC Stock

0.91	CWST	Casella Waste Systems Earnings Call This Week	Pair Corr
0.9	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.87	WM	Waste Management	Pair Corr
0.8	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.68	VEOEY	Veolia Environnement	Pair Corr
0.67	TMRAY	Tomra Systems ASA Earnings Call Next Week	Pair Corr
0.67	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.65	TMRAF	Tomra Systems ASA Earnings Call Next Week	Pair Corr
0.65	EC	Ecopetrol SA ADR	Pair Corr
0.64	VEOEF	Veolia Environnement	Pair Corr
0.62	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.58	RSG	Republic Services Earnings Call This Week	Pair Corr
0.56	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.56	NFG	National Fuel Gas	Pair Corr
0.52	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.47	GNTX	Gentex	Pair Corr
0.44	GGLDF	Getchell Gold Corp	Pair Corr
0.88	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.72	SECVY	Seche Environnement	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	RILYL	B Riley Financial	Pair Corr
0.62	INTC	Intel	Pair Corr
0.62	MCD	McDonalds Earnings Call This Week	Pair Corr
0.52	FCAP	First Capital Normal Trading	Pair Corr

Related Correlations Analysis

	ECLMF	GCEI	CTRNF	AQUEF	GNOLF	VCIGF	SUNTF	VIAAY	GEOUF	WHWRF
ECLMF		0.02	0.08	0.27	0.2	-0.08	0.0	-0.07	-0.13	0.0	ECLMF
GCEI	0.02		-0.08	-0.36	-0.45	-0.27	0.0	-0.2	-0.26	0.0	GCEI
CTRNF	0.08	-0.08		-0.11	-0.13	-0.26	0.0	-0.06	-0.41	0.0	CTRNF
AQUEF	0.27	-0.36	-0.11		0.85	0.19	0.0	-0.06	0.41	0.0	AQUEF
GNOLF	0.2	-0.45	-0.13	0.85		0.22	0.0	-0.07	0.49	0.0	GNOLF
VCIGF	-0.08	-0.27	-0.26	0.19	0.22		0.0	0.12	0.39	0.0	VCIGF
SUNTF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	1.0	SUNTF
VIAAY	-0.07	-0.2	-0.06	-0.06	-0.07	0.12	0.0		0.17	0.0	VIAAY
GEOUF	-0.13	-0.26	-0.41	0.41	0.49	0.39	0.0	0.17		0.0	GEOUF
WHWRF	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0		WHWRF
	ECLMF	GCEI	CTRNF	AQUEF	GNOLF	VCIGF	SUNTF	VIAAY	GEOUF	WHWRF

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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

WHWRF	+ 1.0	SUNTF
GNOLF	+ 0.85	AQUEF
GEOUF	+ 0.49	GNOLF
GEOUF	+ 0.41	AQUEF
GEOUF	+ 0.39	VCIGF
AQUEF	+ 0.27	ECLMF

High negative correlations

GNOLF	- 0.45	GCEI
GEOUF	- 0.41	CTRNF
AQUEF	- 0.36	GCEI
VCIGF	- 0.27	GCEI
VCIGF	- 0.26	CTRNF
GEOUF	- 0.26	GCEI

Risk-Adjusted Indicators

There is a big difference between Northstar OTC Stock performing well and Northstar 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 Northstar 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
ECLMF	1.73	(0.54)	0.00	(0.85)	0.00	0.00	0.00	0.00	23.72
GCEI	5.57	0.38	0.07	0.25	5.36	(7.04)	13.89	(8.76)	52.75
CTRNF	1.84	0.27	0.00	(0.34)	0.00	0.00	5.26	0.00	76.39
AQUEF	0.30	(0.16)	0.00	5.98	0.00	0.00	0.00	0.00	10.00
GNOLF	0.99	(0.45)	0.00	0.49	0.00	0.00	0.00	0.00	33.11
VCIGF	0.98	0.09	0.00	(0.04)	0.00	0.00	2.35	(2.07)	25.95
SUNTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIAAY	1.48	0.14	0.00	(2.38)	0.00	0.00	0.00	0.00	48.04
GEOUF	2.11	(1.20)	0.00	(1.37)	0.00	0.00	0.00	(6.41)	42.65
WHWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northstar Clean 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.

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Northstar Clean Corporate Management

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

PEng B	Ex Chairman	Profile
Rosemary Pritchard	Chief Officer	Profile
Terry Charles	COO Operations	Profile
Kellie Johnston	Corp Officer	Profile
Carson MBA	Director Devel	Profile
Aidan MBA	Pres CEO	Profile
Gordon Johnson	Director Director	Profile

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