374Water Common Correlations
| SCWO Stock | USD 1.01 0.01 0.98% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 374Water Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 374Water Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
374Water Common Correlation With Market
Weak diversification
The correlation between 374Water Common Stock and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 374Water Common Stock and DJI in the same portfolio, assuming nothing else is changed.
374Water |
Moving against 374Water Stock
| 0.49 | ARQ | Arq Inc Symbol Change | PairCorr |
| 0.42 | FSS | Federal Signal | PairCorr |
| 0.4 | CECO | CECO Environmental Corp | PairCorr |
| 0.58 | BE | Bloom Energy Corp | PairCorr |
| 0.56 | HI | Hillenbrand | PairCorr |
| 0.51 | PL | Planet Labs PBC | PairCorr |
| 0.39 | RR | Richtech Robotics Class | PairCorr |
Related Correlations Analysis
| 0.54 | -0.09 | 0.79 | 0.18 | 0.0 | 0.47 | ZWS | ||
| 0.54 | -0.39 | 0.6 | 0.1 | 0.0 | 0.07 | ERII | ||
| -0.09 | -0.39 | -0.43 | 0.7 | 0.0 | 0.38 | CECO | ||
| 0.79 | 0.6 | -0.43 | -0.15 | 0.0 | 0.28 | MKUL | ||
| 0.18 | 0.1 | 0.7 | -0.15 | 0.0 | 0.34 | FSS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | COSLF | ||
| 0.47 | 0.07 | 0.38 | 0.28 | 0.34 | 0.0 | FTEK | ||
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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 374Water Stock performing well and 374Water Common 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 374Water Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZWS | 1.24 | 0.19 | 0.19 | 0.25 | 1.01 | 2.83 | 9.65 | |||
| ERII | 2.08 | (0.28) | 0.00 | (0.09) | 0.00 | 4.14 | 27.67 | |||
| CECO | 2.46 | (0.02) | 0.04 | 0.11 | 3.21 | 4.65 | 18.98 | |||
| MKUL | 5.20 | 0.70 | 0.12 | 1.37 | 5.02 | 12.15 | 36.49 | |||
| FSS | 1.36 | (0.14) | (0.02) | 0.04 | 2.34 | 2.61 | 8.72 | |||
| COSLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTEK | 1.55 | 0.09 | 0.00 | 0.46 | 1.71 | 3.88 | 8.97 |
374Water Common Corporate Management
| Deborah Cooper | Chief Staff | Profile | |
| Jeffrey Esq | Interim Counsel | Profile | |
| Peter Mandel | General Counsel | Profile | |
| Megan Baumgartner | Head Culture | Profile | |
| Doug Hatler | Chief Officer | Profile | |
| Daniel Bogar | Head Operations | Profile |