Tecogen Correlations

TGEN Stock

USD 3.74 0.40 9.66%

The current 90-days correlation between Tecogen and Montana Technologies is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tecogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tecogen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tecogen Correlation With Market

Excellent diversification

The correlation between Tecogen and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tecogen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tecogen Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tecogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving together with Tecogen Stock

0.85	TT	Trane Technologies plc	Pair Corr
0.94	NCL	Northann Corp	Pair Corr
0.72	WXM	WF International	Pair Corr
0.62	600202	Harbin Air Conditioning	Pair Corr
0.78	JCTC	Jewett Cameron Trading	Pair Corr
0.89	MSAI	Infrared Cameras Holdings	Pair Corr
0.9	ORBS	Eightco Holdings Symbol Change	Pair Corr
0.63	ROCK	Gibraltar Industries	Pair Corr

Moving against Tecogen Stock

0.74	CSW	CSW Industrials Symbol Change	Pair Corr
0.68	603221	Zhangjiagang Elegant Home	Pair Corr
0.67	NX	Quanex Building Products	Pair Corr
0.67	WMS	Advanced Drainage Systems Earnings Call This Week	Pair Corr
0.65	AOS	Smith AO	Pair Corr
0.6	IIIN	Insteel Industries	Pair Corr
0.55	GFF	Griffon Earnings Call This Week	Pair Corr
0.55	EMB	Embelton	Pair Corr
0.53	FBIN	Fortune Brands Innov Earnings Call This Week	Pair Corr
0.47	CNR	Core Natural Resources	Pair Corr
0.44	MAS	Masco	Pair Corr
0.42	GWA	GWA Group	Pair Corr
0.42	FAN	Volution Group plc	Pair Corr
0.75	CSTE	Caesarstone	Pair Corr
0.73	603992	Xiamen Solex High	Pair Corr
0.72	PATK	Patrick Industries Earnings Call This Week	Pair Corr
0.66	301043	Guangdong Nedfon Air	Pair Corr
0.61	SLF	Sun Life Financial	Pair Corr
0.59	UFPI	Ufp Industries	Pair Corr
0.56	300599	Guangdong Xiongsu	Pair Corr
0.45	002162	Everjoy Health Group	Pair Corr
0.41	002631	Der International Home	Pair Corr

Related Correlations Analysis

	AIRJ	SLDP	BNC	NL	ELVA	CVEO	RLGT	ACTG	FSTR	PKOH
AIRJ		0.54	0.03	-0.01	-0.09	-0.15	-0.51	-0.68	-0.18	-0.5	AIRJ
SLDP	0.54		-0.14	0.1	-0.27	-0.25	-0.44	-0.33	-0.18	-0.38	SLDP
BNC	0.03	-0.14		-0.15	-0.21	-0.21	0.06	-0.12	-0.32	0.14	BNC
NL	-0.01	0.1	-0.15		0.72	0.76	0.49	0.43	0.72	0.62	NL
ELVA	-0.09	-0.27	-0.21	0.72		0.95	0.65	0.54	0.81	0.66	ELVA
CVEO	-0.15	-0.25	-0.21	0.76	0.95		0.68	0.56	0.81	0.69	CVEO
RLGT	-0.51	-0.44	0.06	0.49	0.65	0.68		0.72	0.71	0.87	RLGT
ACTG	-0.68	-0.33	-0.12	0.43	0.54	0.56	0.72		0.6	0.71	ACTG
FSTR	-0.18	-0.18	-0.32	0.72	0.81	0.81	0.71	0.6		0.71	FSTR
PKOH	-0.5	-0.38	0.14	0.62	0.66	0.69	0.87	0.71	0.71		PKOH
	AIRJ	SLDP	BNC	NL	ELVA	CVEO	RLGT	ACTG	FSTR	PKOH

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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

CVEO	+ 0.95	ELVA
PKOH	+ 0.87	RLGT
FSTR	+ 0.81	ELVA
FSTR	+ 0.81	CVEO
CVEO	+ 0.76	NL
ELVA	+ 0.72	NL

High negative correlations

ACTG	- 0.68	AIRJ
RLGT	- 0.51	AIRJ
PKOH	- 0.5	AIRJ
RLGT	- 0.44	SLDP
PKOH	- 0.38	SLDP
ACTG	- 0.33	SLDP

Risk-Adjusted Indicators

There is a big difference between Tecogen Stock performing well and Tecogen 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 Tecogen'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
AIRJ	3.90	(0.70)	0.00	(0.20)	0.00	0.00	13.28	(7.52)	31.81
SLDP	4.79	(0.21)	0.00	(0.03)	0.00	0.00	9.41	(8.29)	72.11
BNC	4.49	(0.56)	0.00	(0.17)	0.00	0.00	9.58	(9.22)	35.96
NL	2.23	0.08	0.04	0.11	2.35	(2.77)	5.51	(4.21)	20.34
ELVA	3.36	0.86	0.24	0.39	3.03	(3.94)	8.04	(5.74)	34.89
CVEO	1.16	0.14	0.06	0.30	1.82	(1.22)	2.41	(1.82)	14.66
RLGT	1.36	0.13	0.08	0.12	1.58	(1.51)	3.84	(3.07)	8.55
ACTG	1.77	0.21	0.08	0.27	2.29	(1.83)	3.54	(3.39)	15.00
FSTR	1.60	0.17	0.11	0.19	1.45	(1.97)	3.75	(2.38)	11.26
PKOH	1.97	0.12	0.05	0.11	2.53	(2.10)	4.77	(3.60)	14.74

Tecogen Corporate Management

IV JD	G Sec	Profile
Robert Panora	Pres and Chief Operations Officer	Profile
Barbara Bernard	Managing Communications	Profile
Jeffrey Glick	VP Sales	Profile
Tristen Howell	Office Manager	Profile
Abinand Rangesh	Treasurer CFO	Profile
Roger Deschenes	Chief Treasurer	Profile

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