Tecogen Correlations

TGEN Stock

USD 3.54 0.14 3.80%

The current 90-days correlation between Tecogen and Montana Technologies is 0.14 (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

Pay attention - limited upside

The correlation between Tecogen and DJI is -0.78 (i.e., Pay attention - limited upside) 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 housing.

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

Moving together with Tecogen Stock

0.79	2VI	Arlo Technologies Earnings Call This Week	Pair Corr
0.92	NCL	Northann Corp	Pair Corr
0.61	DKI	Daikin IndustriesLtd	Pair Corr

Moving against Tecogen Stock

0.89	NX	Quanex Building Products	Pair Corr
0.84	VO1	Volution Group plc	Pair Corr
0.83	FAN	Volution Group plc	Pair Corr
0.82	AOS	Smith AO	Pair Corr
0.78	OC	Owens Corning	Pair Corr
0.76	LFPB	TRAVIS PERKINS LS	Pair Corr
0.74	52SA	SYSTEMAIR AB	Pair Corr
0.7	APT	Alpha Pro Tech	Pair Corr
0.68	GWA	GWA Group	Pair Corr
0.66	75L	TAIKISHA LTD	Pair Corr
0.64	FBIN	Fortune Brands Innov	Pair Corr
0.62	6DA	Advanced Drainage Systems	Pair Corr
0.58	LXI	Lennox International	Pair Corr
0.52	AWI	Armstrong World Indu Earnings Call This Week	Pair Corr
0.49	ANP	Apogee Enterprises	Pair Corr
0.4	TT	Trane Technologies plc	Pair Corr
0.9	ZEHN	Zehnder Earnings Call This Week	Pair Corr
0.82	MPP	Metro Performance Glass	Pair Corr
0.78	GFF	Griffon	Pair Corr
0.78	BEAN	Belimo Holding Earnings Call Tomorrow	Pair Corr
0.75	MAS	Masco	Pair Corr
0.73	SSD	Simpson Manufacturing	Pair Corr
0.7	CNR	Core Natural Resources	Pair Corr
0.68	APL	Alpha Pro Tech	Pair Corr
0.66	WMS	Advanced Drainage Systems	Pair Corr
0.65	0P5	Genuit Group plc	Pair Corr
0.62	JCI	Johnson Controls Int	Pair Corr
0.62	LII	Lennox International	Pair Corr
0.56	2FB	Fortune Brands Home	Pair Corr
0.51	ZWS	Zurn Elkay Water	Pair Corr
0.42	B1F	Builders FirstSource	Pair Corr
0.35	SUR	Surteco Group SE	Pair Corr
0.32	CSW	CSW Industrials Symbol Change	Pair Corr

Related Correlations Analysis

	AIRJ	SLDP	BNC	NL	ELVA	CVEO	RLGT	ACTG	FSTR	PKOH
AIRJ		0.29	0.0	-0.25	0.1	-0.24	-0.32	-0.46	-0.23	-0.4	AIRJ
SLDP	0.29		0.45	-0.32	-0.22	-0.69	-0.72	-0.58	-0.67	-0.7	SLDP
BNC	0.0	0.45		-0.52	-0.36	-0.7	-0.49	-0.41	-0.69	-0.53	BNC
NL	-0.25	-0.32	-0.52		0.73	0.81	0.71	0.77	0.81	0.76	NL
ELVA	0.1	-0.22	-0.36	0.73		0.66	0.49	0.59	0.68	0.47	ELVA
CVEO	-0.24	-0.69	-0.7	0.81	0.66		0.89	0.82	0.94	0.92	CVEO
RLGT	-0.32	-0.72	-0.49	0.71	0.49	0.89		0.76	0.85	0.94	RLGT
ACTG	-0.46	-0.58	-0.41	0.77	0.59	0.82	0.76		0.81	0.82	ACTG
FSTR	-0.23	-0.67	-0.69	0.81	0.68	0.94	0.85	0.81		0.88	FSTR
PKOH	-0.4	-0.7	-0.53	0.76	0.47	0.92	0.94	0.82	0.88		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

FSTR	+ 0.94	CVEO
PKOH	+ 0.94	RLGT
PKOH	+ 0.92	CVEO
RLGT	+ 0.89	CVEO
PKOH	+ 0.88	FSTR
FSTR	+ 0.85	RLGT

High negative correlations

RLGT	- 0.72	SLDP
CVEO	- 0.7	BNC
PKOH	- 0.7	SLDP
FSTR	- 0.69	BNC
CVEO	- 0.69	SLDP
FSTR	- 0.67	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	4.22	(0.53)	0.00	(0.08)	0.00	0.00	13.28	(7.52)	31.81
SLDP	3.33	(0.90)	0.00	(0.39)	0.00	0.00	5.89	(7.46)	19.34
BNC	4.28	(0.40)	0.00	(0.11)	0.00	0.00	9.58	(8.02)	35.96
NL	2.20	0.19	0.07	0.27	2.33	(2.53)	5.51	(4.21)	20.34
ELVA	3.82	0.69	0.15	0.32	4.83	(4.26)	8.39	(6.02)	46.08
CVEO	0.94	0.35	0.37	0.48	0.33	(1.14)	2.53	(1.38)	4.56
RLGT	1.78	0.28	0.14	0.24	1.96	(2.00)	3.86	(3.68)	23.53
ACTG	1.61	0.12	0.06	0.18	2.01	(1.69)	3.30	(3.28)	8.11
FSTR	1.44	0.17	0.11	0.24	1.32	(1.69)	3.47	(2.38)	11.26
PKOH	1.93	0.37	0.17	0.36	1.86	(2.19)	5.26	(3.57)	10.51

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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