Tecogen Correlations

TGEN Stock

USD 4.91 0.12 2.39%

The current 90-days correlation between Tecogen and Montana Technologies is 0.44 (i.e., Very weak 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

Weak diversification

The correlation between Tecogen and DJI is 0.3 (i.e., Weak 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 manufacturing.

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
0.62	APT	Alpha Pro Tech	Pair Corr
0.85	NCL	Northann Corp	Pair Corr
0.83	WXM	WF International	Pair Corr
0.64	600876	Luoyang Glass	Pair Corr
0.81	JCTC	Jewett Cameron Trading	Pair Corr
0.76	JELD	Jeld Wen Holding	Pair Corr
0.71	AEP	Atlas Engineered Products	Pair Corr
0.81	ORBS	Eightco Holdings Symbol Change	Pair Corr
0.63	REZI	Resideo Technologies	Pair Corr
0.81	ROCK	Gibraltar Industries	Pair Corr
0.86	AAON	AAON Inc	Pair Corr
0.76	ALLE	Allegion PLC	Pair Corr

Moving against Tecogen Stock

0.78	CSW	CSW Industrials Symbol Change	Pair Corr
0.65	WMS	Advanced Drainage Systems	Pair Corr
0.58	603221	Zhangjiagang Elegant Home	Pair Corr
0.56	JCI	Johnson Controls Int	Pair Corr
0.72	PATK	Patrick Industries	Pair Corr
0.56	002162	Everjoy Health Group	Pair Corr
0.45	CSTE	Caesarstone	Pair Corr
0.35	UFPI	Ufp Industries	Pair Corr

Related Correlations Analysis

	AIRJ	SLDP	BNC	NL	ELVA	CVEO	RLGT	ACTG	FSTR	PKOH
AIRJ		0.65	0.48	0.55	0.31	-0.23	-0.59	-0.75	-0.22	-0.51	AIRJ
SLDP	0.65		0.22	0.39	-0.22	-0.46	-0.57	-0.49	-0.31	-0.52	SLDP
BNC	0.48	0.22		0.61	0.31	-0.32	-0.16	-0.35	-0.33	0.02	BNC
NL	0.55	0.39	0.61		0.27	-0.01	-0.07	-0.33	0.06	0.12	NL
ELVA	0.31	-0.22	0.31	0.27		0.5	0.43	-0.05	0.41	0.33	ELVA
CVEO	-0.23	-0.46	-0.32	-0.01	0.5		0.6	0.35	0.6	0.51	CVEO
RLGT	-0.59	-0.57	-0.16	-0.07	0.43	0.6		0.72	0.67	0.87	RLGT
ACTG	-0.75	-0.49	-0.35	-0.33	-0.05	0.35	0.72		0.44	0.62	ACTG
FSTR	-0.22	-0.31	-0.33	0.06	0.41	0.6	0.67	0.44		0.56	FSTR
PKOH	-0.51	-0.52	0.02	0.12	0.33	0.51	0.87	0.62	0.56		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

PKOH	+ 0.87	RLGT
ACTG	+ 0.72	RLGT
FSTR	+ 0.67	RLGT
SLDP	+ 0.65	AIRJ
PKOH	+ 0.62	ACTG
NL	+ 0.61	BNC

High negative correlations

ACTG	- 0.75	AIRJ
RLGT	- 0.59	AIRJ
RLGT	- 0.57	SLDP
PKOH	- 0.52	SLDP
PKOH	- 0.51	AIRJ
ACTG	- 0.49	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	4.43	(0.48)	0.00	(0.07)	0.00	0.00	13.67	(8.01)	36.80
SLDP	5.35	(0.11)	0.02	0.05	6.29	(6.53)	10.16	(12.29)	72.11
BNC	4.52	(0.83)	0.00	(0.17)	0.00	0.00	9.58	(10.60)	35.96
NL	2.06	(0.12)	0.00	(0.02)	0.00	0.00	5.51	(3.51)	11.49
ELVA	3.51	0.27	0.12	0.16	3.40	(4.36)	7.07	(6.98)	33.61
CVEO	1.47	0.09	0.04	0.17	2.13	(1.55)	2.88	(2.15)	14.66
RLGT	1.21	0.08	0.05	0.14	1.34	(1.34)	2.71	(1.94)	8.55
ACTG	1.78	0.08	0.03	0.16	2.58	(1.66)	3.54	(3.59)	15.00
FSTR	1.61	0.05	0.03	0.13	1.60	(1.90)	3.69	(2.79)	10.80
PKOH	1.90	(0.01)	0.01	0.07	2.54	(2.02)	3.63	(3.66)	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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