Verde Clean Correlations
| VGAS Stock | 1.98 0.24 10.81% |
The current 90-days correlation between Verde Clean Fuels and NextNRG is 0.09 (i.e., Significant diversification). The correlation of Verde 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Verde Clean Correlation With Market
Average diversification
The correlation between Verde Clean Fuels and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verde Clean Fuels and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Verde Stock
| 0.77 | ES | Eversource Energy | PairCorr |
| 0.66 | JEL | Jersey Electricity plc | PairCorr |
| 0.66 | EVRG | Evergy, | PairCorr |
| 0.72 | DUK | Duke Energy | PairCorr |
| 0.64 | EMP | Entergy Mississippi LLC | PairCorr |
| 0.61 | ENJ | Entergy New Orleans | PairCorr |
| 0.68 | ETR | Entergy | PairCorr |
| 0.69 | EXC | Exelon | PairCorr |
| 0.71 | GNE | Genie Energy | PairCorr |
| 0.63 | OGE | OGE Energy | PairCorr |
Moving against Verde Stock
| 0.65 | DUKB | Duke Energy Corp | PairCorr |
| 0.5 | ENIC | Enel Chile SA | PairCorr |
| 0.49 | ALE | Allete Inc | PairCorr |
| 0.31 | ACO-Y | ATCO | PairCorr |
| 0.35 | EDN | Empresa Distribuidora | PairCorr |
Related Correlations Analysis
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 Verde Stock performing well and Verde Clean 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 Verde 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NXXT | 8.13 | (0.34) | 0.00 | (0.01) | 0.00 | 16.89 | 68.14 | |||
| SUUN | 4.29 | 0.03 | 0.01 | 0.08 | 4.91 | 11.92 | 27.00 | |||
| RAIN | 4.97 | 0.83 | 0.16 | 0.37 | 5.52 | 12.96 | 31.24 | |||
| EMP | 0.39 | (0.12) | 0.00 | (1.46) | 0.00 | 0.57 | 2.94 | |||
| ENO | 0.48 | (0.08) | 0.00 | (0.12) | 0.00 | 0.92 | 3.43 | |||
| WAVE | 2.88 | (0.54) | 0.00 | (2.76) | 0.00 | 6.58 | 17.79 | |||
| GPJA | 0.40 | (0.07) | 0.00 | (0.12) | 0.00 | 0.77 | 2.32 | |||
| VIASP | 0.37 | 0.04 | (0.03) | 0.91 | 0.45 | 0.94 | 2.95 | |||
| CREG | 4.16 | (0.09) | 0.00 | 0.02 | 4.70 | 8.00 | 19.66 |
Verde Clean Corporate Management
| Ernest IV | Chief Officer | Profile | |
| Rohn Crabtree | Executive Development | Profile | |
| George III | Chief Officer | Profile | |
| Shannon Linden | Chief Officer | Profile | |
| George Burdette | Chief Officer | Profile | |
| Vincent Marchese | Controller | Profile | |
| John Doyle | Chief Officer | Profile |