Verde Clean Correlations

VGAS Stock

1.76 0.11 5.88%

The current 90-days correlation between Verde Clean Fuels and SolarBank Common is -0.04 (i.e., Good 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

Pay attention - limited upside

The correlation between Verde Clean Fuels and DJI is -0.74 (i.e., Pay attention - limited upside) 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.

Build AI portfolio with Verde Stock

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

Moving together with Verde Stock

0.71	RNWWW	ReNew Energy Global	Pair Corr
0.68	EXC	Exelon	Pair Corr
0.7	GNE	Genie Energy	Pair Corr
0.72	NRG	NRG Energy	Pair Corr
0.76	RNW	Renew Energy Global	Pair Corr
0.71	XEL	Xcel Energy Earnings Call This Week	Pair Corr
0.83	T8T	TELECOM PLUS PLC	Pair Corr
0.82	MGEE	MGE Energy	Pair Corr

Moving against Verde Stock

0.83	GZF	Engie SA	Pair Corr
0.79	EIX	Edison International	Pair Corr
0.7	ENIC	Enel Chile SA	Pair Corr
0.69	HE	Hawaiian Electric	Pair Corr
0.57	FTS	Fortis Inc	Pair Corr
0.53	DUKB	Duke Energy Corp	Pair Corr
0.52	KEP	Korea Electric Power	Pair Corr
0.87	TXNM	TXNM Energy	Pair Corr
0.8	CUD	Canadian Utilities	Pair Corr
0.75	EBR-B	Centrais Eltricas	Pair Corr
0.74	AQNB	Algonquin Power Utilities	Pair Corr
0.72	CU	Canadian Utilities	Pair Corr
0.7	ACO-X	ATCO	Pair Corr
0.65	CUP-U	Caribbean Utilities	Pair Corr
0.51	L3XB	Centrais Elétricas Split	Pair Corr
0.46	POR	Portland General Electric	Pair Corr
0.45	OTTR	Otter Tail	Pair Corr
0.43	PNW	Pinnacle West Capital	Pair Corr

Related Correlations Analysis

	NXXT	SUUN	RAIN	EMP	ENO	WAVE	GPJA	VIASP	CREG
NXXT		0.05	0.62	0.46	0.24	0.66	-0.28	-0.56	-0.05	NXXT
SUUN	0.05		0.09	-0.17	-0.01	-0.27	0.08	0.21	-0.12	SUUN
RAIN	0.62	0.09		-0.09	-0.14	0.43	-0.71	-0.69	-0.35	RAIN
EMP	0.46	-0.17	-0.09		0.8	0.4	0.52	-0.12	-0.05	EMP
ENO	0.24	-0.01	-0.14	0.8		0.02	0.59	0.22	-0.13	ENO
WAVE	0.66	-0.27	0.43	0.4	0.02		-0.39	-0.8	0.17	WAVE
GPJA	-0.28	0.08	-0.71	0.52	0.59	-0.39		0.66	0.25	GPJA
VIASP	-0.56	0.21	-0.69	-0.12	0.22	-0.8	0.66		0.22	VIASP
CREG	-0.05	-0.12	-0.35	-0.05	-0.13	0.17	0.25	0.22		CREG
	NXXT	SUUN	RAIN	EMP	ENO	WAVE	GPJA	VIASP	CREG

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

ENO	+ 0.8	EMP
WAVE	+ 0.66	NXXT
VIASP	+ 0.66	GPJA
RAIN	+ 0.62	NXXT
GPJA	+ 0.59	ENO
GPJA	+ 0.52	EMP

High negative correlations

VIASP	- 0.8	WAVE
GPJA	- 0.71	RAIN
VIASP	- 0.69	RAIN
VIASP	- 0.56	NXXT
GPJA	- 0.39	WAVE
CREG	- 0.35	RAIN

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	6.72	(0.74)	0.00	(0.16)	0.00	0.00	14.94	(12.03)	50.65
SUUN	4.82	0.28	0.05	0.69	5.05	(6.20)	12.94	(8.90)	31.32
RAIN	5.22	(1.20)	0.00	(0.89)	0.00	0.00	11.31	(14.38)	48.65
EMP	0.32	(0.08)	0.00	(0.21)	0.00	0.00	0.58	(0.72)	1.81
ENO	0.50	(0.06)	0.00	(0.18)	0.00	0.00	0.94	(1.15)	3.40
WAVE	2.32	(0.68)	0.00	66.97	0.00	0.00	5.70	(5.98)	16.43
GPJA	0.38	(0.03)	0.00	(0.03)	0.00	0.00	0.85	(0.88)	1.82
VIASP	0.28	0.03	(0.03)	2.00	0.26	(0.33)	0.64	(0.60)	2.04
CREG	3.51	(0.01)	(0.01)	0.02	3.99	(4.02)	7.41	(6.99)	25.57

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

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