Verde Clean Correlations

VGASW Stock

0.04 0.02 97.04%

The current 90-days correlation between Verde Clean Fuels and Brookfield Infrastructure Partners is 0.06 (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

Pay attention - limited upside

The correlation between Verde Clean Fuels and DJI is -0.72 (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 main economic indicators.

Moving together with Verde Stock

0.8	VGAS	Verde Clean Fuels	Pair Corr
0.85	CEG	Constellation Energy Corp	Pair Corr
0.64	EDN	Empresa Distribuidora	Pair Corr

Moving against Verde Stock

0.92	GZF	Engie SA Earnings Call Tomorrow	Pair Corr
0.91	CLP1	CLP HLDGS LTD Earnings Call Tomorrow	Pair Corr
0.91	DTW	DTE Energy	Pair Corr
0.9	HE	Hawaiian Electric Earnings Call This Week	Pair Corr
0.83	EIX	Edison International	Pair Corr
0.82	EMA	Emera Incorporated	Pair Corr
0.81	CIG	Companhia Energetica	Pair Corr
0.8	ENL	Enel SpA	Pair Corr
0.79	ELPC	Companhia Paranaense Earnings Call Tomorrow	Pair Corr
0.77	ENIC	Enel Chile SA Earnings Call This Week	Pair Corr
0.76	ELC	Entergy Louisiana LLC	Pair Corr
0.73	ES	Eversource Energy	Pair Corr
0.73	FE	FirstEnergy	Pair Corr
0.73	EVRG	Evergy	Pair Corr
0.73	EAI	Entergy Arkansas LLC	Pair Corr
0.66	SO	Southern	Pair Corr
0.62	DUK	Duke Energy	Pair Corr
0.61	AEP	American Electric Power	Pair Corr
0.6	ENA	Endesa SA	Pair Corr
0.58	ENAA	ENDESA ADR 12	Pair Corr
0.58	EN2	Energa SA	Pair Corr
0.58	MNV6	Mainova AG	Pair Corr
0.57	BIP-UN	Brookfield Infrastructure	Pair Corr
0.57	EMP	Entergy Mississippi LLC	Pair Corr
0.49	MVV1	MVV Energie AG	Pair Corr
0.91	SSE	SSE PLC	Pair Corr
0.9	SCTA	SSE PLC ADR	Pair Corr
0.89	SCT	SSE plc	Pair Corr
0.88	PNW	Pinnacle West Capital	Pair Corr
0.88	GPJA	Georgia Power	Pair Corr
0.85	KEP	Korea Electric Power Earnings Call Tomorrow	Pair Corr
0.85	ATOM	Atome Energy PLC	Pair Corr
0.84	IDA	IDACORP	Pair Corr
0.83	FTS	Fortis Inc	Pair Corr

Related Correlations Analysis

	ES	FE	HE	GZF	SO	VGAS	DUKB	RNWWW	JEL	BIP-UN
ES		0.7	0.68	0.72	0.67	-0.57	0.48	-0.46	0.29	0.43	ES
FE	0.7		0.69	0.75	0.94	-0.62	0.06	-0.31	0.47	0.81	FE
HE	0.68	0.69		0.96	0.61	-0.85	0.15	-0.59	0.27	0.58	HE
GZF	0.72	0.75	0.96		0.7	-0.9	0.17	-0.62	0.3	0.63	GZF
SO	0.67	0.94	0.61	0.7		-0.64	-0.02	-0.22	0.47	0.81	SO
VGAS	-0.57	-0.62	-0.85	-0.9	-0.64		-0.13	0.56	-0.4	-0.66	VGAS
DUKB	0.48	0.06	0.15	0.17	-0.02	-0.13		-0.26	0.16	-0.05	DUKB
RNWWW	-0.46	-0.31	-0.59	-0.62	-0.22	0.56	-0.26		0.08	-0.21	RNWWW
JEL	0.29	0.47	0.27	0.3	0.47	-0.4	0.16	0.08		0.6	JEL
BIP-UN	0.43	0.81	0.58	0.63	0.81	-0.66	-0.05	-0.21	0.6		BIP-UN
	ES	FE	HE	GZF	SO	VGAS	DUKB	RNWWW	JEL	BIP-UN

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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

GZF	+ 0.96	HE
SO	+ 0.94	FE
BIP-UN	+ 0.81	FE
BIP-UN	+ 0.81	SO
GZF	+ 0.75	FE
GZF	+ 0.72	ES

High negative correlations

VGAS	- 0.9	GZF
VGAS	- 0.85	HE
BIP-UN	- 0.66	VGAS
VGAS	- 0.64	SO
RNWWW	- 0.62	GZF
VGAS	- 0.62	FE

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
ES	1.19	0.04	(0.02)	(1.95)	2.56	(1.14)	2.47	(1.79)	12.44
FE	0.76	0.15	0.04	(0.70)	0.80	(0.79)	1.79	(1.31)	4.08
HE	2.09	0.48	0.15	(1.48)	2.13	(2.36)	4.54	(3.47)	12.14
GZF	0.81	0.30	0.24	3.70	0.55	(0.96)	1.77	(1.38)	4.93
SO	0.89	0.11	0.00	(0.38)	1.04	(0.91)	1.87	(1.84)	5.19
VGAS	4.59	(0.91)	0.00	2.43	0.00	0.00	10.24	(9.20)	27.54
DUKB	0.26	(0.01)	(0.27)	0.03	0.28	(0.31)	0.61	(0.52)	1.65
RNWWW	14.60	0.59	0.03	0.45	14.56	(32.87)	60.00	(28.89)	142.11
JEL	0.41	(0.02)	(0.08)	0.00	0.57	(1.13)	1.09	(1.70)	4.06
BIP-UN	0.76	0.11	0.05	0.39	0.95	(0.78)	1.34	(1.72)	3.89

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