Energous Correlations

WATT Stock

USD 10.10 0.17 1.71%

The current 90-days correlation between Energous and Sonim Technologies is 0.2 (i.e., Modest diversification). The correlation of Energous 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.

Energous Correlation With Market

Modest diversification

The correlation between Energous and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energous and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Energous Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Energous. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Energous Stock please use our How to Invest in Energous guide.

Moving together with Energous Stock

0.88	ETN	Eaton PLC	Pair Corr
0.77	NVT	nVent Electric PLC	Pair Corr
0.81	NXT	Nextracker Class A	Pair Corr
0.68	RRX	Regal Beloit	Pair Corr
0.64	THR	Thermon Group Holdings	Pair Corr

Moving against Energous Stock

0.71	PN	Skycorp Solar Group	Pair Corr
0.68	0LT	Leoch International	Pair Corr
0.58	EAF	GrafTech International	Pair Corr
0.56	AYI	Acuity Brands	Pair Corr
0.54	ENVX	Enovix Corp	Pair Corr
0.35	EFOI	Energy Focu	Pair Corr
0.76	MLITN	Italy Innovazioni SpA	Pair Corr
0.59	AQ8	Acuity Brands	Pair Corr
0.42	HMM-A	Hammond Manufacturing	Pair Corr
0.39	4OY	FORSEE POWER(PROM)EO-10	Pair Corr
0.34	XLE1	LEGEND POWER SYS Earnings Call This Week	Pair Corr
0.31	2F0	AB Fagerhult Earnings Call This Week	Pair Corr
0.31	XCH	XCHG Limited American	Pair Corr

Related Correlations Analysis

	SONM	OST	ARBB	BHAT	SYNX	SMTK	MSGM	USBC	BNZI	TBH
SONM		0.0	-0.04	0.24	0.61	0.22	0.14	0.41	0.43	0.68	SONM
OST	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OST
ARBB	-0.04	0.0		0.29	-0.21	0.28	-0.17	0.28	-0.06	0.1	ARBB
BHAT	0.24	0.0	0.29		0.24	0.93	-0.44	0.86	0.24	0.69	BHAT
SYNX	0.61	0.0	-0.21	0.24		0.18	0.03	0.28	0.63	0.61	SYNX
SMTK	0.22	0.0	0.28	0.93	0.18		-0.56	0.88	0.19	0.71	SMTK
MSGM	0.14	0.0	-0.17	-0.44	0.03	-0.56		-0.52	0.05	-0.39	MSGM
USBC	0.41	0.0	0.28	0.86	0.28	0.88	-0.52		0.21	0.84	USBC
BNZI	0.43	0.0	-0.06	0.24	0.63	0.19	0.05	0.21		0.39	BNZI
TBH	0.68	0.0	0.1	0.69	0.61	0.71	-0.39	0.84	0.39		TBH
	SONM	OST	ARBB	BHAT	SYNX	SMTK	MSGM	USBC	BNZI	TBH

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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

SMTK	+ 0.93	BHAT
USBC	+ 0.88	SMTK
USBC	+ 0.86	BHAT
TBH	+ 0.84	USBC
TBH	+ 0.71	SMTK
TBH	+ 0.69	BHAT

High negative correlations

MSGM	- 0.56	SMTK
USBC	- 0.52	MSGM
MSGM	- 0.44	BHAT
TBH	- 0.39	MSGM
SYNX	- 0.21	ARBB
MSGM	- 0.17	ARBB

Risk-Adjusted Indicators

There is a big difference between Energous Stock performing well and Energous 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 Energous' 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
SONM	7.29	(0.58)	0.00	(1.83)	0.00	0.00	15.25	(13.45)	38.14
OST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARBB	4.46	0.16	0.02	0.26	5.58	(5.48)	19.61	(9.62)	41.45
BHAT	4.17	(1.63)	0.00	(0.42)	0.00	0.00	8.66	(11.43)	32.50
SYNX	5.38	(0.37)	0.00	(0.75)	0.00	0.00	14.44	(12.12)	34.56
SMTK	6.89	(2.28)	0.00	(3.96)	0.00	0.00	10.13	(15.69)	37.36
MSGM	5.06	0.02	0.01	0.08	7.78	(5.57)	13.78	(8.29)	79.07
USBC	4.68	(0.98)	0.00	(0.39)	0.00	0.00	10.81	(9.64)	29.00
BNZI	6.74	(0.32)	0.00	(0.08)	0.00	0.00	15.97	(11.64)	48.98
TBH	5.91	(1.75)	0.00	(0.32)	0.00	0.00	10.34	(13.83)	33.23

Energous Corporate Management

Cesar Johnston	Sr. VP of Engineering	Profile
Matt Sullivan	Investor Officer	Profile
Giampaolo Marino	Senior Development	Profile
Mallorie Burak	Chief Officer	Profile
Daniel Lawless	Senior Affairs	Profile
Lisa Tamura	Vice Resources	Profile
Alister Hoss	Technical Engineering	Profile

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