Energy Today Related Correlations

NRGT Stock

USD 0.02 0.00 0.00%

Generate correlation matrix for Energy Today and other related equities to check the degree to which Energy Today price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Energy Today. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Energy Today. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

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Please note, there is a significant difference between Energy Today's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Today is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Today's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	CBRL	BLSFF	MZPS	LOCO	PTLO	SECVY	IIIN
CBRL		-0.4	0.0	0.68	0.49	0.0	0.13	CBRL
BLSFF	-0.4		0.0	-0.47	-0.17	0.0	-0.1	BLSFF
MZPS	0.0	0.0		0.0	0.0	1.0	0.0	MZPS
LOCO	0.68	-0.47	0.0		0.63	0.0	0.49	LOCO
PTLO	0.49	-0.17	0.0	0.63		0.0	0.44	PTLO
SECVY	0.0	0.0	1.0	0.0	0.0		0.0	SECVY
IIIN	0.13	-0.1	0.0	0.49	0.44	0.0		IIIN
	CBRL	BLSFF	MZPS	LOCO	PTLO	SECVY	IIIN

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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

SECVY	+ 1.0	MZPS
LOCO	+ 0.68	CBRL
PTLO	+ 0.63	LOCO
PTLO	+ 0.49	CBRL
IIIN	+ 0.49	LOCO
IIIN	+ 0.44	PTLO

High negative correlations

LOCO	- 0.47	BLSFF
BLSFF	- 0.4	CBRL
PTLO	- 0.17	BLSFF
IIIN	- 0.1	BLSFF
IIIN	- 0.0	SECVY
SECVY	- 0.0	PTLO

Risk-Adjusted Indicators

There is a big difference between Energy Pink Sheet performing well and Energy Today 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 Energy Today'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
CBRL	2.18	(0.34)	0.00	(0.18)	0.00	0.00	4.50	(4.46)	12.36
BLSFF	0.34	(0.01)	0.00	0.10	0.00	0.00	1.30	(1.15)	4.98
MZPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOCO	1.40	(0.23)	0.00	(0.05)	0.00	0.00	2.89	(3.65)	7.26
PTLO	2.38	(0.29)	0.00	(0.03)	0.00	0.00	4.33	(3.86)	21.90
SECVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIIN	1.65	(0.15)	(0.02)	0.02	2.23	(1.60)	2.86	(3.38)	11.20

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Energy Today Related Correlations

Specify up to 10 symbols:

Correlations

Correlation Matchups

Risk-Adjusted Indicators

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