Acorn Energy Correlations
| ACFNDelisted Stock | USD 5.85 0.00 0.00% |
The correlation of Acorn Energy 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acorn Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acorn Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Acorn Energy and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acorn Energy and NYA in the same portfolio, assuming nothing else is changed.
Acorn |
The ability to find closely correlated positions to Acorn Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acorn Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acorn Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acorn Energy to buy it.
Moving together with Acorn OTC Stock
| 0.7 | WRAP | Wrap Technologies | PairCorr |
| 0.67 | FARO | FARO Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.81 | FCUV | Focus Universal | PairCorr |
Moving against Acorn OTC Stock
| 0.8 | GNSS | Genasys Financial Report 13th of May 2024 | PairCorr |
| 0.79 | WELX | Winland Holdings | PairCorr |
| 0.74 | VNT | Vontier Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.73 | GRMN | Garmin Financial Report 1st of May 2024 | PairCorr |
| 0.71 | ITRI | Itron Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | BMI | Badger Meter Tech Boost | PairCorr |
| 0.59 | KNW | Know Labs Financial Report 20th of May 2024 | PairCorr |
| 0.53 | DYSL | Dynasil Of | PairCorr |
| 0.53 | VPG | Vishay Precision Financial Report 14th of May 2024 | PairCorr |
| 0.52 | FTV | Fortive Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Acorn OTC Stock performing well and Acorn Energy OTC Stock 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 Acorn Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASPT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AWINW | 16.56 | 2.74 | 0.13 | 5.58 | 16.62 | 40.83 | 141.76 | |||
| AWIN | 4.58 | (2.07) | 0.00 | (0.50) | 0.00 | 10.00 | 31.57 | |||
| MIND | 2.64 | (0.47) | 0.00 | (0.54) | 0.00 | 6.32 | 19.74 | |||
| BNSO | 8.43 | 0.80 | 0.07 | 0.43 | 10.53 | 25.71 | 90.77 | |||
| CPTN | 2.50 | (0.05) | 0.00 | 0.11 | 0.00 | 5.08 | 32.81 | |||
| SVRE | 5.56 | (0.24) | 0.00 | 0.00 | 0.00 | 11.90 | 38.57 | |||
| QNGYQ | 13.24 | (2.07) | 0.00 | (0.42) | 0.00 | 23.68 | 153.64 | |||
| FTV | 0.82 | 0.11 | 0.11 | 0.20 | 0.62 | 1.61 | 6.80 | |||
| TRMB | 1.13 | 0.13 | 0.12 | 0.16 | 1.18 | 3.01 | 6.55 |
View Acorn Energy Related Equities
| Risk & Return | Correlation |
Acorn Energy Corporate Executives
Elected by the shareholders, the Acorn Energy's board of directors comprises two types of representatives: Acorn Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Acorn. The board's role is to monitor Acorn Energy's management team and ensure that shareholders' interests are well served. Acorn Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Acorn Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Barth | CFO, Chief Accounting Officer and CFO of DSIT Solutions Ltd | Profile |
Still Interested in Acorn Energy?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Acorn Energy information on this page should be used as a complementary analysis to other Acorn Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Consideration for investing in Acorn OTC Stock
If you are still planning to invest in Acorn Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Acorn Energy's history and understand the potential risks before investing.
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