Broadwind Energy Correlations
BWEN Stock | USD 2.24 0.06 2.61% |
The correlation of Broadwind 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 Broadwind Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadwind 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 Broadwind Energy and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadwind Energy and NYA in the same portfolio, assuming nothing else is changed.
Broadwind |
The ability to find closely correlated positions to Broadwind 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 Broadwind 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 Broadwind 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 Broadwind Energy to buy it.
Moving against Broadwind Stock
0.47 | CXT | Crane NXT Financial Report 8th of May 2024 | 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
|
Risk-Adjusted Indicators
There is a big difference between Broadwind Stock performing well and Broadwind Energy 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 Broadwind 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EPAC | 0.92 | 0.21 | 0.18 | 0.31 | 0.77 | 2.27 | 5.91 | |||
GRC | 1.25 | 0.05 | 0.07 | 0.09 | 1.35 | 2.63 | 8.95 | |||
CR | 1.36 | 0.12 | 0.09 | 0.14 | 1.53 | 2.20 | 12.30 | |||
FELE | 0.96 | 0.02 | 0.03 | 0.07 | 1.33 | 2.32 | 6.76 | |||
LXFR | 2.10 | 0.20 | 0.09 | 0.21 | 2.19 | 3.99 | 26.55 | |||
HURC | 1.93 | (0.33) | 0.00 | (0.18) | 0.00 | 2.42 | 26.95 | |||
NPO | 1.74 | (0.05) | 0.01 | 0.04 | 2.35 | 4.10 | 13.74 | |||
OFLX | 1.78 | (0.18) | 0.00 | (0.05) | 0.00 | 4.52 | 10.69 | |||
IEX | 0.79 | 0.07 | 0.09 | 0.12 | 0.74 | 1.53 | 6.25 | |||
WTS | 1.11 | (0.09) | (0.02) | 0.01 | 1.99 | 2.29 | 11.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Broadwind Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
All Next | Launch Module |
Broadwind Energy Corporate Directors
Broadwind Energy corporate directors refer to members of a Broadwind Energy board of directors. The board of directors generally takes responsibility for the Broadwind Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Broadwind Energy's board members must vote for the resolution. The Broadwind Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Persio Lisboa | Director | Profile | |
Thomas Wagner | Independent Director | Profile | |
Terence Fox | Independent Director | Profile | |
Charles Beynon | Independent Director | Profile |
Already Invested in Broadwind Energy?
The danger of trading Broadwind Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Broadwind Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Broadwind Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Broadwind Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Broadwind Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadwind Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Broadwind Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadwind Energy Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadwind Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Broadwind Stock, please use our How to Invest in Broadwind Energy guide.Note that the Broadwind Energy information on this page should be used as a complementary analysis to other Broadwind 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Broadwind Stock analysis
When running Broadwind Energy's price analysis, check to measure Broadwind Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Broadwind Energy is operating at the current time. Most of Broadwind Energy's value examination focuses on studying past and present price action to predict the probability of Broadwind Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadwind Energy's price. Additionally, you may evaluate how the addition of Broadwind Energy to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |
Is Broadwind Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Broadwind Energy. If investors know Broadwind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Broadwind Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 16.667 | Earnings Share 0.36 | Revenue Per Share 9.603 | Quarterly Revenue Growth (0.35) | Return On Assets 0.0498 |
The market value of Broadwind Energy is measured differently than its book value, which is the value of Broadwind that is recorded on the company's balance sheet. Investors also form their own opinion of Broadwind Energy's value that differs from its market value or its book value, called intrinsic value, which is Broadwind Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Broadwind Energy's market value can be influenced by many factors that don't directly affect Broadwind Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Broadwind Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadwind Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadwind Energy'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.