Capstone Green Correlations

CGRNDelisted Stock  USD 0.20  0.05  20.00%   
The current 90-days correlation between Capstone Green Energy and Crawford United is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capstone Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capstone Green Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Capstone Green Correlation With Market

Good diversification

The correlation between Capstone Green Energy and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capstone Green Energy and NYA in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Capstone Stock

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  0.66CSCO Cisco Systems Sell-off TrendPairCorr
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  0.84HD Home DepotPairCorr

Moving against Capstone Stock

  0.82GE GE Aerospace Financial Report 23rd of July 2024 PairCorr
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  0.7EC Ecopetrol SA ADRPairCorr
  0.6BAC Bank of America Financial Report 16th of July 2024 PairCorr
  0.59KO Coca Cola Financial Report 24th of July 2024 PairCorr
  0.57PG Procter Gamble Financial Report 26th of July 2024 PairCorr
  0.47WMT WalmartPairCorr

Related Correlations Analysis

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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   
EPACCRAWA
HURCAME
EPACB
EPACNLLSY
NLLSYCRAWA
CRAWAB
  
High negative correlations   
EPACHURC
NLLSYNDSN
EPACAME
HURCCRAWA
CRAWAAME
CRAWANDSN

Risk-Adjusted Indicators

There is a big difference between Capstone Stock performing well and Capstone Green 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 Capstone Green'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NDSN  0.96 (0.16) 0.00 (0.15) 0.00 
 1.96 
 11.94 
CVV  2.52 (0.14) 0.00  0.30  0.00 
 4.66 
 29.00 
B  1.52  0.10  0.05  0.04  1.75 
 3.02 
 12.05 
AME  0.79 (0.06) 0.00 (0.11) 0.00 
 1.61 
 7.72 
ITMPF  3.13  0.02  0.01 (0.08) 3.72 
 5.88 
 18.68 
NXHSF  5.65  0.77  0.03  0.25  8.51 
 12.20 
 127.17 
CRAWA  2.09  0.42  0.13 (0.31) 2.02 
 7.54 
 22.16 
NLLSY  3.16  0.94  0.00  1.02  0.00 
 4.91 
 55.37 
HURC  1.37 (0.19) 0.00 (0.38) 0.00 
 2.76 
 11.72 
EPAC  0.92  0.24  0.22  0.21  0.78 
 2.79 
 6.66 

View Capstone Green Related Equities

 Risk & Return  Correlation

Capstone Green Corporate Management

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