Crown Electrokinetics Correlations

CRKN Stock

USD 0.20 0.01 4.76%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crown Electrokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Electrokinetics Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crown Electrokinetics Correlation With Market

Good diversification

The correlation between Crown Electrokinetics Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Electrokinetics Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown Electrokinetics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Crown Stock

0.65	FF	FutureFuel Corp	Pair Corr
0.91	DNMR	Danimer Scientific	Pair Corr
0.83	ASH	Ashland Global Holdings	Pair Corr
0.63	EMN	Eastman Chemical	Pair Corr
0.82	IFF	International Flavors	Pair Corr
0.63	KRO	Kronos Worldwide	Pair Corr
0.77	LIN	Linde plc Ordinary	Pair Corr
0.87	LYB	LyondellBasell Industries	Pair Corr
0.84	SSL	Sasol	Pair Corr
0.81	WLK	Westlake Chemical	Pair Corr

Moving against Crown Stock

0.73	ECVT	Ecovyst	Pair Corr
0.67	ALB	Albemarle Corp	Pair Corr
0.67	ESI	Element Solutions	Pair Corr
0.66	ALB-PA	Albemarle	Pair Corr
0.65	MTX	Minerals Technologies	Pair Corr
0.64	CC	Chemours	Pair Corr
0.53	APD	Air Products	Pair Corr
0.49	FSI	Flexible Solutions	Pair Corr
0.79	NGVT	Ingevity Corp	Pair Corr
0.79	NTIC	Northern Technologies	Pair Corr
0.67	RPM	RPM International	Pair Corr
0.56	IOSP	Innospec	Pair Corr
0.54	OEC	Orion Engineered Carbons	Pair Corr
0.53	HWKN	Hawkins	Pair Corr
0.47	AVNT	Avient Corp	Pair Corr
0.4	ALTM	Arcadium Lithium plc	Pair Corr
0.35	SHW	Sherwin Williams Fiscal Year End 23rd of January 2025	Pair Corr
0.32	NANX	Nanophase Technol	Pair Corr

Related Correlations Analysis

	COWI	VNTRQ	LOOP	HDSN	GEVI	CMT	BCPC	NEU	EMN	AMRS
COWI		0.0	-0.27	-0.3	-0.08	-0.19	0.09	0.02	-0.37	0.25	COWI
VNTRQ	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VNTRQ
LOOP	-0.27	0.0		0.61	-0.1	0.34	-0.35	-0.19	0.82	-0.69	LOOP
HDSN	-0.3	0.0	0.61		-0.18	0.25	-0.72	-0.2	0.73	-0.69	HDSN
GEVI	-0.08	0.0	-0.1	-0.18		0.59	0.44	0.42	-0.17	0.12	GEVI
CMT	-0.19	0.0	0.34	0.25	0.59		0.27	0.49	0.36	-0.3	CMT
BCPC	0.09	0.0	-0.35	-0.72	0.44	0.27		0.54	-0.34	0.53	BCPC
NEU	0.02	0.0	-0.19	-0.2	0.42	0.49	0.54		-0.17	0.39	NEU
EMN	-0.37	0.0	0.82	0.73	-0.17	0.36	-0.34	-0.17		-0.66	EMN
AMRS	0.25	0.0	-0.69	-0.69	0.12	-0.3	0.53	0.39	-0.66		AMRS
	COWI	VNTRQ	LOOP	HDSN	GEVI	CMT	BCPC	NEU	EMN	AMRS

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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

EMN	+ 0.82	LOOP
EMN	+ 0.73	HDSN
HDSN	+ 0.61	LOOP
CMT	+ 0.59	GEVI
NEU	+ 0.54	BCPC
AMRS	+ 0.53	BCPC

High negative correlations

BCPC	- 0.72	HDSN
AMRS	- 0.69	HDSN
AMRS	- 0.69	LOOP
AMRS	- 0.66	EMN
EMN	- 0.37	COWI
BCPC	- 0.35	LOOP

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown Electrokinetics 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 Crown Electrokinetics' 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
COWI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNTRQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOOP	4.42	0.59	0.10	0.76	4.88	(5.88)	9.93	(6.47)	39.43
HDSN	2.07	(0.43)	0.00	2.44	0.00	0.00	4.75	(3.98)	29.08
GEVI	3.45	(0.11)	0.00	0.31	0.00	0.00	8.43	(7.78)	21.87
CMT	1.89	(0.31)	0.00	(0.05)	0.00	0.00	3.67	(3.76)	15.07
BCPC	1.01	(0.04)	(0.02)	0.06	1.18	(1.12)	2.19	(1.83)	8.32
NEU	0.89	(0.12)	0.00	(0.03)	0.00	0.00	1.82	(1.37)	7.61
EMN	1.05	(0.08)	(0.07)	(0.01)	1.26	(1.16)	2.78	(2.00)	7.31
AMRS	6.88	0.75	0.07	(0.29)	7.00	(8.14)	16.85	(11.11)	37.05

Crown Electrokinetics Corporate Executives

Elected by the shareholders, the Crown Electrokinetics' board of directors comprises two types of representatives: Crown Electrokinetics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crown. The board's role is to monitor Crown Electrokinetics' management team and ensure that shareholders' interests are well served. Crown Electrokinetics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Crown Electrokinetics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Timothy Koch

CoFounder Officer

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