Montauk Renewables Correlations

MNTK Stock  USD 11.10  0.01  0.09%   
The correlation of Montauk Renewables is a statistical measure of how it moves in relation to other equities. 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 Montauk Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Montauk Renewables 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.
Additionally, see Correlation Analysis.
The ability to find closely correlated positions to Montauk Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Montauk Renewables 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 Montauk Renewables - 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 Montauk Renewables to buy it.

Moving together with Montauk Renewables

+0.66ADNAdvent TechnologiesPairCorr
+0.84AQNAlgonquin Power UtilitiesPairCorr

Moving against Montauk Renewables

-0.84HEHawaiian ElectricPairCorr
-0.79ALEAllete IncPairCorr
-0.78AEEAmeren CorpPairCorr
-0.77BKHBlack Hills Earnings Call This WeekPairCorr
-0.74MGEEMGE EnergyPairCorr
-0.73AEPAmerican Electric PowerPairCorr
-0.68AQNAAlgonquin Power UtilitiesPairCorr
-0.55SRESempra Energy Sell-off TrendPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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

Nowadays, there is a big difference between Montauk Stock performing well and Montauk Renewables company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Montauk Renewables' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
SRE 1.07  0.00 (0.03)  0.15  1.22 (0.0304) (1.22)  2.72 (2.12)  6.98 
ACRE 1.87 (0.07)  0.00  0.10  2.53 (0.0032) (1.82)  3.57 (3.35)  12.48 
OALC 1.08  0.03  0.05  0.18  0.99  0.0457 (1.20)  2.50 (1.55)  8.19 
POWRW 49.94  14.73  0.31  2.08  32.77  0.17 (96.97)  141.00 (61.00)  711.42 
AQUI 5.01  0.49  0.00  0.32  0.00  0.05  0.00  0.00 (3.85)  118.49 
FNGU 5.86  0.21  0.14  0.19  5.61  0.12 (6.64)  12.60 (10.26)  41.39 
BRRAY 7.29  1.01  0.04 (0.57)  9.72  0.05 (13.43)  28.82 (18.07)  68.95 
FMCDX 1.38  0.03  0.03  0.17  1.97  0.0321 (1.45)  2.24 (2.36)  20.08 
MLGO 8.84 (1.10)  0.00 (0.42)  0.00 (0.06)  0.00  24.56 (21.98)  86.05 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Montauk Renewables 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.

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Montauk Renewables Corporate Management

Elected by the shareholders, the Montauk Renewables' board of directors comprises two types of representatives: Montauk Renewables inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Montauk. The board's role is to monitor Montauk Renewables' management team and ensure that shareholders' interests are well served. Montauk Renewables' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Montauk Renewables' outside directors are responsible for providing unbiased perspectives on the board's policies.
Scott Hill - VP DevelProfile
James Shaw - VP OperationsProfile
BS CPA - CEO PresProfile
BSc CPA - CFO TreasurerProfile
John Ciroli - Gen VPProfile
Sharon Frank - Health EnvironmentalProfile

Invested in Montauk Renewables?

The danger of trading Montauk Renewables 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 Montauk Renewables 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 Montauk Renewables. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Montauk Renewables 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.
Additionally, see Correlation Analysis. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Montauk Renewables price analysis, check to measure Montauk Renewables' 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 Montauk Renewables is operating at the current time. Most of Montauk Renewables' value examination focuses on studying past and present price action to predict the probability of Montauk Renewables' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Montauk Renewables' price. Additionally, you may evaluate how the addition of Montauk Renewables to your portfolios can decrease your overall portfolio volatility.
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Is Montauk Renewables' 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 Montauk Renewables. If investors know Montauk 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 Montauk Renewables 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
Market Capitalization
1.6 B
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Montauk Renewables is measured differently than its book value, which is the value of Montauk that is recorded on the company's balance sheet. Investors also form their own opinion of Montauk Renewables' value that differs from its market value or its book value, called intrinsic value, which is Montauk Renewables' 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 Montauk Renewables' market value can be influenced by many factors that don't directly affect Montauk Renewables' 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 Montauk Renewables' value and its price as these two are different measures arrived at by different means. Investors typically determine Montauk Renewables value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Montauk Renewables' 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.