Beard Energy Correlations

Summary

BRDDelisted Stock

USD 10.54 0.36 3.30%

The current 90-days correlation between Beard Energy Transition and Fusion Acquisition Corp is -0.21 (i.e., Very good diversification). The correlation of Beard 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Beard Energy Correlation With Market

Good diversification

The correlation between Beard Energy Transition and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beard Energy Transition and DJI 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 Beard Stock

0.61	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr

Moving against Beard Stock

0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.73	BKRKY	Bank Rakyat	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.64	PPERF	Bank Mandiri Persero	Pair Corr
0.61	PTBRY	Bank Negara Indonesia	Pair Corr
0.55	PBCRY	Bank Central Asia	Pair Corr
0.55	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.53	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.38	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	VMCAW	FGMCW	PWUPW	CLINU	FSNB	ROCGW	KNSW	MNTN-UN	SGHLW
VMCAW		0.38	0.31	0.09	-0.15	-0.11	-0.27	-0.36	0.27	VMCAW
FGMCW	0.38		0.42	0.17	-0.23	-0.11	-0.37	-0.39	0.23	FGMCW
PWUPW	0.31	0.42		-0.03	-0.41	-0.41	-0.35	-0.01	0.4	PWUPW
CLINU	0.09	0.17	-0.03		0.18	0.53	-0.63	-0.23	-0.41	CLINU
FSNB	-0.15	-0.23	-0.41	0.18		0.8	0.5	-0.1	-0.42	FSNB
ROCGW	-0.11	-0.11	-0.41	0.53	0.8		0.25	-0.14	-0.51	ROCGW
KNSW	-0.27	-0.37	-0.35	-0.63	0.5	0.25		0.19	0.0	KNSW
MNTN-UN	-0.36	-0.39	-0.01	-0.23	-0.1	-0.14	0.19		-0.01	MNTN-UN
SGHLW	0.27	0.23	0.4	-0.41	-0.42	-0.51	0.0	-0.01		SGHLW
	VMCAW	FGMCW	PWUPW	CLINU	FSNB	ROCGW	KNSW	MNTN-UN	SGHLW

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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

ROCGW	+ 0.8	FSNB
ROCGW	+ 0.53	CLINU
KNSW	+ 0.5	FSNB
PWUPW	+ 0.42	FGMCW
SGHLW	+ 0.4	PWUPW
FGMCW	+ 0.38	VMCAW

High negative correlations

KNSW	- 0.63	CLINU
SGHLW	- 0.51	ROCGW
SGHLW	- 0.42	FSNB
SGHLW	- 0.41	CLINU
ROCGW	- 0.41	PWUPW
FSNB	- 0.41	PWUPW

Risk-Adjusted Indicators

There is a big difference between Beard Stock performing well and Beard 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 Beard 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
VMCAW	15.64	3.27	0.20	0.51	12.07	(36.17)	47.81	(28.00)	201.34
FGMCW	24.42	6.42	0.23	0.97	19.31	(41.28)	86.22	(40.49)	267.35
PWUPW	17.62	2.72	0.14	1.23	15.46	(30.50)	44.20	(29.43)	176.45
CLINU	0.07	0.02	0.00	(0.41)	0.00	0.00	0.00	0.00	2.03
FSNB	0.10	0.02	(0.41)	2.06	0.00	(0.18)	0.19	(0.19)	0.97
ROCGW	5.35	1.41	0.17	(0.69)	4.48	(8.93)	19.05	(10.00)	44.44
KNSW	0.12	(0.02)	0.00	4.85	0.00	0.00	0.38	(0.29)	1.81
MNTN-UN	0.41	(0.04)	0.00	(0.05)	0.00	0.00	0.00	0.00	16.03
SGHLW	44.70	13.00	0.34	(2.44)	30.47	(67.34)	138.10	(59.09)	383.01

View Beard Energy Related Equities

Valuence Merger Corp FG Merger Corp PowerUp Acquisition Corp Clean Earth Acquisitions Fusion Acquisition Corp Roth CH Acquisition Knightswan Acquisition Corp Everest Consolidator Acquisition Signal Hill Acquisition ESGEN Acquisition Corp Financial Strategies Acquisition Armada Acquisition Corp GigCapital5 Crown Proptech Acquisitions Valuence Merger Corp

Risk & Return

Correlation

Still Interested in Beard Energy Transition?

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