Clear Blue Correlations
| CBUTF Stock | USD 0.01 0.0009 5.66% |
The current 90-days correlation between Clear Blue Technologies and Ascent Solar Technologies, is -0.03 (i.e., Good diversification). The correlation of Clear Blue 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.
Clear Blue Correlation With Market
Good diversification
The correlation between Clear Blue Technologies and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clear Blue Technologies and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Clear Blue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clear Blue 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 Clear Blue - 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 Clear Blue Technologies to buy it.
Moving together with Clear Pink Sheet
| 0.81 | ENPH | Enphase Energy | PairCorr |
| 0.79 | SMTGY | SMA Solar Technology | PairCorr |
| 0.85 | SMTGF | SMA Solar Technology | PairCorr |
| 0.78 | MYBUF | Meyer Burger Technology | PairCorr |
| 0.88 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.88 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.82 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.71 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Clear Pink Sheet
| 0.81 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.79 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.77 | GCPEF | GCL Poly Energy | PairCorr |
| 0.76 | NVDA | NVIDIA | PairCorr |
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.58 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.39 | XISHY | Xinyi Solar Holdings | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.73 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.66 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.66 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.62 | HPQ | HP Inc | PairCorr |
| 0.45 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.17 | 0.07 | 0.15 | 0.02 | 0.05 | ASTI | ||
| 0.17 | 0.04 | 0.58 | -0.39 | 0.6 | SING | ||
| 0.07 | 0.04 | 0.63 | 0.49 | 0.61 | HYSR | ||
| 0.15 | 0.58 | 0.63 | 0.24 | 0.94 | RUN | ||
| 0.02 | -0.39 | 0.49 | 0.24 | 0.01 | SOL | ||
| 0.05 | 0.6 | 0.61 | 0.94 | 0.01 | NOVA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Clear Pink Sheet performing well and Clear Blue 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 Clear Blue'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASTI | 4.56 | 0.06 | 0.00 | 0.05 | 0.00 | 8.54 | 29.81 | |||
| SING | 13.43 | (2.80) | 0.00 | (0.60) | 0.00 | 34.15 | 150.00 | |||
| HYSR | 4.60 | 0.25 | 0.00 | (0.18) | 5.12 | 11.76 | 48.14 | |||
| RUN | 3.56 | (0.52) | 0.00 | 0.47 | 0.00 | 6.23 | 40.96 | |||
| SOL | 3.44 | 0.22 | 0.00 | (0.18) | 4.45 | 9.57 | 29.32 | |||
| NOVA | 5.86 | (0.05) | 0.00 | 0.14 | 0.00 | 14.31 | 66.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clear Blue 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?
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Clear Blue Corporate Management
| Miriam Tuerk | CEO CoFounder | Profile | |
| Natalie Smith | VP Marketing | Profile | |
| Marlee Cittadino | Director Sales | Profile | |
| Paul Desjardins | Sr Devel | Profile | |
| John Tuerk | Chief CoFounder | Profile | |
| Mark Windrim | CTO CoFounder | Profile | |
| Christina Boyd | Director Devel | Profile |