CN Energy Correlations
| CNEY Stock | USD 0.35 0.16 31.37% |
The current 90-days correlation between CN Energy Group and Danimer Scientific is 0.07 (i.e., Significant diversification). The correlation of CN 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. If the correlation is 0, the equities are not correlated; they are entirely random.
CN Energy Correlation With Market
Significant diversification
The correlation between CN Energy Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CN Energy Group and DJI in the same portfolio, assuming nothing else is changed.
CNEY |
Moving against CNEY Stock
| 0.46 | ECVT | Ecovyst | PairCorr |
| 0.36 | KOP | Koppers Holdings | PairCorr |
| 0.32 | ESI | Element Solutions | PairCorr |
| 0.51 | NGVT | Ingevity Corp | PairCorr |
| 0.51 | NTIC | Northern Technologies | PairCorr |
| 0.34 | MEIL | Methes Energies Inte | PairCorr |
| 0.33 | IOSP | Innospec | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 CNEY Stock performing well and CN 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 CN 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNES | 4.81 | (0.21) | 0.00 | 0.47 | 0.00 | 9.15 | 32.20 | |||
| DNMR | 6.32 | (1.22) | 0.00 | (0.73) | 0.00 | 13.85 | 45.03 | |||
| CBNT | 7.25 | (1.86) | 0.00 | (0.72) | 0.00 | 12.12 | 80.52 | |||
| COWI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LHYFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RNWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INTK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FEAM | 4.25 | (0.42) | 0.00 | 0.70 | 0.00 | 12.90 | 26.56 | |||
| BCPC | 1.04 | (0.08) | (0.05) | 0.06 | 1.26 | 2.47 | 8.32 | |||
| KOP | 1.56 | (0.28) | 0.00 | (0.02) | 0.00 | 2.07 | 14.45 |
CN Energy Corporate Management
| Xinyang Wang | Chairwoman Board | Profile | |
| Kangbin Zheng | Chairman CEO | Profile | |
| Jinwu Huang | Chief Officer | Profile | |
| Steven Berman | Chief Officer | Profile |