CN Energy Correlations

CNEY Stock  USD 0.51  0.19  59.38%   
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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against CNEY Stock

  0.46ECVT EcovystPairCorr
  0.36KOP Koppers HoldingsPairCorr
  0.32ESI Element Solutions Sell-off TrendPairCorr
  0.51NGVT Ingevity CorpPairCorr
  0.51NTIC Northern TechnologiesPairCorr
  0.33IOSP InnospecPairCorr
  0.33MEIL Methes Energies IntePairCorr

Related Correlations Analysis

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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   
RNWFDNMR
RNWFCBNT
CBNTDNMR
KOPBCPC
FEAMDNMR
FEAMCBNT
  
High negative correlations   
BCPCCBNT
BCPCDNMR
BCPCRNWF
KOPRNWF
KOPDNMR
BCPCSNES

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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  3.12 (1.95) 0.00 (0.62) 0.00 
 0.00 
 100.00 
INTK  117.97  53.36  0.00  2.67  0.00 
 1,000.00 
 1,100 
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 WangChairwoman BoardProfile
Kangbin ZhengChairman CEOProfile
Jinwu HuangChief OfficerProfile
Steven BermanChief OfficerProfile