Smart Powerr Correlations

CREG Stock

USD 0.68 0.03 4.23%

The current 90-days correlation between Smart Powerr Corp and Fusion Fuel Green is -0.04 (i.e., Good diversification). The correlation of Smart Powerr 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.

Smart Powerr Correlation With Market

Average diversification

The correlation between Smart Powerr Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Powerr Corp 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 Smart Powerr Corp. 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 together with Smart Stock

0.7	WHLM	Wilhelmina	Pair Corr
0.75	EFX	Equifax	Pair Corr
0.67	RGP	Resources Connection	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr

Moving against Smart Stock

0.83	CRAI	CRA International	Pair Corr
0.83	B	Barnes Group	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr
0.73	CTAS	Cintas	Pair Corr
0.68	LZ	LegalZoom	Pair Corr
0.63	HURN	Huron Consulting	Pair Corr
0.62	INOD	Innodata Buyout Trend	Pair Corr
0.6	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.58	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.57	HNI	HNI Corp	Pair Corr
0.57	EVGOW	EVgo Equity Warrants	Pair Corr
0.53	VRSK	Verisk Analytics	Pair Corr
0.34	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.34	TRU	TransUnion	Pair Corr
0.84	CW	Curtiss Wright	Pair Corr
0.8	R	Ryder System	Pair Corr
0.8	NL	NL Industries	Pair Corr
0.8	PH	Parker Hannifin	Pair Corr
0.79	IR	Ingersoll Rand	Pair Corr
0.78	AZ	A2Z Smart Technologies	Pair Corr
0.73	DIST	Distoken Acquisition	Pair Corr
0.71	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.7	CR	Crane Company	Pair Corr
0.68	BV	BrightView Holdings	Pair Corr
0.65	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	VGASW	ORA	TKECF	CPWR	HLGN	VGAS	ADN	AZLOF	ADNWW	HTOO
VGASW		0.61	-0.49	0.07	-0.44	0.48	0.27	-0.17	0.3	-0.09	VGASW
ORA	0.61		-0.7	0.09	-0.35	0.68	0.48	-0.45	0.37	-0.31	ORA
TKECF	-0.49	-0.7		0.1	-0.04	-0.36	-0.67	0.42	-0.55	0.41	TKECF
CPWR	0.07	0.09	0.1		-0.2	0.08	-0.31	0.09	-0.25	0.14	CPWR
HLGN	-0.44	-0.35	-0.04	-0.2		-0.38	0.35	-0.33	0.05	-0.51	HLGN
VGAS	0.48	0.68	-0.36	0.08	-0.38		0.33	-0.41	0.25	-0.22	VGAS
ADN	0.27	0.48	-0.67	-0.31	0.35	0.33		-0.67	0.79	-0.71	ADN
AZLOF	-0.17	-0.45	0.42	0.09	-0.33	-0.41	-0.67		-0.46	0.53	AZLOF
ADNWW	0.3	0.37	-0.55	-0.25	0.05	0.25	0.79	-0.46		-0.3	ADNWW
HTOO	-0.09	-0.31	0.41	0.14	-0.51	-0.22	-0.71	0.53	-0.3		HTOO
	VGASW	ORA	TKECF	CPWR	HLGN	VGAS	ADN	AZLOF	ADNWW	HTOO

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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

ADNWW	+ 0.79	ADN
VGAS	+ 0.68	ORA
ORA	+ 0.61	VGASW
HTOO	+ 0.53	AZLOF
VGAS	+ 0.48	VGASW
ADN	+ 0.48	ORA

High negative correlations

HTOO	- 0.71	ADN
TKECF	- 0.7	ORA
AZLOF	- 0.67	ADN
ADN	- 0.67	TKECF
ADNWW	- 0.55	TKECF
HTOO	- 0.51	HLGN

Risk-Adjusted Indicators

There is a big difference between Smart Stock performing well and Smart Powerr 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 Smart Powerr'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
VGASW	5.72	0.67	0.04	(0.88)	6.75	(12.41)	14.29	(12.50)	58.00
ORA	0.99	0.08	0.02	0.29	1.28	(1.03)	2.30	(1.41)	8.41
TKECF	1.44	(0.30)	0.00	(0.18)	0.00	0.00	2.95	(9.68)	21.80
CPWR	10.57	1.13	0.04	(1.03)	11.99	(19.87)	33.33	(22.22)	82.86
HLGN	3.40	0.10	(0.01)	(0.18)	3.92	(5.97)	7.69	(7.69)	27.05
VGAS	2.61	0.21	0.06	0.36	2.78	(3.19)	7.07	(4.57)	25.46
ADN	9.51	2.00	0.17	(0.98)	9.01	(12.55)	33.15	(16.67)	97.89
AZLOF	8.09	1.79	0.00	(0.49)	0.00	0.00	0.00	(31.97)	296.43
ADNWW	6.31	0.41	0.02	(0.47)	8.07	(9.39)	16.35	(12.36)	55.12
HTOO	6.31	(0.67)	0.00	(1.29)	0.00	0.00	13.56	(9.86)	73.91

Smart Powerr Corporate Executives

Elected by the shareholders, the Smart Powerr's board of directors comprises two types of representatives: Smart Powerr inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Smart. The board's role is to monitor Smart Powerr's management team and ensure that shareholders' interests are well served. Smart Powerr's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Smart Powerr's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Yongjiang Shi	CFO, Secretary	Profile
	Binfeng Gu	CFO, Secretary	Profile

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