Chardan NexTech Correlations

Stocks . USA . 
Stock . Chardan NexTech Acquisition
DFLIW Stock  USD 0.02  0  29.50%   
The current 90-days correlation between Chardan NexTech Acqu and Sunrise New Energy is -0.06 (i.e., Good diversification). The correlation of Chardan NexTech 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.

Chardan NexTech Correlation With Market

Average diversification

The correlation between Chardan NexTech Acquisition and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chardan NexTech Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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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   
FLUX
+ 0.91
ELPW
EPOW
+ 0.77
ELPW
FLUX
+ 0.76
EPOW
EAF
+ 0.48
BE
FLUX
+ 0.34
ENVX
ENVX
+ 0.28
ELPW
  
High negative correlations   
ELPW
- 0.88
BE
FLUX
- 0.85
BE
EPOW
- 0.72
BE
EAF
- 0.67
FLUX
EAF
- 0.66
EPOW
EAF
- 0.63
ELPW

Risk-Adjusted Indicators

There is a big difference between Chardan Stock performing well and Chardan NexTech 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 Chardan NexTech'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.

Chardan NexTech Corporate Management

Wade SeaburgChief OfficerProfile
Denis PharesChairman, CoFounderProfile
Tyler BournsChief OfficerProfile
John MBAChief OfficerProfile
Dominic SinnottGeneral CounselProfile
Nicole HarveyCompliance CounselProfile
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