Powerstorm Holdings Correlations

PSTO Stock

USD 0.01 0 23.53%

The current 90-days correlation between Powerstorm Holdings and FREYR Battery SA is -0.25 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Powerstorm Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Powerstorm Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Powerstorm Holdings Correlation With Market

Good diversification

The correlation between Powerstorm Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Powerstorm Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Powerstorm Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Powerstorm Holdings 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 Powerstorm Holdings - 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 Powerstorm Holdings to buy it.

Moving together with Powerstorm Pink Sheet

0.83	LGRDY	Legrand SA ADR	Pair Corr
0.74	LGRVF	Legrand SA	Pair Corr
0.68	GDSTW	Goldenstone Acquisition	Pair Corr

Moving against Powerstorm Pink Sheet

0.85	FUWAF	Furukawa Electric	Pair Corr
0.74	FMCB	Farmers Merchants Bancorp	Pair Corr
0.7	VRT	Vertiv Holdings	Pair Corr
0.68	ABB	Drone Delivery Canada	Pair Corr
0.58	MIELF	Mitsubishi Electric	Pair Corr
0.58	2457	Phihong Technology	Pair Corr
0.5	MIELY	Mitsubishi Electric Corp	Pair Corr
0.42	NVT	nVent Electric PLC Sell-off Trend	Pair Corr
0.86	NTRA	Natera Inc	Pair Corr
0.85	SAPMF	Saipem SpA	Pair Corr
0.78	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.75	BKV	BKV Corporation	Pair Corr
0.74	KKR	KKR Co LP	Pair Corr
0.71	YLWDF	Yellow Pages Limited	Pair Corr
0.71	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.7	BMYMP	Bristol Myers Squibb	Pair Corr
0.68	VULNF	Vulcan Energy Resources	Pair Corr
0.61	SUM	Summit Materials	Pair Corr
0.55	CSSV	Caspian Services	Pair Corr
0.37	YMM	Full Truck Alliance	Pair Corr
0.77	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.77	GLABF	Gemina Laboratories Earnings Call This Week	Pair Corr
0.76	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.74	DASH	DoorDash, Class A	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.72	RBCAA	Republic Bancorp	Pair Corr

Related Correlations Analysis

	FREY	NVT	HUBB	AEIS	VRT	ENR	NEOV	HAYW	ESP	NVX
FREY		0.62	0.51	0.7	0.84	0.75	0.93	0.63	0.09	0.1	FREY
NVT	0.62		0.9	0.71	0.8	0.67	0.56	0.6	0.36	0.35	NVT
HUBB	0.51	0.9		0.71	0.74	0.6	0.44	0.46	0.48	0.39	HUBB
AEIS	0.7	0.71	0.71		0.81	0.83	0.74	0.77	0.34	0.07	AEIS
VRT	0.84	0.8	0.74	0.81		0.89	0.85	0.69	0.34	0.26	VRT
ENR	0.75	0.67	0.6	0.83	0.89		0.83	0.69	0.18	0.13	ENR
NEOV	0.93	0.56	0.44	0.74	0.85	0.83		0.7	0.03	0.0	NEOV
HAYW	0.63	0.6	0.46	0.77	0.69	0.69	0.7		0.34	0.04	HAYW
ESP	0.09	0.36	0.48	0.34	0.34	0.18	0.03	0.34		0.64	ESP
NVX	0.1	0.35	0.39	0.07	0.26	0.13	0.0	0.04	0.64		NVX
	FREY	NVT	HUBB	AEIS	VRT	ENR	NEOV	HAYW	ESP	NVX

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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

NEOV	+ 0.93	FREY
HUBB	+ 0.9	NVT
ENR	+ 0.89	VRT
NEOV	+ 0.85	VRT
VRT	+ 0.84	FREY
ENR	+ 0.83	AEIS

High negative correlations

NVX

- 0.0

NEOV

Risk-Adjusted Indicators

There is a big difference between Powerstorm Pink Sheet performing well and Powerstorm Holdings 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 Powerstorm Holdings' 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
FREY	6.10	1.32	0.25	0.22	4.84	(8.11)	15.00	(8.98)	79.43
NVT	1.58	(0.04)	(0.01)	0.00	2.17	(1.75)	2.98	(3.45)	15.06
HUBB	1.18	(0.01)	0.00	0.02	1.44	(1.33)	2.53	(3.00)	10.96
AEIS	1.46	0.14	0.08	0.12	1.67	(1.55)	3.85	(2.91)	9.67
VRT	2.25	0.40	0.14	0.26	2.53	(2.38)	4.78	(4.40)	20.37
ENR	1.07	0.29	0.24	0.60	0.92	(1.25)	2.66	(2.03)	11.71
NEOV	4.25	0.78	0.14	0.50	4.90	(4.40)	9.58	(8.15)	23.13
HAYW	1.19	0.03	0.02	0.07	1.21	(1.50)	2.35	(2.05)	9.54
ESP	2.27	0.18	0.07	0.30	2.26	(2.62)	4.89	(4.09)	26.25
NVX	4.93	0.46	0.08	(1.03)	5.13	(8.21)	16.33	(6.31)	65.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Powerstorm Holdings 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.

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Powerstorm Holdings Corporate Management

Ann Sastry	Technical Advisor	Profile
Nick Moeders	Technology Advisor	Profile
Fady Khatib	Ex Director	Profile
Anamaria Pruteanu	Sr Board	Profile

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