Acorn Energy Correlations

ACFN Stock

USD 19.02 0.93 4.66%

The current 90-days correlation between Acorn Energy Common and Westell Technologies is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acorn Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acorn Energy Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Acorn Energy Correlation With Market

Modest diversification

The correlation between Acorn Energy Common and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acorn Energy Common and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Acorn OTC Stock

0.75	DVNHF	Frontier Services	Pair Corr
0.6	SOHOO	Sotherly Hotels Pref	Pair Corr
0.59	WEGZY	WEG SA ADR	Pair Corr
0.56	HAVLF	HAVN Life Sciences	Pair Corr
0.39	MATX	Matson Inc	Pair Corr
0.36	SITM	Sitime	Pair Corr
0.34	ZHCLF	Zenith Capital Corp	Pair Corr
0.31	NTR	Nutrien	Pair Corr
0.72	BIIB	Biogen Inc	Pair Corr
0.71	MH	McGraw Hill	Pair Corr
0.61	ROL	Rollins	Pair Corr
0.56	PITAF	Poste Italiane SpA	Pair Corr
0.55	FSBW	FS Bancorp Earnings Call Today	Pair Corr
0.54	CHRW	CH Robinson Worldwide Earnings Call This Week	Pair Corr
0.47	GJR	Strats SM Trust	Pair Corr
0.47	GM	General Motors Earnings Call This Week	Pair Corr
0.46	PILBF	Pilbara Minerals	Pair Corr
0.37	AXP	American Express	Pair Corr
0.36	VLY	Valley National Bancorp Earnings Call Today	Pair Corr

Related Correlations Analysis

	LUNA	AILE	WSTL	NYWKF	VSQTF	KDCXF	AATC	SILLF	RAASY	EAXR
LUNA		0.0	-0.25	0.38	0.5	-0.73	0.7	0.23	-0.7	0.52	LUNA
AILE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AILE
WSTL	-0.25	0.0		-0.11	-0.33	0.5	-0.35	-0.18	0.36	-0.2	WSTL
NYWKF	0.38	0.0	-0.11		0.09	-0.43	0.52	0.05	-0.52	0.78	NYWKF
VSQTF	0.5	0.0	-0.33	0.09		-0.67	0.39	-0.08	-0.45	0.26	VSQTF
KDCXF	-0.73	0.0	0.5	-0.43	-0.67		-0.75	-0.17	0.85	-0.62	KDCXF
AATC	0.7	0.0	-0.35	0.52	0.39	-0.75		0.42	-0.86	0.6	AATC
SILLF	0.23	0.0	-0.18	0.05	-0.08	-0.17	0.42		-0.3	0.07	SILLF
RAASY	-0.7	0.0	0.36	-0.52	-0.45	0.85	-0.86	-0.3		-0.61	RAASY
EAXR	0.52	0.0	-0.2	0.78	0.26	-0.62	0.6	0.07	-0.61		EAXR
	LUNA	AILE	WSTL	NYWKF	VSQTF	KDCXF	AATC	SILLF	RAASY	EAXR

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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

RAASY	+ 0.85	KDCXF
EAXR	+ 0.78	NYWKF
AATC	+ 0.7	LUNA
EAXR	+ 0.6	AATC
EAXR	+ 0.52	LUNA
AATC	+ 0.52	NYWKF

High negative correlations

RAASY	- 0.86	AATC
AATC	- 0.75	KDCXF
KDCXF	- 0.73	LUNA
RAASY	- 0.7	LUNA
KDCXF	- 0.67	VSQTF
EAXR	- 0.62	KDCXF

Risk-Adjusted Indicators

There is a big difference between Acorn OTC Stock performing well and Acorn Energy OTC Stock 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 Acorn 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
LUNA	5.24	0.28	0.02	0.44	7.26	(8.19)	18.18	(14.29)	47.62
AILE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSTL	2.92	0.02	0.00	0.10	4.03	(2.98)	4.66	(6.60)	19.53
NYWKF	3.09	(0.59)	0.00	(0.42)	0.00	0.00	7.81	(7.55)	23.70
VSQTF	4.20	(0.23)	0.00	(0.04)	0.00	0.00	8.00	(8.20)	40.55
KDCXF	1.09	0.59	0.00	(1.01)	0.00	0.00	0.00	0.00	30.43
AATC	0.94	(0.12)	0.00	6.93	0.00	0.00	1.72	(2.33)	10.08
SILLF	1.73	(0.54)	0.00	0.52	0.00	0.00	0.00	0.00	57.64
RAASY	6.07	1.18	0.12	(15.52)	6.48	(7.83)	20.00	(9.76)	48.89
EAXR	9.55	0.52	0.01	(0.56)	13.63	(31.98)	33.33	(33.75)	135.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Acorn Energy 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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