Advent Technologies Correlations

ADN Stock

USD 2.67 0.13 4.64%

The current 90-days correlation between Advent Technologies and Fusion Fuel Green is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advent Technologies Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Advent Technologies Correlation With Market

Significant diversification

The correlation between Advent Technologies Holdings and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advent Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Advent Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Advent Stock

0.86	BE	Bloom Energy Corp	Pair Corr
0.77	TE	T1 Energy Symbol Change	Pair Corr
0.76	ENVX	Enovix Corp Buyout Trend	Pair Corr
0.77	FCEL	FuelCell Energy	Pair Corr
0.75	AYI	Acuity Brands	Pair Corr
0.87	EAF	GrafTech International	Pair Corr
0.8	ENS	Enersys	Pair Corr
0.77	GWH	ESS Tech Earnings Call This Week	Pair Corr
0.64	XPON	Expion360	Pair Corr
0.63	STI	Solidion Technology	Pair Corr
0.66	HAYW	Hayward Holdings	Pair Corr
0.79	SDSTW	Stardust Power Symbol Change	Pair Corr
0.72	ADSEW	ADS TEC ENERGY	Pair Corr
0.88	PLUG	Plug Power	Pair Corr
0.82	POLA	Polar Power Earnings Call Today	Pair Corr
0.83	PPSI	Pioneer Power Solutions	Pair Corr
0.71	ADSE	Ads Tec Energy	Pair Corr
0.74	SDST	Stardust Power Symbol Change	Pair Corr

Moving against Advent Stock

0.73	ELPW	Elong Power Holding Downward Rally	Pair Corr
0.68	ESP	Espey Mfg Electronics	Pair Corr
0.32	ELVA	Electrovaya Common Shares	Pair Corr
0.71	RAYA	Erayak Power Solution	Pair Corr

Related Correlations Analysis

	HTOOW	FLNC	AMPS	NRGV	ENLT	RNW	AY	CWEN
HTOOW		0.63	-0.77	0.85	0.39	0.24	0.0	-0.48	HTOOW
FLNC	0.63		-0.62	0.77	0.36	0.48	0.0	-0.55	FLNC
AMPS	-0.77	-0.62		-0.87	-0.41	-0.48	0.0	0.78	AMPS
NRGV	0.85	0.77	-0.87		0.53	0.42	0.0	-0.7	NRGV
ENLT	0.39	0.36	-0.41	0.53		0.48	0.0	-0.21	ENLT
RNW	0.24	0.48	-0.48	0.42	0.48		0.0	-0.39	RNW
AY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AY
CWEN	-0.48	-0.55	0.78	-0.7	-0.21	-0.39	0.0		CWEN
	HTOOW	FLNC	AMPS	NRGV	ENLT	RNW	AY	CWEN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NRGV	+ 0.85	HTOOW
CWEN	+ 0.78	AMPS
NRGV	+ 0.77	FLNC
FLNC	+ 0.63	HTOOW
ENLT	+ 0.53	NRGV
RNW	+ 0.48	FLNC

High negative correlations

NRGV	- 0.87	AMPS
AMPS	- 0.77	HTOOW
CWEN	- 0.7	NRGV
AMPS	- 0.62	FLNC
CWEN	- 0.55	FLNC
RNW	- 0.48	AMPS

Risk-Adjusted Indicators

There is a big difference between Advent Stock performing well and Advent Technologies 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 Advent Technologies' 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
HTOOW	10.64	(0.30)	0.00	1.41	0.00	0.00	28.36	(25.68)	79.52
FLNC	4.73	(0.67)	0.00	(0.46)	0.00	0.00	7.77	(9.36)	50.75
AMPS	1.46	0.41	0.20	2.01	1.43	(1.87)	2.96	(3.27)	27.76
NRGV	5.04	(1.02)	0.00	2.46	0.00	0.00	10.14	(10.81)	38.70
ENLT	1.78	0.24	0.12	0.42	2.20	(1.83)	4.06	(3.90)	9.44
RNW	1.64	0.03	0.00	(0.03)	0.00	0.00	3.56	(3.78)	9.07
AY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWEN	1.35	0.21	0.10	0.24	2.29	(1.34)	3.18	(2.60)	12.49

Advent Technologies Corporate Management

Ian Kaye	VP Devel	Profile
George Paloumpis	Chief Patras	Profile
Emory Castro	CTO Director	Profile
Nora Gourdoupi	Sr Director	Profile
Steven Rock	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC