Energy Recovery Correlations

Stocks . USA . 
Stock . Energy Recovery
ERII Stock  USD 13.54  0.11  0.81%   
The current 90-days correlation between Energy Recovery and Perma Pipe International Holdings is -0.03 (i.e., Good diversification). The correlation of Energy Recovery 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.

Energy Recovery Correlation With Market

Weak diversification

The correlation between Energy Recovery and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Recovery and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Energy Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Recovery. 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.
For more detail on how to invest in Energy Stock please use our How to Invest in Energy Recovery guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Energy Stock performing well and Energy Recovery 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 Energy Recovery'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.

Energy Recovery Corporate Management

James SiccardiVice RelationsProfile
Brandon YoungInterim OfficerProfile
Ram RamananChief OfficerProfile
Joshua CFAChief OfficerProfile
William JDChief BoardProfile
Kelley VendelandVice SustainabilityProfile
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