Fuel Tech Correlations

FTEK Stock  USD 2.66  0.16  6.40%   
The current 90-days correlation between Fuel Tech and LiqTech International is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fuel Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fuel Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fuel Tech Correlation With Market

Good diversification

The correlation between Fuel Tech and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fuel Tech 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 Fuel Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Fuel Stock please use our How to buy in Fuel Stock guide.

Moving together with Fuel Stock

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Moving against Fuel Stock

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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   
POLAERII
VVPROPTT
CBATCECO
CBATOPTT
VVPRLIQT
OPTTLIQT
  
High negative correlations   
POLACBAT
CECOERII
POLACECO
CBATERII
VVPRPOLA
POLACLIR

Risk-Adjusted Indicators

There is a big difference between Fuel Stock performing well and Fuel Tech 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 Fuel Tech'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.

Fuel Tech Corporate Management