374Water Common Correlations

SCWO Stock

USD 0.33 0.02 6.45%

The current 90-days correlation between 374Water Common Stock and Cerberus Cyber Sentinel is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 374Water Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 374Water Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

374Water Common Correlation With Market

Weak diversification

The correlation between 374Water Common Stock and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 374Water Common Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 374Water Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 374Water Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with 374Water Stock

0.61	HI	Hillenbrand	Pair Corr
0.83	PH	Parker Hannifin	Pair Corr
0.78	301053	Yoantion Industrial	Pair Corr
0.69	EPAC	Enerpac Tool Group	Pair Corr
0.65	ERII	Energy Recovery	Pair Corr
0.87	DCI	Donaldson	Pair Corr
0.71	ESE	ESCO Technologies	Pair Corr
0.8	FSTR	LB Foster	Pair Corr
0.66	GRC	Gorman Rupp	Pair Corr
0.75	ITT	ITT Inc	Pair Corr
0.62	ITW	Illinois Tool Works	Pair Corr

Moving against 374Water Stock

0.81	RFG	Roebuck Food Group	Pair Corr
0.79	EVEX	Eve Holding	Pair Corr
0.76	AZ	A2Z Smart Technologies	Pair Corr
0.66	HILTON	Hilton Metal Forging	Pair Corr
0.61	HY	Hyster Yale Materials	Pair Corr
0.56	CR	Crane Company	Pair Corr
0.56	ESAB	ESAB Corp	Pair Corr
0.55	TEXRAIL	Texmaco Rail Engineering	Pair Corr
0.53	300280	Jiangsu Zitian Media	Pair Corr
0.52	AIN	Albany International	Pair Corr
0.41	IR	Ingersoll Rand	Pair Corr
0.37	600765	AVIC Heavy Machinery	Pair Corr
0.72	FIP	FTAI Infrastructure	Pair Corr
0.56	KMT	Kennametal	Pair Corr
0.56	MEC	Mayville Engineering	Pair Corr
0.55	DOV	Dover	Pair Corr
0.54	IEX	IDEX	Pair Corr
0.49	FTV	Fortive Corp	Pair Corr
0.41	KAI	Kadant Inc	Pair Corr
0.32	SMR	Nuscale Power Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	FSS	ZWS	CECO	ERII	SKYX	CISO	MODD	RPID	STSS
FSS		0.9	0.84	0.52	0.62	-0.27	0.37	-0.64	0.33	FSS
ZWS	0.9		0.97	0.78	0.68	-0.1	0.2	-0.55	0.4	ZWS
CECO	0.84	0.97		0.81	0.64	-0.12	0.12	-0.46	0.35	CECO
ERII	0.52	0.78	0.81		0.63	0.05	-0.08	-0.24	0.31	ERII
SKYX	0.62	0.68	0.64	0.63		0.16	0.36	-0.43	0.49	SKYX
CISO	-0.27	-0.1	-0.12	0.05	0.16		-0.04	0.43	-0.08	CISO
MODD	0.37	0.2	0.12	-0.08	0.36	-0.04		-0.2	0.23	MODD
RPID	-0.64	-0.55	-0.46	-0.24	-0.43	0.43	-0.2		-0.55	RPID
STSS	0.33	0.4	0.35	0.31	0.49	-0.08	0.23	-0.55		STSS
	FSS	ZWS	CECO	ERII	SKYX	CISO	MODD	RPID	STSS

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

CECO	+ 0.97	ZWS
ZWS	+ 0.9	FSS
CECO	+ 0.84	FSS
ERII	+ 0.81	CECO
ERII	+ 0.78	ZWS
SKYX	+ 0.68	ZWS

High negative correlations

RPID	- 0.64	FSS
STSS	- 0.55	RPID
RPID	- 0.55	ZWS
RPID	- 0.46	CECO
RPID	- 0.43	SKYX
CISO	- 0.27	FSS

Risk-Adjusted Indicators

There is a big difference between 374Water Stock performing well and 374Water Common 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 374Water Common'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
FSS	1.43	0.10	0.05	0.21	1.40	(1.84)	2.39	(2.63)	21.35
ZWS	1.26	0.31	0.22	0.60	0.89	(1.47)	2.98	(2.02)	14.43
CECO	2.33	0.85	0.37	2.20	1.71	(2.93)	5.46	(3.28)	20.67
ERII	1.44	0.22	0.15	0.23	1.45	(1.63)	3.70	(2.42)	10.70
SKYX	2.60	(0.01)	0.02	0.06	3.03	(3.00)	5.61	(5.31)	15.51
CISO	3.78	(0.10)	(0.02)	0.00	3.68	(5.69)	10.19	(6.72)	27.48
MODD	1.89	(0.09)	0.00	(0.02)	0.00	0.00	4.29	(4.05)	13.81
RPID	3.82	0.14	0.03	0.16	5.27	(4.06)	8.58	(7.37)	27.30
STSS	6.36	0.68	0.11	0.57	5.94	(8.53)	30.00	(12.26)	67.99

374Water Common Corporate Management

Deborah Cooper	Chief Staff	Profile
James Siccardi	Senior Relations	Profile
Jeffrey Esq	Interim Counsel	Profile
Peter Mandel	General Counsel	Profile
Peter JD	General Counsel	Profile
Megan Baumgartner	Head Culture	Profile

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