Verde Clean Correlations

VGAS Stock

3.42 0.06 1.79%

The current 90-days correlation between Verde Clean Fuels and Ellomay Capital is -0.14 (i.e., Good diversification). The correlation of Verde Clean 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Verde Clean Correlation With Market

Good diversification

The correlation between Verde Clean Fuels and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verde Clean Fuels and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Verde Stock

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

Moving together with Verde Stock

0.66	ELLO	Ellomay Capital	Pair Corr
0.67	WAVE	Eco Wave Power	Pair Corr
0.64	ENLT	Enlight Renewable Energy	Pair Corr
0.68	ADN	Advent Technologies Trending	Pair Corr
0.81	BEP-PA	Brookfield Renewable	Pair Corr
0.75	HTOO	Fusion Fuel Green	Pair Corr
0.64	ADNWW	Advent Technologies	Pair Corr
0.77	NRGV	Energy Vault Holdings	Pair Corr
0.69	HTOOW	Fusion Fuel Green	Pair Corr
0.73	ALCE	Alternus Energy Group	Pair Corr
0.72	SUUN	SolarBank Common	Pair Corr
0.67	VG	Venture Global,	Pair Corr
0.7	CMS-PC	CMS Energy	Pair Corr
0.64	VSTE	Vast Renewables	Pair Corr

Moving against Verde Stock

0.65	EBR	Centrais Electricas	Pair Corr
0.56	AQN	Algonquin Power Utilities Earnings Call Tomorrow	Pair Corr
0.54	AMPS	Altus Power	Pair Corr
0.44	CWEN	Clearway Energy Class Earnings Call Tomorrow	Pair Corr
0.42	ORA	Ormat Technologies Earnings Call Tomorrow	Pair Corr
0.65	ED	Consolidated Edison	Pair Corr
0.61	AVA	Avista	Pair Corr
0.57	ELPC	Companhia Paranaense	Pair Corr
0.57	AWK	American Water Works	Pair Corr
0.51	SR	Spire Inc	Pair Corr
0.51	WTRG	Essential Utilities	Pair Corr
0.5	ATO	Atmos Energy	Pair Corr
0.38	SO	Southern	Pair Corr
0.37	AWR	American States Water	Pair Corr

Related Correlations Analysis

	BNRG	ADN	HTOOW	DNNGY	ENLT	RNW	CWEN	EE	ELLO	ALTNF
BNRG		0.18	0.3	0.11	-0.04	-0.09	-0.06	0.26	-0.05	0.2	BNRG
ADN	0.18		0.83	0.4	0.53	0.2	-0.35	0.82	0.59	0.28	ADN
HTOOW	0.3	0.83		0.07	0.54	0.39	-0.57	0.8	0.62	0.45	HTOOW
DNNGY	0.11	0.4	0.07		0.26	-0.32	0.5	0.25	0.3	-0.33	DNNGY
ENLT	-0.04	0.53	0.54	0.26		0.42	-0.24	0.49	0.77	-0.02	ENLT
RNW	-0.09	0.2	0.39	-0.32	0.42		-0.46	0.44	0.42	0.17	RNW
CWEN	-0.06	-0.35	-0.57	0.5	-0.24	-0.46		-0.32	-0.24	-0.37	CWEN
EE	0.26	0.82	0.8	0.25	0.49	0.44	-0.32		0.63	0.29	EE
ELLO	-0.05	0.59	0.62	0.3	0.77	0.42	-0.24	0.63		0.13	ELLO
ALTNF	0.2	0.28	0.45	-0.33	-0.02	0.17	-0.37	0.29	0.13		ALTNF
	BNRG	ADN	HTOOW	DNNGY	ENLT	RNW	CWEN	EE	ELLO	ALTNF

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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

HTOOW	+ 0.83	ADN
EE	+ 0.82	ADN
EE	+ 0.8	HTOOW
ELLO	+ 0.77	ENLT
ELLO	+ 0.63	EE
ELLO	+ 0.62	HTOOW

High negative correlations

CWEN	- 0.57	HTOOW
CWEN	- 0.46	RNW
ALTNF	- 0.37	CWEN
CWEN	- 0.35	ADN
ALTNF	- 0.33	DNNGY
EE	- 0.32	CWEN

Risk-Adjusted Indicators

There is a big difference between Verde Stock performing well and Verde Clean 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 Verde Clean'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
BNRG	5.12	(0.47)	0.00	1.04	0.00	0.00	14.41	(9.22)	46.16
ADN	5.06	(0.21)	0.00	2.44	0.00	0.00	14.69	(13.91)	38.95
HTOOW	10.33	(0.90)	0.00	2.87	0.00	0.00	28.36	(25.68)	79.52
DNNGY	1.94	0.05	0.07	(0.35)	2.90	(1.82)	3.75	(3.85)	18.17
ENLT	1.81	0.17	0.10	0.23	2.29	(1.81)	3.63	(3.92)	9.44
RNW	1.64	0.06	0.00	(0.03)	0.00	0.00	3.56	(3.78)	9.07
CWEN	1.34	0.28	0.13	0.26	2.31	(1.32)	3.18	(2.60)	12.49
EE	1.89	(0.10)	0.00	(0.25)	0.00	0.00	4.33	(4.77)	12.46
ELLO	2.50	(0.02)	0.00	(0.16)	0.00	0.00	6.35	(5.37)	15.03
ALTNF	3.09	(1.65)	0.00	4.05	0.00	0.00	0.00	0.00	88.46

Verde Clean Corporate Management

Ernest IV	Chief Officer	Profile
Rohn Crabtree	Executive Development	Profile
George III	Chief Officer	Profile
Shannon Linden	Chief Officer	Profile
George Burdette	Chief Officer	Profile
Vincent Marchese	Controller	Profile
John Doyle	Chief Officer	Profile

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