Energous Correlations

WATT Stock

USD 0.41 0.05 13.89%

The current 90-days correlation between Energous and Coherent is 0.21 (i.e., Modest diversification). The correlation of Energous 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.

Energous Correlation With Market

Significant diversification

The correlation between Energous and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energous and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Energous. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Energous Stock please use our How to Invest in Energous guide.

Moving together with Energous Stock

0.9	ST	Sensata Technologies	Pair Corr
0.71	GNSS	Genasys	Pair Corr
0.61	SVREW	SaverOne 2014	Pair Corr
0.78	NOVT	Novanta	Pair Corr
0.71	CPTNW	Cepton Inc	Pair Corr
0.8	SOBR	Sobr Safe	Pair Corr
0.74	SVRE	SaverOne 2014 Buyout Trend	Pair Corr
0.7	CGNX	Cognex	Pair Corr

Moving against Energous Stock

0.87	ELSE	Electro Sensors	Pair Corr
0.82	ITRN	Ituran Location	Pair Corr
0.8	MIND	Mind Technology	Pair Corr
0.76	FARO	FARO Technologies	Pair Corr
0.7	GRMN	Garmin	Pair Corr
0.59	KEYS	Keysight Technologies	Pair Corr
0.55	VNT	Vontier Corp	Pair Corr
0.5	ESE	ESCO Technologies	Pair Corr
0.49	BMI	Badger Meter Fiscal Year End 24th of January 2025	Pair Corr
0.47	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.84	BKSY	Blacksky Technology	Pair Corr
0.83	BE	Bloom Energy Corp	Pair Corr
0.75	TRMB	Trimble	Pair Corr
0.72	AL	Air Lease	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.71	AZ	A2Z Smart Technologies	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.66	CPTN	Cepton Inc	Pair Corr
0.63	G	Genpact Limited	Pair Corr
0.63	DE	Deere Company	Pair Corr
0.62	R	Ryder System Earnings Call This Week	Pair Corr

Related Correlations Analysis

	COHR	ESE	MLAB	VPG	VNT	TDY	MKSI	SOTK	NOVT	BMI
COHR		0.6	-0.11	-0.25	0.64	0.66	0.64	0.63	-0.08	0.48	COHR
ESE	0.6		-0.43	-0.56	0.87	0.84	0.68	0.68	-0.31	0.33	ESE
MLAB	-0.11	-0.43		0.73	-0.25	-0.38	-0.17	-0.17	-0.05	0.24	MLAB
VPG	-0.25	-0.56	0.73		-0.51	-0.58	-0.13	-0.24	0.33	0.14	VPG
VNT	0.64	0.87	-0.25	-0.51		0.86	0.59	0.64	-0.28	0.36	VNT
TDY	0.66	0.84	-0.38	-0.58	0.86		0.49	0.61	-0.32	0.23	TDY
MKSI	0.64	0.68	-0.17	-0.13	0.59	0.49		0.38	-0.02	0.68	MKSI
SOTK	0.63	0.68	-0.17	-0.24	0.64	0.61	0.38		-0.23	0.15	SOTK
NOVT	-0.08	-0.31	-0.05	0.33	-0.28	-0.32	-0.02	-0.23		-0.11	NOVT
BMI	0.48	0.33	0.24	0.14	0.36	0.23	0.68	0.15	-0.11		BMI
	COHR	ESE	MLAB	VPG	VNT	TDY	MKSI	SOTK	NOVT	BMI

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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

VNT	+ 0.87	ESE
TDY	+ 0.86	VNT
TDY	+ 0.84	ESE
VPG	+ 0.73	MLAB
MKSI	+ 0.68	ESE
SOTK	+ 0.68	ESE

High negative correlations

TDY	- 0.58	VPG
VPG	- 0.56	ESE
VNT	- 0.51	VPG
MLAB	- 0.43	ESE
TDY	- 0.38	MLAB
NOVT	- 0.32	TDY

Risk-Adjusted Indicators

There is a big difference between Energous Stock performing well and Energous 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 Energous' 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
COHR	2.40	0.12	0.04	0.14	2.99	(2.48)	5.64	(4.90)	16.63
ESE	1.23	0.12	0.07	0.42	1.43	(1.26)	3.07	(2.07)	13.40
MLAB	2.43	0.16	0.04	1.02	3.61	(2.40)	4.46	(4.96)	23.18
VPG	1.73	0.01	(0.01)	(0.01)	2.18	(1.75)	3.56	(3.20)	11.08
VNT	1.19	0.15	0.11	0.25	1.23	(1.33)	2.48	(2.06)	12.03
TDY	0.89	0.12	0.11	0.42	0.83	(1.02)	2.08	(1.34)	8.59
MKSI	1.92	(0.01)	(0.01)	(0.01)	2.55	(2.05)	3.78	(3.85)	18.54
SOTK	2.03	0.06	0.01	0.18	2.95	(2.10)	3.72	(3.42)	18.96
NOVT	1.48	(0.15)	0.00	0.46	0.00	0.00	2.84	(3.24)	16.07
BMI	1.30	0.01	(0.01)	0.08	1.81	(1.32)	2.16	(2.52)	11.66

Energous Corporate Management

Cesar Johnston	Sr. VP of Engineering	Profile
Matt Sullivan	Investor Officer	Profile
Giampaolo Marino	Senior Development	Profile
Mallorie Burak	Chief Officer	Profile
Daniel Lawless	Senior Affairs	Profile
William Mannina	Acting Officer	Profile

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