AFC Energy Correlations
| AFC Stock | 8.96 0.14 1.54% |
The current 90-days correlation between AFC Energy plc and Charter Communications Cl is -0.04 (i.e., Good diversification). The correlation of AFC Energy 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.
AFC Energy Correlation With Market
Modest diversification
The correlation between AFC Energy plc and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AFC Energy plc and DJI in the same portfolio, assuming nothing else is changed.
AFC |
The ability to find closely correlated positions to AFC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AFC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AFC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AFC Energy plc to buy it.
Moving against AFC Stock
| 0.63 | ENOG | Energean Oil Gas | PairCorr |
| 0.5 | BOWL | Hollywood Bowl Group | PairCorr |
| 0.47 | ONWD | Onward Opportunities | PairCorr |
| 0.45 | 0I1P | Comerica | PairCorr |
| 0.36 | AVCT | Avacta Group PLC | PairCorr |
| 0.71 | RM | RM Plc | PairCorr |
| 0.62 | 32ID | 32ID Earnings Call This Week | PairCorr |
| 0.48 | LMP | LondonMetric Property Plc Earnings Call This Week | PairCorr |
| 0.47 | 0MGD | Jyske Bank AS | PairCorr |
| 0.44 | OIT | Odyssean Investment Trust | PairCorr |
| 0.4 | PSN | Persimmon PLC | PairCorr |
| 0.4 | ITRK | Intertek Group PLC | PairCorr |
| 0.34 | EAAS | Eenergy Group PLC | PairCorr |
| 0.32 | MKS | Marks and Spencer | PairCorr |
Related Correlations Analysis
| -0.02 | 0.71 | 0.46 | -0.33 | -0.66 | 0HW4 | ||
| -0.02 | 0.25 | 0.46 | -0.55 | -0.46 | 0O2B | ||
| 0.71 | 0.25 | 0.69 | -0.65 | -0.79 | 0HTZ | ||
| 0.46 | 0.46 | 0.69 | -0.76 | -0.76 | MWE | ||
| -0.33 | -0.55 | -0.65 | -0.76 | 0.75 | IEM | ||
| -0.66 | -0.46 | -0.79 | -0.76 | 0.75 | 0R6V | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AFC Stock performing well and AFC Energy 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 AFC Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0HW4 | 1.37 | (0.41) | 0.00 | (0.47) | 0.00 | 2.53 | 9.70 | |||
| 0O2B | 1.63 | (0.11) | 0.00 | (1.44) | 0.00 | 4.03 | 11.11 | |||
| 0HTZ | 2.76 | 0.06 | (0.02) | 0.00 | 3.85 | 6.80 | 23.35 | |||
| MWE | 1.97 | (0.03) | 0.00 | 0.13 | 0.00 | 5.06 | 18.97 | |||
| IEM | 0.56 | (0.04) | (0.08) | 0.02 | 0.74 | 1.01 | 3.25 | |||
| 0R6V | 1.14 | 0.21 | 0.07 | (0.62) | 1.29 | 2.38 | 12.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AFC Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
AFC Energy Corporate Management
Elected by the shareholders, the AFC Energy's board of directors comprises two types of representatives: AFC Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AFC. The board's role is to monitor AFC Energy's management team and ensure that shareholders' interests are well served. AFC Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AFC Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter ACA | Executive Officer | Profile | |
| Adam Bond | CEO Director | Profile | |
| Iain Thomson | Head Management | Profile | |
| David Harvey | Chief Officer | Profile | |
| Brendan Keane | Company Secretary | Profile |