CN Energy Correlations

CNEY Stock

USD 2.68 0.06 2.29%

The current 90-days correlation between CN Energy Group and Amylyx Pharmaceuticals is -0.11 (i.e., Good diversification). The correlation of CN 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CN Energy Correlation With Market

Significant diversification

The correlation between CN Energy Group 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 CN Energy Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNEY Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. 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.

Moving together with CNEY Stock

0.72

KRO

Kronos Worldwide

Pair Corr

Moving against CNEY Stock

0.63	CMT	Core Molding Technologies	Pair Corr
0.6	ODC	Oil Dri	Pair Corr
0.59	LIN	Linde plc Ordinary	Pair Corr
0.53	KOP	Koppers Holdings Earnings Call This Week	Pair Corr
0.53	KWR	Quaker Chemical Earnings Call This Week	Pair Corr
0.49	FSI	Flexible Solutions	Pair Corr
0.48	APD	Air Products Earnings Call This Week	Pair Corr
0.48	ECL	Ecolab Inc Earnings Call This Week	Pair Corr
0.47	WTTR	Select Energy Services	Pair Corr
0.45	ECVT	Ecovyst Earnings Call This Week	Pair Corr
0.45	NEU	NewMarket Earnings Call This Week	Pair Corr
0.41	LYB	LyondellBasell Industries Earnings Call This Week	Pair Corr
0.4	ALB-PA	Albemarle	Pair Corr
0.4	FUL	H B Fuller	Pair Corr
0.36	ALB	Albemarle Corp Earnings Call This Week	Pair Corr
0.35	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.34	ESI	Element Solutions Earnings Call This Week	Pair Corr
0.7	SSL	Sasol	Pair Corr
0.68	HWKN	Hawkins Earnings Call This Week	Pair Corr
0.62	ALTO	Alto Ingredients	Pair Corr
0.52	PRM	Perimeter Solutions Earnings Call This Week	Pair Corr
0.51	GEVO	Gevo Inc	Pair Corr
0.5	LOOP	Loop Industries	Pair Corr
0.49	SNES	SenesTech	Pair Corr
0.48	MATV	Mativ Holdings	Pair Corr
0.47	LWLG	Lightwave Logic Earnings Call This Week	Pair Corr
0.37	NTIC	Northern Technologies	Pair Corr
0.35	NGVT	Ingevity Corp Earnings Call This Week	Pair Corr
0.33	SXT	Sensient Technologies Earnings Call Today	Pair Corr
0.32	AVTR	Avantor Earnings Call Today	Pair Corr

Related Correlations Analysis

	NUVL	MRK	AMLX	AA	SEER	AXP	RXT	BRGPX	VTYX	BXP
NUVL		0.63	0.86	0.63	0.63	0.65	0.39	0.75	0.85	0.66	NUVL
MRK	0.63		0.6	0.21	0.23	0.21	0.67	0.31	0.44	0.29	MRK
AMLX	0.86	0.6		0.67	0.5	0.65	0.56	0.75	0.82	0.51	AMLX
AA	0.63	0.21	0.67		0.6	0.89	0.1	0.91	0.71	0.69	AA
SEER	0.63	0.23	0.5	0.6		0.57	0.05	0.59	0.56	0.59	SEER
AXP	0.65	0.21	0.65	0.89	0.57		0.08	0.95	0.69	0.65	AXP
RXT	0.39	0.67	0.56	0.1	0.05	0.08		0.13	0.26	0.09	RXT
BRGPX	0.75	0.31	0.75	0.91	0.59	0.95	0.13		0.84	0.76	BRGPX
VTYX	0.85	0.44	0.82	0.71	0.56	0.69	0.26	0.84		0.83	VTYX
BXP	0.66	0.29	0.51	0.69	0.59	0.65	0.09	0.76	0.83		BXP
	NUVL	MRK	AMLX	AA	SEER	AXP	RXT	BRGPX	VTYX	BXP

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Risk-Adjusted Indicators

There is a big difference between CNEY Stock performing well and CN 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 CN 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
NUVL	2.02	(0.06)	0.00	0.16	2.45	(2.29)	4.52	(3.17)	11.94
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
AMLX	3.93	0.99	0.25	0.93	3.56	(4.81)	9.51	(5.95)	31.83
AA	2.22	0.22	0.13	0.35	1.89	(2.50)	5.39	(4.18)	13.36
SEER	2.10	0.03	(0.02)	0.26	2.39	(2.46)	4.59	(3.96)	16.56
AXP	1.23	(0.02)	0.07	0.19	1.34	(1.31)	3.06	(3.20)	8.50
RXT	3.43	(0.17)	0.02	0.13	4.23	(3.84)	7.63	(6.62)	22.84
BRGPX	0.38	0.07	(0.05)	0.34	0.00	(0.45)	1.27	(0.46)	2.62
VTYX	5.09	1.64	0.29	1.66	4.99	(6.23)	15.70	(7.92)	33.39
BXP	1.25	(0.04)	(0.01)	0.17	1.59	(1.25)	3.22	(2.18)	9.39

CN Energy Corporate Management

Xinyang Wang	Chairwoman Board	Profile
Kangbin Zheng	Chairman CEO	Profile
Jinwu Huang	Chief Officer	Profile
Steven Berman	Chief Officer	Profile

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