Crown Electrokinetics Correlations
| CRKNDelisted Stock | USD 3.11 0.09 2.81% |
The current 90-days correlation between Crown Electrokinetics and CN Energy Group is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crown Electrokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Electrokinetics Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Crown Electrokinetics Correlation With Market
Good diversification
The correlation between Crown Electrokinetics Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Electrokinetics Corp and DJI in the same portfolio, assuming nothing else is changed.
Crown |
The ability to find closely correlated positions to Crown Electrokinetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Electrokinetics 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 Crown Electrokinetics - 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 Crown Electrokinetics Corp to buy it.
Moving together with Crown OTC Stock
Moving against Crown OTC Stock
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| 0.89 | CMT | Core Molding Technologies | PairCorr |
| 0.87 | DD | Dupont De Nemours | PairCorr |
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| 0.7 | ALB-PA | Albemarle | PairCorr |
| 0.7 | FUL | H B Fuller | PairCorr |
| 0.67 | ALB | Albemarle Corp | PairCorr |
| 0.63 | LYB | LyondellBasell Industries | PairCorr |
| 0.56 | IFF | International Flavors | PairCorr |
| 0.33 | ASH | Ashland Global Holdings | PairCorr |
| 0.92 | SXT | Sensient Technologies | PairCorr |
| 0.91 | NEU | NewMarket | PairCorr |
| 0.9 | MATV | Mativ Holdings | PairCorr |
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| 0.82 | ALTO | Alto Ingredients | PairCorr |
| 0.76 | LWLG | Lightwave Logic Buyout Trend | PairCorr |
| 0.71 | RPM | RPM International | PairCorr |
| 0.63 | LOOP | Loop Industries Earnings Call Tomorrow | PairCorr |
| 0.62 | GEVO | Gevo Inc | PairCorr |
| 0.53 | SHW | Sherwin Williams Earnings Call Next Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Crown OTC Stock performing well and Crown Electrokinetics OTC Stock 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 Crown Electrokinetics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNEY | 4.12 | (0.34) | 0.00 | (0.09) | 0.00 | 9.51 | 38.04 | |||
| SNES | 4.44 | 1.78 | 0.53 | 1.30 | 2.36 | 20.44 | 35.83 | |||
| DNMR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBNT | 14.87 | 1.39 | 0.08 | 0.81 | 13.53 | 40.00 | 103.57 | |||
| COWI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FRGT | 7.81 | (0.45) | (0.02) | 0.01 | 9.82 | 11.90 | 141.46 | |||
| FOXO | 8.01 | (1.14) | 0.00 | 0.89 | 0.00 | 10.00 | 204.36 | |||
| PBLA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PXMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Crown Electrokinetics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Crown Electrokinetics otc stock to make a market-neutral strategy. Peer analysis of Crown Electrokinetics could also be used in its relative valuation, which is a method of valuing Crown Electrokinetics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Crown Electrokinetics Corporate Management
Elected by the shareholders, the Crown Electrokinetics' board of directors comprises two types of representatives: Crown Electrokinetics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crown. The board's role is to monitor Crown Electrokinetics' management team and ensure that shareholders' interests are well served. Crown Electrokinetics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Crown Electrokinetics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joel Krutz | Chief Officer | Profile | |
| Corey Boaz | Water Construction | Profile | |
| Robert Vandal | Chief Officer | Profile | |
| Douglas Croxall | Chairman CEO | Profile |
Still Interested in Crown Electrokinetics Corp?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.