JE Cleantech Correlations

JCSE Stock

USD 1.09 0.03 2.83%

The current 90-days correlation between JE Cleantech Holdings and Ostin Technology Group is 0.05 (i.e., Significant diversification). The correlation of JE Cleantech 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.

JE Cleantech Correlation With Market

Good diversification

The correlation between JE Cleantech Holdings and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JE Cleantech Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JCSE Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JE Cleantech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with JCSE Stock

0.63	EPAC	Enerpac Tool Group	Pair Corr
0.61	AME	Ametek Inc	Pair Corr
0.63	GRC	Gorman Rupp Earnings Call This Week	Pair Corr
0.69	IEX	IDEX	Pair Corr
0.61	RRX	Regal Beloit	Pair Corr

Related Correlations Analysis

	ATVK	BURU	GTEC	QIND	OST	ILAG	VRAX	ONCO	HTCR
ATVK		0.66	0.21	-0.26	-0.38	0.79	-0.74	-0.7	-0.71	ATVK
BURU	0.66		0.31	-0.29	0.04	0.67	-0.71	-0.48	-0.43	BURU
GTEC	0.21	0.31		-0.88	0.45	0.35	-0.19	0.12	-0.15	GTEC
QIND	-0.26	-0.29	-0.88		-0.28	-0.33	0.19	-0.1	0.22	QIND
OST	-0.38	0.04	0.45	-0.28		-0.04	0.04	0.31	0.37	OST
ILAG	0.79	0.67	0.35	-0.33	-0.04		-0.79	-0.71	-0.64	ILAG
VRAX	-0.74	-0.71	-0.19	0.19	0.04	-0.79		0.76	0.57	VRAX
ONCO	-0.7	-0.48	0.12	-0.1	0.31	-0.71	0.76		0.66	ONCO
HTCR	-0.71	-0.43	-0.15	0.22	0.37	-0.64	0.57	0.66		HTCR
	ATVK	BURU	GTEC	QIND	OST	ILAG	VRAX	ONCO	HTCR

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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

ILAG	+ 0.79	ATVK
ONCO	+ 0.76	VRAX
ILAG	+ 0.67	BURU
BURU	+ 0.66	ATVK
HTCR	+ 0.66	ONCO
HTCR	+ 0.57	VRAX

High negative correlations

QIND	- 0.88	GTEC
VRAX	- 0.79	ILAG
VRAX	- 0.74	ATVK
ONCO	- 0.71	ILAG
VRAX	- 0.71	BURU
HTCR	- 0.71	ATVK

Risk-Adjusted Indicators

There is a big difference between JCSE Stock performing well and JE Cleantech 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 JE Cleantech'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
ATVK	16.86	5.52	0.32	3.33	13.36	(24.78)	42.86	(25.00)	139.29
BURU	7.86	1.26	0.16	0.75	6.40	(12.81)	13.33	(12.20)	98.89
GTEC	3.28	0.31	0.09	0.34	3.38	(3.79)	8.95	(5.44)	27.73
QIND	7.90	(0.36)	0.00	0.95	0.00	0.00	21.49	(14.97)	56.84
OST	13.71	3.51	0.12	(4.43)	19.69	(15.13)	25.42	(36.36)	392.65
ILAG	4.94	0.71	0.11	0.44	6.13	(6.45)	10.64	(7.69)	52.34
VRAX	3.09	(0.31)	0.00	(0.01)	0.00	0.00	5.75	(6.45)	15.20
ONCO	6.55	(0.74)	0.00	(0.20)	0.00	0.00	13.77	(15.78)	47.25
HTCR	4.46	(0.24)	0.00	0.52	0.00	0.00	9.30	(10.81)	41.87

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