Rain Enhancement Correlations

RAINW Stock

0.12 0.03 20.00%

The correlation of Rain Enhancement 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.

Rain Enhancement Correlation With Market

Good diversification

The correlation between Rain Enhancement Technologies and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rain Enhancement Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rain Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rain Enhancement Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Rain Stock

0.63

RAIN

Rain Enhancement Tec

Pair Corr

Moving against Rain Stock

0.36	ERII	Energy Recovery	Pair Corr
0.32	G	Genpact Limited	Pair Corr
0.42	CODI-PA	Compass Diversified	Pair Corr
0.35	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	ELTK	ADI	VPG	AMKR	EVTZF	UMC	JBL	MRAM
ELTK		0.82	0.74	0.74	0.8	0.83	0.67	0.7	ELTK
ADI	0.82		0.91	0.98	0.94	0.91	0.92	0.91	ADI
VPG	0.74	0.91		0.87	0.89	0.82	0.82	0.84	VPG
AMKR	0.74	0.98	0.87		0.89	0.87	0.95	0.92	AMKR
EVTZF	0.8	0.94	0.89	0.89		0.9	0.89	0.81	EVTZF
UMC	0.83	0.91	0.82	0.87	0.9		0.83	0.77	UMC
JBL	0.67	0.92	0.82	0.95	0.89	0.83		0.89	JBL
MRAM	0.7	0.91	0.84	0.92	0.81	0.77	0.89		MRAM
	ELTK	ADI	VPG	AMKR	EVTZF	UMC	JBL	MRAM

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Risk-Adjusted Indicators

There is a big difference between Rain Stock performing well and Rain Enhancement 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 Rain Enhancement'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
ELTK	1.92	0.38	0.11	14.28	1.96	(2.37)	4.34	(2.93)	13.11
ADI	1.31	0.31	0.25	0.38	0.92	(1.61)	3.01	(1.88)	12.17
VPG	2.68	0.27	0.14	0.26	2.53	(2.96)	6.31	(4.53)	24.61
AMKR	1.78	0.20	0.12	0.27	1.73	(2.05)	3.82	(3.26)	11.83
EVTZF	0.75	0.25	0.09	1.51	0.79	(1.03)	1.90	(1.36)	8.48
UMC	1.38	0.15	0.06	0.41	1.42	(1.61)	3.29	(2.85)	9.03
JBL	1.31	0.67	0.58	0.82	0.00	(1.64)	3.95	(1.38)	10.46
MRAM	1.88	0.45	0.15	1.13	2.01	(2.23)	4.05	(2.74)	18.09

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