ReVolve Renewable Correlations
| REVV Stock | 0.19 0.02 11.76% |
The current 90-days correlation between ReVolve Renewable Power and Wilmington Capital Management is 0.33 (i.e., Weak diversification). The correlation of ReVolve Renewable 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.
ReVolve Renewable Correlation With Market
Good diversification
The correlation between ReVolve Renewable Power and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ReVolve Renewable Power and DJI in the same portfolio, assuming nothing else is changed.
ReVolve |
The ability to find closely correlated positions to ReVolve Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ReVolve Renewable 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 ReVolve Renewable - 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 ReVolve Renewable Power to buy it.
Moving together with ReVolve Stock
Moving against ReVolve Stock
| 0.81 | CERT | Cerrado Gold Corp | PairCorr |
| 0.8 | CEF | Sprott Physical Gold | PairCorr |
| 0.72 | CS | Capstone Mining Corp | PairCorr |
| 0.71 | III | Imperial Metals | PairCorr |
| 0.68 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.67 | DGS | Dividend Growth Split | PairCorr |
| 0.67 | RIO | Rio2 | PairCorr |
| 0.66 | GIL | Gildan Activewear | PairCorr |
| 0.66 | IAG | iA Financial | PairCorr |
| 0.65 | GMX | Globex Mining Enterprises | PairCorr |
| 0.64 | TVE | Tamarack Valley Energy | PairCorr |
| 0.63 | CGG | China Gold International | PairCorr |
| 0.61 | PVF-UN | Partners Value Inves Earnings Call Today | PairCorr |
| 0.58 | CPL | Copper Lake Resources | PairCorr |
| 0.58 | GOOG | Alphabet CDR | PairCorr |
| 0.55 | AAV | Advantage Oil Gas | PairCorr |
| 0.49 | MEG | MEG Energy Corp | PairCorr |
| 0.42 | MG | Magna International | PairCorr |
| 0.38 | BST | Bessor Minerals | PairCorr |
Related Correlations Analysis
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 ReVolve Stock performing well and ReVolve Renewable 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 ReVolve Renewable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGF-B | 1.35 | 0.23 | 0.11 | 1.21 | 1.32 | 3.21 | 9.36 | |||
| PPL | 0.91 | 0.12 | 0.05 | 0.66 | 1.05 | 1.75 | 9.40 | |||
| CUP-U | 1.51 | 0.13 | 0.02 | (0.83) | 2.54 | 2.66 | 33.89 | |||
| WCM-A | 0.21 | (0.01) | 0.00 | (0.20) | 0.00 | 0.00 | 11.28 | |||
| OGD | 2.48 | 0.17 | 0.01 | (0.14) | 3.60 | 6.80 | 23.03 | |||
| CIA | 1.63 | 0.32 | 0.14 | 0.45 | 1.71 | 3.24 | 15.06 | |||
| ASTL | 3.58 | (0.36) | 0.00 | (0.13) | 0.00 | 8.01 | 25.71 | |||
| BN-PK | 0.27 | 0.00 | (0.13) | 0.13 | 0.31 | 0.63 | 1.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ReVolve Renewable 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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ReVolve Renewable Corporate Management
Elected by the shareholders, the ReVolve Renewable's board of directors comprises two types of representatives: ReVolve Renewable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ReVolve. The board's role is to monitor ReVolve Renewable's management team and ensure that shareholders' interests are well served. ReVolve Renewable'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, ReVolve Renewable's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Dalton | CEO Founder | Profile | |
| Joseph OFarrell | Co Director | Profile | |
| Eric Hickert | Head Generation | Profile | |
| Janet Bates | Financial Secretary | Profile | |
| Humberto Bustamante | Group Manager | Profile | |
| Valerie Bojorquez | Head Affairs | Profile |