Brenmiller Energy Correlations

BNRG Stock

USD 1.45 0.03 2.11%

The current 90-days correlation between Brenmiller Energy and Smart Powerr Corp is -0.19 (i.e., Good diversification). The correlation of Brenmiller 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.

Brenmiller Energy Correlation With Market

Significant diversification

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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brenmiller Energy Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Brenmiller Stock

0.69

STEM

Stem Inc

Pair Corr

Moving against Brenmiller Stock

0.43	BEPC	Brookfield Renewable Corp	Pair Corr
0.38	BEP	Brookfield Renewable	Pair Corr
0.32	WAVE	Eco Wave Power	Pair Corr
0.52	HE	Hawaiian Electric	Pair Corr
0.48	WTRG	Essential Utilities	Pair Corr
0.31	CWEN	Clearway Energy Class	Pair Corr

Related Correlations Analysis

	VGASW	CREG	ORA	TKECF	CPWR	VGAS	ADN	HTOOW	DNNGY
VGASW		0.35	-0.01	-0.28	0.0	-0.1	-0.19	-0.54	-0.2	VGASW
CREG	0.35		0.42	0.22	0.0	0.22	-0.27	-0.38	0.42	CREG
ORA	-0.01	0.42		0.57	0.0	0.02	-0.16	-0.13	0.85	ORA
TKECF	-0.28	0.22	0.57		0.0	-0.02	0.03	0.02	0.6	TKECF
CPWR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CPWR
VGAS	-0.1	0.22	0.02	-0.02	0.0		-0.2	-0.02	0.25	VGAS
ADN	-0.19	-0.27	-0.16	0.03	0.0	-0.2		0.63	-0.25	ADN
HTOOW	-0.54	-0.38	-0.13	0.02	0.0	-0.02	0.63		-0.05	HTOOW
DNNGY	-0.2	0.42	0.85	0.6	0.0	0.25	-0.25	-0.05		DNNGY
	VGASW	CREG	ORA	TKECF	CPWR	VGAS	ADN	HTOOW	DNNGY

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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

DNNGY	+ 0.85	ORA
HTOOW	+ 0.63	ADN
DNNGY	+ 0.6	TKECF
TKECF	+ 0.57	ORA
ORA	+ 0.42	CREG
DNNGY	+ 0.42	CREG

High negative correlations

HTOOW	- 0.54	VGASW
HTOOW	- 0.38	CREG
TKECF	- 0.28	VGASW
ADN	- 0.27	CREG
DNNGY	- 0.25	ADN
ADN	- 0.2	VGAS

Risk-Adjusted Indicators

There is a big difference between Brenmiller Stock performing well and Brenmiller 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 Brenmiller 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
VGASW	7.30	0.89	0.08	0.88	7.98	(10.47)	20.69	(11.76)	50.69
CREG	3.86	0.33	0.06	0.29	4.25	(5.81)	8.70	(7.14)	41.67
ORA	1.27	0.00	0.00	(0.05)	0.00	0.00	2.68	(3.01)	7.44
TKECF	3.81	0.43	0.05	0.31	4.57	(9.34)	15.38	(10.17)	35.02
CPWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VGAS	2.54	0.02	0.02	0.00	2.93	(2.80)	5.01	(4.65)	13.28
ADN	4.69	0.03	0.01	0.02	6.12	(4.86)	14.29	(10.31)	31.69
HTOOW	13.29	1.04	0.05	0.53	17.38	(14.64)	30.92	(32.32)	77.98
DNNGY	2.03	0.02	0.02	(0.02)	3.07	(1.92)	4.31	(4.75)	14.13

Brenmiller Energy Corporate Management

Ofir Zimmerman	Chief Officer	Profile
Nir Brenmiller	COO Director	Profile
Rami Ezer	Chief Officer	Profile
Doron Brenmiller	Chief Director	Profile
Alex Chanin	Controller	Profile
Abraham Brenmiller	CEO Chairman	Profile
Orin Shefler	General Secretary	Profile

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