ClearSign Combustion Correlations

CLIR Stock

USD 0.78 0.01 1.55%

The current 90-days correlation between ClearSign Combustion and Urban One Class is 0.11 (i.e., Average diversification). The correlation of ClearSign Combustion 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.

ClearSign Combustion Correlation With Market

Good diversification

The correlation between ClearSign Combustion and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ClearSign Combustion 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 ClearSign Combustion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in ClearSign Stock, please use our How to Invest in ClearSign Combustion guide.

Moving together with ClearSign Stock

0.73	AIRG	Airgain	Pair Corr
0.62	CLFD	Clearfield	Pair Corr
0.63	S	SentinelOne	Pair Corr
0.75	CRM	Salesforce	Pair Corr
0.87	TDC	Teradata Corp	Pair Corr
0.85	SLNH	Soluna Holdings	Pair Corr
0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.65	PBCRF	PT Bank Central	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.8	BKRKY	Bank Rakyat	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against ClearSign Stock

0.59	JG	Aurora Mobile	Pair Corr
0.53	ALTR	Altair Engineering	Pair Corr
0.52	CSCO	Cisco Systems	Pair Corr
0.51	MLGO	MicroAlgo	Pair Corr
0.5	MQ	Marqeta	Pair Corr
0.44	FTNT	Fortinet	Pair Corr
0.42	BB	BlackBerry	Pair Corr
0.41	ZS	Zscaler	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.85	T	ATT Inc Earnings Call Today	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr
0.8	MCD	McDonalds	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.68	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.67	IBM	International Business	Pair Corr
0.66	300131	ShenZhen Yitoa Intel	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.5	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.43	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	UONEK	BYFC	IPWR	CARV	UONE
UONEK		-0.06	0.81	0.88	0.73	UONEK
BYFC	-0.06		0.23	0.13	-0.21	BYFC
IPWR	0.81	0.23		0.88	0.52	IPWR
CARV	0.88	0.13	0.88		0.53	CARV
UONE	0.73	-0.21	0.52	0.53		UONE
	UONEK	BYFC	IPWR	CARV	UONE

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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

CARV	+ 0.88	UONEK
CARV	+ 0.88	IPWR
IPWR	+ 0.81	UONEK
UONE	+ 0.73	UONEK
UONE	+ 0.53	CARV
UONE	+ 0.52	IPWR

High negative correlations

UONE	- 0.21	BYFC
BYFC	- 0.06	UONEK

Risk-Adjusted Indicators

There is a big difference between ClearSign Stock performing well and ClearSign Combustion 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 ClearSign Combustion'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
UONEK	2.75	(0.49)	0.00	(1.55)	0.00	0.00	4.84	(6.59)	23.54
BYFC	2.24	0.15	0.06	0.13	2.68	(2.84)	5.27	(3.91)	20.84
IPWR	3.34	(0.22)	0.00	(0.24)	0.00	0.00	7.22	(7.43)	26.53
CARV	1.97	(0.40)	0.00	(1.93)	0.00	0.00	3.51	(4.83)	11.15
UONE	2.54	(0.22)	0.00	3.24	0.00	0.00	4.14	(4.86)	17.37

ClearSign Combustion Corporate Management

Matthew Martin	Chief Officer	Profile
Manuel III	Pres Limited	Profile
Louis Basenese	Vice Communications	Profile
Brent Hinds	Controller, Fin	Profile

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