Centor Energy Correlations

Stocks . USA . 
Stock . Centor Energy
CNTO Stock  USD 0.00001  0.00  0.00%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centor Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Centor Stock, please use our How to Invest in Centor Energy guide.

Related Correlations Analysis

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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   
GRCMF
+ 0.7
GTAGF
REMRF
+ 0.67
AABB
HNCKF
+ 0.65
GTAGF
REMRF
+ 0.63
GTAGF
REMRF
+ 0.5
HNCKF
REMRF
+ 0.45
GRCMF
  
High negative correlations   
NAK
- 0.67
GTAGF
GRCMF
- 0.63
NAK
NAK
- 0.59
HNCKF
ADBRF
- 0.57
REMRF
ADBRF
- 0.54
AABB
ADBRF
- 0.49
GTAGF

Risk-Adjusted Indicators

There is a big difference between Centor Stock performing well and Centor 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 Centor 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TLGRF  6.39  0.58  0.07  6.55  6.68 
(8.40)
 11.54 
(13.33)
 59.52 
GGIFF  15.44  4.11  0.10  2.24  15.81 
(40.58)
 50.00 
(40.00)
 210.00 
GTAGF  6.54 (0.53) 0.00 (0.78) 0.00 
 0.00 
 11.11 
(14.29)
 47.40 
HNCKF  2.99 (0.02)(0.01)(0.02) 3.30 
(5.48)
 5.56 
(5.26)
 11.44 
NAK  4.40  1.08  0.24 (44.49) 3.31 
(6.89)
 10.20 
(6.15)
 33.61 
AABB  4.07  0.00  0.00  0.03  3.87 
(6.42)
 12.29 
(6.42)
 24.84 
TRKUF  5.71  1.21  0.00 (0.20) 0.00 
 0.00 
 13.70 
(15.91)
 122.12 
GRCMF  4.40 (0.01) 0.00  0.16  0.00 
 0.00 
 15.85 
(15.00)
 39.46 
REMRF  1.89 (0.11) 0.00 (0.52) 0.00 
 0.00 
 4.55 
(4.35)
 16.75 
ADBRF  3.93  0.54  0.11 (9.27) 3.55 
(6.18)
 11.11 
(7.53)
 36.29 

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