Flux Power Correlations

FLUX Stock

USD 1.43 0.10 6.54%

The current 90-days correlation between Flux Power Holdings and Espey Mfg Electronics is -0.2 (i.e., Good diversification). The correlation of Flux Power 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.

Flux Power Correlation With Market

Average diversification

The correlation between Flux Power Holdings and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flux Power Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flux Power Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Flux Stock

0.63

NXU

Nxu Inc

Pair Corr

Moving against Flux Stock

0.42	EOSE	Eos Energy Enterprises Earnings Call This Week	Pair Corr
0.45	GAUZ	Gauzy Ordinary	Pair Corr
0.34	AEIS	Advanced Energy Indu	Pair Corr

Related Correlations Analysis

	ESP	NEOVW	KE	HAYW	ADSE	HOLI	ENR	NEOV	NVNXF
ESP		0.29	0.22	0.49	-0.05	0.0	0.53	0.48	0.41	ESP
NEOVW	0.29		0.34	0.65	-0.52	0.0	0.7	0.84	0.65	NEOVW
KE	0.22	0.34		0.53	-0.19	0.0	0.55	0.43	0.22	KE
HAYW	0.49	0.65	0.53		-0.57	0.0	0.85	0.69	0.46	HAYW
ADSE	-0.05	-0.52	-0.19	-0.57		0.0	-0.53	-0.42	-0.3	ADSE
HOLI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HOLI
ENR	0.53	0.7	0.55	0.85	-0.53	0.0		0.77	0.7	ENR
NEOV	0.48	0.84	0.43	0.69	-0.42	0.0	0.77		0.79	NEOV
NVNXF	0.41	0.65	0.22	0.46	-0.3	0.0	0.7	0.79		NVNXF
	ESP	NEOVW	KE	HAYW	ADSE	HOLI	ENR	NEOV	NVNXF

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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

ENR	+ 0.85	HAYW
NEOV	+ 0.84	NEOVW
NVNXF	+ 0.79	NEOV
NEOV	+ 0.77	ENR
ENR	+ 0.7	NEOVW
NVNXF	+ 0.7	ENR

High negative correlations

ADSE	- 0.57	HAYW
ENR	- 0.53	ADSE
ADSE	- 0.52	NEOVW
NEOV	- 0.42	ADSE
NVNXF	- 0.3	ADSE
ADSE	- 0.19	KE

Risk-Adjusted Indicators

There is a big difference between Flux Stock performing well and Flux Power 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 Flux Power'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
ESP	1.80	(0.20)	0.00	(0.37)	0.00	0.00	3.77	(3.67)	15.86
NEOVW	9.57	(0.22)	0.00	0.20	0.00	0.00	20.16	(23.33)	56.57
KE	1.36	(0.05)	0.00	(0.08)	0.00	0.00	2.21	(3.28)	7.44
HAYW	1.16	(0.20)	0.00	(0.23)	0.00	0.00	2.46	(3.61)	8.16
ADSE	1.26	0.13	0.06	1.65	1.89	(1.38)	3.16	(3.35)	11.01
HOLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENR	0.99	(0.33)	0.00	(0.54)	0.00	0.00	2.12	(2.76)	6.61
NEOV	4.41	(0.54)	0.00	(0.87)	0.00	0.00	6.77	(10.09)	29.85
NVNXF	4.20	(0.66)	0.00	0.71	0.00	0.00	11.63	(9.09)	28.72

Flux Power Corporate Management

Paulus Geantil	Chief Officer	Profile
Kelly Frey	Chief Officer	Profile
Tod Kilgore	Chief Officer	Profile
Justin Forbes	Director Devel	Profile

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