LiqTech International Correlations

LIQT Stock

USD 1.45 0.03 2.03%

The current 90-days correlation between LiqTech International and Energy and Water is -0.16 (i.e., Good diversification). The correlation of LiqTech International 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.

LiqTech International Correlation With Market

Good diversification

The correlation between LiqTech International and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LiqTech International and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LiqTech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For more information on how to buy LiqTech Stock please use our How to Invest in LiqTech International guide.

Moving together with LiqTech Stock

0.81	ARQ	Arq Inc	Pair Corr
0.74	FSS	Federal Signal	Pair Corr
0.7	ZWS	Zurn Elkay Water	Pair Corr
0.79	ADUR	Aduro Clean Technologies	Pair Corr
0.66	ATMU	Atmus Filtration Tec	Pair Corr
0.75	TOMZ	TOMI Environmental Earnings Call This Week	Pair Corr
0.8	CECO	CECO Environmental Corp	Pair Corr
0.67	CHNR	China Natural Resources	Pair Corr
0.85	CLIR	ClearSign Combustion	Pair Corr
0.83	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.74	J	Jacobs Solutions	Pair Corr
0.78	BV	BrightView Holdings	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.68	CW	Curtiss Wright	Pair Corr
0.76	DY	Dycom Industries	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.83	GP	GreenPower Motor	Pair Corr

Moving against LiqTech Stock

0.66	ERII	Energy Recovery	Pair Corr
0.64	EH	Ehang Holdings	Pair Corr
0.54	DE	Deere Company	Pair Corr
0.49	G	Genpact Limited	Pair Corr
0.73	SB	Safe Bulkers	Pair Corr
0.68	PC	Premium Catering	Pair Corr
0.63	LZ	LegalZoom	Pair Corr
0.54	KC	Kingsoft Cloud Holdings	Pair Corr

Related Correlations Analysis

	CHNR	SYEV	SSHPF	EESH	EAWD	CLWT	TOMZ	CLIR	ERII	MKUL
CHNR		0.0	0.24	0.0	0.41	0.04	0.58	0.54	-0.53	0.0	CHNR
SYEV	0.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	SYEV
SSHPF	0.24	0.0		0.0	0.27	0.02	0.36	0.42	-0.36	0.0	SSHPF
EESH	0.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EESH
EAWD	0.41	0.0	0.27	0.0		0.01	0.68	0.52	-0.72	0.0	EAWD
CLWT	0.04	0.0	0.02	0.0	0.01		-0.13	0.21	-0.03	0.0	CLWT
TOMZ	0.58	0.0	0.36	0.0	0.68	-0.13		0.72	-0.62	0.0	TOMZ
CLIR	0.54	0.0	0.42	0.0	0.52	0.21	0.72		-0.66	0.0	CLIR
ERII	-0.53	0.0	-0.36	0.0	-0.72	-0.03	-0.62	-0.66		0.0	ERII
MKUL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MKUL
	CHNR	SYEV	SSHPF	EESH	EAWD	CLWT	TOMZ	CLIR	ERII	MKUL

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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

EESH	+ 1.0	SYEV
CLIR	+ 0.72	TOMZ
TOMZ	+ 0.68	EAWD
TOMZ	+ 0.58	CHNR
CLIR	+ 0.54	CHNR
CLIR	+ 0.52	EAWD

High negative correlations

ERII	- 0.72	EAWD
ERII	- 0.66	CLIR
ERII	- 0.62	TOMZ
ERII	- 0.53	CHNR
ERII	- 0.36	SSHPF
TOMZ	- 0.13	CLWT

Risk-Adjusted Indicators

There is a big difference between LiqTech Stock performing well and LiqTech International 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 LiqTech International'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
CHNR	3.72	0.14	0.03	(0.40)	4.80	(4.55)	10.00	(7.81)	31.13
SYEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSHPF	1.69	0.21	0.00	(0.16)	0.00	0.00	0.00	0.00	48.75
EESH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EAWD	11.10	(0.19)	0.00	(0.41)	0.00	0.00	21.88	(17.95)	83.33
CLWT	2.33	(0.14)	0.00	3.52	0.00	0.00	4.17	(4.80)	18.69
TOMZ	3.82	0.53	0.11	3.24	4.41	(4.73)	9.64	(6.02)	33.69
CLIR	4.57	(0.41)	0.00	28.81	0.00	0.00	10.13	(8.61)	40.44
ERII	1.58	0.10	0.05	0.09	1.98	(1.66)	3.09	(3.54)	8.47
MKUL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

LiqTech International Corporate Management

Tobias Madsen	Head Intelligence	Profile
Simon Stadil	Group Officer	Profile
Kenneth Johansen	Vice Sales	Profile
Paw Juul	Chief Officer	Profile

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