Renewal Fuels Correlations

RNWF Stock

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The current 90-days correlation between Renewal Fuels and C Bond Systems is -0.08 (i.e., Good diversification). The correlation of Renewal Fuels 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.

Renewal Fuels Correlation With Market

Significant diversification

The correlation between Renewal Fuels and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Renewal Fuels and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Renewal Fuels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renewal Fuels when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Renewal Fuels - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Renewal Fuels to buy it.

Moving together with Renewal Pink Sheet

0.74	KO	Coca Cola	Pair Corr
0.7	T	ATT Inc Downward Rally	Pair Corr
0.65	IBM	International Business	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr

Moving against Renewal Pink Sheet

0.66	MRK	Merck Company Aggressive Push	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.46	PTAIY	Astra International Tbk	Pair Corr
0.46	PHJMF	PT Hanjaya Mandala	Pair Corr
0.37	PUTKY	United Tractors Tbk	Pair Corr

Related Correlations Analysis

	CBNT	LHYFF	INTK	CNEY	SQM	ALB	LIN	APD	GEVO	AMRS
CBNT		0.0	-0.16	0.18	0.24	-0.03	0.01	0.18	0.2	0.0	CBNT
LHYFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LHYFF
INTK	-0.16	0.0		-0.12	0.25	-0.03	0.11	0.16	0.1	0.0	INTK
CNEY	0.18	0.0	-0.12		-0.23	0.73	-0.45	-0.17	0.29	0.0	CNEY
SQM	0.24	0.0	0.25	-0.23		0.1	0.4	0.54	-0.11	0.0	SQM
ALB	-0.03	0.0	-0.03	0.73	0.1		-0.18	0.19	-0.11	0.0	ALB
LIN	0.01	0.0	0.11	-0.45	0.4	-0.18		0.71	-0.56	0.0	LIN
APD	0.18	0.0	0.16	-0.17	0.54	0.19	0.71		-0.36	0.0	APD
GEVO	0.2	0.0	0.1	0.29	-0.11	-0.11	-0.56	-0.36		0.0	GEVO
AMRS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AMRS
	CBNT	LHYFF	INTK	CNEY	SQM	ALB	LIN	APD	GEVO	AMRS

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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

ALB	+ 0.73	CNEY
APD	+ 0.71	LIN
APD	+ 0.54	SQM
LIN	+ 0.4	SQM
GEVO	+ 0.29	CNEY
SQM	+ 0.25	INTK

High negative correlations

GEVO	- 0.56	LIN
LIN	- 0.45	CNEY
GEVO	- 0.36	APD
SQM	- 0.23	CNEY
LIN	- 0.18	ALB
APD	- 0.17	CNEY

Risk-Adjusted Indicators

There is a big difference between Renewal Pink Sheet performing well and Renewal Fuels 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 Renewal Fuels' 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
CBNT	8.04	(0.01)	0.00	(0.13)	0.00	0.00	25.00	(14.29)	72.86
LHYFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INTK	202.86	105.20	0.94	2.49	34.54	(1,000.00)	1,000.00	(100.00)	1,100
CNEY	6.05	(0.58)	0.00	0.40	0.00	0.00	14.29	(9.68)	90.75
SQM	1.68	0.00	0.00	(0.08)	0.00	0.00	3.59	(3.91)	11.82
ALB	2.08	(0.56)	0.00	(0.88)	0.00	0.00	3.46	(5.18)	11.66
LIN	0.78	0.06	0.11	0.04	0.91	(0.85)	1.81	(1.53)	3.22
APD	1.02	(0.07)	0.00	(0.21)	0.00	0.00	2.38	(1.74)	8.35
GEVO	4.42	(0.18)	0.00	0.20	0.00	0.00	8.18	(7.77)	46.46
AMRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Renewal Fuels without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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