Energous Correlations

WATT Stock

USD 0.51 0.04 8.51%

The current 90-days correlation between Energous and Bonso Electronics International is 0.02 (i.e., Significant diversification). The correlation of Energous 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.

Energous Correlation With Market

Average diversification

The correlation between Energous and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energous and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Energous. 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.

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

Moving together with Energous Stock

0.65	ST	Sensata Technologies	Pair Corr
0.73	VPG	Vishay Precision	Pair Corr
0.66	LUNA	Luna Innovations	Pair Corr
0.78	ASTC	Astrotech Corp	Pair Corr
0.67	AWIN	AERWINS Technologies	Pair Corr
0.83	SOBR	Sobr Safe Trending	Pair Corr
0.83	SVRE	SaverOne 2014	Pair Corr

Moving against Energous Stock

0.84	GNSS	Genasys Earnings Call This Week	Pair Corr
0.78	ESE	ESCO Technologies	Pair Corr
0.73	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.72	ITRI	Itron Inc	Pair Corr
0.68	ELSE	Electro Sensors	Pair Corr
0.65	KEYS	Keysight Technologies	Pair Corr
0.61	BMI	Badger Meter Fiscal Year End 24th of January 2025	Pair Corr
0.59	FARO	FARO Technologies	Pair Corr
0.57	VNT	Vontier Corp	Pair Corr
0.56	FTV	Fortive Corp Sell-off Trend	Pair Corr
0.5	WELX	Winland Holdings	Pair Corr
0.5	CPTNW	Cepton Inc	Pair Corr
0.43	DYSL	Dynasil Of	Pair Corr
0.39	GRMN	Garmin	Pair Corr
0.39	MIND	Mind Technology	Pair Corr
0.85	COHR	Coherent	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.77	TRMB	Trimble	Pair Corr
0.74	R	Ryder System	Pair Corr
0.73	B	Barnes Group	Pair Corr
0.72	J	Jacobs Solutions	Pair Corr
0.7	AZ	A2Z Smart Technologies	Pair Corr
0.69	CPTN	Cepton Inc	Pair Corr
0.68	CR	Crane Company	Pair Corr
0.67	DE	Deere Company	Pair Corr

Related Correlations Analysis

	AWINW	BNSO	CPTN	SVRE	QNGYQ	MINDP	KRKNF	FCUV	NSCIF
AWINW		-0.52	0.18	-0.39	-0.32	-0.04	0.39	-0.19	-0.11	AWINW
BNSO	-0.52		-0.44	0.73	0.49	0.21	-0.76	0.4	0.5	BNSO
CPTN	0.18	-0.44		-0.69	-0.51	-0.19	0.45	-0.63	-0.52	CPTN
SVRE	-0.39	0.73	-0.69		0.45	0.29	-0.83	0.45	0.74	SVRE
QNGYQ	-0.32	0.49	-0.51	0.45		-0.46	-0.37	0.61	0.25	QNGYQ
MINDP	-0.04	0.21	-0.19	0.29	-0.46		-0.3	0.07	0.31	MINDP
KRKNF	0.39	-0.76	0.45	-0.83	-0.37	-0.3		-0.42	-0.59	KRKNF
FCUV	-0.19	0.4	-0.63	0.45	0.61	0.07	-0.42		0.23	FCUV
NSCIF	-0.11	0.5	-0.52	0.74	0.25	0.31	-0.59	0.23		NSCIF
	AWINW	BNSO	CPTN	SVRE	QNGYQ	MINDP	KRKNF	FCUV	NSCIF

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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

NSCIF	+ 0.74	SVRE
SVRE	+ 0.73	BNSO
FCUV	+ 0.61	QNGYQ
NSCIF	+ 0.5	BNSO
QNGYQ	+ 0.49	BNSO
KRKNF	+ 0.45	CPTN

High negative correlations

KRKNF	- 0.83	SVRE
KRKNF	- 0.76	BNSO
SVRE	- 0.69	CPTN
FCUV	- 0.63	CPTN
NSCIF	- 0.59	KRKNF
NSCIF	- 0.52	CPTN

Risk-Adjusted Indicators

There is a big difference between Energous Stock performing well and Energous 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 Energous' 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
AWINW	21.46	3.71	0.15	(6.65)	20.24	(29.49)	58.79	(34.21)	270.01
BNSO	8.21	0.97	0.05	(0.35)	11.31	(9.74)	18.45	(17.96)	86.38
CPTN	0.35	0.05	(0.15)	3.86	0.21	(0.56)	0.96	(0.65)	2.60
SVRE	5.08	(1.67)	0.00	34.86	0.00	0.00	8.33	(13.41)	56.09
QNGYQ	12.11	(2.05)	0.00	4.41	0.00	0.00	22.73	(32.73)	153.64
MINDP	1.76	(0.04)	0.00	0.52	0.00	0.00	3.20	(3.70)	22.57
KRKNF	3.11	0.62	0.14	2.06	3.06	(4.21)	9.65	(5.26)	24.50
FCUV	6.10	0.74	0.08	0.81	6.94	(9.28)	13.33	(12.82)	72.41
NSCIF	2.90	(0.16)	0.00	1.86	0.00	0.00	7.69	(10.71)	31.94

Energous Corporate Management

Cesar Johnston	Sr. VP of Engineering	Profile
Matt Sullivan	Investor Officer	Profile
Giampaolo Marino	Senior Development	Profile
Mallorie Burak	Chief Officer	Profile
Daniel Lawless	Senior Affairs	Profile
William Mannina	Acting Officer	Profile

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