ClearSign Combustion Correlations
| CLIR Stock | USD 0.76 0 0.39% |
The correlation of ClearSign Combustion 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ClearSign Combustion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearSign Combustion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between ClearSign Combustion and NYA 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 ClearSign Combustion and NYA in the same portfolio, assuming nothing else is changed.
ClearSign |
The ability to find closely correlated positions to ClearSign Combustion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearSign Combustion 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 ClearSign Combustion - 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 ClearSign Combustion to buy it.
Moving together with ClearSign Stock
| 0.86 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
| 0.83 | EBON | Ebang International | PairCorr |
| 0.79 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
| 0.69 | EXTR | Extreme Networks Fiscal Year End 7th of August 2024 | PairCorr |
| 0.69 | FFIV | F5 Networks Fiscal Year End 22nd of October 2024 | PairCorr |
| 0.61 | CDW | CDW Corp | PairCorr |
Moving against ClearSign Stock
| 0.83 | SNT | Senstar Technologies | PairCorr |
| 0.82 | VRME | VerifyMe | PairCorr |
| 0.79 | FATH | Fathom Digital Manuf | PairCorr |
| 0.59 | MSI | Motorola Solutions | PairCorr |
| 0.41 | NOK | Nokia Corp ADR Potential Growth | PairCorr |
Related Correlations Analysis
| 0.68 | 0.45 | 0.28 | 0.97 | UONEK | ||
| 0.68 | 0.49 | -0.02 | 0.66 | BYFC | ||
| 0.45 | 0.49 | 0.13 | 0.29 | IPWR | ||
| 0.28 | -0.02 | 0.13 | 0.21 | CARV | ||
| 0.97 | 0.66 | 0.29 | 0.21 | UONE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ClearSign Stock performing well and ClearSign Combustion 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 ClearSign Combustion'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UONEK | 3.08 | (0.74) | 0.00 | 2.27 | 0.00 | 6.25 | 18.55 | |||
| BYFC | 2.23 | (0.53) | 0.00 | (0.51) | 0.00 | 5.26 | 13.86 | |||
| IPWR | 4.47 | 0.10 | 0.04 | 0.10 | 4.79 | 9.21 | 49.23 | |||
| CARV | 2.72 | 0.08 | 0.02 | 0.15 | 3.40 | 8.84 | 17.40 | |||
| UONE | 3.73 | (0.55) | 0.00 | 1.03 | 0.00 | 7.57 | 34.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ClearSign Combustion 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.Did you try this?
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ClearSign Combustion Corporate Management
Elected by the shareholders, the ClearSign Combustion's board of directors comprises two types of representatives: ClearSign Combustion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ClearSign. The board's role is to monitor ClearSign Combustion's management team and ensure that shareholders' interests are well served. ClearSign Combustion's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ClearSign Combustion's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Martin | Chief Officer | Profile | |
| Manuel III | Pres Limited | Profile | |
| Louis Basenese | Vice Communications | Profile | |
| Brent Hinds | Controller, Fin | Profile |
Already Invested in ClearSign Combustion?
The danger of trading ClearSign Combustion is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ClearSign Combustion is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ClearSign Combustion. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ClearSign Combustion is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ClearSign Combustion is a strong investment it is important to analyze ClearSign Combustion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ClearSign Combustion's future performance. For an informed investment choice regarding ClearSign Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ClearSign Combustion. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in ClearSign Stock, please use our How to Invest in ClearSign Combustion guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running ClearSign Combustion's price analysis, check to measure ClearSign Combustion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ClearSign Combustion is operating at the current time. Most of ClearSign Combustion's value examination focuses on studying past and present price action to predict the probability of ClearSign Combustion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ClearSign Combustion's price. Additionally, you may evaluate how the addition of ClearSign Combustion to your portfolios can decrease your overall portfolio volatility.
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Is ClearSign Combustion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ClearSign Combustion. If investors know ClearSign will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ClearSign Combustion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.13) | Revenue Per Share 0.068 | Quarterly Revenue Growth 0.233 | Return On Assets (0.41) | Return On Equity (0.75) |
The market value of ClearSign Combustion is measured differently than its book value, which is the value of ClearSign that is recorded on the company's balance sheet. Investors also form their own opinion of ClearSign Combustion's value that differs from its market value or its book value, called intrinsic value, which is ClearSign Combustion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ClearSign Combustion's market value can be influenced by many factors that don't directly affect ClearSign Combustion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ClearSign Combustion's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearSign Combustion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearSign Combustion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.