Brenmiller Energy Correlations

BNRG
 Stock
  

USD 3.74  0.12  3.11%   

The correlation of Brenmiller Energy is a statistical measure of how it moves in relation to other equities. 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 Brenmiller Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brenmiller Energy 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.
Continue to Trending Equities.
  
The ability to find closely correlated positions to Brenmiller Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brenmiller Energy 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 Brenmiller Energy - 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 Brenmiller Energy to buy it.

Moving together with Brenmiller Energy

+0.68CEGConstellation Energy CorpPairCorr
+0.67BLNKBlink ChargingPairCorr
+0.77SBRSabine Royalty TrustPairCorr

Moving against Brenmiller Energy

-0.61FOJCYFORTUM OYJPairCorr
-0.58AOREFAmerican OverseasPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AF
CRMMSFT
MRKT
FUBER
XOMF
UBERTWTR
  
High negative correlations   
TUBER
MRKUBER
TTWTR
AT
XOMT
MRKTWTR

Brenmiller Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Brenmiller Stock performing well and Brenmiller Energy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Brenmiller Energy's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.24  0.08  0.22  2.79  0.1 (1.58)  4.00 (2.55)  15.22 
MSFT 1.31  0.01  0.00 (0.08)  0.00 (0.0109)  0.00  2.43 (2.94)  12.18 
UBER 2.91  0.46  0.13  0.26  3.06  0.11 (3.07)  5.60 (5.13)  25.11 
F 2.26  0.16  0.03  0.00  3.18  0.0272 (2.41)  5.18 (5.04)  18.47 
T 1.01 (0.37)  0.00 (0.64)  0.00 (0.23)  0.00  1.55 (2.33)  9.29 
A 1.57  0.20  0.09  0.07  1.81  0.08 (1.76)  2.87 (3.13)  11.70 
CRM 1.93 (0.08)  0.00 (0.15)  0.00 (0.05)  0.00  3.63 (3.96)  10.76 
JPM 1.32 (0.02)  0.00 (0.11)  0.00 (0.0229)  0.00  2.53 (2.88)  8.06 
MRK 0.87 (0.06)  0.00 (0.22)  0.00 (0.0019)  0.00  1.64 (1.87)  4.57 
XOM 1.74  0.04  0.00 (0.04)  0.00  0.026  0.00  3.33 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brenmiller Energy 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?

Run Transaction History Now

   

Transaction History

View history of all your transactions and understand their impact on performance
All  Next Launch Module

Invested in Brenmiller Energy?

The danger of trading Brenmiller Energy 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 Brenmiller Energy 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 Brenmiller Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Brenmiller Energy 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.
Continue to Trending Equities. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for analysis

When running Brenmiller Energy price analysis, check to measure Brenmiller Energy'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 Brenmiller Energy is operating at the current time. Most of Brenmiller Energy's value examination focuses on studying past and present price action to predict the probability of Brenmiller Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Brenmiller Energy's price. Additionally, you may evaluate how the addition of Brenmiller Energy to your portfolios can decrease your overall portfolio volatility.
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Is Brenmiller Energy'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 Brenmiller Energy. If investors know Brenmiller 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 Brenmiller Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Brenmiller Energy is measured differently than its book value, which is the value of Brenmiller that is recorded on the company's balance sheet. Investors also form their own opinion of Brenmiller Energy's value that differs from its market value or its book value, called intrinsic value, which is Brenmiller Energy'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 Brenmiller Energy's market value can be influenced by many factors that don't directly affect Brenmiller Energy'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 Brenmiller Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Brenmiller Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brenmiller Energy'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.