Brenmiller Energy Correlations

BNRG Stock

USD 0.57 0.07 14.00%

The current 90-days correlation between Brenmiller Energy and Smart Powerr Corp is 0.23 (i.e., Modest diversification). The correlation of Brenmiller Energy 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.

Brenmiller Energy Correlation With Market

Modest diversification

The correlation between Brenmiller Energy Ltd and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brenmiller Energy Ltd and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brenmiller Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brenmiller Energy Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Brenmiller Stock

0.69	ES	Eversource Energy	Pair Corr
0.64	FE	FirstEnergy	Pair Corr
0.89	SO	Southern	Pair Corr
0.84	VGAS	Verde Clean Fuels	Pair Corr
0.87	EVRG	Evergy	Pair Corr
0.82	ADN	Advent Technologies	Pair Corr
0.74	DTW	DTE Energy	Pair Corr
0.85	DUK	Duke Energy	Pair Corr
0.81	EMP	Entergy Mississippi LLC	Pair Corr
0.78	ETR	Entergy	Pair Corr
0.82	EXC	Exelon	Pair Corr
0.9	GNE	Genie Energy	Pair Corr
0.81	IDA	IDACORP	Pair Corr
0.68	LNT	Alliant Energy Corp	Pair Corr
0.62	NRG	NRG Energy	Pair Corr
0.88	OGE	OGE Energy	Pair Corr
0.66	PNW	Pinnacle West Capital	Pair Corr
0.78	PPL	PPL Corporation	Pair Corr
0.83	RNW	Renew Energy Global Downward Rally	Pair Corr
0.84	XEL	Xcel Energy	Pair Corr
0.68	GPJA	Georgia Power	Pair Corr
0.69	HTOO	Fusion Fuel Green	Pair Corr

Moving against Brenmiller Stock

0.77	EIX	Edison International	Pair Corr
0.73	KEP	Korea Electric Power	Pair Corr
0.71	PAM	Pampa Energia SA	Pair Corr
0.67	ENIC	Enel Chile SA	Pair Corr
0.64	ALE	Allete Inc	Pair Corr
0.63	EDN	Empresa Distribuidora	Pair Corr
0.61	HE	Hawaiian Electric	Pair Corr
0.5	FTS	Fortis Inc	Pair Corr
0.36	ELPC	Companhia Paranaense	Pair Corr
0.96	TXNM	TXNM Energy	Pair Corr
0.78	AQNB	Algonquin Power Utilities	Pair Corr
0.69	POR	Portland General Electric	Pair Corr
0.69	OTTR	Otter Tail	Pair Corr
0.56	EBR-B	Centrais Elétricas	Pair Corr
0.45	CNL	Collective Mining	Pair Corr
0.31	CUP-U	Caribbean Utilities	Pair Corr

Related Correlations Analysis

	HLGN	VGAS	CREG	ADN	SVRE	GCTK	HTCR	JFBR	WLDS
HLGN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HLGN
VGAS	0.0		0.14	0.6	0.81	0.69	0.86	0.68	0.58	VGAS
CREG	0.0	0.14		0.34	0.3	0.29	0.46	0.46	0.52	CREG
ADN	0.0	0.6	0.34		0.74	0.78	0.69	0.9	0.85	ADN
SVRE	0.0	0.81	0.3	0.74		0.89	0.84	0.85	0.81	SVRE
GCTK	0.0	0.69	0.29	0.78	0.89		0.78	0.9	0.86	GCTK
HTCR	0.0	0.86	0.46	0.69	0.84	0.78		0.84	0.75	HTCR
JFBR	0.0	0.68	0.46	0.9	0.85	0.9	0.84		0.94	JFBR
WLDS	0.0	0.58	0.52	0.85	0.81	0.86	0.75	0.94		WLDS
	HLGN	VGAS	CREG	ADN	SVRE	GCTK	HTCR	JFBR	WLDS

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

WLDS	+ 0.94	JFBR
JFBR	+ 0.9	ADN
JFBR	+ 0.9	GCTK
GCTK	+ 0.89	SVRE
HTCR	+ 0.86	VGAS
WLDS	+ 0.86	GCTK

High negative correlations

WLDS	- 0.0	HLGN
JFBR	- 0.0	HLGN
HTCR	- 0.0	HLGN
GCTK	- 0.0	HLGN
SVRE	- 0.0	HLGN
ADN	- 0.0	HLGN

Risk-Adjusted Indicators

There is a big difference between Brenmiller Stock performing well and Brenmiller Energy 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 Brenmiller Energy'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
HLGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VGAS	3.03	(0.70)	0.00	(0.81)	0.00	0.00	4.72	(8.24)	20.85
CREG	3.94	(0.12)	(0.01)	0.00	4.51	(4.35)	8.00	(6.99)	19.66
ADN	7.53	(2.28)	0.00	(0.48)	0.00	0.00	9.09	(12.28)	97.06
SVRE	4.67	(1.56)	0.00	(1.17)	0.00	0.00	11.63	(8.70)	64.89
GCTK	4.21	(0.94)	0.00	(0.29)	0.00	0.00	9.94	(8.64)	34.35
HTCR	4.46	(1.28)	0.00	(0.42)	0.00	0.00	9.52	(11.90)	37.69
JFBR	5.68	(2.34)	0.00	(1.21)	0.00	0.00	10.81	(14.60)	65.53
WLDS	5.49	(2.08)	0.00	(0.43)	0.00	0.00	10.53	(11.83)	53.88

Brenmiller Energy Corporate Management

Ofir Zimmerman	Chief Officer	Profile
Gilad Walker	Chief Officer	Profile
Rami Ezer	Chief Officer	Profile
Doron Brenmiller	Chief Director	Profile
Alex Chanin	Controller	Profile
Abraham Brenmiller	CEO Chairman	Profile

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