EAM Solar Correlations

EAM Stock

NOK 1.50 0.46 44.23%

The current 90-days correlation between EAM Solar ASA and Sparebank 1 SMN is -0.07 (i.e., Good diversification).When EAM Solar exhibits high correlation with a broad index, its returns are largely explained by market-wide movements rather than company-specific drivers.

EAM Solar vs Market Correlation

Very weak diversification

For the present investment horizon, the measured correlation between EAM and DJI stands at 0.51, or Very weak diversification. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.

Correlation context here can be used to compare EAM Solar with related instruments. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.

Moving against EAM Stock

0.54

OSUN

Ocean Sun As

Pair Corr

Related Correlations Analysis

	TINDE	OTL	HGSB	BWO	HELG	EIOF	MING
TINDE		-0.29	-0.25	-0.33	0.15	-0.35	-0.54	TINDE
OTL	-0.29		0.36	0.84	-0.46	0.94	0.7	OTL
HGSB	-0.25	0.36		0.51	-0.4	0.38	0.38	HGSB
BWO	-0.33	0.84	0.51		-0.63	0.84	0.73	BWO
HELG	0.15	-0.46	-0.4	-0.63		-0.56	-0.24	HELG
EIOF	-0.35	0.94	0.38	0.84	-0.56		0.77	EIOF
MING	-0.54	0.7	0.38	0.73	-0.24	0.77		MING
	TINDE	OTL	HGSB	BWO	HELG	EIOF	MING

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

EIOF	+ 0.94	OTL
BWO	+ 0.84	OTL
EIOF	+ 0.84	BWO
MING	+ 0.77	EIOF
MING	+ 0.73	BWO
MING	+ 0.7	OTL

High negative correlations

HELG	- 0.63	BWO
EIOF	- 0.56	HELG
MING	- 0.54	TINDE
HELG	- 0.46	OTL
HELG	- 0.4	HGSB
EIOF	- 0.35	TINDE

Risk-Adjusted Indicators

Surface-level performance for EAM Stock can mask how the business actually stacks up against its competitive set. Risk-adjusted metrics allow investors to compare EAM Solar's efficiency and downside exposure against peers in a more meaningful way. 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
TINDE	0.70	0.02	0.03	-0.15	1.26	-0.78	1.68	-1.54	9.14
OTL	1.22	0.39	0.35	-1.84	0.69	-1.53	3.69	-1.92	8.26
HGSB	0.98	0.08	0.08	28.67	1.14	-1.28	3.48	-2.44	9.46
BWO	1.48	0.51	0.30	2.57	1.17	-1.82	3.38	-2.43	18.24
HELG	1.12	-0.06	0.00	-0.72	0.00	0.00	2.09	-2.67	6.73
EIOF	1.42	0.27	0.19	-7.77	1.31	-1.80	3.24	-2.32	7.58
MING	0.86	0.12	0.13	0.89	0.90	-0.93	1.80	-1.54	5.13

Be your own money manager

Optimization tools can help investors judge whether capital allocated to EAM Solar ASA is being used efficiently relative to other opportunities in the same equity universe. Used correctly, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.

Did you try this?

Run ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC