FTC Solar Correlations

FTCI Stock

USD 7.38 0.89 10.76%

The current 90-days correlation between FTC Solar and Complete Solaria, is 0.34 (i.e., Weak diversification). The correlation of FTC Solar 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.

FTC Solar Correlation With Market

Average diversification

The correlation between FTC Solar and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTC Solar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FTC Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FTC Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more detail on how to invest in FTC Stock please use our How to Invest in FTC Solar guide.

Moving together with FTC Stock

0.82	ARM	Arm Holdings plc	Pair Corr
0.89	INTC	Intel	Pair Corr
0.83	KLAC	KLA Tencor	Pair Corr
0.85	LEDS	SemiLEDS	Pair Corr
0.87	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.8	QCOM	Qualcomm Incorporated	Pair Corr
0.78	AMAT	Applied Materials Earnings Call This Week	Pair Corr
0.82	PBMRF	PT Bumi Resources	Pair Corr
0.66	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.77	BK	Bank of New York	Pair Corr
0.84	PATH	Uipath Inc	Pair Corr
0.85	UEC	Uranium Energy Corp Sell-off Trend	Pair Corr
0.7	PLG	Platinum Group Metals	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call Today	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.86	IBM	International Business	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against FTC Stock

0.71	TXN	Texas Instruments	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr
0.71	T	ATT Inc	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.34	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	SPWR	TYGO	ZEO	SOL	MMLP	DLNG	EP	BEEM	MAXN
SPWR		0.72	-0.01	-0.14	-0.5	-0.44	-0.43	0.49	-0.41	SPWR
TYGO	0.72		-0.48	-0.11	-0.66	-0.29	-0.62	0.6	-0.65	TYGO
ZEO	-0.01	-0.48		-0.18	0.18	-0.44	0.22	-0.33	0.19	ZEO
SOL	-0.14	-0.11	-0.18		0.18	0.3	0.13	-0.34	0.26	SOL
MMLP	-0.5	-0.66	0.18	0.18		0.12	0.89	-0.1	0.55	MMLP
DLNG	-0.44	-0.29	-0.44	0.3	0.12		0.13	-0.34	0.34	DLNG
EP	-0.43	-0.62	0.22	0.13	0.89	0.13		-0.15	0.54	EP
BEEM	0.49	0.6	-0.33	-0.34	-0.1	-0.34	-0.15		-0.27	BEEM
MAXN	-0.41	-0.65	0.19	0.26	0.55	0.34	0.54	-0.27		MAXN
	SPWR	TYGO	ZEO	SOL	MMLP	DLNG	EP	BEEM	MAXN

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

EP	+ 0.89	MMLP
TYGO	+ 0.72	SPWR
BEEM	+ 0.6	TYGO
MAXN	+ 0.55	MMLP
MAXN	+ 0.54	EP
BEEM	+ 0.49	SPWR

High negative correlations

MMLP	- 0.66	TYGO
MAXN	- 0.65	TYGO
EP	- 0.62	TYGO
MMLP	- 0.5	SPWR
ZEO	- 0.48	TYGO
DLNG	- 0.44	ZEO

Risk-Adjusted Indicators

There is a big difference between FTC Stock performing well and FTC Solar 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 FTC Solar'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
SPWR	3.99	(0.04)	0.04	0.08	4.08	(4.98)	11.11	(7.43)	27.05
TYGO	3.75	0.87	0.20	0.62	4.05	(4.36)	8.29	(5.81)	25.49
ZEO	5.13	(0.97)	0.00	(0.16)	0.00	0.00	9.23	(9.69)	43.61
SOL	0.80	0.03	(0.06)	0.53	0.72	(1.20)	2.20	(1.09)	4.33
MMLP	2.34	(0.33)	0.00	(0.15)	0.00	0.00	5.54	(4.09)	24.43
DLNG	1.08	(0.01)	(0.07)	(0.12)	1.31	(1.20)	1.98	(2.35)	6.08
EP	3.93	(0.73)	0.00	(0.10)	0.00	0.00	7.13	(9.11)	27.62
BEEM	4.60	0.04	0.02	0.11	5.08	(5.26)	10.65	(8.13)	33.58
MAXN	3.37	(0.36)	0.00	(0.09)	0.00	0.00	7.27	(6.30)	17.31

FTC Solar Corporate Management

Kristian Nolde	Vice Strategy	Profile
Bill Michalek	Vice Communications	Profile
Phelps Morris	Chief Officer	Profile
Jacob Esq	General Secretary	Profile
Cathy CPA	Chief Officer	Profile
Giselle Phan	Chief Officer	Profile
Nagendra Cherukupalli	Chief Officer	Profile

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