FTC Solar Correlations

FTCI Stock

USD 11.41 0.09 0.78%

The current 90-days correlation between FTC Solar and Complete Solaria is 0.07 (i.e., Significant 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

Very poor diversification

The correlation between FTC Solar and DJI is 0.81 (i.e., Very poor 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 unemployment.

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

0.7	TXN	Texas Instruments Earnings Call This Week	Pair Corr
0.72	KLAC	KLA Tencor	Pair Corr
0.78	LRCX	Lam Research Corp Earnings Call This Week	Pair Corr
0.74	AMAT	Applied Materials	Pair Corr
0.69	USAS	Americas Silver Corp Trending	Pair Corr
0.73	AEM	Agnico Eagle Mines	Pair Corr
0.7	KEYS	Keysight Technologies	Pair Corr
0.69	KMFG	KMFG	Pair Corr
0.77	KGC	Kinross Gold Aggressive Push	Pair Corr
0.65	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.67	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against FTC Stock

0.84	ORGN	Origin Materials	Pair Corr
0.8	ARM	Arm Holdings plc Tech Boost	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.51	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SPWR	TYGO	ZEO	SOL	MMLP	DLNG	EP	BEEM	MAXN
SPWR		0.66	0.15	0.38	0.3	0.34	0.39	0.68	0.16	SPWR
TYGO	0.66		0.16	0.51	0.38	0.21	0.29	0.46	-0.01	TYGO
ZEO	0.15	0.16		0.62	-0.11	-0.79	0.28	0.47	0.5	ZEO
SOL	0.38	0.51	0.62		-0.4	-0.31	0.3	0.5	0.25	SOL
MMLP	0.3	0.38	-0.11	-0.4		0.05	-0.12	0.28	-0.3	MMLP
DLNG	0.34	0.21	-0.79	-0.31	0.05		-0.07	-0.07	-0.46	DLNG
EP	0.39	0.29	0.28	0.3	-0.12	-0.07		0.45	0.29	EP
BEEM	0.68	0.46	0.47	0.5	0.28	-0.07	0.45		0.32	BEEM
MAXN	0.16	-0.01	0.5	0.25	-0.3	-0.46	0.29	0.32		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

BEEM	+ 0.68	SPWR
TYGO	+ 0.66	SPWR
SOL	+ 0.62	ZEO
SOL	+ 0.51	TYGO
MAXN	+ 0.5	ZEO
BEEM	+ 0.5	SOL

High negative correlations

DLNG	- 0.79	ZEO
MAXN	- 0.46	DLNG
MMLP	- 0.4	SOL
DLNG	- 0.31	SOL
MAXN	- 0.3	MMLP
EP	- 0.12	MMLP

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	3.47	0.13	0.06	0.12	3.92	(3.91)	8.28	(6.98)	22.96
TYGO	4.98	0.72	0.14	0.89	4.42	(6.86)	14.19	(8.95)	32.25
ZEO	4.30	(1.05)	0.00	(0.46)	0.00	0.00	7.56	(8.72)	24.78
SOL	0.99	0.16	0.08	(1.09)	0.74	(1.49)	2.86	(1.60)	5.07
MMLP	2.43	0.22	0.05	8.09	2.73	(3.08)	6.23	(4.27)	19.56
DLNG	1.21	0.22	0.11	(4.64)	1.14	(1.60)	2.41	(2.30)	9.74
EP	3.65	(0.10)	0.00	(0.14)	0.00	0.00	9.18	(7.74)	20.26
BEEM	3.82	(0.81)	0.00	(0.34)	0.00	0.00	7.74	(7.61)	19.76
MAXN	3.05	(0.43)	0.00	(0.08)	0.00	0.00	7.76	(6.48)	19.03

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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