FTC Solar Correlations

FTC Solar Correlation With Market

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

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 SHLS + 0.92 NXT FLNC + 0.82 MAXN ARRY + 0.75 NXT SHYF + 0.75 FLNC SHYF + 0.74 MAXN ARRY + 0.65 SHLS

High negative correlations FLNC - 0.27 AVAH AVAH - 0.19 SHLS FLNC - 0.17 ARRY AVAH - 0.16 MAXN SHYF - 0.13 ARRY AVAH - 0.07 NXT

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.