Plug Power Correlations

PLUG Stock

USD 2.75 0.06 2.23%

The correlation of Plug Power 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.

Plug Power Correlation With Market

Weak diversification

The correlation between Plug Power and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plug Power and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Plug Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plug Power. 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 Plug Stock please use our How to Invest in Plug Power guide.

Moving together with Plug Stock

0.64	002600	Lingyi iTech Guangdong	Pair Corr
0.69	601311	Camel Group	Pair Corr
0.77	BBL	Bharat Bijlee Limited Earnings Call This Week	Pair Corr
0.86	300750	Contemporary Amperex	Pair Corr
0.61	300820	Sichuan Injet Electric	Pair Corr
0.69	ELVA	Electrovaya Common Shares	Pair Corr
0.81	ENVX	Enovix Corp Earnings Call This Week	Pair Corr
0.92	EOSE	Eos Energy Enterprises Earnings Call This Week	Pair Corr

Moving against Plug Stock

0.72	GENUSPOWER	Genus Power Infrastr	Pair Corr
0.65	300936	Changzhou Zhongying	Pair Corr
0.64	FINCABLES	Finolex Cables	Pair Corr
0.51	PN	Skycorp Solar Group	Pair Corr
0.82	RAMRAT	Ram Ratna Wires	Pair Corr
0.75	603700	Ningbo Water Meter	Pair Corr
0.62	002724	Oceans King Lighting	Pair Corr
0.61	EXRO	Exro Technologies	Pair Corr
0.41	ELPW	Elong Power Holding	Pair Corr
0.52	HONAUT	Honeywell Automation Earnings Call Tomorrow	Pair Corr
0.33	605277	Xinya Electronic	Pair Corr
0.32	300407	Tianjin Keyvia Electric	Pair Corr

Related Correlations Analysis

	DPRO	SDST	NEOV	MPU	SCWO	TISI	PPSI	IPWR	VATE	ADSE
DPRO		0.52	0.45	-0.65	0.73	-0.8	0.67	0.3	-0.34	-0.11	DPRO
SDST	0.52		-0.11	-0.05	0.31	-0.56	0.12	-0.03	-0.01	0.19	SDST
NEOV	0.45	-0.11		-0.15	0.3	-0.38	0.32	-0.03	-0.48	-0.31	NEOV
MPU	-0.65	-0.05	-0.15		-0.66	0.46	-0.91	-0.76	0.23	0.46	MPU
SCWO	0.73	0.31	0.3	-0.66		-0.51	0.65	0.32	-0.22	-0.32	SCWO
TISI	-0.8	-0.56	-0.38	0.46	-0.51		-0.48	-0.21	0.2	0.18	TISI
PPSI	0.67	0.12	0.32	-0.91	0.65	-0.48		0.71	-0.31	-0.51	PPSI
IPWR	0.3	-0.03	-0.03	-0.76	0.32	-0.21	0.71		0.08	-0.4	IPWR
VATE	-0.34	-0.01	-0.48	0.23	-0.22	0.2	-0.31	0.08		-0.01	VATE
ADSE	-0.11	0.19	-0.31	0.46	-0.32	0.18	-0.51	-0.4	-0.01		ADSE
	DPRO	SDST	NEOV	MPU	SCWO	TISI	PPSI	IPWR	VATE	ADSE

Please upgrade your account to get full access to Macroaxis premium features

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

SCWO	+ 0.73	DPRO
IPWR	+ 0.71	PPSI
PPSI	+ 0.67	DPRO
PPSI	+ 0.65	SCWO
SDST	+ 0.52	DPRO
TISI	+ 0.46	MPU

High negative correlations

PPSI	- 0.91	MPU
TISI	- 0.8	DPRO
IPWR	- 0.76	MPU
SCWO	- 0.66	MPU
MPU	- 0.65	DPRO
TISI	- 0.56	SDST

Risk-Adjusted Indicators

There is a big difference between Plug Stock performing well and Plug Power 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 Plug Power'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
DPRO	6.16	0.90	0.18	0.41	5.69	(7.17)	14.65	(9.15)	34.84
SDST	5.51	(0.12)	0.03	0.08	5.71	(8.22)	14.73	(11.39)	51.90
NEOV	4.63	(0.12)	(0.02)	0.02	6.03	(4.81)	9.18	(10.40)	29.56
MPU	6.08	(1.96)	0.00	(0.34)	0.00	0.00	11.95	(14.14)	40.66
SCWO	7.75	2.01	0.23	(1.82)	6.29	(12.55)	15.79	(12.50)	111.58
TISI	2.69	(0.18)	0.00	(0.02)	0.00	0.00	6.77	(4.46)	25.43
PPSI	3.44	0.70	0.20	0.58	3.12	(4.48)	8.10	(4.78)	53.43
IPWR	3.42	0.22	0.08	0.25	3.28	(4.29)	6.99	(5.71)	44.92
VATE	3.76	0.00	0.00	0.12	5.45	(3.67)	7.46	(7.66)	27.36
ADSE	2.96	(0.20)	0.00	(0.26)	0.00	0.00	7.16	(7.60)	19.79

Plug Power Corporate Management

Keith Schmid	Executive Projects	Profile
Tammy Kimble	Vice Resources	Profile
Meryl Fritz	Manager Communications	Profile
Dean Fullerton	Chief Officer	Profile

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

2025 Macroaxis LLC