Solid Power Correlations

SLDP Stock

USD 3.20 0.01 0.31%

The current 90-days correlation between Solid Power and Evolv Technologies Holdings is 0.29 (i.e., Modest diversification).The correlation of Solid Power is a statistical measure of how it moves in relation to other instruments. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.

Correlation With Market: Solid Power

Weak diversification

For the present investment horizon, the measured correlation between SLDP and DJI stands at 0.33, or Weak diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build portfolio with Solid Stock

Solid Power has a market cap of 705.85 M, operating margin of -10.31%, ROE of -22.62%. See World Market Map for portfolio-level analysis. This suggests a position in Solid Power within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

For more information on how to buy Solid Stock please use our How to Buy Solid Stock guide.

Moving together with Solid Stock

0.73	INRN	Interroll Holding	Pair Corr
0.81	AZ	A2Z Smart Technologies Upward Rally	Pair Corr
0.9	EVEX	Eve Holding Earnings Call Today	Pair Corr
0.75	ENW	EnWave	Pair Corr
0.76	PNR	Pentair PLC	Pair Corr
0.76	PRV	Porvair plc	Pair Corr

Moving against Solid Stock

0.87	RFG	Roebuck Food Group	Pair Corr
0.79	ESE	ESCO Technologies	Pair Corr
0.77	GRC	Gorman Rupp	Pair Corr
0.71	CE3	Chongqing Machinery	Pair Corr
0.69	MWA	Mueller Water Products	Pair Corr
0.68	ITW	Illinois Tool Works	Pair Corr
0.61	ITT	ITT Inc Sell-off Trend	Pair Corr
0.58	GGG	Graco Inc	Pair Corr
0.56	HZ8	Insteel Industries	Pair Corr
0.51	FLS	Flowserve	Pair Corr
0.5	BRM	BioRem Inc	Pair Corr
0.49	PH	Parker Hannifin	Pair Corr
0.49	IEX	IDEX	Pair Corr
0.47	ATS	ATS Corporation	Pair Corr
0.45	HY	Hyster Yale Materials	Pair Corr
0.42	KAI	Kadant Inc	Pair Corr
0.4	IR	Ingersoll Rand	Pair Corr
0.4	EAAS	Eenergy Group PLC	Pair Corr
0.83	9ZJ	QLEANAIR AB SK	Pair Corr
0.76	CTEK	CLEANTEK Industries	Pair Corr
0.73	WWD	Woodward	Pair Corr
0.66	BUCN	Bucher Industries	Pair Corr
0.65	DRX	ADF Group	Pair Corr
0.64	WTS	Watts Water Technologies	Pair Corr
0.64	AALB	Aalberts Industries	Pair Corr
0.62	SFSN	SFS Group AG	Pair Corr

Related Correlations Analysis

	EVLV	PLPC	EOSE	ALGT	EVEX	PRG	RDW	GSL	BLDP	RHLD
EVLV		-0.76	0.64	-0.35	0.91	-0.56	-0.02	-0.83	0.83	0.67	EVLV
PLPC	-0.76		-0.24	0.59	-0.7	0.54	0.31	0.66	-0.67	-0.42	PLPC
EOSE	0.64	-0.24		0.02	0.78	-0.05	0.37	-0.65	0.64	0.76	EOSE
ALGT	-0.35	0.59	0.02		-0.36	0.73	-0.06	0.27	-0.53	0.14	ALGT
EVEX	0.91	-0.7	0.78	-0.36		-0.43	0.08	-0.82	0.85	0.75	EVEX
PRG	-0.56	0.54	-0.05	0.73	-0.43		0.05	0.53	-0.61	0.05	PRG
RDW	-0.02	0.31	0.37	-0.06	0.08	0.05		0.15	0.15	0.02	RDW
GSL	-0.83	0.66	-0.65	0.27	-0.82	0.53	0.15		-0.74	-0.59	GSL
BLDP	0.83	-0.67	0.64	-0.53	0.85	-0.61	0.15	-0.74		0.45	BLDP
RHLD	0.67	-0.42	0.76	0.14	0.75	0.05	0.02	-0.59	0.45		RHLD
	EVLV	PLPC	EOSE	ALGT	EVEX	PRG	RDW	GSL	BLDP	RHLD

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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

EVEX	+ 0.91	EVLV
BLDP	+ 0.85	EVEX
BLDP	+ 0.83	EVLV
EVEX	+ 0.78	EOSE
RHLD	+ 0.76	EOSE
RHLD	+ 0.75	EVEX

High negative correlations

GSL	- 0.83	EVLV
GSL	- 0.82	EVEX
PLPC	- 0.76	EVLV
BLDP	- 0.74	GSL
EVEX	- 0.7	PLPC
BLDP	- 0.67	PLPC

Risk-Adjusted Indicators

Evaluating Solid Stock requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
EVLV	2.64	-0.27	0.00	-0.27	0.00	0.00	5.15	-6.06	21.35
PLPC	2.45	0.23	0.06	0.08	3.05	-2.41	4.31	-5.33	14.23
EOSE	5.49	-0.98	0.00	-0.34	0.00	0.00	11.13	-9.73	52.62
ALGT	2.66	0.13	0.02	0.00	3.26	-2.95	5.41	-5.50	24.10
EVEX	2.53	-0.82	0.00	-0.44	0.00	0.00	4.95	-6.70	20.79
PRG	1.91	-0.02	0.00	-0.06	0.00	0.00	3.99	-4.39	18.75
RDW	6.48	0.90	0.12	0.24	6.26	-7.44	14.09	-10.92	41.99
GSL	1.36	0.11	0.08	1.42	1.72	-1.33	2.60	-3.23	7.31
BLDP	2.55	0.06	0.01	0.00	3.12	-2.91	5.91	-5.38	14.07
RHLD	4.16	-0.26	0.00	-0.15	0.00	0.00	8.69	-9.22	35.10

Solid Power Corporate Management

David Jansen	Pres Chairman	Profile
Berislav Blizanac	Executive Technologies	Profile
Jennifer Almquist	Investor Relations	Profile
Derek Johnson	Chief Officer	Profile
Ramelle Gilliland	Executive Management	Profile
Lauren McCabe	Executive Operations	Profile

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