Solid Power Correlations

Market Correlation View for Solid Power

Solid Power has operating margin of -10.31%, ROE of -22.62%. Review World Market Map for broader portfolio context. The overview captures current portfolio composition. The portfolio view uses available data to frame composition. All figures are presented for informational review and are not prescriptive. The allocation shows a weighting toward Solid Power. The position is captured in the allocation summary. Each holding is sized according to the methodology applied to the portfolio. All figures are based on reported data and are informational in nature. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.Learn how to buy and trade Solid Stock using our step-by-step How to Buy Solid Power 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 SLND + 0.94 TGEN SPCE + 0.91 SLND SLND + 0.89 MVST TGEN + 0.88 MVST SPCE + 0.85 TGEN SPCE + 0.83 MVST

High negative correlations SLND - 0.92 CVEO SPCE - 0.9 CVEO TGEN - 0.85 CVEO CVEO - 0.8 DFLI CVEO - 0.79 MVST TG - 0.63 SPCE

Risk-Adjusted Indicators

Evaluating Solid Stock requires separating price momentum from underlying business quality relative to competitors. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Solid 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.