Emeren Correlations

SOL Stock

USD 1.86 0.04 2.20%

The current 90-days correlation between Emeren Group and Complete Solaria, is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Emeren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emeren Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Emeren Correlation With Market

Significant diversification

The correlation between Emeren Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emeren Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emeren Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Emeren Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Emeren Stock

0.62

DREDGECORP

Dredgingof India

Pair Corr

Moving against Emeren Stock

0.35	ACM	Aecom Technology	Pair Corr
0.34	600769	Wuhan Xianglong Power	Pair Corr
0.33	002551	Shenzhen Glory Medical	Pair Corr
0.32	002051	China Camc Engineering	Pair Corr
0.31	ECG	Everus Construction	Pair Corr
0.31	EME	EMCOR Group	Pair Corr

Related Correlations Analysis

	JKS	SPWR	SUNWQ	CSIQ	DQ	FSLR
JKS		0.31	0.0	0.32	0.83	0.51	JKS
SPWR	0.31		0.0	0.75	0.32	0.33	SPWR
SUNWQ	0.0	0.0		0.0	0.0	0.0	SUNWQ
CSIQ	0.32	0.75	0.0		0.37	0.48	CSIQ
DQ	0.83	0.32	0.0	0.37		0.67	DQ
FSLR	0.51	0.33	0.0	0.48	0.67		FSLR
	JKS	SPWR	SUNWQ	CSIQ	DQ	FSLR

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

DQ	+ 0.83	JKS
CSIQ	+ 0.75	SPWR
FSLR	+ 0.67	DQ
FSLR	+ 0.51	JKS
FSLR	+ 0.48	CSIQ
DQ	+ 0.37	CSIQ

High negative correlations

FSLR	- 0.0	SUNWQ
DQ	- 0.0	SUNWQ
CSIQ	- 0.0	SUNWQ
SUNWQ	- 0.0	SPWR
SUNWQ	- 0.0	JKS

Risk-Adjusted Indicators

There is a big difference between Emeren Stock performing well and Emeren 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 Emeren'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
JKS	2.32	(0.04)	(0.02)	0.00	2.77	(2.95)	5.76	(4.74)	16.88
SPWR	3.13	(0.04)	0.01	0.04	3.75	(3.55)	8.19	(5.46)	20.60
SUNWQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSIQ	3.82	0.30	0.07	0.23	4.92	(4.74)	10.78	(8.03)	31.25
DQ	3.71	0.48	0.11	1.01	3.82	(4.64)	8.87	(6.71)	31.33
FSLR	2.06	0.52	0.23	1.66	1.69	(2.55)	5.35	(2.97)	18.05

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