SUNation Energy Correlations

SUNation Energy Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock 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 GCI + 0.83 DLX DEI + 0.74 POCI HPP + 0.66 DEI HPP + 0.6 POCI HPP + 0.45 DLX POCI + 0.42 DLX

High negative correlations HPP - 0.79 PSO DEI - 0.65 PSO POCI - 0.57 PSO SLG - 0.54 GCI DLX - 0.48 PSO SLG - 0.45 DLX

Risk-Adjusted Indicators

There is a big difference between SUNation Stock performing well and SUNation Energy 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 SUNation Energy'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.