Correlation Between Maxeon Solar and Zeo Energy
Can any of the company-specific risk be diversified away by investing in both Maxeon Solar and Zeo Energy at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Maxeon Solar and Zeo Energy into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Maxeon Solar Technologies and Zeo Energy Corp, you can compare the effects of market volatilities on Maxeon Solar and Zeo Energy and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Maxeon Solar with a short position of Zeo Energy. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maxeon Solar and Zeo Energy.
Diversification Opportunities for Maxeon Solar and Zeo Energy
0.18 | Correlation Coefficient |
Average diversification
The 3 months correlation between Maxeon and Zeo is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Maxeon Solar Technologies and Zeo Energy Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Zeo Energy Corp and Maxeon Solar is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Maxeon Solar Technologies are associated (or correlated) with Zeo Energy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Zeo Energy Corp has no effect on the direction of Maxeon Solar i.e., Maxeon Solar and Zeo Energy go up and down completely randomly.
Pair Corralation between Maxeon Solar and Zeo Energy
Given the investment horizon of 90 days Maxeon Solar Technologies is expected to generate 0.56 times more return on investment than Zeo Energy. However, Maxeon Solar Technologies is 1.77 times less risky than Zeo Energy. It trades about -0.04 of its potential returns per unit of risk. Zeo Energy Corp is currently generating about -0.05 per unit of risk. If you would invest 399.00 in Maxeon Solar Technologies on August 15, 2025 and sell it today you would lose (57.00) from holding Maxeon Solar Technologies or give up 14.29% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Maxeon Solar Technologies vs. Zeo Energy Corp
Performance |
| Timeline |
| Maxeon Solar Technologies |
| Zeo Energy Corp |
Maxeon Solar and Zeo Energy Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Maxeon Solar and Zeo Energy
The main advantage of trading using opposite Maxeon Solar and Zeo Energy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maxeon Solar position performs unexpectedly, Zeo Energy can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zeo Energy will offset losses from the drop in Zeo Energy's long position.| Maxeon Solar vs. Beam Global | Maxeon Solar vs. Spruce Power Holding | Maxeon Solar vs. VivoPower International PLC | Maxeon Solar vs. Solarmax Technology Common |
| Zeo Energy vs. Emeren Group | Zeo Energy vs. Martin Midstream Partners | Zeo Energy vs. Empire Petroleum Corp | Zeo Energy vs. Leishen Energy Holding |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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