Array Technologies Correlations
| ARRY Stock | USD 5.69 0.01 0.18% |
The current 90-days correlation between Array Technologies and SolarEdge Technologies is 0.38 (i.e., Weak diversification). The correlation of Array Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Array Technologies Correlation With Market
Good diversification
The correlation between Array Technologies and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Array Technologies and DJI in the same portfolio, assuming nothing else is changed.
Array |
Moving together with Array Stock
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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
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Risk-Adjusted Indicators
There is a big difference between Array Stock performing well and Array Technologies 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 Array Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | 4.59 | 0.57 | 0.12 | 1.03 | 4.90 | 11.74 | 31.42 | |||
| ENPH | 2.62 | (0.20) | 0.00 | (0.56) | 0.00 | 5.41 | 16.37 | |||
| CSIQ | 2.95 | (0.30) | 0.00 | (3.00) | 0.00 | 6.88 | 18.46 | |||
| RUN | 3.44 | (0.47) | 0.00 | (0.48) | 0.00 | 8.75 | 25.30 | |||
| SPWR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FSLR | 2.39 | (0.58) | 0.00 | (2.59) | 0.00 | 4.50 | 16.35 | |||
| NOVA | 7.32 | (2.30) | 0.00 | (1.26) | 0.00 | 15.15 | 81.08 | |||
| JKS | 2.83 | (0.27) | 0.00 | 22.49 | 0.00 | 6.05 | 15.82 | |||
| NXT | 2.45 | 0.38 | 0.18 | (123.28) | 2.12 | 7.22 | 17.41 |
Array Technologies Corporate Management
| Kevin Hostetler | CEO Director | Profile | |
| Aaron Gabelnick | Chief Officer | Profile | |
| Gina JD | Chief Secretary | Profile | |
| Erica Brinker | Social Environmental | Profile | |
| Thierry MarinMartinod | Chief Officer | Profile | |
| Neil Manning | Chief Officer | Profile |