Bloom Energy Correlations
| BE Stock | USD 21.97 0.73 3.22% |
The current 90-days correlation between Bloom Energy Corp and Plug Power is 0.25 (i.e., Modest diversification). The correlation of Bloom Energy 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.
Bloom Energy Correlation With Market
Average diversification
The correlation between Bloom Energy Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bloom Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
Bloom |
Moving together with Bloom Stock
| 0.63 | NVT | nVent Electric PLC Sell-off Trend | PairCorr |
Moving against Bloom Stock
| 0.31 | PITAW | Heramba Electric plc | PairCorr |
| 0.31 | ADSEW | ADS TEC ENERGY | PairCorr |
| 0.34 | ADSE | Ads Tec Energy | PairCorr |
Related Correlations Analysis
| 0.14 | 0.38 | 0.32 | 0.86 | 0.03 | 0.46 | PLUG | ||
| 0.14 | 0.84 | 0.37 | -0.09 | 0.7 | 0.38 | MVST | ||
| 0.38 | 0.84 | 0.65 | 0.16 | 0.73 | 0.72 | SLDP | ||
| 0.32 | 0.37 | 0.65 | 0.32 | 0.54 | 0.49 | CBAT | ||
| 0.86 | -0.09 | 0.16 | 0.32 | -0.14 | 0.34 | FCEL | ||
| 0.03 | 0.7 | 0.73 | 0.54 | -0.14 | 0.35 | ENVX | ||
| 0.46 | 0.38 | 0.72 | 0.49 | 0.34 | 0.35 | FREY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bloom Stock performing well and Bloom 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 Bloom 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLUG | 4.83 | (0.16) | 0.00 | 0.22 | 0.00 | 12.88 | 30.72 | |||
| MVST | 8.56 | 2.18 | 0.25 | 1.40 | 7.34 | 30.43 | 64.20 | |||
| SLDP | 4.26 | 0.41 | 0.09 | 0.88 | 4.43 | 9.23 | 41.68 | |||
| CBAT | 2.83 | 0.04 | 0.01 | (0.10) | 3.35 | 6.25 | 30.55 | |||
| FCEL | 4.84 | (0.22) | 0.00 | (0.25) | 0.00 | 11.68 | 37.87 | |||
| ENVX | 4.03 | 0.30 | 0.05 | 0.61 | 4.96 | 11.41 | 35.83 | |||
| FREY | 4.76 | (0.28) | 0.00 | (0.23) | 0.00 | 15.00 | 30.23 |
Bloom Energy Corporate Management
| Sharelynn Moore | Executive Vice President Chief Marketing Officer | Profile | |
| Mary Bush | Independent Director | Profile | |
| James Roth | Head Policy | Profile | |
| Natalie Sunderland | Chief Officer | Profile | |
| Ramakrishna Pillai | Executive Vice President - Customer Installations Group | Profile |