Beam Global Correlations

BEEM Stock

USD 2.24 0.06 2.75%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beam Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Beam Global Correlation With Market

Good diversification

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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beam Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Beam Stock, please use our How to Invest in Beam Global guide.

Moving together with Beam Stock

0.92	VVPR	VivoPower International	Pair Corr
0.76	ENPH	Enphase Energy	Pair Corr
0.9	FSLR	First Solar	Pair Corr
0.92	FTCI	FTC Solar	Pair Corr
0.89	RUN	Sunrun Inc	Pair Corr
0.9	SOL	Emeren Group Earnings Call This Week	Pair Corr
0.72	ZEO	Zeo Energy Corp	Pair Corr
0.9	MAXN	Maxeon Solar Technologies Tech Boost	Pair Corr
0.91	NOVA	Sunnova Energy Inter	Pair Corr
0.88	ASTI	Ascent Solar Technol	Pair Corr
0.9	SHLS	Shoals Technologies Tech Boost	Pair Corr
0.93	SPRU	Spruce Power Holding	Pair Corr
0.89	SUNE	SUNation Energy Symbol Change	Pair Corr
0.78	CSIQ	Canadian Solar Buyout Trend	Pair Corr
0.73	CSLR	Complete Solaria, Common	Pair Corr
0.89	DIOD	Diodes Incorporated	Pair Corr
0.66	DJCO	Daily Journal Corp	Pair Corr
0.88	KN	Knowles Cor	Pair Corr

Moving against Beam Stock

0.41	NXT	Nextracker Class A	Pair Corr
0.34	SEDG	SolarEdge Technologies	Pair Corr
0.33	TURB	Turbo Energy, SA	Pair Corr
0.77	G	Genpact Limited	Pair Corr
0.76	KC	Kingsoft Cloud Holdings Earnings Call Today	Pair Corr
0.7	JG	Aurora Mobile Tech Boost	Pair Corr
0.63	FI	Fiserv,	Pair Corr
0.56	BR	Broadridge Financial	Pair Corr
0.49	BB	BlackBerry	Pair Corr
0.39	ML	MoneyLion	Pair Corr

Related Correlations Analysis

	SPWR	RUN	SOL	ISUN	NOVA	MAXN	CSIQ	FSLR	JKS	SEDG
SPWR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPWR
RUN	0.0		0.9	0.0	0.97	0.92	0.79	0.94	0.42	-0.3	RUN
SOL	0.0	0.9		0.0	0.93	0.91	0.74	0.91	0.43	-0.4	SOL
ISUN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ISUN
NOVA	0.0	0.97	0.93	0.0		0.95	0.76	0.96	0.4	-0.4	NOVA
MAXN	0.0	0.92	0.91	0.0	0.95		0.73	0.91	0.48	-0.36	MAXN
CSIQ	0.0	0.79	0.74	0.0	0.76	0.73		0.74	0.79	0.15	CSIQ
FSLR	0.0	0.94	0.91	0.0	0.96	0.91	0.74		0.38	-0.4	FSLR
JKS	0.0	0.42	0.43	0.0	0.4	0.48	0.79	0.38		0.33	JKS
SEDG	0.0	-0.3	-0.4	0.0	-0.4	-0.36	0.15	-0.4	0.33		SEDG
	SPWR	RUN	SOL	ISUN	NOVA	MAXN	CSIQ	FSLR	JKS	SEDG

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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

NOVA	+ 0.97	RUN
FSLR	+ 0.96	NOVA
MAXN	+ 0.95	NOVA
FSLR	+ 0.94	RUN
NOVA	+ 0.93	SOL
MAXN	+ 0.92	RUN

High negative correlations

SEDG	- 0.4	FSLR
SEDG	- 0.4	NOVA
SEDG	- 0.4	SOL
SEDG	- 0.36	MAXN
SEDG	- 0.3	RUN
SEDG	- 0.0	ISUN

Risk-Adjusted Indicators

There is a big difference between Beam Stock performing well and Beam Global 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 Beam Global'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
SPWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RUN	3.42	(0.61)	0.00	0.71	0.00	0.00	8.75	(8.24)	25.30
SOL	3.42	0.13	0.02	0.00	3.92	(6.04)	9.22	(5.07)	35.14
ISUN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOVA	6.43	(2.93)	0.00	9.77	0.00	0.00	10.31	(15.69)	81.08
MAXN	4.60	(0.91)	0.00	1.29	0.00	0.00	12.57	(8.45)	33.53
CSIQ	2.81	(0.11)	0.00	0.59	0.00	0.00	6.05	(4.58)	18.46
FSLR	2.34	(0.56)	0.00	1.52	0.00	0.00	4.50	(5.27)	16.35
JKS	2.83	0.06	0.04	0.55	3.31	(3.33)	6.05	(5.52)	15.82
SEDG	4.24	0.34	0.09	(0.84)	4.84	(5.09)	8.82	(7.34)	30.26

Beam Global Corporate Management

Mark Myers	Chief Officer	Profile
Sandra Peterson	Vice Marketing	Profile
Bryan Kennard	Chief Engineer	Profile
Lisa Potok	Chief Officer	Profile
Desmond Wheatley	CEO, Chairman	Profile
Katherine McDermott	Chief Officer	Profile
Ivan Tlacinac	Managing Europe	Profile

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