Complete Solaria, Correlations

CSLRW Stock

0.08 0.01 11.43%

The current 90-days correlation between Complete Solaria, and Conifer Holdings, 975 is -0.04 (i.e., Good diversification). The correlation of Complete Solaria, 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.

Complete Solaria, Correlation With Market

Significant diversification

The correlation between Complete Solaria, Warrants and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Complete Solaria, Warrants 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 Complete Solaria, Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Complete Stock

0.67	MAXN	Maxeon Solar Technologies	Pair Corr
0.8	BEEM	Beam Global	Pair Corr
0.62	CSIQ	Canadian Solar	Pair Corr
0.61	DQ	Daqo New Energy	Pair Corr

Moving against Complete Stock

0.58	SMXT	Solarmax Technology Tech Boost	Pair Corr
0.56	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.53	VVPR	VivoPower International	Pair Corr
0.51	SPRU	Spruce Power Holding	Pair Corr
0.51	TURB	Turbo Energy, SA	Pair Corr
0.54	KC	Kingsoft Cloud Holdings	Pair Corr
0.53	BB	BlackBerry	Pair Corr
0.46	AI	C3 Ai Inc	Pair Corr
0.46	BR	Broadridge Financial Earnings Call This Week	Pair Corr
0.43	GB	Global Blue Group	Pair Corr
0.42	U	Unity Software Aggressive Push	Pair Corr

Related Correlations Analysis

	SXT	LXFR	VHI	FG	SCL	CNFRZ	PLMR
SXT		0.61	0.59	0.68	0.94	-0.34	-0.13	SXT
LXFR	0.61		0.12	0.68	0.65	-0.48	0.18	LXFR
VHI	0.59	0.12		0.02	0.58	-0.04	-0.78	VHI
FG	0.68	0.68	0.02		0.68	-0.25	0.5	FG
SCL	0.94	0.65	0.58	0.68		-0.46	-0.15	SCL
CNFRZ	-0.34	-0.48	-0.04	-0.25	-0.46		-0.04	CNFRZ
PLMR	-0.13	0.18	-0.78	0.5	-0.15	-0.04		PLMR
	SXT	LXFR	VHI	FG	SCL	CNFRZ	PLMR

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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

SCL	+ 0.94	SXT
FG	+ 0.68	SXT
FG	+ 0.68	LXFR
SCL	+ 0.68	FG
SCL	+ 0.65	LXFR
LXFR	+ 0.61	SXT

High negative correlations

PLMR	- 0.78	VHI
CNFRZ	- 0.48	LXFR
CNFRZ	- 0.46	SCL
CNFRZ	- 0.34	SXT
CNFRZ	- 0.25	FG
PLMR	- 0.15	SCL

Risk-Adjusted Indicators

There is a big difference between Complete Stock performing well and Complete Solaria, 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 Complete Solaria,'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
SXT	1.11	(0.07)	0.00	(0.08)	0.00	0.00	2.14	(2.33)	10.90
LXFR	1.79	0.11	0.05	0.58	1.82	(2.16)	3.52	(3.07)	18.80
VHI	2.98	(0.59)	0.00	(0.51)	0.00	0.00	6.85	(6.22)	32.14
FG	1.77	(0.03)	0.00	(0.01)	0.00	0.00	3.72	(3.89)	23.15
SCL	1.34	(0.28)	0.00	(0.50)	0.00	0.00	2.07	(2.84)	13.51
CNFRZ	2.07	0.16	0.02	1.45	3.20	(3.59)	5.22	(8.54)	18.20
PLMR	1.50	0.15	0.07	0.60	1.70	(1.66)	3.60	(3.01)	12.30

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