Eos Energy Correlations

EOSE Stock

USD 4.24 0.11 2.53%

The current 90-days correlation between Eos Energy Enterprises and Solid Power is 0.48 (i.e., Very weak diversification). The correlation of Eos 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.

Eos Energy Correlation With Market

Very weak diversification

The correlation between Eos Energy Enterprises and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eos Energy Enterprises and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eos Energy Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Eos Stock

0.61	ELPW	Elong Power Holding	Pair Corr
0.84	ENVX	Enovix Corp	Pair Corr
0.71	AYI	Acuity Brands Earnings Call This Week	Pair Corr
0.68	ESP	Espey Mfg Electronics	Pair Corr
0.76	GWH	ESS Tech	Pair Corr
0.62	GAUZ	Gauzy Ordinary	Pair Corr
0.69	VRT	Vertiv Holdings	Pair Corr
0.93	EOSEW	Eos Energy Enterprises	Pair Corr
0.65	HUBB	Hubbell	Pair Corr
0.73	IPWR	Ideal Power	Pair Corr
0.79	ADSEW	ADS TEC ENERGY	Pair Corr

Related Correlations Analysis

	FREY	MVST	DFLI	SLDP	PLUG	FCEL	ENVX
FREY		0.77	0.81	0.95	0.76	0.79	0.7	FREY
MVST	0.77		0.51	0.82	0.43	0.47	0.68	MVST
DFLI	0.81	0.51		0.75	0.85	0.92	0.68	DFLI
SLDP	0.95	0.82	0.75		0.7	0.73	0.75	SLDP
PLUG	0.76	0.43	0.85	0.7		0.94	0.48	PLUG
FCEL	0.79	0.47	0.92	0.73	0.94		0.56	FCEL
ENVX	0.7	0.68	0.68	0.75	0.48	0.56		ENVX
	FREY	MVST	DFLI	SLDP	PLUG	FCEL	ENVX

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Risk-Adjusted Indicators

There is a big difference between Eos Stock performing well and Eos 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 Eos 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
FREY	4.94	0.01	0.00	(0.02)	5.51	(5.62)	12.10	(8.76)	30.45
MVST	7.13	0.56	0.07	0.43	7.69	(8.37)	24.84	(11.19)	64.07
DFLI	4.94	(1.10)	0.00	(0.76)	0.00	0.00	13.04	(10.03)	42.52
SLDP	4.18	0.29	0.06	0.24	4.74	(5.02)	9.23	(9.05)	41.68
PLUG	4.25	(0.55)	0.00	(4.77)	0.00	0.00	9.39	(9.49)	30.72
FCEL	4.34	(1.03)	0.00	(2.49)	0.00	0.00	11.15	(7.17)	26.50
ENVX	4.41	0.29	0.05	0.15	5.38	(4.52)	11.41	(8.83)	35.83

Eos Energy Corporate Management

Tracey Czajak	VP HR	Profile
Marshall Chapin	Chief Officer	Profile
Joseph Mastrangelo	CEO Director	Profile
Nathan CPA	Chief Officer	Profile
Michelle Buczkowski	Senior Resources	Profile
Jared Ehm	Financial Leader	Profile

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