Sunrise New Correlations

EPOW Stock

USD 0.96 0.01 1.05%

The current 90-days correlation between Sunrise New Energy and Espey Mfg Electronics is -0.02 (i.e., Good diversification). The correlation of Sunrise New 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.

Sunrise New Correlation With Market

Significant diversification

The correlation between Sunrise New Energy and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunrise New Energy 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 Sunrise New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Sunrise Stock

0.67

LTBR

Lightbridge Corp

Pair Corr

Moving against Sunrise Stock

0.74	HAYW	Hayward Holdings	Pair Corr
0.66	EAF	GrafTech International	Pair Corr
0.58	PITAW	Heramba Electric plc	Pair Corr
0.48	XPON	Expion360	Pair Corr
0.44	ESP	Espey Mfg Electronics	Pair Corr
0.41	FCEL	FuelCell Energy	Pair Corr
0.39	NVT	nVent Electric PLC	Pair Corr
0.35	ELPW	Elong Power Holding	Pair Corr
0.33	NVX	Novonix Ltd ADR	Pair Corr
0.32	VRT	Vertiv Holdings	Pair Corr
0.67	LNKS	Linkers Industries	Pair Corr
0.64	SDST	Stardust Power Symbol Change	Pair Corr
0.53	ATKR	Atkore International	Pair Corr
0.51	PPSI	Pioneer Power Solutions Earnings Call This Week	Pair Corr
0.49	HUBB	Hubbell	Pair Corr
0.49	NEOV	NeoVolta Common Stock	Pair Corr
0.48	SDSTW	Stardust Power Symbol Change	Pair Corr
0.46	POWL	Powell Industries	Pair Corr
0.43	NEOVW	NeoVolta Warrant	Pair Corr
0.39	PLUG	Plug Power	Pair Corr
0.33	ULBI	Ultralife	Pair Corr

Related Correlations Analysis

	ESP	NEOVW	KE	HAYW	ADSE	POLA	CBAT	OPTT	ENS	FLUX
ESP		0.48	0.71	0.51	0.46	0.48	0.55	0.34	-0.38	0.54	ESP
NEOVW	0.48		0.62	0.65	0.14	0.43	0.36	0.24	-0.56	0.3	NEOVW
KE	0.71	0.62		0.66	0.45	0.53	0.31	0.3	-0.34	0.53	KE
HAYW	0.51	0.65	0.66		0.1	0.17	0.12	-0.15	-0.4	0.3	HAYW
ADSE	0.46	0.14	0.45	0.1		0.56	0.53	0.61	0.13	0.29	ADSE
POLA	0.48	0.43	0.53	0.17	0.56		0.61	0.68	-0.23	0.43	POLA
CBAT	0.55	0.36	0.31	0.12	0.53	0.61		0.7	-0.31	0.44	CBAT
OPTT	0.34	0.24	0.3	-0.15	0.61	0.68	0.7		-0.07	0.48	OPTT
ENS	-0.38	-0.56	-0.34	-0.4	0.13	-0.23	-0.31	-0.07		-0.42	ENS
FLUX	0.54	0.3	0.53	0.3	0.29	0.43	0.44	0.48	-0.42		FLUX
	ESP	NEOVW	KE	HAYW	ADSE	POLA	CBAT	OPTT	ENS	FLUX

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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

KE	+ 0.71	ESP
OPTT	+ 0.7	CBAT
OPTT	+ 0.68	POLA
HAYW	+ 0.66	KE
HAYW	+ 0.65	NEOVW
KE	+ 0.62	NEOVW

High negative correlations

ENS	- 0.56	NEOVW
FLUX	- 0.42	ENS
ENS	- 0.4	HAYW
ENS	- 0.38	ESP
ENS	- 0.34	KE
ENS	- 0.31	CBAT

Risk-Adjusted Indicators

There is a big difference between Sunrise Stock performing well and Sunrise New 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 Sunrise New'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
ESP	1.74	(0.03)	0.00	(0.15)	0.00	0.00	3.04	(3.33)	15.86
NEOVW	9.46	(0.53)	0.00	0.24	0.00	0.00	16.11	(21.97)	56.57
KE	1.49	(0.09)	0.00	(0.17)	0.00	0.00	2.21	(3.39)	10.46
HAYW	1.37	(0.15)	0.00	(0.22)	0.00	0.00	3.10	(3.53)	8.16
ADSE	1.35	0.02	0.03	0.00	1.97	(1.44)	3.16	(2.96)	11.01
POLA	3.95	0.28	0.06	1.57	5.74	(4.62)	12.20	(5.45)	49.28
CBAT	2.62	0.01	0.03	(0.10)	3.15	(3.49)	6.25	(4.88)	30.55
OPTT	9.73	1.70	0.17	13.40	8.80	(13.56)	22.97	(12.50)	117.25
ENS	1.28	0.10	0.08	0.07	1.54	(1.30)	2.47	(2.66)	7.78
FLUX	4.64	0.44	0.08	0.53	5.30	(5.19)	10.74	(8.70)	40.07

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