First Solar Correlations

Stocks . Germany . 
Stock . First Solar
F3A Stock  EUR 116.08  0.12  0.10%   
The current 90-days correlation between First Solar and DICKER DATA LTD is -0.19 (i.e., Good diversification). The correlation of First Solar 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.

First Solar Correlation With Market

Good diversification

The correlation between First Solar and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Solar and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.

Moving together with First Stock

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Moving against First Stock

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  0.48S93 SMA SOLAR TPairCorr
  0.48S92 SMA Solar TechnologyPairCorr
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  0.68FG1 ANTOFAGASTAPairCorr

Related Correlations Analysis

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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   
US8
+ 0.72
DFPP
31WN
+ 0.44
DFPP
DT7
+ 0.44
SW6
SW6
+ 0.42
D0D
US8
+ 0.34
31WN
31WN
+ 0.19
D0D
  
High negative correlations   
US8
- 0.64
DT7
DT7
- 0.59
DFPP
SW6
- 0.48
DFPP
US8
- 0.45
SW6
DT7
- 0.37
31WN
US8
- 0.26
D0D

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Solar 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 First Solar'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Solar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Solar Corporate Management

Elected by the shareholders, the First Solar's board of directors comprises two types of representatives: First Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Solar's management team and ensure that shareholders' interests are well served. First Solar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Georges AntounChief OfficerProfile
Markus GloecklerChief OfficerProfile
Jigish TrivediVP TechnologyProfile
Jason DymbortG SecProfile
Mitchell EnnisMa RelationsProfile
Caroline StockdaleChief OfficerProfile
Alexander BradleyChief OfficerProfile
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