Fluence Energy Correlations

FLNC Stock

USD 5.38 0.05 0.92%

The current 90-days correlation between Fluence Energy and Altus Power is 0.07 (i.e., Significant diversification). The correlation of Fluence 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.

Fluence Energy Correlation With Market

Significant diversification

The correlation between Fluence Energy and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluence 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 Fluence 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 board of governors.

For information on how to trade Fluence Stock refer to our How to Trade Fluence Stock guide.

Moving together with Fluence Stock

0.76	RNWWW	ReNew Energy Global	Pair Corr
0.72	WAVE	Eco Wave Power	Pair Corr
0.91	XIFR	XPLR Infrastructure Symbol Change	Pair Corr
0.81	RNW	Renew Energy Global	Pair Corr
0.84	HTOO	Fusion Fuel Green	Pair Corr
0.84	NRGV	Energy Vault Holdings	Pair Corr
0.8	HTOOW	Fusion Fuel Green	Pair Corr
0.9	ALCE	Alternus Energy Group	Pair Corr
0.8	J	Jacobs Solutions	Pair Corr
0.91	BV	BrightView Holdings	Pair Corr
0.92	BW	Babcock Wilcox Enter	Pair Corr
0.83	CW	Curtiss Wright	Pair Corr

Moving against Fluence Stock

0.9	EBR	Centrais Electricas	Pair Corr
0.82	AMPS	Altus Power	Pair Corr
0.8	SUUN	SolarBank Common	Pair Corr
0.64	BEP-PA	Brookfield Renewable	Pair Corr
0.92	EH	Ehang Holdings Downward Rally	Pair Corr
0.85	G	Genpact Limited	Pair Corr
0.79	DE	Deere Company	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.64	CWEN	Clearway Energy Class	Pair Corr
0.52	BR	Broadridge Financial	Pair Corr

Related Correlations Analysis

	AMPS	AZRE	ORA	ENLT	ADNWW	HTOO	HLGN	RNW	NRGV
AMPS		0.0	0.18	0.52	-0.03	-0.53	0.0	-0.65	-0.6	AMPS
AZRE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AZRE
ORA	0.18	0.0		0.1	-0.36	-0.19	0.0	-0.01	-0.2	ORA
ENLT	0.52	0.0	0.1		0.03	0.02	0.0	-0.28	0.01	ENLT
ADNWW	-0.03	0.0	-0.36	0.03		-0.07	0.0	-0.25	-0.03	ADNWW
HTOO	-0.53	0.0	-0.19	0.02	-0.07		0.0	0.72	0.9	HTOO
HLGN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HLGN
RNW	-0.65	0.0	-0.01	-0.28	-0.25	0.72	0.0		0.73	RNW
NRGV	-0.6	0.0	-0.2	0.01	-0.03	0.9	0.0	0.73		NRGV
	AMPS	AZRE	ORA	ENLT	ADNWW	HTOO	HLGN	RNW	NRGV

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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

NRGV	+ 0.9	HTOO
NRGV	+ 0.73	RNW
RNW	+ 0.72	HTOO
ENLT	+ 0.52	AMPS
ORA	+ 0.18	AMPS
ENLT	+ 0.1	ORA

High negative correlations

RNW	- 0.65	AMPS
NRGV	- 0.6	AMPS
HTOO	- 0.53	AMPS
ADNWW	- 0.36	ORA
RNW	- 0.28	ENLT
RNW	- 0.25	ADNWW

Risk-Adjusted Indicators

There is a big difference between Fluence Stock performing well and Fluence 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 Fluence 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
AMPS	2.38	0.35	0.14	(0.56)	2.36	(2.88)	6.49	(5.77)	27.76
AZRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORA	1.39	(0.18)	0.00	0.43	0.00	0.00	2.68	(3.26)	7.47
ENLT	1.83	0.06	0.05	0.22	2.33	(1.94)	3.73	(3.92)	12.04
ADNWW	8.28	1.06	0.12	(2.00)	8.55	(11.22)	22.22	(16.78)	73.81
HTOO	5.32	(0.55)	0.00	(1.68)	0.00	0.00	14.89	(9.68)	41.07
HLGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNW	1.38	(0.27)	0.00	1.80	0.00	0.00	3.05	(3.35)	8.11
NRGV	4.96	(0.81)	0.00	0.60	0.00	0.00	11.11	(12.33)	34.61

Fluence Energy Corporate Management

Samuel Chong	Treasurer VP	Profile
Michelle Philpotas	Chief Officer	Profile
Larissa Cerqueira	Chief VP	Profile
Rebecca Boll	Senior Officer	Profile
Paul McCusker	Senior EMEA	Profile

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