Orion Energy Correlations

OESX Stock

USD 0.79 0.04 5.33%

The current 90-days correlation between Orion Energy Systems and Pioneer Power Solutions is 0.17 (i.e., Average diversification). The correlation of Orion 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Orion Energy Correlation With Market

Good diversification

The correlation between Orion Energy Systems and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orion Energy Systems and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Energy Systems. 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 against Orion Stock

0.36	VIOT	Viomi Technology ADR Earnings Call Today	Pair Corr
0.33	HBB	Hamilton Beach Brands	Pair Corr
0.6	DRVN	Driven Brands Holdings	Pair Corr

Related Correlations Analysis

	POLA	CBAT	PPSI	LTBR	EOSE	TNTLF	LGRDY	AFGYF	LPENF	EGTYF
POLA		0.62	0.7	-0.53	0.54	0.54	-0.5	0.62	0.0	0.43	POLA
CBAT	0.62		0.62	-0.41	0.59	0.4	-0.6	0.66	0.0	0.25	CBAT
PPSI	0.7	0.62		-0.51	0.62	0.68	-0.7	0.77	0.0	0.26	PPSI
LTBR	-0.53	-0.41	-0.51		-0.2	-0.33	0.59	-0.35	0.0	-0.16	LTBR
EOSE	0.54	0.59	0.62	-0.2		0.76	-0.65	0.67	0.0	0.22	EOSE
TNTLF	0.54	0.4	0.68	-0.33	0.76		-0.66	0.61	0.0	0.27	TNTLF
LGRDY	-0.5	-0.6	-0.7	0.59	-0.65	-0.66		-0.77	0.0	-0.23	LGRDY
AFGYF	0.62	0.66	0.77	-0.35	0.67	0.61	-0.77		0.0	0.4	AFGYF
LPENF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LPENF
EGTYF	0.43	0.25	0.26	-0.16	0.22	0.27	-0.23	0.4	0.0		EGTYF
	POLA	CBAT	PPSI	LTBR	EOSE	TNTLF	LGRDY	AFGYF	LPENF	EGTYF

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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

AFGYF	+ 0.77	PPSI
TNTLF	+ 0.76	EOSE
PPSI	+ 0.7	POLA
TNTLF	+ 0.68	PPSI
AFGYF	+ 0.67	EOSE
AFGYF	+ 0.66	CBAT

High negative correlations

AFGYF	- 0.77	LGRDY
LGRDY	- 0.7	PPSI
LGRDY	- 0.66	TNTLF
LGRDY	- 0.65	EOSE
LGRDY	- 0.6	CBAT
LTBR	- 0.53	POLA

Risk-Adjusted Indicators

There is a big difference between Orion Stock performing well and Orion 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 Orion 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
POLA	3.94	0.01	0.03	(0.08)	5.82	(4.72)	12.20	(5.45)	49.28
CBAT	2.54	0.14	0.05	0.21	2.91	(3.63)	6.25	(3.53)	30.55
PPSI	2.04	(0.19)	0.00	1.04	0.00	0.00	4.08	(4.39)	16.47
LTBR	9.42	1.85	0.20	13.17	8.59	(11.71)	29.41	(14.31)	64.27
EOSE	5.20	0.82	0.13	0.20	4.90	(6.53)	13.79	(8.85)	40.49
TNTLF	0.93	(0.07)	0.00	(0.28)	0.00	0.00	4.38	(2.33)	16.90
LGRDY	1.48	0.27	0.17	(30.50)	1.64	(1.89)	3.78	(2.51)	11.32
AFGYF	3.35	(0.29)	0.00	(0.73)	0.00	0.00	9.09	(10.23)	40.38
LPENF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGTYF	13.51	2.27	0.10	(57.02)	14.92	(22.77)	45.07	(28.16)	111.73

Orion Energy Corporate Management

Michael Jenkins	CEO Director	Profile
Tim Rooney	Ex Sales	Profile
JD Esq	Outside Secretary	Profile
John Brodin	CFO, VP	Profile

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