Sunrun Correlations

RUN Stock

USD 8.37 0.12 1.41%

The current 90-days correlation between Sunrun Inc and Maxeon Solar Technologies is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunrun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunrun Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sunrun Correlation With Market

Significant diversification

The correlation between Sunrun Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunrun Inc 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 Sunrun Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Sunrun Stock

0.71

PITA

Heramba Electric plc

Pair Corr

Moving against Sunrun Stock

0.55	GE	GE Aerospace	Pair Corr
0.48	EH	Ehang Holdings	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.52	PWUPW	PowerUp Acquisition Corp Symbol Change	Pair Corr
0.5	MG	Mistras Group Earnings Call This Week	Pair Corr
0.48	VATE	Innovate Corp Earnings Call This Week	Pair Corr
0.43	LZ	LegalZoom	Pair Corr
0.42	VCIC	Vine Hill Capital	Pair Corr
0.4	VACH	Voyager Acquisition Corp	Pair Corr
0.38	WM	Waste Management	Pair Corr
0.35	PL	Planet Labs PBC	Pair Corr

Related Correlations Analysis

	MAXN	CSIQ	FSLR	NOVA	SEDG	SPWR	ENPH	JKS
MAXN		0.61	0.48	0.78	0.17	0.0	0.62	0.51	MAXN
CSIQ	0.61		0.79	0.82	0.2	0.0	0.81	0.82	CSIQ
FSLR	0.48	0.79		0.71	-0.29	0.0	0.7	0.64	FSLR
NOVA	0.78	0.82	0.71		0.06	0.0	0.75	0.67	NOVA
SEDG	0.17	0.2	-0.29	0.06		0.0	0.19	0.17	SEDG
SPWR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SPWR
ENPH	0.62	0.81	0.7	0.75	0.19	0.0		0.85	ENPH
JKS	0.51	0.82	0.64	0.67	0.17	0.0	0.85		JKS
	MAXN	CSIQ	FSLR	NOVA	SEDG	SPWR	ENPH	JKS

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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

JKS	+ 0.85	ENPH
NOVA	+ 0.82	CSIQ
JKS	+ 0.82	CSIQ
ENPH	+ 0.81	CSIQ
FSLR	+ 0.79	CSIQ
NOVA	+ 0.78	MAXN

High negative correlations

SEDG	- 0.29	FSLR
JKS	- 0.0	SPWR
ENPH	- 0.0	SPWR
SPWR	- 0.0	SEDG
SPWR	- 0.0	NOVA
SPWR	- 0.0	FSLR

Risk-Adjusted Indicators

There is a big difference between Sunrun Stock performing well and Sunrun 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 Sunrun'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
MAXN	4.37	(0.93)	0.00	(3.11)	0.00	0.00	12.29	(9.46)	22.82
CSIQ	2.84	(0.19)	0.00	(6.20)	0.00	0.00	6.88	(5.05)	14.09
FSLR	2.06	(0.40)	0.00	6.15	0.00	0.00	3.64	(4.58)	12.13
NOVA	4.34	(1.64)	0.00	(2.85)	0.00	0.00	9.79	(13.01)	29.70
SEDG	4.98	1.02	0.20	(5.44)	4.61	(6.10)	12.66	(7.74)	31.42
SPWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENPH	2.44	0.09	0.03	0.15	2.66	(2.70)	5.41	(4.36)	14.74
JKS	3.13	0.15	0.04	0.61	3.47	(3.61)	6.89	(5.52)	21.08

Sunrun Corporate Management

Maria Barak	Chief Officer	Profile
Chance Allred	Chief Officer	Profile
Michelle Philpot	Chief Officer	Profile
Danny Abajian	Chief Officer	Profile
Andrew Newbold	Director Communications	Profile

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