Sunrun Correlations

RUN Stock

USD 6.66 0.15 2.30%

The current 90-days correlation between Sunrun Inc and Maxeon Solar Technologies is 0.55 (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

Modest diversification

The correlation between Sunrun Inc and DJI is 0.2 (i.e., Modest 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

0.86	VSTE	Vast Renewables	Pair Corr
0.9	EFSH	1847 Holdings LLC	Pair Corr
0.88	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.91	FIP	FTAI Infrastructure	Pair Corr
0.7	GBX	Greenbrier Companies	Pair Corr
0.7	FSTR	LB Foster	Pair Corr
0.71	HON	Honeywell International	Pair Corr
0.64	IGC	India Globalization	Pair Corr
0.85	MLR	Miller Industries	Pair Corr
0.84	MPU	Mega Matrix Corp	Pair Corr
0.88	SOL	Emeren Group Earnings Call This Week	Pair Corr
0.75	TRN	Trinity Industries	Pair Corr
0.61	ZEO	Zeo Energy Corp	Pair Corr
0.64	GTEC	Greenland Acquisition	Pair Corr
0.9	HYLN	Hyliion Holdings Corp	Pair Corr
0.85	PITA	Heramba Electric plc	Pair Corr
0.88	CRESW	Cresud SACIF y	Pair Corr
0.71	ALSN	Allison Transmission	Pair Corr
0.88	SHLS	Shoals Technologies Tech Boost	Pair Corr
0.85	BEEM	Beam Global	Pair Corr

Moving against Sunrun Stock

0.67	MMM	3M Company	Pair Corr
0.42	NXT	Nextracker Class A	Pair Corr
0.32	VMI	Valmont Industries	Pair Corr
0.68	G	Genpact Limited	Pair Corr
0.36	PLOW	Douglas Dynamics	Pair Corr
0.36	BR	Broadridge Financial	Pair Corr

Related Correlations Analysis

	MAXN	CSIQ	FSLR	NOVA	SEDG	SPWR	ENPH	JKS
MAXN		0.67	0.84	0.89	-0.34	0.0	0.76	0.45	MAXN
CSIQ	0.67		0.8	0.81	0.01	0.0	0.83	0.84	CSIQ
FSLR	0.84	0.8		0.96	-0.44	0.0	0.82	0.58	FSLR
NOVA	0.89	0.81	0.96		-0.44	0.0	0.82	0.58	NOVA
SEDG	-0.34	0.01	-0.44	-0.44		0.0	-0.13	0.06	SEDG
SPWR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SPWR
ENPH	0.76	0.83	0.82	0.82	-0.13	0.0		0.8	ENPH
JKS	0.45	0.84	0.58	0.58	0.06	0.0	0.8		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

NOVA	+ 0.96	FSLR
NOVA	+ 0.89	MAXN
FSLR	+ 0.84	MAXN
JKS	+ 0.84	CSIQ
ENPH	+ 0.83	CSIQ
ENPH	+ 0.82	FSLR

High negative correlations

SEDG	- 0.44	NOVA
SEDG	- 0.44	FSLR
SEDG	- 0.34	MAXN
ENPH	- 0.13	SEDG
JKS	- 0.0	SPWR
ENPH	- 0.0	SPWR

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	4.95	(0.30)	0.00	(0.21)	0.00	0.00	12.57	(9.46)	33.53
CSIQ	2.85	(0.34)	0.00	5.49	0.00	0.00	6.05	(4.95)	18.46
FSLR	2.38	(0.65)	0.00	(3.70)	0.00	0.00	4.50	(5.27)	16.35
NOVA	6.43	(2.61)	0.00	(1.43)	0.00	0.00	10.31	(15.69)	81.08
SEDG	4.71	0.50	0.10	0.84	5.08	(5.63)	11.74	(7.83)	31.42
SPWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENPH	2.63	(0.21)	0.00	(0.64)	0.00	0.00	5.41	(5.24)	16.37
JKS	2.82	(0.27)	0.00	14.65	0.00	0.00	6.05	(5.69)	15.82

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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