Stardust Power Correlations

SDST Stock

6.79 0.12 1.74%

The current 90-days correlation between Stardust Power and Eos Energy Enterprises is 0.12 (i.e., Average diversification). The correlation of Stardust Power 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.

Stardust Power Correlation With Market

Average diversification

The correlation between Stardust Power and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stardust Power and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stardust Power. 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.

For more information on how to buy Stardust Stock please use our How to Invest in Stardust Power guide.

Moving together with Stardust Stock

0.69	FCEL	FuelCell Energy Trending	Pair Corr
0.68	XPON	Expion360	Pair Corr

Moving against Stardust Stock

0.67	EAF	GrafTech International	Pair Corr
0.63	ESP	Espey Mfg Electronics	Pair Corr
0.63	NVX	Novonix Ltd ADR	Pair Corr
0.6	HAYW	Hayward Holdings	Pair Corr
0.59	AYI	Acuity Brands	Pair Corr
0.56	ADSEW	ADS TEC ENERGY	Pair Corr
0.55	VRT	Vertiv Holdings	Pair Corr
0.46	NVT	nVent Electric PLC	Pair Corr
0.43	FREY	FREYR Battery SA	Pair Corr
0.41	BE	Bloom Energy Corp	Pair Corr
0.4	HUBB	Hubbell	Pair Corr
0.38	NEOV	NeoVolta Common Stock Potential Growth	Pair Corr
0.34	NXU	Nxu Inc	Pair Corr
0.34	STI	Solidion Technology Symbol Change	Pair Corr
0.76	ADSE	Ads Tec Energy	Pair Corr
0.66	RAYA	Erayak Power Solution	Pair Corr
0.65	J	Jacobs Solutions	Pair Corr
0.63	APWC	Asia Pacific Wire	Pair Corr
0.63	B	Barnes Group	Pair Corr
0.6	AMPX	Amprius Technologies	Pair Corr
0.55	POWL	Powell Industries Earnings Call This Week	Pair Corr
0.55	PPSI	Pioneer Power Solutions	Pair Corr
0.49	SKYX	SKYX Platforms Corp	Pair Corr

Related Correlations Analysis

	BE	ELVA	ENVX	EOSE	EPOW	FCEL	FLUX	AYI	EAF	ENS
BE		0.62	-0.24	-0.34	-0.81	-0.42	-0.83	0.46	0.48	-0.5	BE
ELVA	0.62		0.16	0.08	-0.55	-0.22	-0.53	0.53	0.44	0.05	ELVA
ENVX	-0.24	0.16		0.74	0.15	-0.18	0.34	0.29	0.26	0.58	ENVX
EOSE	-0.34	0.08	0.74		0.13	-0.07	0.26	0.3	0.32	0.46	EOSE
EPOW	-0.81	-0.55	0.15	0.13		0.52	0.83	-0.66	-0.68	0.37	EPOW
FCEL	-0.42	-0.22	-0.18	-0.07	0.52		0.57	-0.83	-0.84	0.23	FCEL
FLUX	-0.83	-0.53	0.34	0.26	0.83	0.57		-0.67	-0.67	0.54	FLUX
AYI	0.46	0.53	0.29	0.3	-0.66	-0.83	-0.67		0.96	-0.06	AYI
EAF	0.48	0.44	0.26	0.32	-0.68	-0.84	-0.67	0.96		-0.18	EAF
ENS	-0.5	0.05	0.58	0.46	0.37	0.23	0.54	-0.06	-0.18		ENS
	BE	ELVA	ENVX	EOSE	EPOW	FCEL	FLUX	AYI	EAF	ENS

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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

EAF	+ 0.96	AYI
FLUX	+ 0.83	EPOW
EOSE	+ 0.74	ENVX
ELVA	+ 0.62	BE
ENS	+ 0.58	ENVX
FLUX	+ 0.57	FCEL

High negative correlations

EAF	- 0.84	FCEL
AYI	- 0.83	FCEL
FLUX	- 0.83	BE
EPOW	- 0.81	BE
EAF	- 0.68	EPOW
EAF	- 0.67	FLUX

Risk-Adjusted Indicators

There is a big difference between Stardust Stock performing well and Stardust Power 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 Stardust Power'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
BE	4.48	1.53	0.40	6.56	2.91	(6.00)	7.90	(4.95)	62.65
ELVA	2.62	0.30	0.11	0.38	2.59	(3.22)	6.47	(3.96)	16.84
ENVX	4.29	(0.34)	(0.02)	0.00	5.55	(4.17)	9.59	(8.14)	34.07
EOSE	4.80	0.44	0.06	22.42	5.26	(5.91)	10.09	(7.87)	46.30
EPOW	2.75	(0.43)	0.00	1.07	0.00	0.00	5.05	(6.12)	18.50
FCEL	5.30	0.05	(0.01)	(1.36)	6.15	(6.31)	14.57	(12.13)	35.77
FLUX	3.42	(1.19)	0.00	(0.53)	0.00	0.00	7.14	(7.98)	24.30
AYI	1.22	0.26	0.18	0.40	0.99	(1.38)	2.54	(2.02)	11.12
EAF	5.02	1.46	0.22	1.62	5.21	(6.71)	14.93	(8.77)	29.22
ENS	1.21	(0.19)	0.00	(0.03)	0.00	0.00	2.21	(2.35)	8.90

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