Ascent Solar Correlations

ASTI Stock

USD 4.06 0.05 1.22%

The current 90-days correlation between Ascent Solar Technologies and Turbo Energy SA is 0.18 (i.e., Average diversification). The correlation of Ascent Solar 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.

Ascent Solar Correlation With Market

Good diversification

The correlation between Ascent Solar Technologies and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ascent Solar Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ascent Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascent Solar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Ascent Stock

0.68	ON	ON Semiconductor	Pair Corr
0.62	UMC	United Microelectronics Sell-off Trend	Pair Corr
0.65	LSCC	Lattice Semiconductor	Pair Corr
0.67	NXPI	NXP Semiconductors	Pair Corr
0.64	SAR	Saratoga Investment Corp Earnings Call This Week	Pair Corr
0.71	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.74	RKLB	Rocket Lab USA	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr

Moving against Ascent Stock

0.44	GCTS	GCT Semiconductor Holding	Pair Corr
0.38	HNHPF	Hon Hai Precision	Pair Corr
0.34	PG	Procter Gamble	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	TURB	PTLE	RBNE	VIVK	TPET	STAK	NUAI	SKYQ	PN	BRN
TURB		0.48	0.94	0.9	0.91	0.98	0.05	0.85	-0.61	0.8	TURB
PTLE	0.48		0.54	0.59	0.56	0.54	0.27	0.47	-0.38	0.53	PTLE
RBNE	0.94	0.54		0.89	0.91	0.94	0.1	0.86	-0.58	0.74	RBNE
VIVK	0.9	0.59	0.89		0.88	0.9	0.22	0.81	-0.45	0.7	VIVK
TPET	0.91	0.56	0.91	0.88		0.92	0.02	0.83	-0.53	0.76	TPET
STAK	0.98	0.54	0.94	0.9	0.92		-0.01	0.89	-0.52	0.83	STAK
NUAI	0.05	0.27	0.1	0.22	0.02	-0.01		-0.06	-0.26	-0.05	NUAI
SKYQ	0.85	0.47	0.86	0.81	0.83	0.89	-0.06		-0.4	0.74	SKYQ
PN	-0.61	-0.38	-0.58	-0.45	-0.53	-0.52	-0.26	-0.4		-0.46	PN
BRN	0.8	0.53	0.74	0.7	0.76	0.83	-0.05	0.74	-0.46		BRN
	TURB	PTLE	RBNE	VIVK	TPET	STAK	NUAI	SKYQ	PN	BRN

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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

STAK	+ 0.98	TURB
RBNE	+ 0.94	TURB
STAK	+ 0.94	RBNE
STAK	+ 0.92	TPET
TPET	+ 0.91	TURB
TPET	+ 0.91	RBNE

High negative correlations

PN	- 0.61	TURB
PN	- 0.58	RBNE
PN	- 0.53	TPET
PN	- 0.52	STAK
BRN	- 0.46	PN
PN	- 0.45	VIVK

Risk-Adjusted Indicators

There is a big difference between Ascent Stock performing well and Ascent Solar 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 Ascent Solar'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
TURB	4.29	(1.99)	0.00	4.81	0.00	0.00	7.77	(12.45)	32.07
PTLE	5.64	(0.60)	0.00	(0.68)	0.00	0.00	15.79	(13.64)	62.75
RBNE	4.19	(1.00)	0.00	3.90	0.00	0.00	8.29	(11.68)	25.12
VIVK	10.37	(3.86)	0.00	(1.55)	0.00	0.00	14.55	(24.23)	122.84
TPET	3.30	(0.44)	0.00	(1.33)	0.00	0.00	7.14	(5.49)	32.43
STAK	3.86	(1.31)	0.00	(1.72)	0.00	0.00	5.00	(9.09)	25.59
NUAI	11.66	2.22	0.20	1.04	10.47	(14.79)	30.64	(13.56)	124.78
SKYQ	5.77	0.19	0.00	(0.03)	5.16	(10.17)	8.82	(9.09)	26.19
PN	3.03	0.17	0.03	(0.59)	3.18	(4.32)	7.25	(6.10)	19.01
BRN	2.81	(0.24)	0.00	(0.26)	0.00	0.00	7.38	(4.96)	17.52

Ascent Solar Corporate Management

Joseph Armstrong	CTO Founder	Profile
Michael Gilbreth	CFO Officer	Profile
Adam Holdsworth	Managing Group	Profile
Joseph Kigin	Business Sales	Profile
Jeffrey Max	CEO Pres	Profile
Jin Jo	Chief Officer	Profile

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