FuelCell Energy Correlations

FCEL Stock

USD 7.92 0.34 4.12%

The current 90-days correlation between FuelCell Energy and Microvast Holdings is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FuelCell Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FuelCell Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FuelCell Energy Correlation With Market

Good diversification

The correlation between FuelCell Energy and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FuelCell Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FuelCell Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy FuelCell Stock please use our How to buy in FuelCell Stock guide.

Moving together with FuelCell Stock

0.62	EPOW	Sunrise New Energy	Pair Corr
0.69	FLUX	Flux Power Holdings	Pair Corr
0.67	XPON	Expion360	Pair Corr
0.66	LSCG	Lighting Science	Pair Corr

Moving against FuelCell Stock

0.87	EAF	GrafTech International	Pair Corr
0.85	AYI	Acuity Brands	Pair Corr
0.78	NVT	nVent Electric PLC	Pair Corr
0.76	NVX	Novonix Ltd ADR	Pair Corr
0.74	ESP	Espey Mfg Electronics	Pair Corr
0.65	FREY	FREYR Battery SA Buyout Trend	Pair Corr
0.47	BE	Bloom Energy Corp Trending	Pair Corr
0.36	GWH	ESS Tech	Pair Corr
0.85	VRT	Vertiv Holdings	Pair Corr
0.85	POWL	Powell Industries Fiscal Year End 3rd of December 2024	Pair Corr
0.84	NEOVW	NeoVolta Warrant	Pair Corr
0.82	PLPC	Preformed Line Products	Pair Corr
0.74	PPSI	Pioneer Power Solutions	Pair Corr
0.72	HUBB	Hubbell	Pair Corr
0.7	HAYW	Hayward Holdings	Pair Corr
0.68	NEOV	NeoVolta Common Stock	Pair Corr
0.59	ADSEW	ADS TEC ENERGY	Pair Corr
0.49	MVSTW	Microvast Holdings	Pair Corr
0.36	MVST	Microvast Holdings	Pair Corr
0.33	POLA	Polar Power	Pair Corr

Related Correlations Analysis

	BE	MVST	SLDP	ENVX	PLUG	FREY	POLA	OPTT	PPSI	EOSE
BE		0.72	-0.51	-0.25	-0.18	0.74	-0.15	-0.24	0.26	-0.43	BE
MVST	0.72		-0.35	-0.31	-0.21	0.61	-0.06	-0.06	0.13	-0.51	MVST
SLDP	-0.51	-0.35		0.14	0.11	-0.56	-0.15	0.71	-0.74	-0.1	SLDP
ENVX	-0.25	-0.31	0.14		0.43	-0.3	0.37	-0.24	0.28	0.66	ENVX
PLUG	-0.18	-0.21	0.11	0.43		-0.12	0.24	-0.18	0.28	0.4	PLUG
FREY	0.74	0.61	-0.56	-0.3	-0.12		0.04	-0.27	0.36	-0.46	FREY
POLA	-0.15	-0.06	-0.15	0.37	0.24	0.04		-0.38	0.2	0.27	POLA
OPTT	-0.24	-0.06	0.71	-0.24	-0.18	-0.27	-0.38		-0.69	-0.46	OPTT
PPSI	0.26	0.13	-0.74	0.28	0.28	0.36	0.2	-0.69		0.48	PPSI
EOSE	-0.43	-0.51	-0.1	0.66	0.4	-0.46	0.27	-0.46	0.48		EOSE
	BE	MVST	SLDP	ENVX	PLUG	FREY	POLA	OPTT	PPSI	EOSE

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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

FREY	+ 0.74	BE
MVST	+ 0.72	BE
OPTT	+ 0.71	SLDP
EOSE	+ 0.66	ENVX
FREY	+ 0.61	MVST
EOSE	+ 0.48	PPSI

High negative correlations

PPSI	- 0.74	SLDP
PPSI	- 0.69	OPTT
FREY	- 0.56	SLDP
EOSE	- 0.51	MVST
SLDP	- 0.51	BE
EOSE	- 0.46	OPTT

Risk-Adjusted Indicators

There is a big difference between FuelCell Stock performing well and FuelCell 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 FuelCell 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
BE	4.43	1.41	0.38	3.14	2.87	(5.97)	7.90	(4.95)	55.07
MVST	12.24	4.02	0.50	1.98	5.55	(26.49)	12.50	(10.71)	358.33
SLDP	2.50	(0.56)	0.00	(0.26)	0.00	0.00	6.60	(6.19)	19.18
ENVX	4.35	(0.28)	0.00	(0.01)	0.00	0.00	9.59	(8.14)	34.07
PLUG	4.46	(0.09)	0.00	0.69	0.00	0.00	9.80	(6.99)	41.92
FREY	5.42	0.65	0.22	0.17	4.75	(6.68)	9.52	(8.70)	79.43
POLA	4.94	0.19	0.01	(0.49)	5.54	(6.21)	11.35	(9.34)	45.49
OPTT	3.22	(0.26)	0.00	(1.43)	0.00	0.00	7.14	(10.00)	55.58
PPSI	2.70	0.56	0.16	2.18	2.45	(3.33)	8.48	(4.82)	23.15
EOSE	4.95	0.56	0.08	(1.01)	5.09	(6.57)	12.21	(7.87)	46.30

FuelCell Energy Corporate Management

Parimal	Chief Officer	Profile
Betsy Schaefer	Chief Officer	Profile
Mark Feasel	Executive Officer	Profile
Lilyanne McClean	Senior Affairs	Profile
Thomas Gelston	Senior Relations	Profile
Karen Farrell	Senior Officer	Profile

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