Fluence Energy Correlations

FLNC Stock

USD 18.46 1.02 5.85%

The current 90-days correlation between Fluence Energy and Renew Energy Global is 0.15 (i.e., Average diversification). The correlation of Fluence Energy 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.

Fluence Energy Correlation With Market

Very weak diversification

The correlation between Fluence Energy and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluence Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fluence Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fluence 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 metropolitan statistical area.

For information on how to trade Fluence Stock refer to our How to Trade Fluence Stock guide.

Moving together with Fluence Stock

0.62	VICR	Vicor Downward Rally	Pair Corr
0.71	ELVA	Electrovaya	Pair Corr
0.71	ELVA	Electrovaya	Pair Corr
0.69	ENS	Enersys	Pair Corr
0.83	ROK	Rockwell Automation	Pair Corr

Moving against Fluence Stock

0.59	2V3	VPower Group Interna	Pair Corr
0.48	0LT	Leoch International	Pair Corr
0.45	AYI	Acuity Brands	Pair Corr
0.33	PN	Skycorp Solar Group	Pair Corr
0.54	AQ8	Acuity Brands	Pair Corr
0.51	HMM-A	Hammond Manufacturing	Pair Corr
0.42	MLITN	Italy Innovazioni SpA	Pair Corr
0.41	ZEO	Zeo Energy Corp	Pair Corr
0.35	2F0	AB Fagerhult Earnings Call This Week	Pair Corr
0.33	GWH	ESS Tech	Pair Corr

Related Correlations Analysis

	RNW	EE	AWR	KEN	CWT	MGEE	AVA	CEPU	CPK	OTTR
RNW		-0.59	0.07	-0.8	0.22	0.43	-0.02	-0.37	0.6	-0.59	RNW
EE	-0.59		-0.24	0.87	0.26	-0.14	0.62	0.02	-0.07	0.79	EE
AWR	0.07	-0.24		-0.27	0.5	0.44	-0.04	-0.23	0.05	0.15	AWR
KEN	-0.8	0.87	-0.27		-0.07	-0.46	0.28	0.37	-0.42	0.67	KEN
CWT	0.22	0.26	0.5	-0.07		0.75	0.74	-0.71	0.67	0.34	CWT
MGEE	0.43	-0.14	0.44	-0.46	0.75		0.56	-0.72	0.8	0.06	MGEE
AVA	-0.02	0.62	-0.04	0.28	0.74	0.56		-0.6	0.64	0.52	AVA
CEPU	-0.37	0.02	-0.23	0.37	-0.71	-0.72	-0.6		-0.68	-0.04	CEPU
CPK	0.6	-0.07	0.05	-0.42	0.67	0.8	0.64	-0.68		-0.15	CPK
OTTR	-0.59	0.79	0.15	0.67	0.34	0.06	0.52	-0.04	-0.15		OTTR
	RNW	EE	AWR	KEN	CWT	MGEE	AVA	CEPU	CPK	OTTR

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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

KEN	+ 0.87	EE
CPK	+ 0.8	MGEE
OTTR	+ 0.79	EE
MGEE	+ 0.75	CWT
AVA	+ 0.74	CWT
OTTR	+ 0.67	KEN

High negative correlations

KEN	- 0.8	RNW
CEPU	- 0.72	MGEE
CEPU	- 0.71	CWT
CPK	- 0.68	CEPU
CEPU	- 0.6	AVA
OTTR	- 0.59	RNW

Risk-Adjusted Indicators

There is a big difference between Fluence Stock performing well and Fluence 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 Fluence 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
RNW	1.53	(0.44)	0.00	(0.98)	0.00	0.00	2.24	(3.95)	28.65
EE	1.69	0.62	0.29	3.48	1.52	(1.95)	3.90	(2.93)	7.53
AWR	0.82	(0.01)	(0.06)	0.02	0.97	(0.86)	2.36	(1.87)	4.33
KEN	1.51	0.51	0.20	0.76	1.80	(1.61)	3.73	(3.47)	8.98
CWT	1.02	0.03	(0.02)	0.21	1.24	(1.10)	2.44	(2.16)	5.52
MGEE	0.85	(0.01)	(0.05)	(0.02)	1.13	(0.83)	1.64	(1.66)	4.52
AVA	0.80	0.08	0.02	3.70	1.11	(0.77)	1.67	(1.83)	4.77
CEPU	2.09	0.04	0.01	0.10	2.43	(2.33)	5.09	(4.23)	13.77
CPK	0.90	0.03	(0.03)	(0.31)	1.15	(0.91)	1.73	(1.71)	4.09
OTTR	0.96	0.05	0.02	0.18	1.07	(1.11)	1.87	(1.87)	5.83

Fluence Energy Corporate Management

Samuel Chong	Treasurer VP	Profile
Michelle Philpotas	Chief Officer	Profile
Andrea Fisher	Interim Officer	Profile
Larissa Cerqueira	Chief VP	Profile
Rebecca Boll	Senior Officer	Profile
Paul McCusker	Senior EMEA	Profile

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