First Solar Correlations
| FSLR Stock | MXN 4,825 25.00 0.52% |
The current 90-days correlation between First Solar and Value Grupo Financiero is -0.07 (i.e., Good diversification). The correlation of First 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. If the correlation is 0, the equities are not correlated; they are entirely random.
First Solar Correlation With Market
Significant diversification
The correlation between First Solar and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Solar and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
Moving together with First Stock
| 0.71 | AAPL | Apple Inc | PairCorr |
| 0.76 | CEMEXCPO | CEMEX SAB de | PairCorr |
| 0.78 | LVS | Las Vegas Sands | PairCorr |
| 0.68 | GBMO | Corporativo GBM SAB Earnings Call This Week | PairCorr |
| 0.64 | KUOB | Grupo KUO SAB | PairCorr |
| 0.84 | WDC | Western Digital | PairCorr |
| 0.83 | FFIV | F5 Networks | PairCorr |
| 0.73 | F | Ford Motor | PairCorr |
| 0.75 | LLY | Eli Lilly | PairCorr |
| 0.78 | VESTA | Corporacin Inmobiliaria | PairCorr |
| 0.71 | SIMECB | Grupo Simec SAB | PairCorr |
| 0.71 | NVSN | Novartis AG | PairCorr |
| 0.67 | CSCO | Cisco Systems | PairCorr |
| 0.73 | STLD | Steel Dynamics | PairCorr |
| 0.77 | BBVA | Banco Bilbao Vizcaya | PairCorr |
| 0.77 | Q | Qulitas Controladora SAB | PairCorr |
| 0.61 | WFC | Wells Fargo | PairCorr |
Moving against First Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First 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 First 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | 2.19 | 0.31 | 0.09 | 0.90 | 2.08 | 7.02 | 21.42 | |||
| PV | 0.22 | 0.10 | 0.00 | 26.57 | 0.00 | 0.00 | 7.32 | |||
| PII | 0.80 | 0.21 | 0.00 | (0.22) | 0.00 | 0.46 | 24.60 | |||
| VALUEGFO | 0.37 | 0.05 | 0.00 | 0.31 | 0.00 | 0.14 | 8.53 | |||
| GMEXICOB | 1.98 | 0.36 | 0.10 | 0.75 | 3.18 | 4.24 | 21.26 | |||
| FFIV | 0.03 | 0.00 | 0.00 | (0.35) | 0.00 | 0.00 | 0.86 | |||
| DLTR | 1.10 | 0.35 | 0.00 | 1.78 | 0.00 | 4.62 | 10.50 | |||
| AMD | 3.08 | 0.53 | 0.12 | (0.89) | 3.00 | 8.42 | 31.18 | |||
| BAFARB | 0.40 | 0.18 | 0.00 | 1.69 | 0.00 | 1.02 | 3.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Solar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
First Solar Corporate Management
Elected by the shareholders, the First Solar's board of directors comprises two types of representatives: First Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Solar's management team and ensure that shareholders' interests are well served. First Solar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Markus Gloeckler | Chief Officer | Profile | |
| Jigish Trivedi | VP Technology | Profile | |
| Jason Dymbort | G Sec | Profile | |
| Mitchell Ennis | Ma Relations | Profile | |
| Caroline Stockdale | Chief Officer | Profile | |
| Alexander Bradley | Chief Officer | Profile |