FTC Solar Correlations

FTCI Stock

USD 0.40 0.02 4.76%

The current 90-days correlation between FTC Solar and Spring Valley Acquisition is 0.01 (i.e., Significant diversification). The correlation of FTC 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.

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

For more detail on how to invest in FTC Stock please use our How to Invest in FTC Solar guide.

Moving together with FTC Stock

0.65	JKS	JinkoSolar Holding Buyout Trend	Pair Corr
0.64	ENFN	Enfusion	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.66	XNET	Xunlei Ltd Adr	Pair Corr
0.75	WDC	Western Digital	Pair Corr

Moving against FTC Stock

0.53	MAXN	Maxeon Solar Technologies Upward Rally	Pair Corr
0.5	VCSA	Vacasa Inc	Pair Corr
0.4	SEDG	SolarEdge Technologies	Pair Corr
0.39	ENPH	Enphase Energy	Pair Corr
0.38	ACLS	Axcelis Technologies	Pair Corr
0.79	FRGT	Freight Technologies	Pair Corr
0.37	VHC	VirnetX Holding Corp Downward Rally	Pair Corr

Related Correlations Analysis

	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES	AMYZF
SCRYX		0.71	0.6	0.89	0.61	0.16	0.73	-0.66	-0.15	-0.63	SCRYX
FRHC	0.71		0.59	0.84	0.65	0.3	0.85	-0.94	-0.16	-0.85	FRHC
GFL	0.6	0.59		0.51	0.4	-0.12	0.31	-0.64	-0.37	-0.32	GFL
RGAGX	0.89	0.84	0.51		0.65	0.42	0.86	-0.82	-0.05	-0.84	RGAGX
SVII	0.61	0.65	0.4	0.65		0.39	0.73	-0.66	-0.25	-0.76	SVII
GFI	0.16	0.3	-0.12	0.42	0.39		0.49	-0.28	-0.01	-0.53	GFI
KNF	0.73	0.85	0.31	0.86	0.73	0.49		-0.76	0.07	-0.86	KNF
MRK	-0.66	-0.94	-0.64	-0.82	-0.66	-0.28	-0.76		0.2	0.86	MRK
WES	-0.15	-0.16	-0.37	-0.05	-0.25	-0.01	0.07	0.2		0.05	WES
AMYZF	-0.63	-0.85	-0.32	-0.84	-0.76	-0.53	-0.86	0.86	0.05		AMYZF
	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES	AMYZF

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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

RGAGX	+ 0.89	SCRYX
KNF	+ 0.86	RGAGX
AMYZF	+ 0.86	MRK
KNF	+ 0.85	FRHC
RGAGX	+ 0.84	FRHC
KNF	+ 0.73	SCRYX

High negative correlations

MRK	- 0.94	FRHC
AMYZF	- 0.86	KNF
AMYZF	- 0.85	FRHC
AMYZF	- 0.84	RGAGX
MRK	- 0.82	RGAGX
MRK	- 0.76	KNF

Risk-Adjusted Indicators

There is a big difference between FTC Stock performing well and FTC 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 FTC 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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
FRHC	1.37	0.47	0.25	0.96	1.13	(1.50)	4.02	(2.40)	7.38
GFL	1.23	0.05	0.02	0.15	1.36	(1.32)	2.97	(2.29)	7.37
RGAGX	0.69	0.11	0.02	(1.49)	0.91	(0.71)	1.34	(1.66)	4.40
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
GFI	2.21	(0.15)	0.00	1.25	0.00	0.00	4.52	(5.41)	14.93
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
MRK	0.83	(0.26)	0.00	(1.64)	0.00	0.00	1.68	(2.13)	4.89
WES	1.05	0.01	(0.04)	0.12	1.39	(1.02)	1.94	(2.16)	5.82
AMYZF	3.86	(0.16)	0.00	1.86	0.00	0.00	7.41	(8.75)	21.04

FTC Solar Corporate Management

Kristian Nolde	Vice Strategy	Profile
Bill Michalek	Vice Communications	Profile
Phelps Morris	Chief Officer	Profile
Jacob Esq	General Secretary	Profile
Cathy CPA	Chief Officer	Profile
Giselle Phan	Chief Officer	Profile
Nagendra Cherukupalli	Chief Officer	Profile

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