Emeren Correlations

SOLDelisted Stock

USD 1.94 0.00 0.00%

The current 90-days correlation between Emeren Group and Zeo Energy Corp is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Emeren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emeren Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Emeren Correlation With Market

Very good diversification

The correlation between Emeren Group and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emeren Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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.

Moving against Emeren Stock

0.58	SLSR	Solaris Resources	Pair Corr
0.52	BNEFF	Bonterra Energy Corp	Pair Corr
0.52	CAMZF	Camino Minerals	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.48	MEEEF	Metal Energy Corp	Pair Corr
0.45	KEP	Korea Electric Power	Pair Corr
0.44	PTITF	PT Indosat Tbk	Pair Corr
0.42	GS	Goldman Sachs Group	Pair Corr
0.4	CGECF	Cogeco Inc	Pair Corr
0.37	UMAC	Unusual Machines	Pair Corr
0.37	CYD	China Yuchai Interna	Pair Corr
0.36	USPH	US Physicalrapy	Pair Corr
0.36	TORO	Toro	Pair Corr
0.62	TOGOF	TomaGold	Pair Corr
0.59	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.54	MTGRF	Mount Gibson Iron	Pair Corr
0.53	FRSB	First Resource Bank	Pair Corr
0.52	BLAGF	Blue Lagoon Resources	Pair Corr
0.45	BBDO	Banco Bradesco SA	Pair Corr
0.44	INTC	Intel	Pair Corr
0.4	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.39	DUK-PA	Duke Energy	Pair Corr
0.38	LRDC	Laredo Oil	Pair Corr

Related Correlations Analysis

	ZEO	FTCI	MMLP	EP	MAXN	IMPP	SND	LSE	SLNG	NCSM
ZEO		-0.49	-0.25	0.13	0.11	0.88	-0.83	0.79	-0.23	-0.59	ZEO
FTCI	-0.49		0.47	-0.38	-0.08	-0.56	0.33	-0.39	-0.32	0.27	FTCI
MMLP	-0.25	0.47		-0.16	-0.25	-0.31	0.38	-0.01	0.05	-0.1	MMLP
EP	0.13	-0.38	-0.16		0.5	0.17	-0.17	0.21	-0.01	0.17	EP
MAXN	0.11	-0.08	-0.25	0.5		0.11	-0.23	-0.1	-0.06	0.13	MAXN
IMPP	0.88	-0.56	-0.31	0.17	0.11		-0.86	0.74	-0.26	-0.57	IMPP
SND	-0.83	0.33	0.38	-0.17	-0.23	-0.86		-0.65	0.55	0.53	SND
LSE	0.79	-0.39	-0.01	0.21	-0.1	0.74	-0.65		-0.22	-0.4	LSE
SLNG	-0.23	-0.32	0.05	-0.01	-0.06	-0.26	0.55	-0.22		0.11	SLNG
NCSM	-0.59	0.27	-0.1	0.17	0.13	-0.57	0.53	-0.4	0.11		NCSM
	ZEO	FTCI	MMLP	EP	MAXN	IMPP	SND	LSE	SLNG	NCSM

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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

IMPP	+ 0.88	ZEO
LSE	+ 0.79	ZEO
LSE	+ 0.74	IMPP
SLNG	+ 0.55	SND
NCSM	+ 0.53	SND
MAXN	+ 0.5	EP

High negative correlations

SND	- 0.86	IMPP
SND	- 0.83	ZEO
LSE	- 0.65	SND
NCSM	- 0.59	ZEO
NCSM	- 0.57	IMPP
IMPP	- 0.56	FTCI

Risk-Adjusted Indicators

There is a big difference between Emeren Stock performing well and Emeren 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 Emeren'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
ZEO	3.70	(0.69)	0.00	(0.41)	0.00	0.00	7.56	(7.94)	25.48
FTCI	4.24	0.43	0.11	0.20	4.42	(4.71)	9.96	(7.79)	58.89
MMLP	2.44	0.16	0.03	(5.42)	2.82	(3.04)	6.25	(4.83)	19.26
EP	3.74	(0.22)	0.00	(0.16)	0.00	0.00	9.18	(7.74)	28.19
MAXN	3.73	(0.48)	0.00	(0.10)	0.00	0.00	8.61	(8.75)	32.99
IMPP	2.88	(0.61)	0.00	3.15	0.00	0.00	4.45	(6.94)	33.83
SND	3.78	1.51	0.25	112.57	4.15	(4.28)	10.57	(5.83)	36.57
LSE	2.85	(0.31)	0.00	(0.21)	0.00	0.00	6.60	(7.58)	22.05
SLNG	2.18	0.29	0.08	(2.96)	2.57	(2.28)	5.67	(4.40)	22.03
NCSM	1.90	0.04	0.01	0.12	2.36	(2.00)	4.72	(4.03)	11.09

Emeren Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Emeren stock to make a market-neutral strategy. Peer analysis of Emeren could also be used in its relative valuation, which is a method of valuing Emeren by comparing valuation metrics with similar companies.

Zeo Energy Corp FTC Solar Martin Midstream Partners Empire Petroleum Corp Maxeon Solar Technologies Imperial Petroleum Smart Sand Leishen Energy Holding Stabilis Solutions NCS Multistage Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Emeren Group?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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