SPI Energy Correlations
| SPI Stock | USD 0.32 0.01 3.23% |
The current 90-days correlation between SPI Energy and ISun Inc is -0.09 (i.e., Good diversification). The correlation of SPI 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.
SPI Energy Correlation With Market
Significant diversification
The correlation between SPI Energy Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPI Energy Co and DJI in the same portfolio, assuming nothing else is changed.
SPI |
Moving together with SPI Stock
| 0.74 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against SPI Stock
| 0.58 | ASAN | Asana Inc | PairCorr |
| 0.44 | EHGO | Eshallgo Class A Downward Rally | PairCorr |
| 0.37 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 SPI Stock performing well and SPI 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 SPI 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ISUN | 11.10 | (2.46) | 0.00 | 0.69 | 0.00 | 21.43 | 178.04 | |||
| SUNW | 5.87 | 1.14 | 0.10 | (0.26) | 5.75 | 14.29 | 38.53 | |||
| ASTI | 5.07 | (0.54) | 0.00 | 1.36 | 0.00 | 8.54 | 29.81 | |||
| SOL | 3.33 | 0.15 | (0.01) | (0.17) | 4.38 | 9.57 | 29.32 | |||
| SPWR | 8.97 | (2.95) | 0.00 | 0.66 | 0.00 | 10.29 | 75.00 | |||
| RUN | 3.54 | (0.63) | 0.00 | 0.53 | 0.00 | 6.23 | 40.96 | |||
| NOVA | 5.95 | (0.15) | 0.00 | 0.17 | 0.00 | 14.57 | 67.41 | |||
| JKS | 4.54 | 0.52 | 0.05 | (1.14) | 6.06 | 9.45 | 36.24 | |||
| CSIQ | 4.27 | 0.17 | 0.00 | (0.22) | 6.22 | 9.83 | 35.56 |
SPI Energy Corporate Management
| Tony Zhou | Senior Motorcars | Profile | |
| Scott Sullivan | Chief Region | Profile | |
| William Chen | Chief Juice | Profile | |
| Rami Fedda | Chief SolarJuice | Profile | |
| Ronald Iacobelli | Chief Motorcars | Profile |