SolarBank Common Correlations

SUUN Stock

1.05 0.08 7.08%

The current 90-days correlation between SolarBank Common and Verde Clean Fuels is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SolarBank Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolarBank Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SolarBank Common Correlation With Market

Very good diversification

The correlation between SolarBank Common and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SolarBank Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SolarBank Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SolarBank Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in SolarBank Stock, please use our How to Invest in SolarBank Common guide.

Moving against SolarBank Stock

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0.52	EM4	EMCOR Group	Pair Corr
0.49	EN	Bouygues SA	Pair Corr
0.49	NYVC	CH Karnchang Public Earnings Call This Week	Pair Corr
0.47	ACA	Arcosa Inc	Pair Corr
0.45	DY	Dycom Industries	Pair Corr
0.45	APG	Api Group Corp	Pair Corr
0.44	T5R	Tcnicas Reunidas	Pair Corr
0.43	1PM	Primoris Services Earnings Call This Week	Pair Corr
0.37	AGX	Argan Inc	Pair Corr
0.35	OCI1	ACS Actividades de Earnings Call This Week	Pair Corr
0.35	7HL	Hill Smith Holdings	Pair Corr
0.32	OCI	ACS ADE CADR Split	Pair Corr
0.59	FER	Ferrovial SE Earnings Call This Week	Pair Corr
0.52	EOB	Arcosa Inc	Pair Corr
0.49	0OM	Orion Group Holdings	Pair Corr
0.48	PWR	Quanta Services Earnings Call Tomorrow	Pair Corr
0.48	CYA	Chiyoda	Pair Corr
0.47	FIX	Comfort Systems USA Earnings Call Tomorrow	Pair Corr
0.46	EME	EMCOR Group	Pair Corr
0.43	ORN	Orion Group Holdings	Pair Corr

Related Correlations Analysis

	OPAL	VGAS	WAVE	RAIN	VIASP	ADN	HTOO	CREG	BNRG
OPAL		0.05	-0.12	0.12	0.07	-0.12	0.54	0.06	-0.01	OPAL
VGAS	0.05		0.81	0.6	-0.8	0.67	0.23	0.13	0.84	VGAS
WAVE	-0.12	0.81		0.59	-0.84	0.86	0.11	0.3	0.93	WAVE
RAIN	0.12	0.6	0.59		-0.78	0.37	0.12	-0.21	0.6	RAIN
VIASP	0.07	-0.8	-0.84	-0.78		-0.78	0.03	0.08	-0.89	VIASP
ADN	-0.12	0.67	0.86	0.37	-0.78		-0.15	0.21	0.93	ADN
HTOO	0.54	0.23	0.11	0.12	0.03	-0.15		0.15	0.02	HTOO
CREG	0.06	0.13	0.3	-0.21	0.08	0.21	0.15		0.15	CREG
BNRG	-0.01	0.84	0.93	0.6	-0.89	0.93	0.02	0.15		BNRG
	OPAL	VGAS	WAVE	RAIN	VIASP	ADN	HTOO	CREG	BNRG

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

BNRG	+ 0.93	WAVE
BNRG	+ 0.93	ADN
ADN	+ 0.86	WAVE
BNRG	+ 0.84	VGAS
WAVE	+ 0.81	VGAS
ADN	+ 0.67	VGAS

High negative correlations

BNRG	- 0.89	VIASP
VIASP	- 0.84	WAVE
VIASP	- 0.8	VGAS
ADN	- 0.78	VIASP
VIASP	- 0.78	RAIN
CREG	- 0.21	RAIN

Risk-Adjusted Indicators

There is a big difference between SolarBank Stock performing well and SolarBank Common 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 SolarBank Common'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
OPAL	4.20	(0.07)	0.00	0.02	5.45	(4.26)	11.57	(10.04)	23.34
VGAS	4.01	(1.50)	0.00	3.38	0.00	0.00	6.67	(9.20)	27.54
WAVE	2.33	(0.68)	0.00	2.66	0.00	0.00	5.70	(6.16)	17.53
RAIN	5.38	(0.67)	0.00	(1.39)	0.00	0.00	12.96	(14.38)	48.65
VIASP	0.28	0.03	(0.02)	3.27	0.26	(0.33)	0.68	(0.69)	2.04
ADN	7.53	(2.16)	0.00	(0.59)	0.00	0.00	9.09	(12.28)	97.06
HTOO	3.83	(0.30)	0.00	(0.09)	0.00	0.00	7.51	(7.95)	21.24
CREG	3.38	(0.13)	0.00	2.91	0.00	0.00	7.14	(6.99)	25.57
BNRG	6.41	(2.56)	0.00	(0.84)	0.00	0.00	14.08	(16.94)	40.49

SolarBank Common Corporate Management

Sam MBA	Chief Officer	Profile
Andrew PE	Chief Officer	Profile
Xiaohong MBA	Chief Officer	Profile
Olen JD	General Counsel	Profile
Matthew Wayrynen	Executive Chair	Profile

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