SolarBank Common Correlations

SUUN Stock

1.83 0.23 14.37%

The current 90-days correlation between SolarBank Common and Verde Clean Fuels is -0.03 (i.e., Good 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.

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Related Correlations Analysis

	OPAL	VGAS	WAVE	RAIN	VIASP	ADN	HTOO	CREG	BNRG
OPAL		-0.23	-0.22	0.03	0.22	-0.29	0.54	0.06	-0.09	OPAL
VGAS	-0.23		0.82	0.23	-0.72	0.85	0.16	-0.16	0.89	VGAS
WAVE	-0.22	0.82		0.3	-0.76	0.83	0.06	0.06	0.92	WAVE
RAIN	0.03	0.23	0.3		-0.61	0.12	-0.11	-0.52	0.35	RAIN
VIASP	0.22	-0.72	-0.76	-0.61		-0.5	0.21	0.34	-0.79	VIASP
ADN	-0.29	0.85	0.83	0.12	-0.5		0.22	0.13	0.83	ADN
HTOO	0.54	0.16	0.06	-0.11	0.21	0.22		0.06	0.13	HTOO
CREG	0.06	-0.16	0.06	-0.52	0.34	0.13	0.06		-0.09	CREG
BNRG	-0.09	0.89	0.92	0.35	-0.79	0.83	0.13	-0.09		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	+ 0.92	WAVE
BNRG	+ 0.89	VGAS
ADN	+ 0.85	VGAS
ADN	+ 0.83	WAVE
BNRG	+ 0.83	ADN
WAVE	+ 0.82	VGAS

High negative correlations

BNRG	- 0.79	VIASP
VIASP	- 0.76	WAVE
VIASP	- 0.72	VGAS
VIASP	- 0.61	RAIN
CREG	- 0.52	RAIN
ADN	- 0.5	VIASP

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	4.16	(0.25)	0.00	(0.03)	0.00	0.00	10.89	(10.04)	23.34
VGAS	3.21	(0.44)	0.00	(15.89)	0.00	0.00	6.11	(8.24)	17.48
WAVE	2.48	(0.60)	0.00	(7.16)	0.00	0.00	6.06	(5.98)	16.43
RAIN	5.07	(0.89)	0.00	(0.62)	0.00	0.00	11.31	(14.38)	48.65
VIASP	0.32	0.04	(0.06)	(2.64)	0.29	(0.38)	0.89	(0.69)	2.13
ADN	7.53	(1.78)	0.00	0.59	0.00	0.00	9.09	(12.28)	97.06
HTOO	4.02	(0.37)	0.00	(0.09)	0.00	0.00	6.72	(9.43)	21.24
CREG	3.61	0.05	0.01	0.14	4.16	(3.94)	7.41	(6.99)	25.57
BNRG	5.09	(1.67)	0.00	(1.60)	0.00	0.00	6.86	(15.64)	39.05

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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