Solar AS Correlations

ZVR Stock

EUR 26.60 0.25 0.95%

The current 90-days correlation between Solar AS and Rexel SA is -0.18 (i.e., Good diversification). The correlation of Solar AS 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.

Solar AS Correlation With Market

Modest diversification

The correlation between Solar AS and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solar AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Solar AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Solar AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Solar AS to buy it.

Moving together with Solar Stock

0.62	VNI	Avnet Inc	Pair Corr
0.61	T9Z	Zumtobel Group AG	Pair Corr
0.65	TDJ	Tanaka CoLtd	Pair Corr

Moving against Solar Stock

0.34	E7V	Rexel SA	Pair Corr
0.74	0Q2	Q2 Holdings	Pair Corr
0.63	LLY	Eli Lilly	Pair Corr
0.48	GAP	Gap	Pair Corr
0.45	ONK	ONEOK Inc	Pair Corr
0.41	SCTA	SSE PLC ADR	Pair Corr
0.36	AIX2	AIXTRON SE	Pair Corr
0.58	1KG	Kainos Group plc	Pair Corr
0.48	S9L	FERRAGAMO	Pair Corr
0.42	MKO	Capri Holdings	Pair Corr

Related Correlations Analysis

	E7V	VNI	NKT	ZVR	T9Z	7C3	NVAI	TDJ
E7V		-0.13	0.81	-0.34	-0.45	0.67	-0.85	0.32	E7V
VNI	-0.13		-0.04	0.62	0.7	0.2	0.03	0.47	VNI
NKT	0.81	-0.04		-0.22	-0.33	0.6	-0.65	0.27	NKT
ZVR	-0.34	0.62	-0.22		0.61	0.12	0.12	0.65	ZVR
T9Z	-0.45	0.7	-0.33	0.61		-0.11	0.46	0.21	T9Z
7C3	0.67	0.2	0.6	0.12	-0.11		-0.72	0.69	7C3
NVAI	-0.85	0.03	-0.65	0.12	0.46	-0.72		-0.54	NVAI
TDJ	0.32	0.47	0.27	0.65	0.21	0.69	-0.54		TDJ
	E7V	VNI	NKT	ZVR	T9Z	7C3	NVAI	TDJ

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

NKT	+ 0.81	E7V
T9Z	+ 0.7	VNI
TDJ	+ 0.69	7C3
7C3	+ 0.67	E7V
TDJ	+ 0.65	ZVR
ZVR	+ 0.62	VNI

High negative correlations

NVAI	- 0.85	E7V
NVAI	- 0.72	7C3
NVAI	- 0.65	NKT
TDJ	- 0.54	NVAI
T9Z	- 0.45	E7V
ZVR	- 0.34	E7V

Risk-Adjusted Indicators

There is a big difference between Solar Stock performing well and Solar AS 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 Solar AS'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
E7V	1.22	0.32	0.13	(1.12)	1.21	(1.31)	2.94	(2.50)	7.69
VNI	1.27	(0.01)	(0.05)	0.06	1.43	(1.63)	2.52	(2.54)	6.82
NKT	1.85	0.10	0.03	0.25	2.14	(1.91)	3.56	(3.55)	25.71
ZVR	1.26	(0.04)	(0.05)	0.00	1.65	(1.23)	2.60	(2.62)	6.72
T9Z	1.70	(0.22)	0.00	(0.61)	0.00	0.00	4.19	(3.67)	10.88
7C3	2.97	0.50	0.09	0.75	3.47	(4.08)	7.14	(6.67)	17.01
NVAI	1.31	(0.35)	0.00	1.13	0.00	0.00	1.64	(2.78)	10.00
TDJ	0.95	0.07	(0.01)	0.70	1.18	(1.39)	2.50	(1.37)	9.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Solar AS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Anywhere Now

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Solar AS Corporate Management

Elected by the shareholders, the Solar AS's board of directors comprises two types of representatives: Solar AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solar. The board's role is to monitor Solar AS's management team and ensure that shareholders' interests are well served. Solar AS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Solar AS's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anders Odgaar	VP CIO	Profile
Jan Fjellvr	VP Norway	Profile
Jens Andersen	MD CEO	Profile
Charlotte Krfting	Director Relations	Profile
Dennis Callesen	Director Relations	Profile
Anders Koppel	VP Sweden	Profile
Dariusz Targosz	VP Poland	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC