Fluence Energy Correlations

FLNC Stock

USD 8.96 0.72 8.74%

The current 90-days correlation between Fluence Energy and Enlight Renewable Energy is 0.1 (i.e., Average diversification). The correlation of Fluence 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.

Fluence Energy Correlation With Market

Weak diversification

The correlation between Fluence Energy and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluence Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fluence Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fluence Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Fluence Stock refer to our How to Trade Fluence Stock guide.

Moving together with Fluence Stock

0.82	ELLO	Ellomay Capital	Pair Corr
0.95	ENLT	Enlight Renewable Energy	Pair Corr
0.79	BEP	Brookfield Renewable	Pair Corr
0.69	CEG	Constellation Energy Corp	Pair Corr
0.89	ORA	Ormat Technologies	Pair Corr
0.87	RNW	Renew Energy Global	Pair Corr
0.72	BEP-PA	Brookfield Renewable	Pair Corr
0.88	BEPC	Brookfield Renewable Corp	Pair Corr
0.79	CWEN	Clearway Energy Class	Pair Corr
0.89	J	Jacobs Solutions	Pair Corr
0.95	R	Ryder System Earnings Call This Week	Pair Corr
0.66	AL	Air Lease	Pair Corr
0.85	AZ	A2Z Smart Technologies	Pair Corr
0.79	BA	Boeing	Pair Corr
0.88	BE	Bloom Energy Corp	Pair Corr
0.63	BW	Babcock Wilcox Enter	Pair Corr
0.77	CR	Crane Company	Pair Corr
0.75	CW	Curtiss Wright	Pair Corr
0.75	DY	Dycom Industries	Pair Corr

Moving against Fluence Stock

0.86	ALCE	Alternus Energy Group	Pair Corr
0.84	NXXT	NextNRG Symbol Change	Pair Corr
0.72	HTOO	Fusion Fuel Green	Pair Corr
0.69	BNRG	Brenmiller Energy	Pair Corr
0.62	SUUN	SolarBank Common	Pair Corr
0.6	SAFX	XCF Global, Class	Pair Corr
0.31	EBR	Centrais Electricas	Pair Corr
0.66	NL	NL Industries	Pair Corr
0.47	GP	GreenPower Motor	Pair Corr
0.37	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	ENLT	RNW	ADN	NRGV	EOSE	SHLS	SYM	IOT
ENLT		0.86	-0.49	0.23	-0.16	0.8	0.96	-0.21	ENLT
RNW	0.86		-0.47	0.37	-0.02	0.8	0.92	-0.06	RNW
ADN	-0.49	-0.47		0.05	0.07	-0.17	-0.52	0.4	ADN
NRGV	0.23	0.37	0.05		0.22	0.6	0.21	0.64	NRGV
EOSE	-0.16	-0.02	0.07	0.22		0.07	-0.1	0.39	EOSE
SHLS	0.8	0.8	-0.17	0.6	0.07		0.77	0.14	SHLS
SYM	0.96	0.92	-0.52	0.21	-0.1	0.77		-0.26	SYM
IOT	-0.21	-0.06	0.4	0.64	0.39	0.14	-0.26		IOT
	ENLT	RNW	ADN	NRGV	EOSE	SHLS	SYM	IOT

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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

SYM	+ 0.96	ENLT
SYM	+ 0.92	RNW
RNW	+ 0.86	ENLT
SHLS	+ 0.8	ENLT
SHLS	+ 0.8	RNW
SYM	+ 0.77	SHLS

High negative correlations

SYM	- 0.52	ADN
ADN	- 0.49	ENLT
ADN	- 0.47	RNW
IOT	- 0.26	SYM
IOT	- 0.21	ENLT
SHLS	- 0.17	ADN

Risk-Adjusted Indicators

There is a big difference between Fluence Stock performing well and Fluence 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 Fluence 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
ENLT	2.10	0.69	0.30	1.03	1.69	(2.54)	5.39	(3.15)	11.27
RNW	1.43	0.28	0.16	0.60	1.24	(1.75)	3.31	(2.24)	12.16
ADN	4.90	(0.29)	0.00	1.52	0.00	0.00	14.69	(11.42)	54.82
NRGV	4.75	0.71	0.06	(0.23)	4.91	(6.26)	10.14	(8.99)	53.41
EOSE	5.40	0.66	0.11	0.83	5.80	(6.71)	15.98	(7.68)	57.17
SHLS	4.05	0.89	0.13	1.95	5.43	(4.41)	9.51	(4.87)	42.33
SYM	3.38	1.36	0.48	0.92	2.19	(4.17)	10.06	(3.98)	20.78
IOT	1.84	(0.05)	(0.01)	0.09	2.61	(1.75)	3.84	(4.05)	11.53

Fluence Energy Corporate Management

Samuel Chong	Treasurer VP	Profile
Michelle Philpotas	Chief Officer	Profile
Larissa Cerqueira	Chief VP	Profile
Rebecca Boll	Senior Officer	Profile
Paul McCusker	Senior EMEA	Profile

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