FTC Solar Correlations

FTCI Stock

USD 8.61 0.11 1.26%

The current 90-days correlation between FTC Solar and Sunrun Inc is 0.32 (i.e., Weak diversification). The correlation of FTC Solar 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.

FTC Solar Correlation With Market

Average diversification

The correlation between FTC Solar and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTC Solar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FTC Stock

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

For more detail on how to invest in FTC Stock please use our How to Invest in FTC Solar guide.

Moving together with FTC Stock

0.84	688123	Giantec Semiconductor	Pair Corr
0.88	603986	GigaDevice SemiconductorBei	Pair Corr
0.74	688403	Union Semiconductor	Pair Corr
0.76	600206	Grinm Advanced Materials	Pair Corr
0.72	ICHR	Ichor Holdings Earnings Call This Week	Pair Corr
0.77	IMOS	ChipMOS Technologies Earnings Call This Week	Pair Corr
0.88	INTC	Intel Aggressive Push	Pair Corr
0.78	688172	Beijing YanDong Micr	Pair Corr
0.85	688498	Yuanjie Semiconductor	Pair Corr
0.76	688233	Thinkon Semiconductor	Pair Corr
0.82	688469	Semiconductor Manufacturing	Pair Corr
0.82	688981	Semiconductor Manufacturing Earnings Call This Week	Pair Corr
0.84	688766	Puya Semiconductor	Pair Corr
0.84	603290	StarPower Semiconductor	Pair Corr
0.8	300666	Konfoong Materials	Pair Corr
0.8	688249	Nexchip Semiconductor	Pair Corr
0.73	NVTS	Navitas Semiconductor Earnings Call This Week	Pair Corr
0.85	688525	Biwin Storage Technology	Pair Corr
0.86	300223	Ingenic Semiconductor	Pair Corr
0.87	688008	Montage Technology	Pair Corr
0.86	002156	TongFu Microelectronics	Pair Corr
0.88	ACMR	Acm Research Earnings Call This Week	Pair Corr
0.87	SIMO	Silicon Motion Technology	Pair Corr
0.82	002185	Tianshui Huatian Tec	Pair Corr

Moving against FTC Stock

0.39	ACU	Aurora Solar Technologies	Pair Corr
0.56	300046	Hubei Tech Semiconductors	Pair Corr
0.38	POWI	Power Integrations Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RUN	NOV	FRO	VVV	CNX	WFRD	CHRD	BTU	NE
RUN		0.65	0.78	-0.46	0.72	0.77	-0.59	0.8	0.61	RUN
NOV	0.65		0.7	-0.45	0.61	0.88	-0.25	0.46	0.72	NOV
FRO	0.78	0.7		-0.38	0.72	0.86	-0.44	0.69	0.79	FRO
VVV	-0.46	-0.45	-0.38		-0.74	-0.47	0.67	-0.73	-0.02	VVV
CNX	0.72	0.61	0.72	-0.74		0.75	-0.57	0.91	0.52	CNX
WFRD	0.77	0.88	0.86	-0.47	0.75		-0.33	0.63	0.75	WFRD
CHRD	-0.59	-0.25	-0.44	0.67	-0.57	-0.33		-0.76	-0.07	CHRD
BTU	0.8	0.46	0.69	-0.73	0.91	0.63	-0.76		0.39	BTU
NE	0.61	0.72	0.79	-0.02	0.52	0.75	-0.07	0.39		NE
	RUN	NOV	FRO	VVV	CNX	WFRD	CHRD	BTU	NE

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

BTU	+ 0.91	CNX
WFRD	+ 0.88	NOV
WFRD	+ 0.86	FRO
BTU	+ 0.8	RUN
NE	+ 0.79	FRO
FRO	+ 0.78	RUN

High negative correlations

BTU	- 0.76	CHRD
CNX	- 0.74	VVV
BTU	- 0.73	VVV
CHRD	- 0.59	RUN
CHRD	- 0.57	CNX
WFRD	- 0.47	VVV

Risk-Adjusted Indicators

There is a big difference between FTC Stock performing well and FTC Solar 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 FTC Solar'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
RUN	4.35	1.12	0.32	1.22	2.85	(5.89)	11.35	(5.40)	40.30
NOV	1.77	0.13	0.09	0.17	1.86	(2.05)	4.72	(2.93)	11.98
FRO	1.89	0.45	0.15	(3.96)	1.97	(2.07)	3.94	(3.45)	11.18
VVV	1.19	(0.19)	0.00	(0.07)	0.00	0.00	2.97	(2.46)	8.92
CNX	1.17	0.08	0.02	0.26	1.71	(1.15)	2.49	(2.42)	8.21
WFRD	1.87	0.22	0.12	0.26	1.82	(2.08)	4.58	(3.68)	11.27
CHRD	1.59	(0.39)	0.00	(0.28)	0.00	0.00	3.73	(4.05)	9.62
BTU	3.07	0.78	0.21	1.00	2.92	(3.37)	8.85	(4.92)	19.56
NE	2.07	0.05	0.05	0.12	2.33	(2.43)	4.65	(4.14)	14.84

FTC Solar Corporate Management

Kristian Nolde	Vice Strategy	Profile
Bill Michalek	Vice Communications	Profile
Phelps Morris	Chief Officer	Profile
Jacob Esq	General Secretary	Profile
Cathy CPA	Chief Officer	Profile
Giselle Phan	Chief Officer	Profile
Nagendra Cherukupalli	Chief Officer	Profile

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