SolarEdge Technologies Correlations

SolarEdge Technologies Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SolarEdge Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in SolarEdge Stock please use our How to Invest in SolarEdge Technologies guide.

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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    RUN + 0.79 FSLR CSIQ + 0.72 FSLR CSIQ + 0.59 RUN SPWR + 0.43 ENPH SPWR + 0.34 RUN RUN + 0.19 ENPH

High negative correlations    CSIQ - 0.51 ENPH FSLR - 0.25 ENPH

Risk-Adjusted Indicators

There is a big difference between SolarEdge Stock performing well and SolarEdge Technologies 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 SolarEdge Technologies' 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.