Soluna Holdings Correlations

SLNH Stock

USD 0.58 0.06 9.22%

The current 90-days correlation between Soluna Holdings and 9F Inc is 0.18 (i.e., Average diversification). The correlation of Soluna Holdings 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.

Soluna Holdings Correlation With Market

Significant diversification

The correlation between Soluna Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soluna Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Soluna Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Soluna Holdings. 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 more detail on how to invest in Soluna Stock please use our How to Invest in Soluna Holdings guide.

Moving against Soluna Stock

0.48	GB	Global Blue Group	Pair Corr
0.33	WKEY	Wisekey International	Pair Corr
0.32	BB	BlackBerry	Pair Corr
0.32	ZS	Zscaler	Pair Corr

Related Correlations Analysis

	SLNHP	JFU	DTST	MIGI	WULF	HCTI
SLNHP		-0.06	0.34	0.37	-0.14	0.4	SLNHP
JFU	-0.06		0.35	0.14	0.74	-0.39	JFU
DTST	0.34	0.35		0.34	0.36	-0.12	DTST
MIGI	0.37	0.14	0.34		-0.06	0.17	MIGI
WULF	-0.14	0.74	0.36	-0.06		-0.72	WULF
HCTI	0.4	-0.39	-0.12	0.17	-0.72		HCTI
	SLNHP	JFU	DTST	MIGI	WULF	HCTI

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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

WULF	+ 0.74	JFU
HCTI	+ 0.4	SLNHP
MIGI	+ 0.37	SLNHP
WULF	+ 0.36	DTST
DTST	+ 0.35	JFU
DTST	+ 0.34	SLNHP

High negative correlations

HCTI	- 0.72	WULF
HCTI	- 0.39	JFU
WULF	- 0.14	SLNHP
HCTI	- 0.12	DTST
WULF	- 0.06	MIGI
JFU	- 0.06	SLNHP

Risk-Adjusted Indicators

There is a big difference between Soluna Stock performing well and Soluna Holdings 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 Soluna Holdings' 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
SLNHP	6.19	0.15	0.00	6.17	7.54	(8.02)	20.56	(13.60)	48.92
JFU	4.09	0.85	0.11	(1.92)	4.36	(5.14)	10.37	(8.64)	26.54
DTST	3.29	0.60	0.21	0.58	2.64	(4.03)	4.68	(5.26)	65.67
MIGI	5.75	0.24	0.09	0.25	5.66	(7.53)	18.33	(10.53)	42.43
WULF	5.44	0.84	0.27	0.40	4.22	(6.82)	15.53	(8.75)	27.45
HCTI	16.95	1.50	0.07	0.98	19.99	(26.05)	30.05	(22.22)	258.42

Soluna Holdings Corporate Management

Kim Lloyd	Marketing Instruments	Profile
Dipul Patel	Chief Computing	Profile
Chase Stowell	Controller	Profile
George Relan	Global Instruments	Profile

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