SUNation Energy Correlations

SUNE Stock

1.82 0.06 3.41%

The current 90-days correlation between SUNation Energy and Sligro Food Group is -0.16 (i.e., Good diversification). The correlation of SUNation 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.

SUNation Energy Correlation With Market

Modest diversification

The correlation between SUNation Energy and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUNation Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SUNation Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation 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 SUNation Stock refer to our How to Trade SUNation Stock guide.

Moving together with SUNation Stock

0.64

Mistras Group

Pair Corr

Moving against SUNation Stock

0.73	AL	Air Lease	Pair Corr
0.7	BA	Boeing	Pair Corr
0.69	CR	Crane Company	Pair Corr
0.68	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.66	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.66	BV	BrightView Holdings	Pair Corr
0.65	GTEC	Greenland Acquisition	Pair Corr
0.65	CW	Curtiss Wright	Pair Corr
0.64	DY	Dycom Industries	Pair Corr
0.63	DE	Deere Company	Pair Corr
0.62	MVST	Microvast Holdings Buyout Trend	Pair Corr
0.62	IR	Ingersoll Rand	Pair Corr
0.62	LZ	LegalZoom	Pair Corr
0.61	TOYO	TOYO Co,	Pair Corr
0.59	AP	Ampco Pittsburgh	Pair Corr
0.59	FA	First Advantage Corp	Pair Corr
0.58	MMM	3M Company	Pair Corr
0.58	J	Jacobs Solutions	Pair Corr
0.56	BW	Babcock Wilcox Enter	Pair Corr
0.56	CP	Canadian Pacific Railway	Pair Corr
0.5	AZ	A2Z Smart Technologies	Pair Corr
0.49	HY	Hyster Yale Materials	Pair Corr
0.44	R	Ryder System Earnings Call This Week	Pair Corr
0.38	BE	Bloom Energy Corp	Pair Corr
0.33	EH	Ehang Holdings	Pair Corr
0.74	DLHC	DLH Holdings Corp	Pair Corr
0.7	BA-PA	Boeing	Pair Corr
0.67	TG	Tredegar	Pair Corr
0.67	VLTO	Veralto	Pair Corr
0.66	PH	Parker Hannifin	Pair Corr
0.64	SB-PD	Safe Bulkers	Pair Corr
0.63	VSEC	VSE Corporation	Pair Corr
0.6	UP	Wheels Up Experience	Pair Corr

Related Correlations Analysis

	SIGRF	INGR	LFVN	GLMFF	ALFDF	MAT	NIPMY	ANDE
SIGRF		0.68	0.28	0.58	0.55	0.8	0.0	-0.13	SIGRF
INGR	0.68		-0.01	0.38	0.19	0.84	0.0	-0.45	INGR
LFVN	0.28	-0.01		0.15	0.18	0.12	0.0	0.3	LFVN
GLMFF	0.58	0.38	0.15		0.67	0.67	0.0	0.02	GLMFF
ALFDF	0.55	0.19	0.18	0.67		0.52	0.0	0.44	ALFDF
MAT	0.8	0.84	0.12	0.67	0.52		0.0	-0.2	MAT
NIPMY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NIPMY
ANDE	-0.13	-0.45	0.3	0.02	0.44	-0.2	0.0		ANDE
	SIGRF	INGR	LFVN	GLMFF	ALFDF	MAT	NIPMY	ANDE

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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

MAT	+ 0.84	INGR
MAT	+ 0.8	SIGRF
INGR	+ 0.68	SIGRF
ALFDF	+ 0.67	GLMFF
MAT	+ 0.67	GLMFF
GLMFF	+ 0.58	SIGRF

High negative correlations

ANDE	- 0.45	INGR
ANDE	- 0.2	MAT
ANDE	- 0.13	SIGRF
LFVN	- 0.01	INGR
ANDE	- 0.0	NIPMY
NIPMY	- 0.0	MAT

Risk-Adjusted Indicators

There is a big difference between SUNation Stock performing well and SUNation 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 SUNation 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
SIGRF	0.03	0.00	0.00	0.38	0.00	0.00	0.00	0.00	0.93
INGR	0.86	(0.03)	(0.10)	0.06	0.99	(0.92)	1.84	(1.77)	6.11
LFVN	2.61	(0.24)	0.00	(0.09)	0.00	0.00	5.30	(5.35)	13.79
GLMFF	1.14	0.62	0.00	(2.00)	0.00	0.00	0.00	0.00	18.18
ALFDF	0.05	0.02	0.00	(0.27)	0.00	0.00	0.00	0.00	1.65
MAT	1.52	0.19	0.16	0.26	1.24	(1.80)	3.53	(2.36)	12.80
NIPMY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANDE	1.56	(0.16)	0.00	(0.07)	0.00	0.00	3.25	(2.82)	12.61

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