FTC Solar Correlations

FTCI Stock

USD 5.05 0.22 4.55%

The current 90-days correlation between FTC Solar and Maxeon Solar Technologies is 0.5 (i.e., Very 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

Very weak diversification

The correlation between FTC Solar and DJI is 0.43 (i.e., Very weak 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 main economic indicators.

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

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0.89	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.95	NVDA	NVIDIA Aggressive Push	Pair Corr
0.87	NVMI	Nova	Pair Corr
0.86	OLED	Universal Display	Pair Corr
0.95	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.79	AMBA	Ambarella	Pair Corr
0.96	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.86	CAMT	Camtek	Pair Corr
0.9	VRRM	Verra Mobility Corp	Pair Corr
0.66	ENLV	Enlivex Therapeutics	Pair Corr
0.84	FRGE	Forge Global Holdings	Pair Corr
0.9	IBM	International Business Earnings Call This Week	Pair Corr
0.89	LPL	LG Display Earnings Call This Week	Pair Corr
0.86	ITRN	Ituran Location	Pair Corr
0.94	LITE	Lumentum Holdings	Pair Corr
0.86	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.73	AVPTW	AvePoint	Pair Corr
0.7	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.75	RGTIW	Rigetti Computing Trending	Pair Corr
0.81	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.9	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.85	RDWR	Radware	Pair Corr
0.76	RGTI	Rigetti Computing Trending	Pair Corr
0.86	AAOI	Applied Opt	Pair Corr

Moving against FTC Stock

0.58	ARQQW	Arqit Quantum Warrants	Pair Corr
0.35	MAPSW	WM Technology	Pair Corr
0.48	QMCO	Quantum	Pair Corr
0.34	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	MAXN	NXT	SHLS	ARRY	AVAH	FLNC	AGFY	SHYF
MAXN		0.45	0.55	0.5	0.01	0.57	0.27	0.29	MAXN
NXT	0.45		0.86	0.92	0.12	0.74	0.66	0.78	NXT
SHLS	0.55	0.86		0.86	0.05	0.79	0.67	0.67	SHLS
ARRY	0.5	0.92	0.86		0.34	0.57	0.75	0.55	ARRY
AVAH	0.01	0.12	0.05	0.34		-0.39	0.51	-0.38	AVAH
FLNC	0.57	0.74	0.79	0.57	-0.39		0.33	0.86	FLNC
AGFY	0.27	0.66	0.67	0.75	0.51	0.33		0.26	AGFY
SHYF	0.29	0.78	0.67	0.55	-0.38	0.86	0.26		SHYF
	MAXN	NXT	SHLS	ARRY	AVAH	FLNC	AGFY	SHYF

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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

ARRY	+ 0.92	NXT
SHLS	+ 0.86	NXT
ARRY	+ 0.86	SHLS
SHYF	+ 0.86	FLNC
FLNC	+ 0.79	SHLS
SHYF	+ 0.78	NXT

High negative correlations

FLNC	- 0.39	AVAH
SHYF	- 0.38	AVAH

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
MAXN	5.07	0.08	0.05	0.16	5.81	(5.69)	12.54	(9.79)	35.36
NXT	2.61	0.55	0.21	0.83	2.09	(3.28)	6.83	(3.70)	18.67
SHLS	4.05	0.89	0.13	1.95	5.43	(4.41)	9.51	(4.87)	42.33
ARRY	4.41	0.87	0.16	1.55	4.30	(5.44)	11.93	(8.39)	34.42
AVAH	2.49	(0.48)	0.00	(0.10)	0.00	0.00	4.26	(4.84)	24.91
FLNC	3.97	1.05	0.35	0.63	2.96	(5.23)	9.39	(5.53)	30.77
AGFY	5.96	0.60	0.10	0.58	5.60	(6.84)	16.48	(8.90)	47.22
SHYF	2.93	0.45	0.14	0.50	3.13	(3.35)	5.04	(6.16)	32.72

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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