Solid Power Correlations

Stocks . USA . 
Stock . Solid Power
SLDP Stock  USD 3.77  0.55  17.08%   
The current 90-days correlation between Solid Power and Microvast Holdings is 0.32 (i.e., Weak diversification). The correlation of Solid Power 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Solid Power Correlation With Market

Average diversification

The correlation between Solid Power and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solid Power and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Solid Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solid Power. 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.
To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.

Moving together with Solid Stock

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  0.72TOYO TOYO Co,PairCorr
  0.94MB MasterBeef Group OrdinaryPairCorr
  0.75OI O I GlassPairCorr
  0.79EFOI Energy FocuPairCorr
  0.63F-PB Ford MotorPairCorr
  0.64F-PC Ford MotorPairCorr
  0.64WBUY WEBUY GLOBAL LTD Downward RallyPairCorr
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  0.86FIGS Figs IncPairCorr
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  0.73AIN Albany InternationalPairCorr
  0.79CCK Crown Holdings Earnings Call This WeekPairCorr
  0.92CYD China Yuchai InternaPairCorr

Moving against Solid Stock

  0.64VIRC Virco ManufacturingPairCorr
  0.44FBYD Falcons Beyond Global,PairCorr
  0.43ELPW Elong Power HoldingPairCorr
  0.79FRSX Foresight AutonomousPairCorr
  0.71FUN Six Flags EntertainmentPairCorr
  0.55CHA Chagee Holdings Downward RallyPairCorr
  0.46GPK Graphic Packaging HoldingPairCorr
  0.37FAT FAT BrandsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Solid Stock performing well and Solid Power 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 Solid Power'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.

Solid Power Corporate Management

David JansenPres ChairmanProfile
Berislav BlizanacExecutive TechnologiesProfile
Jennifer AlmquistInvestor RelationsProfile
Derek JohnsonChief OfficerProfile
Ramelle GillilandExecutive ManagementProfile
Hyungrak KimExecutive TechnologiesProfile
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