Sunworks Correlations

SUNWQ Stock

0.0001 0.00 0.00%

The correlation of Sunworks 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.

Sunworks Correlation With Market

Significant diversification

The correlation between Sunworks and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunworks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sunworks Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunworks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in Sunworks Stock, please use our How to Invest in Sunworks guide.

Moving against Sunworks Stock

0.54	XYZ	Block, Inc Symbol Change	Pair Corr
0.49	XISHY	Xinyi Solar Holdings Upward Rally	Pair Corr
0.37	PDD	PDD Holdings	Pair Corr
0.36	XNYIF	Xinyi Solar Holdings	Pair Corr
0.34	FSLR	First Solar	Pair Corr
0.43	NVDA	NVIDIA Aggressive Push	Pair Corr
0.37	PLTR	Palantir Technologies	Pair Corr
0.33	SGI	Somnigroup International Symbol Change	Pair Corr
0.31	CANN	General Cannabis Corp	Pair Corr
0.54	METCB	Ramaco Resources	Pair Corr
0.44	GXLM	Grayscale Stellar Lumens Downward Rally	Pair Corr
0.41	ACR	Acres Commercial Realty	Pair Corr

Related Correlations Analysis

	NPNTQ	ATGN	CCHMF	BCOMF	EUTLF	AAMCF	XIAXF
NPNTQ		0.0	-1.0	0.0	0.0	0.0	0.0	NPNTQ
ATGN	0.0		0.0	0.05	-0.55	-0.54	0.6	ATGN
CCHMF	-1.0	0.0		0.0	0.0	0.0	0.0	CCHMF
BCOMF	0.0	0.05	0.0		0.09	0.2	-0.08	BCOMF
EUTLF	0.0	-0.55	0.0	0.09		0.6	-0.58	EUTLF
AAMCF	0.0	-0.54	0.0	0.2	0.6		-0.79	AAMCF
XIAXF	0.0	0.6	0.0	-0.08	-0.58	-0.79		XIAXF
	NPNTQ	ATGN	CCHMF	BCOMF	EUTLF	AAMCF	XIAXF

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

XIAXF	+ 0.6	ATGN
AAMCF	+ 0.6	EUTLF
AAMCF	+ 0.2	BCOMF
EUTLF	+ 0.09	BCOMF
BCOMF	+ 0.05	ATGN
ATGN	+ 0.0	NPNTQ

High negative correlations

CCHMF	- 1.0	NPNTQ
XIAXF	- 0.79	AAMCF
XIAXF	- 0.58	EUTLF
EUTLF	- 0.55	ATGN
AAMCF	- 0.54	ATGN
XIAXF	- 0.08	BCOMF

Risk-Adjusted Indicators

There is a big difference between Sunworks Stock performing well and Sunworks 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 Sunworks' 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
NPNTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATGN	2.24	0.07	0.01	0.31	2.69	(2.94)	4.92	(5.97)	17.75
CCHMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCOMF	1.34	0.38	0.00	(8.72)	0.00	0.00	8.41	0.00	36.11
EUTLF	3.38	(0.01)	0.02	0.06	4.35	(3.44)	7.32	(6.40)	18.74
AAMCF	1.08	(0.42)	0.00	(2.69)	0.00	0.00	2.27	0.00	24.49
XIAXF	1.89	0.30	0.00	0.15	0.00	0.00	0.00	0.00	63.03

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC