Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Solar stocks up 2.5% on average while median return up 2.2% in a day
- Solar stocks up 14.9% on average while median return up 14.1% in a week
- Solar stocks up 18.8% on average while median return up 15.7% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes
- 1M winners are : Winners for past month are $SPWR 42.2%, $ENPH 34.1%, $TAN 21.0%, $RUN 20.7%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $RUN 19.8%, $SEDG 18.5%, $SPWR 17.6%, $JKS 15.3%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 67.7%, for the past 3 months is 64.6%
In the past month for a 5 days rolling window, the highest corrrelation is 92.9%, the lowest correlation is -5.0%, the latest correlation is 81.6%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 88.0% between SPWR and TAN
The lowest correlation is 40.6% between FSLR and SEDG
Stock news
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the resignation of Mr. Zhiqun Xu as the Company's Chief Operating Officer and the appointment of Dr. Jiun-Hua Allen Guo as the Company's new Chief Operating Officer. Dr. Guo, who currently serves as the Company's vice president for Quality System, will assume his new role and responsibilities immediately. Mr. Xu will be leaving...
Cross Country, Alkaline Water, Enphase Energy, Canadian Solar and TOTAL as Zacks Bull and Bear of the Day
Canadian Solar's (CSIQ) backlog of solar projects in Brazil with PPAs (or equivalent) increases to almost 2.2 gigawatt-peak (GWp) with the latest agreements.
Through Donations, Partnerships and Programs Across the Country, Sunrun will Expand Access to Solar Energy Savings and JobsSAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Sunrun, the nation’s leading residential solar, storage and energy services provider today announces five environmental justice initiatives to expand access to solar and its benefits. The efforts include advocating for more social equity in solar policies, removing financial barriers to solar, and hiring from disadvantaged com...
Clearway Energy (CWEN) is set to raise its stake to 51% in the 290-MW Agua Caliente solar project by acquiring an additional 35% interest in the same for $202 million.
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it recently signed a power purchase agreement ("PPA") with BTG Pactual ("BTG", B3: BPAC11) and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas ("Furnas") for a total of 862 MWp in solar power projects in Brazil.
As you might know, Canadian Solar Inc. (NASDAQ:CSIQ) recently reported its third-quarter numbers. Canadian Solar beat...
You can make the argument that JinkoSolar (NYSE:JKS) stock is more than just an investment based off the U.S. presidential election. After all, while the POTUS is practically considered the most powerful person in the world, the world is more than just the U.S. Source: Lutsenko_Oleksandr / Shutterstock.com That’s especially true when you look at the broader economy. Interest in solar energy is not exclusively limited to Americans, theoretically giving JKS stock insulation from Washington’s dra...
The solar energy market in Thailand, Vietnam, Philippines, Malaysia and other countries has been steadily growing and witnessing a rise in the addition of solar projects.