MARKET COMPOSITE
Solar Stocks28-00-2024 20:00:00 PM
Price
$54.14
+ 1.13%
The list of companies include FSLR-First Solar Inc, CSIQ-Canadian Solar Inc, SEDG-Solaredge Technologies Inc, ENPH-Enphase Energy Inc, SPWR-Sunpower Corp, SUNW-Sunworks Inc, MAXN-Maxeon Solar Technologies Ltd, ARRY-Array Technologies Inc, BEEM-Beam Global, NOVA-Sunnova Energy International Inc, SPI-SPI Energy Co Ltd, TSLA-Tesla Inc, VVPR-VivoPower International PLC
* Latest intraday update before market close @ 19:45:34 PM 05/28/2024
Summary
:
Average return is up 1.0%
Median return is up 1.2%
9 out of 14 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
ENPH + 3.5%NOVA + 3.6%SEDG + 3.9%MAXN + 4.8%CSIQ + 5.0%

Aggregated price index with volume information

Summary:

  • The momentum of the sector is very strong.
  • Solar stocks up 1.1% on average while median return up 1.7% in a day
  • Solar stocks up 11.1% on average while median return up 9.2% in a week
  • Solar stocks up 23.2% on average while median return up 13.7% 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 (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
MAXN5.6%
10.7%
53.1%
1.04172.5M12%33%57\/-\189-0.6%
CSIQ4.8%
21.4%
25.9%
6.672.531.500.63-79%1.3B17%51%63/-\226-0.3%
SEDG4.1%
2.6%
-14.1%
-10.843.0112.489.58-29%2.9B5%83%42/-\226-0.4%
NOVA3.7%
7.7%
11.7%
-1.32-0.084.6122.35554.2M9%97%51/-\226-0.3%
ENPH3.4%
14.0%
15.6%
66.032.0930.7125.85-54%17.6B4%70%64/-451-0.1%
JKS2.2%
18.5%
17.8%
0.540.180.051.5B49%61/-\226-0.2%
SPWR2.1%
5.7%
49.7%
12.14-2.8712.153.84522.9M19%35%54/-451-0.2%
FSLR1.2%
42.7%
56.8%
29.36-2.051.442.74131%30B8%84%88/\Above resistance226-0.1%
ARRY-0.7%
25.6%
8.8%
33.8322.892.362B9%80%58\/-\182-0.3%
TSLA-1.4%
1.0%
5.0%
45.193.6526.0816.712638%553.7B5%43%51-\/\139-0.2%
BEEM-1.9%
-5.9%
-6.6%
50.4489.7M30%38%47\-451-0.1%
DQ-2.3%
6.0%
-16.0%
0.165.225.83150%1.3B62%47\-226-0.2%
SOL-5.1%
-6.1%
-2.1%
4.391.338.4032.3M36%45\-451-0.2%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.

Related ETFs (click on ticker for stock detail page)

Detail Performance Summary
  • 1M winners are : Winners for past month are $FSLR 56.8%, $MAXN 53.1%, $SPWR 49.7%, $CSIQ 25.9%, $JKS 17.8%
  • 1M losers are : Losers for past month are $SOL -2.1%, $BEEM -6.6%, $SEDG -14.1%, $DQ -16.0%
  • 1W winners are : Winners for past week are $FSLR 42.7%, $ARRY 25.6%, $CSIQ 21.4%, $JKS 18.5%, $ENPH 14.0%
  • 1W losers are : Losers for past week are $BEEM -5.9%, $SOL -6.1%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 42.3%, for the past 3 months is 40.4%

In the past month for a 5 days rolling window, the highest corrrelation is 65.4%, the lowest correlation is 11.4%, the latest correlation is 56.0%

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 88.2% between MAXN and SPWR

The lowest correlation is -52.5% between BEEM and TSLA

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