Sunrun Correlations

RUN Stock

USD 11.55 0.06 0.52%

The current 90-days correlation between Sunrun Inc and Brookfield Business Partners is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunrun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunrun Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sunrun Correlation With Market

Very good diversification

The correlation between Sunrun Inc and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunrun Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sunrun Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Sunrun Stock

0.66	EFSH	1847 Holdings LLC	Pair Corr
0.61	WPRT	Westport Fuel Systems	Pair Corr
0.66	SHLS	Shoals Technologies Tech Boost	Pair Corr
0.66	CVGI	Commercial Vehicle	Pair Corr
0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.9	CP	Canadian Pacific Railway	Pair Corr

Moving against Sunrun Stock

0.88	WAB	Westinghouse Air Brake	Pair Corr
0.86	HON	Honeywell International	Pair Corr
0.72	FSTR	LB Foster	Pair Corr
0.7	TRN	Trinity Industries	Pair Corr
0.67	GBX	Greenbrier Companies	Pair Corr
0.57	GFF	Griffon	Pair Corr
0.92	ALSN	Allison Transmission	Pair Corr
0.92	AZ	A2Z Smart Technologies	Pair Corr
0.86	BR	Broadridge Financial	Pair Corr
0.78	B	Barnes Group	Pair Corr
0.78	J	Jacobs Solutions	Pair Corr
0.75	G	Genpact Limited	Pair Corr
0.69	AL	Air Lease	Pair Corr
0.61	BE	Bloom Energy Corp	Pair Corr
0.59	R	Ryder System	Pair Corr
0.4	CRESW	Cresud SACIF y	Pair Corr
0.89	CW	Curtiss Wright	Pair Corr
0.8	CR	Crane Company	Pair Corr
0.78	IR	Ingersoll Rand	Pair Corr
0.75	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr

Related Correlations Analysis

	VSTE	EFSH	WPRT	FBYD	BBU	FIP	GBX	GFF	FSTR	HON
VSTE		-0.46	-0.35	-0.29	0.18	-0.23	0.36	0.0	0.1	0.1	VSTE
EFSH	-0.46		0.45	0.45	-0.51	0.24	-0.6	-0.51	-0.62	-0.51	EFSH
WPRT	-0.35	0.45		0.17	-0.71	-0.13	-0.66	-0.29	-0.26	-0.48	WPRT
FBYD	-0.29	0.45	0.17		-0.11	0.22	-0.32	-0.19	-0.29	-0.18	FBYD
BBU	0.18	-0.51	-0.71	-0.11		0.18	0.5	0.73	0.66	0.75	BBU
FIP	-0.23	0.24	-0.13	0.22	0.18		-0.24	-0.07	-0.25	-0.13	FIP
GBX	0.36	-0.6	-0.66	-0.32	0.5	-0.24		0.53	0.65	0.65	GBX
GFF	0.0	-0.51	-0.29	-0.19	0.73	-0.07	0.53		0.91	0.74	GFF
FSTR	0.1	-0.62	-0.26	-0.29	0.66	-0.25	0.65	0.91		0.82	FSTR
HON	0.1	-0.51	-0.48	-0.18	0.75	-0.13	0.65	0.74	0.82		HON
	VSTE	EFSH	WPRT	FBYD	BBU	FIP	GBX	GFF	FSTR	HON

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FSTR	+ 0.91	GFF
HON	+ 0.82	FSTR
HON	+ 0.75	BBU
HON	+ 0.74	GFF
GFF	+ 0.73	BBU
FSTR	+ 0.66	BBU

High negative correlations

BBU	- 0.71	WPRT
GBX	- 0.66	WPRT
FSTR	- 0.62	EFSH
GBX	- 0.6	EFSH
HON	- 0.51	EFSH
GFF	- 0.51	EFSH

Risk-Adjusted Indicators

There is a big difference between Sunrun Stock performing well and Sunrun 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 Sunrun'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
VSTE	11.71	3.23	0.25	(1.21)	9.41	(18.70)	29.09	(20.59)	181.98
EFSH	17.49	(2.45)	0.00	(0.79)	0.00	0.00	24.44	(46.23)	260.66
WPRT	1.49	(0.38)	0.00	(3.32)	0.00	0.00	2.55	(2.92)	9.20
FBYD	2.56	(0.22)	0.00	(0.18)	0.00	0.00	5.72	(6.50)	20.39
BBU	1.53	0.23	0.13	0.33	1.42	(1.67)	3.19	(2.48)	8.49
FIP	2.25	(0.21)	0.00	(4.42)	0.00	0.00	4.52	(5.52)	14.39
GBX	1.55	0.42	0.34	0.45	0.86	(1.88)	3.46	(2.32)	19.01
GFF	1.74	0.20	0.14	0.24	1.74	(1.99)	3.14	(3.11)	22.84
FSTR	2.10	0.40	0.25	0.33	1.59	(2.48)	6.37	(3.40)	14.55
HON	0.89	0.07	0.05	0.19	1.06	(1.09)	2.62	(1.27)	8.33

Sunrun Corporate Management

Chance Allred	Chief Officer	Profile
Michelle Philpot	Chief Officer	Profile
Danny Abajian	Chief Officer	Profile
Andrew Newbold	Director Communications	Profile
Anne JD	Chief Officer	Profile

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

2024 Macroaxis LLC