Solaris Energy Correlations

SEI Stock

24.65 0.18 0.74%

The current 90-days correlation between Solaris Energy Infra and Enerflex is 0.47 (i.e., Very weak diversification). The correlation of Solaris Energy 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.

Solaris Energy Correlation With Market

Very weak diversification

The correlation between Solaris Energy Infrastructure, and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solaris Energy Infrastructure, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Solaris Stock

0.9	TS	Tenaris SA ADR	Pair Corr
0.96	EFXT	Enerflex	Pair Corr
0.92	BKR	Baker Hughes Fiscal Year End 28th of January 2025	Pair Corr
0.74	CLB	Core Laboratories	Pair Corr
0.9	FTI	TechnipFMC PLC	Pair Corr
0.96	FTK	Flotek Industries	Pair Corr
0.61	HAL	Halliburton Sell-off Trend	Pair Corr
0.95	KGS	Kodiak Gas Services,	Pair Corr
0.84	MRC	MRC Global	Pair Corr
0.96	NGS	Natural Gas Services	Pair Corr
0.84	OII	Oceaneering International	Pair Corr
0.73	OIS	Oil States International	Pair Corr
0.78	SND	Smart Sand	Pair Corr
0.88	TTI	Tetra Technologies	Pair Corr
0.83	WHD	Cactus Inc	Pair Corr
0.64	INVX	Innovex International, Symbol Change	Pair Corr

Moving against Solaris Stock

0.74	TDW	Tidewater	Pair Corr
0.62	XPRO	Expro Group Holdings	Pair Corr
0.44	ENSV	Enservco	Pair Corr
0.41	DTI	Drilling Tools Inter	Pair Corr
0.33	WFRD	Weatherford International	Pair Corr
0.73	BOOM	Dmc Global	Pair Corr
0.71	NESRW	National Energy Services	Pair Corr
0.7	NESR	National Energy Services	Pair Corr
0.68	E	Eni SpA ADR	Pair Corr
0.67	VAL	Valaris	Pair Corr
0.61	BP	BP PLC ADR	Pair Corr
0.58	RCON	Recon Technology	Pair Corr
0.45	DINO	HF Sinclair Corp	Pair Corr
0.34	LBRT	Liberty Oilfield Services Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	DNOW	EFXT	VTOL	HLX	OII	RES	RNGR	PUMP	AROC
DNOW		0.8	0.69	0.56	0.89	0.08	0.87	0.55	0.92	DNOW
EFXT	0.8		0.37	0.28	0.77	-0.05	0.93	0.34	0.93	EFXT
VTOL	0.69	0.37		0.65	0.75	0.09	0.53	0.5	0.5	VTOL
HLX	0.56	0.28	0.65		0.62	0.6	0.26	0.72	0.45	HLX
OII	0.89	0.77	0.75	0.62		0.21	0.83	0.66	0.87	OII
RES	0.08	-0.05	0.09	0.6	0.21		-0.2	0.8	0.12	RES
RNGR	0.87	0.93	0.53	0.26	0.83	-0.2		0.28	0.91	RNGR
PUMP	0.55	0.34	0.5	0.72	0.66	0.8	0.28		0.55	PUMP
AROC	0.92	0.93	0.5	0.45	0.87	0.12	0.91	0.55		AROC
	DNOW	EFXT	VTOL	HLX	OII	RES	RNGR	PUMP	AROC

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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

RNGR	+ 0.93	EFXT
AROC	+ 0.93	EFXT
AROC	+ 0.92	DNOW
AROC	+ 0.91	RNGR
OII	+ 0.89	DNOW
RNGR	+ 0.87	DNOW

High negative correlations

RNGR	- 0.2	RES
RES	- 0.05	EFXT

Risk-Adjusted Indicators

There is a big difference between Solaris Stock performing well and Solaris Energy 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 Solaris Energy'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
DNOW	1.54	0.01	0.08	0.12	1.41	(1.83)	3.55	(2.40)	14.99
EFXT	1.70	0.68	0.36	1.15	1.23	(2.10)	4.56	(2.72)	8.19
VTOL	1.55	(0.13)	(0.05)	0.00	2.17	(1.71)	2.89	(2.86)	12.05
HLX	1.96	(0.26)	0.00	(0.02)	0.00	0.00	3.81	(3.94)	11.58
OII	2.13	(0.06)	0.02	0.09	2.43	(2.25)	4.23	(4.07)	15.31
RES	2.09	(0.14)	(0.03)	0.03	2.44	(2.36)	4.55	(4.55)	14.14
RNGR	1.39	0.36	0.19	0.67	1.30	(1.56)	3.56	(2.21)	6.77
PUMP	2.50	(0.15)	0.00	0.05	2.93	(2.70)	5.25	(4.78)	21.85
AROC	1.66	0.16	0.13	0.21	1.58	(2.00)	3.19	(2.31)	14.49

Solaris Energy Corporate Management

Greg Garcia	Executive Marketing	Profile
Christopher Powell	Chief Secretary	Profile
Yvonne Fletcher	Senior Relations	Profile
Christopher Wirtz	Chief Officer	Profile
Kelly Price	Chief Officer	Profile

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