FTC Solar, Inc. Common Stock (FTCI) — Stock Correlations & Overview
Over the past year, FTCI has moved most closely with AVNW, SES, NNE. Explore the stocks most correlated and inversely correlated with FTCI below, along with its price, financials, and company profile.
Stocks correlated with FTCI
Correlation of daily returns. Higher positive values move with FTCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with FTCI
| Symbol | Company | Correlation |
|---|---|---|
| AVNW | Aviat Networks, Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.43 |
| SES | SES AI CorporationMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.41 |
| NNE | Nano Nuclear Energy Inc. Common StockELECTRIC SERVICES | 0.38 |
| EVEX | Eve Holding, Inc.AIRCRAFT | 0.38 |
| ADEA | Adeia Inc. Common StockCABLE & OTHER PAY TELEVISION SERVICES | 0.38 |
Most inversely correlated with FTCI
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.32 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.32 |
| SDS | ProShares UltraShort S&P500 | -0.32 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.32 |
Frequently asked questions about FTCI correlations
- Which stocks are most correlated with FTCI?
- Based on one year of daily returns, the stocks most correlated with FTC Solar, Inc. Common Stock (FTCI) are AVNW (0.43), SES (0.41) and NNE (0.38). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FTCI?
- Over the past year, the stocks most inversely correlated with FTC Solar, Inc. Common Stock (FTCI) are SARK (-0.36), TSMZ (-0.32) and HIBS (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FTCI correlations calculated?
- We compute the correlation of daily returns between FTCI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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