Bloom Energy Correlations

BE Stock  USD 13.91  0.03  0.22%   
The correlation of Bloom Energy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bloom Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bloom Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bloom Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in commodities.
The ability to find closely correlated positions to Bloom Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bloom Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bloom Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bloom Energy Corp to buy it.

Moving together with Bloom Stock

+0.83ENVXEnovix Corp Fiscal Quarter End 31st of December 2023 PairCorr
+0.61FCELFuelCell Energy Report 19th of December 2023 PairCorr
+0.8NVTNVent Electric PLC Fiscal Quarter End 31st of December 2023 PairCorr

Related Correlations Analysis

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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   
High negative correlations   

Risk-Adjusted Indicators

There is a big difference between Bloom Stock performing well and Bloom 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 Bloom 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationInformation RatioExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BE 3.27 (0.13) 0.00 (0.01) 0.00 (0.01) 0.00  8.37 (5.62) 21.09 
ELVA 3.25 (0.10) 0.00 (0.04) 0.00 (0.02) 0.00  5.76 (7.07) 24.80 
ENVX 3.48 (0.28) 0.00 (0.04) 0.00 (0.04) 0.00  7.88 (8.80) 23.60 
EOSE 4.43 (1.15) 0.00 (0.40) 0.00 (0.18) 0.00  8.82 (10.75) 35.83 
EPOW 3.97 (0.86) 0.00 (1.42) 0.00 (0.15) 0.00  5.41 (9.40) 42.27 
WIRE 1.60  0.19  0.10  0.14  1.85  0.1 (1.71) 3.43 (3.67) 11.49 
FCEL 4.15 (0.16) 0.00 (0.01) 0.00 (0.01) 0.00  10.24 (7.91) 26.01 
FLUX 3.10 (0.28) 0.00 (0.17) 0.00 (0.06) 0.00  8.04 (5.23) 31.11 
AYI 1.15  0.23  0.14  0.23  1.26  0.14 (1.23) 3.70 (1.84) 13.11 
EAF 2.54 (0.35) 0.00 (0.18) 0.00 (0.09) 0.00  5.71 (7.96) 24.10 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bloom Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bloom Energy Corporate Management

Elected by the shareholders, the Bloom Energy's board of directors comprises two types of representatives: Bloom Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bloom. The board's role is to monitor Bloom Energy's management team and ensure that shareholders' interests are well served. Bloom Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bloom Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharelynn MooreExecutive Vice President Chief Marketing OfficerProfile
Mary BushIndependent DirectorProfile
Ramakrishna PillaiExecutive Vice President - Customer Installations GroupProfile
Carl GuardinoExecutive Vice President - Government Affairs and PolicyProfile
David McCullochVP CommunicationsProfile
Susan BrennanExecutive Vice President Chief Operations OfficerProfile

Already Invested in Bloom Energy Corp?

The danger of trading Bloom Energy Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bloom Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bloom Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bloom Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bloom Energy Corp is a strong investment it is important to analyze Bloom Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bloom Energy's future performance. For an informed investment choice regarding Bloom Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bloom Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in commodities.
Note that the Bloom Energy Corp information on this page should be used as a complementary analysis to other Bloom Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Bloom Stock analysis

When running Bloom Energy's price analysis, check to measure Bloom Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bloom Energy is operating at the current time. Most of Bloom Energy's value examination focuses on studying past and present price action to predict the probability of Bloom Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bloom Energy's price. Additionally, you may evaluate how the addition of Bloom Energy to your portfolios can decrease your overall portfolio volatility.
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Is Bloom Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bloom Energy. If investors know Bloom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bloom Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Bloom Energy Corp is measured differently than its book value, which is the value of Bloom that is recorded on the company's balance sheet. Investors also form their own opinion of Bloom Energy's value that differs from its market value or its book value, called intrinsic value, which is Bloom Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bloom Energy's market value can be influenced by many factors that don't directly affect Bloom Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bloom Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bloom Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bloom Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.