FSLR First Solar, Inc. Common Stock

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

FSLR vs TAN

Both indexed to 100 at 2026-05-11.

FSLR TAN · range 64–136 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

TAN Invesco Solar ETF

ρ +0.75beyond mkt +0.66holdout +0.79stable 100%robust

ICLN iShares Global Clean Energy ETF

ρ +0.70beyond mkt +0.60holdout +0.74stable 100%robust

CNRG State Street SPDR S&P Kensho Grid Innovation ETF

ρ +0.67beyond mkt +0.56holdout +0.71stable 100%robust

RUN Sunrun Inc. Common Stock

ρ +0.61beyond mkt +0.50holdout +0.65stable 100%robust

ERTH Invesco MSCI Sustainable Future ETF

ρ +0.60beyond mkt +0.47holdout +0.64stable 100%robust

NXT Nextpower Inc. Common Stock

ρ +0.61beyond mkt +0.46holdout +0.61stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.35beyond mkt -0.14holdout -0.40stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.30beyond mkt -0.11holdout -0.28stable 88%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.42beyond mkt -0.07holdout -0.54stable 88%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

NWE NorthWestern Energy Group, Inc. Common Stock

Δ +0.46recent +0.40prior -0.05beyond mkt +0.01

MU Micron Technology, Inc. Common Stock

Δ -0.45recent -0.09prior +0.36beyond mkt -0.03

ARTNA Artesian Resources Corporation Class A Common Stock

Δ +0.45recent +0.34prior -0.11beyond mkt -0.02

CLX Clorox Company

Δ +0.45recent +0.44prior -0.01beyond mkt +0.07

TEI Templeton Emerging Markets Income Fund

Δ +0.43recent +0.63prior +0.21beyond mkt +0.03

APT Alpha Pro Tech, Ltd.

Δ +0.42recent +0.49prior +0.06beyond mkt -0.00

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
SDG iShares Trust iShares MSCI Global Sustainable Development Goals ETF	+0.36	+0.52	12
SMOG VanEck Low Carbon Energy ETF	+0.39	+0.58	15
ERTH Invesco MSCI Sustainable Future ETF	+0.47	+0.60	19
PBW Invesco WilderHill Clean Energy ETF	+0.44	+0.59	19
CNRG State Street SPDR S&P Kensho Grid Innovation ETF	+0.56	+0.67	23
ICLN iShares Global Clean Energy ETF	+0.60	+0.70	26