SHLS Shoals Technologies Group, Inc. Class A Common Stock

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

SHLS vs ARRY

Both indexed to 100 at 2026-05-11.

SHLS ARRY · range 36–137 · 2026-05-11 → 2026-11-06

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

ARRY Array Technologies, Inc. Common Stock

ρ +0.69beyond mkt +0.59holdout +0.74stable 100%robust

TAN Invesco Solar ETF

ρ +0.71beyond mkt +0.59holdout +0.79stable 100%robust

CNRG State Street SPDR S&P Kensho Grid Innovation ETF

ρ +0.71beyond mkt +0.57holdout +0.79stable 100%robust

NXT Nextpower Inc. Common Stock

ρ +0.68beyond mkt +0.54holdout +0.72stable 100%robust

ICLN iShares Global Clean Energy ETF

ρ +0.63beyond mkt +0.47holdout +0.74stable 100%robust

ENPH Enphase Energy, Inc. Common Stock

ρ +0.58beyond mkt +0.45holdout +0.65stable 100%robust

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

ρ -0.35beyond mkt -0.09holdout -0.44stable 88%robust

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

ρ -0.47beyond mkt -0.05holdout -0.65stable 88%robust

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

MEOH Methanex Corporation Common Stock

Δ -0.49recent -0.34prior +0.14beyond mkt -0.03

BGT BlackRock Floating Rate Income Trust

Δ +0.46recent +0.52prior +0.06beyond mkt -0.04

GOF Guggenheim Strategic Opportunities Fund

Δ +0.45recent +0.59prior +0.14beyond mkt +0.01

KEP Korea Electric Power Corp

Δ +0.44recent +0.59prior +0.15beyond mkt +0.04

FT Franklin Universal Trust Shares of Beneficial Interest

Δ +0.43recent +0.52prior +0.09beyond mkt +0.05

VET VERMILION ENERGY INC.

Δ -0.42recent -0.32prior +0.10beyond mkt +0.02

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

Symbol	beyond mkt	raw ρ	shared
PBW Invesco WilderHill Clean Energy ETF	+0.37	+0.61	19
CNRG State Street SPDR S&P Kensho Grid Innovation ETF	+0.57	+0.71	23
TAN Invesco Solar ETF	+0.59	+0.71	25
ICLN iShares Global Clean Energy ETF	+0.47	+0.63	24
ENPH Enphase Energy, Inc. Common Stock	+0.45	+0.58	24
ARRY Array Technologies, Inc. Common Stock	+0.59	+0.69	26