27 Stocks and 73 ETFs for diversifying Shoals Technologies Group (SHLS)
The least correlated asset to Shoals Technologies Group (SHLS) is ETF TSMZ (DIREXION DAILY TSM BEAR 1X SHARES). The correlation is -0.7921.
Stocks that lowly correlated with SHLS
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.70 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.70 |
| ASIC | Ategrity Specialty Holdings LLC | $969M | Financial Services | Insurance - Property & Casualty | -0.64 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.60 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.56 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.53 |
| PVLA | Palvella Therapeutics Inc | $1.66B | Healthcare | Biotechnology | -0.46 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.44 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.44 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.43 |
| UCFI | CN Healthy Food Tech Group Corp | $288M | Financial Services | Shell Companies | -0.43 |
| IROH | Iron Horse Acquisitions Corp | $263M | Financial Services | Shell Companies | -0.43 |
| JBS | JBS N.V. - Class A | $14B | Consumer Defensive | Packaged Foods | -0.42 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.41 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.39 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.39 |
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.35 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.33 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.33 |
| LMNX | Luminex Corp | $620M | N/A | N/A | -0.33 |
| UTAA | UTA Acquisition Corp - Class A | $61M | N/A | N/A | -0.33 |
| CAPS | Capstone Holding Corp | $3.02M | Basic Materials | Building Materials | -0.33 |
| BIAF | BioAffinity Technologies Inc | $7.42M | Healthcare | Diagnostics & Research | -0.32 |
| WYTC | Wytec International Inc | $18M | Communications Equipment | Information Technology | -0.31 |
| PGR | Progressive Corp | $115B | Financial Services | Insurance - Property & Casualty | -0.30 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.30 |
| DTSQ | DT Cloud Star Acquisition Corp | $70M | Financial Services | Shell Companies | -0.29 |