SUNE vs VAL: Correlation
Measured on weekly returns over the past three years, SUNation Energy, Inc. (SUNE) and Valaris Limited (VAL) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUNE and VAL?
Over the past 3 years, SUNE and VAL moved with a correlation of 0.30, which is moderate. The past 12 months show a tighter link (0.41) than the 3-year average (0.30). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 3036.1 %².
In SUNE's tracked universe of 18 assets, VAL sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months VAL outperformed by 26.6 percentage points (+46.7% for SUNE against +73.3% for VAL). Risk is not evenly split, since SUNE carries 3.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SUNE vs VAL: side by side
| SUNE (SUNation Energy, Inc.) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | +46.7% | +73.3% |
| 5-year return | -100.0% | +200.2% |
| Volatility (ann.) | 189.9% | 52.9% |
| Beta vs S&P 500 | -0.81 | 0.77 |
| Max drawdown (3Y) | -100.0% | -63.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | 1.1 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SUNE | VAL |
|---|---|---|
| 2022 | -75.7% | +87.8% |
| 2023 | -74.7% | +1.4% |
| 2024 | -99.4% | -35.5% |
| 2025 | -99.8% | +13.9% |
| 2026 | +113.6% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUNE and VAL good diversifiers for each other?
Reasonably. At 0.30, SUNE and VAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SUNE and VAL?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.41 over the last year and 0.27 over 5 years.
Is VAL a good diversifier for SUNE?
Reasonably. At 0.30, SUNE and VAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sune-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sune-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SUNE correlations · VAL correlations
