AYRO Correlations
| AYRO Stock | USD 0.66 0.02 2.94% |
The current 90-days correlation between AYRO Inc and Canoo Inc is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
AYRO Correlation With Market
Average diversification
The correlation between AYRO Inc and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AYRO Inc and DJI in the same portfolio, assuming nothing else is changed.
AYRO |
Moving together with AYRO Stock
| 0.67 | GNTX | Gentex | PairCorr |
| 0.62 | MULN | Mullen Automotive | PairCorr |
| 0.7 | NWTN | NWTN Class B | PairCorr |
| 0.63 | FL | Foot Locker Sell-off Trend | PairCorr |
| 0.62 | LE | Lands End | PairCorr |
Moving against AYRO Stock
| 0.58 | TM | Toyota Motor Earnings Call This Week | PairCorr |
| 0.58 | INVZ | Innoviz Technologies | PairCorr |
| 0.56 | DAN | Dana Inc | PairCorr |
| 0.4 | LCID | Lucid Group | PairCorr |
| 0.37 | XPEV | Xpeng Inc Aggressive Push | PairCorr |
| 0.65 | APTV | Aptiv PLC | PairCorr |
| 0.49 | JL | J Long Group | PairCorr |
| 0.66 | VNCE | Vince Holding Corp | PairCorr |
| 0.46 | RH | RH | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between AYRO Stock performing well and AYRO 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 AYRO'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WKHS | 5.77 | (0.34) | 0.00 | (0.16) | 0.00 | 13.33 | 65.13 | |||
| FSR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GOEV | 10.38 | (3.21) | 0.00 | 26.60 | 0.00 | 26.34 | 107.21 | |||
| RIDE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BLBD | 2.35 | (0.32) | 0.00 | (0.91) | 0.00 | 4.01 | 13.44 | |||
| PTRA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOLO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LI | 2.36 | (0.04) | 0.00 | 0.28 | 0.00 | 4.24 | 13.04 | |||
| MULN | 8.86 | (1.97) | 0.00 | 0.97 | 0.00 | 14.58 | 108.60 |
AYRO Corporate Management
| Joseph III | Vice Relations | Profile | |
| David Hollingsworth | Interim Officer | Profile | |
| Rodney Keller | Consultant | Profile | |
| Thomas Wittenschlaeger | CEO Director | Profile |