Cenntro Electric Correlations
| CENN Stock | USD 1.25 0.02 1.63% |
The current 90-days correlation between Cenntro Electric and Mullen Automotive is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenntro Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenntro Electric Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cenntro Electric Correlation With Market
Modest diversification
The correlation between Cenntro Electric Group and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cenntro Electric Group and DJI in the same portfolio, assuming nothing else is changed.
Cenntro |
Moving together with Cenntro Stock
Moving against Cenntro Stock
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| 0.39 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.36 | HVT | Haverty Furniture | PairCorr |
| 0.35 | LEG | Leggett Platt Buyout Trend | PairCorr |
Related Correlations Analysis
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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 Cenntro Stock performing well and Cenntro Electric 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 Cenntro Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MULN | 9.65 | (2.75) | 0.00 | 2.79 | 0.00 | 18.52 | 100.65 | |||
| GOEV | 5.54 | (1.50) | 0.00 | (0.91) | 0.00 | 9.18 | 48.91 | |||
| ARVL | 6.16 | (0.16) | 0.00 | 0.18 | 0.00 | 11.70 | 49.91 | |||
| RIDE | 7.02 | (1.15) | 0.00 | (1.89) | 0.00 | 16.28 | 54.36 | |||
| HYZN | 5.34 | (0.64) | 0.00 | (0.79) | 0.00 | 14.47 | 47.81 | |||
| AYRO | 2.17 | (0.19) | 0.00 | (2.35) | 0.00 | 3.90 | 10.94 | |||
| WKHS | 6.67 | 0.46 | 0.12 | 0.24 | 6.55 | 17.11 | 65.13 | |||
| FSR | 4.49 | 0.34 | 0.08 | 0.33 | 4.70 | 9.41 | 37.41 | |||
| FFIE | 5.71 | (2.25) | 0.00 | (1.58) | 0.00 | 10.11 | 61.69 |
Cenntro Electric Corporate Management
| Tony Tsai | VP Secretary | Profile | |
| Peter Wang | MD CEO | Profile | |
| Wei Zhong | Chief Officer | Profile | |
| Ming He | Treasurer | Profile | |
| Marianne McInerney | Ex Officer | Profile | |
| Mathew Zauner | Corporate Secretary | Profile |