ECD Automotive Correlations

ECDA Stock

0.42 0.01 2.33%

The current 90-days correlation between ECD Automotive Design and Fitell Ordinary is -0.01 (i.e., Good diversification). The correlation of ECD Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ECD Automotive Correlation With Market

Average diversification

The correlation between ECD Automotive Design and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECD Automotive Design and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ECD Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with ECD Stock

0.96	LOT	Lotus Technology American	Pair Corr
0.91	NIO	Nio Class A Aggressive Push	Pair Corr
0.74	RACE	Ferrari NV	Pair Corr
0.7	000625	Chongqing Changan	Pair Corr
0.69	600418	Anhui Jianghuai Auto	Pair Corr
0.9	TRNR	Interactive Strength	Pair Corr

Moving against ECD Stock

0.88	GM	General Motors	Pair Corr
0.85	000572	Haima Automobile	Pair Corr
0.85	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.78	F	Ford Motor	Pair Corr
0.78	RIVN	Rivian Automotive	Pair Corr
0.7	601238	Guangzhou Automobile	Pair Corr
0.67	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.58	DB	Deutsche Bank AG	Pair Corr
0.52	CYCC	CYCC Old Symbol Change	Pair Corr
0.42	BRK-A	Berkshire Hathaway	Pair Corr
0.37	000980	Zotye Automobile	Pair Corr
0.97	LCDX	Caliber Imaging Diag	Pair Corr
0.91	NAUFF	NevGold Corp	Pair Corr
0.9	DGWPF	Drgerwerk AG	Pair Corr
0.87	ARVN	Arvinas	Pair Corr
0.85	CASXF	Casa Minerals	Pair Corr
0.85	MGCV	MGC Ventures	Pair Corr
0.84	FTV	Fortive Corp	Pair Corr
0.83	TMSNY	Temenos Group AG	Pair Corr
0.81	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.78	SYF	Synchrony Financial	Pair Corr
0.74	PLTK	Playtika Holding Corp	Pair Corr
0.69	CTOWY	China TowerLimited	Pair Corr
0.69	BROS	Dutch Bros	Pair Corr
0.56	MEOAF	Melbana Energy	Pair Corr
0.55	SMXWW	SMX Public Limited	Pair Corr
0.53	BNXAF	Banxa Holdings	Pair Corr
0.47	EDRVY	EDP Renovveis SA	Pair Corr
0.44	FHELF	First Helium	Pair Corr

Related Correlations Analysis

	FTEL	JFBR	WBUY	FFAIW	NVVE	JXG	JWEL	IVP	EVTV	EJH
FTEL		0.95	0.85	0.58	0.55	0.86	-0.71	0.86	0.7	0.77	FTEL
JFBR	0.95		0.84	0.56	0.67	0.79	-0.74	0.9	0.81	0.75	JFBR
WBUY	0.85	0.84		0.52	0.47	0.7	-0.59	0.73	0.67	0.61	WBUY
FFAIW	0.58	0.56	0.52		0.47	0.52	-0.59	0.64	0.53	0.48	FFAIW
NVVE	0.55	0.67	0.47	0.47		0.33	-0.49	0.65	0.74	0.53	NVVE
JXG	0.86	0.79	0.7	0.52	0.33		-0.73	0.81	0.49	0.81	JXG
JWEL	-0.71	-0.74	-0.59	-0.59	-0.49	-0.73		-0.92	-0.66	-0.59	JWEL
IVP	0.86	0.9	0.73	0.64	0.65	0.81	-0.92		0.78	0.75	IVP
EVTV	0.7	0.81	0.67	0.53	0.74	0.49	-0.66	0.78		0.48	EVTV
EJH	0.77	0.75	0.61	0.48	0.53	0.81	-0.59	0.75	0.48		EJH
	FTEL	JFBR	WBUY	FFAIW	NVVE	JXG	JWEL	IVP	EVTV	EJH

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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

JFBR	+ 0.95	FTEL
IVP	+ 0.9	JFBR
JXG	+ 0.86	FTEL
IVP	+ 0.86	FTEL
WBUY	+ 0.85	FTEL
WBUY	+ 0.84	JFBR

High negative correlations

IVP	- 0.92	JWEL
JWEL	- 0.74	JFBR
JWEL	- 0.73	JXG
JWEL	- 0.71	FTEL
EVTV	- 0.66	JWEL
EJH	- 0.59	JWEL

Risk-Adjusted Indicators

There is a big difference between ECD Stock performing well and ECD Automotive 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 ECD Automotive'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
FTEL	8.58	(2.39)	0.00	(9.61)	0.00	0.00	15.20	(22.83)	70.41
JFBR	5.88	(2.00)	0.00	(0.90)	0.00	0.00	11.96	(14.60)	65.53
WBUY	7.00	(0.45)	0.00	0.67	0.00	0.00	11.86	(11.74)	153.14
FFAIW	10.32	0.32	0.03	0.16	13.09	(12.24)	27.07	(20.84)	103.65
NVVE	10.24	0.52	0.01	(0.02)	11.38	(17.04)	12.34	(16.24)	250.51
JXG	7.72	(0.28)	0.00	(4.29)	0.00	0.00	17.46	(14.72)	90.68
JWEL	3.39	0.49	0.11	0.45	4.15	(4.06)	10.14	(6.43)	41.90
IVP	7.75	(3.61)	0.00	(2.12)	0.00	0.00	13.16	(22.78)	75.68
EVTV	5.48	(1.79)	0.00	(0.49)	0.00	0.00	8.22	(15.18)	45.45
EJH	3.54	(0.46)	0.00	(0.12)	0.00	0.00	8.60	(7.07)	33.96

ECD Automotive Corporate Management

Teddy Lawrence	Head Sales	Profile
Raymond Cole	Chief Officer	Profile
Keven Kastner	Chief Officer	Profile
Kevin Gonzalez	Head Content	Profile
Karen	Head Warranty	Profile

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