ECD Automotive Correlations

ECDA Stock

0.02 0 31.54%

The current 90-days correlation between ECD Automotive Design and Jeffs Brands is -0.55 (i.e., Excellent 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

Excellent diversification

The correlation between ECD Automotive Design and DJI is -0.55 (i.e., Excellent 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

0.94	LI	Li Auto	Pair Corr
0.92	NIO	Nio Class A	Pair Corr
0.73	600006	Dongfeng Automobile	Pair Corr
0.87	000625	Chongqing Changan	Pair Corr
0.81	20030NDW8	CMCSA 2987 01	Pair Corr
0.65	PKKFF	Tenet Fintech Group	Pair Corr

Moving against ECD Stock

0.84	JNJ	Johnson Johnson	Pair Corr
0.73	RIVN	Rivian Automotive	Pair Corr
0.65	EGP	EastGroup Properties	Pair Corr
0.65	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.59	601238	Guangzhou Automobile	Pair Corr
0.47	CIMDF	CIMB Group Holdings	Pair Corr
0.46	PNTRF	Pantera Silver Corp Earnings Call Tomorrow	Pair Corr
0.43	VFS	VinFast Auto	Pair Corr
0.37	BFDE	Bedford Energy	Pair Corr
0.92	SFST	Southern First Bancshares	Pair Corr
0.75	DCI	Donaldson	Pair Corr
0.73	CNOB	ConnectOne Bancorp Earnings Call Tomorrow	Pair Corr
0.72	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.72	SBSW	Sibanye Gold	Pair Corr
0.69	BKKLY	Bangkok Bank PCL	Pair Corr
0.68	FTCI	FTC Solar	Pair Corr
0.66	TSGZF	Tristar Gold	Pair Corr
0.64	COCSF	Coca Cola FEMSA	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.62	SEBC	Southeastern Banking Corp	Pair Corr
0.61	AEM	Agnico Eagle Mines	Pair Corr
0.51	ZIJMF	Zijin Mining Group	Pair Corr

Related Correlations Analysis

	FTEL	JFBR	WBUY	FFAIW	NVVE	JXG	JWEL	IVP	EVTV	EJH
FTEL		0.86	0.66	0.43	0.46	0.78	-0.71	-0.07	0.02	0.55	FTEL
JFBR	0.86		0.7	0.48	0.69	0.65	-0.67	-0.05	-0.04	0.51	JFBR
WBUY	0.66	0.7		0.37	0.37	0.58	-0.46	-0.12	-0.11	0.34	WBUY
FFAIW	0.43	0.48	0.37		0.48	0.46	-0.5	-0.13	-0.17	0.34	FFAIW
NVVE	0.46	0.69	0.37	0.48		0.27	-0.36	-0.11	-0.08	0.38	NVVE
JXG	0.78	0.65	0.58	0.46	0.27		-0.63	-0.11	-0.23	0.64	JXG
JWEL	-0.71	-0.67	-0.46	-0.5	-0.36	-0.63		-0.01	-0.2	-0.41	JWEL
IVP	-0.07	-0.05	-0.12	-0.13	-0.11	-0.11	-0.01		0.35	-0.17	IVP
EVTV	0.02	-0.04	-0.11	-0.17	-0.08	-0.23	-0.2	0.35		-0.06	EVTV
EJH	0.55	0.51	0.34	0.34	0.38	0.64	-0.41	-0.17	-0.06		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	+ 0.86	FTEL
JXG	+ 0.78	FTEL
WBUY	+ 0.7	JFBR
NVVE	+ 0.69	JFBR
WBUY	+ 0.66	FTEL
JXG	+ 0.65	JFBR

High negative correlations

JWEL	- 0.71	FTEL
JWEL	- 0.67	JFBR
JWEL	- 0.63	JXG
JWEL	- 0.5	FFAIW
JWEL	- 0.46	WBUY
EJH	- 0.41	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	7.98	(2.66)	0.00	(5.32)	0.00	0.00	11.80	(20.76)	69.40
JFBR	8.63	(1.33)	0.00	3.60	0.00	0.00	13.75	(17.50)	166.56
WBUY	8.07	0.27	0.02	(18.00)	9.67	(11.87)	22.73	(11.74)	153.14
FFAIW	9.16	1.34	0.13	0.84	9.39	(11.50)	24.90	(14.21)	103.65
NVVE	12.28	1.03	0.03	(0.06)	11.92	(22.99)	34.19	(20.38)	250.51
JXG	7.21	(0.99)	0.00	(41.96)	0.00	0.00	17.46	(14.72)	90.68
JWEL	2.94	0.34	0.08	0.56	3.39	(3.74)	9.57	(6.43)	24.83
IVP	10,658	6,701	208.22	(0.29)	0.00	(22,345)	19.05	(43.59)	357,210
EVTV	17.51	5.39	0.50	1.46	8.88	(26.27)	35.05	(17.45)	471.75
EJH	4.55	(0.03)	0.02	0.06	5.07	(6.19)	9.89	(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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