ECD Automotive Correlations

ECDA Stock   0.01  0  11.76%   
The current 90-days correlation between ECD Automotive Design and Jeffs Brands is -0.5 (i.e., Very 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

Pay attention - limited upside

The correlation between ECD Automotive Design and DJI is -0.92 (i.e., Pay attention - limited upside) 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.
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

  0.93DCX Digital Currency X Symbol ChangePairCorr
  0.82NIO Nio Class APairCorr
  0.650O9 Niu TechnologiesPairCorr
  0.62XPEV Xpeng IncPairCorr
  0.792FE Ferrari NVPairCorr
  0.74MOM Mahindra MahindraPairCorr
  0.87N3IA Nio Class APairCorr
  0.62P9N LIVEWIRE GROUP DLPairCorr

Moving against ECD Stock

  0.88GM General MotorsPairCorr
  0.86TM Toyota MotorPairCorr
  0.77F Ford Motor Earnings Call This WeekPairCorr
  0.74BMW3 Bayerische Motoren WerkePairCorr
  0.58HMC Honda MotorPairCorr
  0.37VOW Volkswagen AGPairCorr
  0.94WGO Winnebago IndustriesPairCorr
  0.81THO Thor IndustriesPairCorr
  0.64FMC1 Ford MotorPairCorr
  0.53VOWB VOLKSWAGEN AG VZPairCorr
  0.48MMO Mitsubishi MotorsPairCorr
  0.48YMA Yamaha MotorPairCorr
  0.42VOWA VOLKSWAGEN ADR 110ONPairCorr

Related Correlations Analysis


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

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NVVEFTEL
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High negative correlations

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EJHIVP
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EVTVFTEL
IVPFTEL
IVPJFBR

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FTEL  6.69 (1.34) 0.00 (1.99) 0.00 
 11.70 
 69.40 
JFBR  9.24 (1.40) 0.00 (6.45) 0.00 
 13.75 
 167.88 
WBUY  8.91  0.49  0.04  3.41  10.76 
 22.73 
 153.14 
FFAIW  7.11 (0.44) 0.00 (0.08) 0.00 
 13.64 
 40.57 
NVVE  9.13 (2.61) 0.00 (0.62) 0.00 
 16.80 
 91.81 
JXG  6.90 (0.37) 0.00 (5.32) 0.00 
 17.46 
 90.68 
JWEL  2.61  0.07  0.00  0.76  3.33 
 7.81 
 23.93 
IVP  123,297  64,757  2,503 (3.78) 0.00 
 33.33 
 3,838,821 
EVTV  17.73  5.31  0.48  1.44  9.11 
 35.05 
 471.75 
EJH  4.83 (0.77) 0.00 (0.47) 0.00 
 8.60 
 31.64 

ECD Automotive Corporate Management