ECD Automotive Correlations

ECDAW Stock

0.01 0.00 0.000001%

The current 90-days correlation between ECD Automotive Design and Cenntro Electric Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ECD Automotive Correlation With Market

Pay attention - limited upside

The correlation between ECD Automotive Design and DJI is -0.81 (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.

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 nation.

Moving together with ECD Stock

0.8

BROGF

Pair Corr

Moving against ECD Stock

0.86	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.82	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.8	BNKHF	BOC Hong Kong	Pair Corr
0.77	TM	Toyota Motor	Pair Corr
0.77	YLLXF	Yellow Cake plc	Pair Corr
0.76	ENS	Enersys Earnings Call This Week	Pair Corr
0.7	APETF	Alpha Esports Tech	Pair Corr
0.68	F	Ford Motor	Pair Corr
0.66	THO	Thor Industries	Pair Corr
0.64	OMC	Omnicom Group Earnings Call This Week	Pair Corr
0.62	SECVY	Seche Environnement	Pair Corr
0.62	FCAP	First Capital Downward Rally	Pair Corr
0.57	JUPGF	Jupiter Gold	Pair Corr
0.57	RCKY	Rocky Brands	Pair Corr
0.57	TFLM	TFLM	Pair Corr
0.57	RILYL	B Riley Financial	Pair Corr
0.55	02G	Guangzhou Automobile	Pair Corr
0.51	NFG	National Fuel Gas	Pair Corr
0.44	SHPHF	Sihuan Pharmaceutical	Pair Corr

Related Correlations Analysis

	CENN	LOBO	FLYE	WKHS	UCAR	AZI	IPW	FGI	CGTL	REBN
CENN		0.56	0.27	0.63	0.61	0.48	0.49	0.09	-0.44	0.31	CENN
LOBO	0.56		0.55	0.27	0.25	-0.03	0.54	0.29	-0.37	0.03	LOBO
FLYE	0.27	0.55		0.06	-0.1	-0.11	0.21	0.29	-0.12	0.17	FLYE
WKHS	0.63	0.27	0.06		0.81	0.56	0.64	-0.22	-0.65	0.16	WKHS
UCAR	0.61	0.25	-0.1	0.81		0.67	0.67	-0.3	-0.71	-0.03	UCAR
AZI	0.48	-0.03	-0.11	0.56	0.67		0.34	-0.5	-0.47	-0.04	AZI
IPW	0.49	0.54	0.21	0.64	0.67	0.34		0.01	-0.87	-0.33	IPW
FGI	0.09	0.29	0.29	-0.22	-0.3	-0.5	0.01		0.13	0.2	FGI
CGTL	-0.44	-0.37	-0.12	-0.65	-0.71	-0.47	-0.87	0.13		0.3	CGTL
REBN	0.31	0.03	0.17	0.16	-0.03	-0.04	-0.33	0.2	0.3		REBN
	CENN	LOBO	FLYE	WKHS	UCAR	AZI	IPW	FGI	CGTL	REBN

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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

UCAR	+ 0.81	WKHS
AZI	+ 0.67	UCAR
IPW	+ 0.67	UCAR
IPW	+ 0.64	WKHS
WKHS	+ 0.63	CENN
UCAR	+ 0.61	CENN

High negative correlations

CGTL	- 0.87	IPW
CGTL	- 0.71	UCAR
CGTL	- 0.65	WKHS
FGI	- 0.5	AZI
CGTL	- 0.47	AZI
CGTL	- 0.44	CENN

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
CENN	4.68	(0.64)	0.00	(0.22)	0.00	0.00	13.33	(7.14)	24.81
LOBO	5.70	(0.46)	0.00	(0.39)	0.00	0.00	13.64	(11.63)	47.21
FLYE	10.94	1.34	0.11	(0.23)	9.54	(16.71)	15.36	(18.99)	284.75
WKHS	4.84	(1.35)	0.00	(5.23)	0.00	0.00	10.78	(9.36)	56.82
UCAR	2.61	(0.69)	0.00	(0.45)	0.00	0.00	4.64	(5.71)	19.82
AZI	10.32	(0.52)	0.00	(0.30)	0.00	0.00	21.43	(17.65)	88.70
IPW	5.29	(1.47)	0.00	(5.68)	0.00	0.00	10.45	(12.70)	35.96
FGI	5.80	0.32	0.05	0.13	7.65	(6.06)	16.30	(14.12)	50.77
CGTL	11.96	4.79	0.44	0.87	8.39	(15.54)	31.58	(16.47)	149.10
REBN	4.08	(0.16)	0.00	(0.04)	0.00	0.00	11.95	(9.04)	27.14

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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