ECD Automotive Correlations

ECDAW Stock

0.01 0 54.10%

The current 90-days correlation between ECD Automotive Design and Innoviz Technologies is 0.09 (i.e., Significant 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 -0.71 (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.

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Check out Investing Opportunities to better understand how to build diversified portfolios. 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

0.77	RNL	Renault SA	Pair Corr
0.76	RNL	Renault SA	Pair Corr
0.8	ECDA	ECD Automotive Design	Pair Corr
0.67	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.73	DCX	Digital Currency X Symbol Change	Pair Corr
0.62	PAH3	Porsche Automobil Holding	Pair Corr
0.65	P911	Porsche AG	Pair Corr
0.78	P9N	LIVEWIRE GROUP DL	Pair Corr
0.65	TSLA	Tesla Inc CDR	Pair Corr

Moving against ECD Stock

0.82	TM	Toyota Motor	Pair Corr
0.69	F	Ford Motor	Pair Corr
0.46	GM	General Motors	Pair Corr
0.34	BMW3	Bayerische Motoren Werke	Pair Corr
0.32	HMC	Honda Motor	Pair Corr
0.67	WGO	Winnebago Industries	Pair Corr
0.66	MMO	Mitsubishi Motors	Pair Corr
0.65	FMC1	Ford Motor	Pair Corr
0.53	THO	Thor Industries	Pair Corr
0.47	YMA	Yamaha Motor	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		-0.1	0.17	-0.57	-0.07	0.83	0.66	0.19	-0.64	-0.52	MCFT
MPX	-0.1		-0.65	0.63	-0.31	0.25	0.36	0.22	0.09	0.16	MPX
NIU	0.17	-0.65		-0.5	0.21	-0.15	-0.08	0.1	-0.09	-0.05	NIU
MPAA	-0.57	0.63	-0.5		-0.09	-0.14	0.08	0.23	0.62	0.26	MPAA
HLLY	-0.07	-0.31	0.21	-0.09		-0.07	-0.25	-0.07	0.12	0.17	HLLY
HVT	0.83	0.25	-0.15	-0.14	-0.07		0.81	0.38	-0.3	-0.44	HVT
ONEW	0.66	0.36	-0.08	0.08	-0.25	0.81		0.62	-0.15	-0.45	ONEW
GCO	0.19	0.22	0.1	0.23	-0.07	0.38	0.62		0.12	-0.18	GCO
INVZ	-0.64	0.09	-0.09	0.62	0.12	-0.3	-0.15	0.12		0.35	INVZ
WW	-0.52	0.16	-0.05	0.26	0.17	-0.44	-0.45	-0.18	0.35		WW
	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW

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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

HVT	+ 0.83	MCFT
ONEW	+ 0.81	HVT
ONEW	+ 0.66	MCFT
MPAA	+ 0.63	MPX
INVZ	+ 0.62	MPAA
GCO	+ 0.62	ONEW

High negative correlations

NIU	- 0.65	MPX
INVZ	- 0.64	MCFT
MPAA	- 0.57	MCFT
WW	- 0.52	MCFT
MPAA	- 0.5	NIU
WW	- 0.45	ONEW

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
MCFT	1.61	0.18	0.10	0.22	1.77	(1.86)	3.91	(3.22)	9.66
MPX	1.89	(0.22)	0.00	(0.06)	0.00	0.00	3.34	(3.55)	21.83
NIU	2.79	0.08	0.03	0.14	3.32	(3.08)	5.76	(4.97)	13.78
MPAA	2.41	(0.39)	0.00	(0.20)	0.00	0.00	5.31	(5.08)	23.62
HLLY	1.79	(0.02)	0.00	0.06	2.28	(1.87)	4.40	(3.11)	11.37
HVT	1.53	(0.03)	(0.01)	0.06	1.52	(1.95)	3.46	(2.67)	10.04
ONEW	2.74	(0.13)	0.00	0.03	3.65	(2.66)	5.18	(5.84)	15.61
GCO	3.30	(0.31)	0.00	(0.05)	0.00	0.00	7.52	(6.77)	37.89
INVZ	3.34	(0.69)	0.00	(0.13)	0.00	0.00	7.26	(6.61)	34.74
WW	3.83	(0.32)	0.00	(0.03)	0.00	0.00	10.92	(7.97)	25.80

ECD Automotive Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ECD Automotive stock to make a market-neutral strategy. Peer analysis of ECD Automotive could also be used in its relative valuation, which is a method of valuing ECD Automotive by comparing valuation metrics with similar companies.

MCBC Holdings Marine Products Niu Technologies Motorcar Parts of Holley Inc Haverty Furniture Companies Onewater Marine Genesco Innoviz Technologies WW International Common American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

ECD Automotive Corporate Management

Teddy Lawrence	Head Sales	Profile
Raymond Cole	Chief Officer	Profile
Jolie	Controller	Profile
Keven Kastner	Chief Officer	Profile
Kevin Gonzalez	Head Content	Profile

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