ECARX Holdings Correlations

ECX Stock

1.61 0.04 2.42%

The current 90-days correlation between ECARX Holdings Class and Monro Muffler Brake is -0.08 (i.e., Good diversification). The correlation of ECARX Holdings 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.

ECARX Holdings Correlation With Market

Significant diversification

The correlation between ECARX Holdings Class and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECARX Holdings Class 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 ECARX Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against ECARX Stock

0.55	BH	Biglari Holdings	Pair Corr
0.38	ALV	Autoliv	Pair Corr
0.34	SAH	Sonic Automotive	Pair Corr

Related Correlations Analysis

	DORM	MNRO	SMP	SRI	CPS	AXL	LEA	CVGI	ADNT
DORM		0.54	0.51	-0.78	0.51	0.34	-0.76	-0.82	-0.66	DORM
MNRO	0.54		0.35	-0.58	0.38	0.52	-0.39	-0.45	0.0	MNRO
SMP	0.51	0.35		-0.13	0.47	0.26	-0.17	-0.23	-0.15	SMP
SRI	-0.78	-0.58	-0.13		-0.06	-0.03	0.92	0.92	0.68	SRI
CPS	0.51	0.38	0.47	-0.06		0.64	-0.04	-0.15	-0.11	CPS
AXL	0.34	0.52	0.26	-0.03	0.64		0.14	-0.08	0.27	AXL
LEA	-0.76	-0.39	-0.17	0.92	-0.04	0.14		0.88	0.83	LEA
CVGI	-0.82	-0.45	-0.23	0.92	-0.15	-0.08	0.88		0.73	CVGI
ADNT	-0.66	0.0	-0.15	0.68	-0.11	0.27	0.83	0.73		ADNT
	DORM	MNRO	SMP	SRI	CPS	AXL	LEA	CVGI	ADNT

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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

LEA	+ 0.92	SRI
CVGI	+ 0.92	SRI
CVGI	+ 0.88	LEA
ADNT	+ 0.83	LEA
ADNT	+ 0.73	CVGI
ADNT	+ 0.68	SRI

High negative correlations

CVGI	- 0.82	DORM
SRI	- 0.78	DORM
LEA	- 0.76	DORM
ADNT	- 0.66	DORM
SRI	- 0.58	MNRO
CVGI	- 0.45	MNRO

Risk-Adjusted Indicators

There is a big difference between ECARX Stock performing well and ECARX Holdings 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 ECARX Holdings' 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
DORM	1.32	0.28	0.21	0.44	0.91	(1.63)	3.10	(2.03)	14.67
MNRO	1.45	(0.13)	(0.05)	0.03	1.66	(1.65)	3.64	(2.57)	10.48
SMP	1.77	(0.05)	0.01	0.09	1.91	(1.98)	3.71	(3.41)	24.56
SRI	2.83	(1.33)	0.00	(0.32)	0.00	0.00	5.25	(6.29)	30.14
CPS	2.68	(0.32)	0.00	(0.01)	0.00	0.00	5.54	(6.64)	24.31
AXL	1.97	(0.17)	(0.02)	0.04	2.11	(2.26)	5.00	(3.27)	12.38
LEA	1.41	(0.37)	0.00	(0.17)	0.00	0.00	2.83	(3.17)	9.76
CVGI	3.03	(0.82)	0.00	(0.19)	0.00	0.00	7.11	(6.06)	30.58
ADNT	1.87	(0.30)	0.00	(0.09)	0.00	0.00	4.08	(4.22)	10.66

ECARX Holdings Corporate Management

Peter Cirino	Chief Officer	Profile
Andrew Winterton	General Officer	Profile
Phil Zhou	Chief Officer	Profile
Jing Zhou	Chief Officer	Profile

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