Faraday Future Correlations

FFAI Stock

1.19 0.04 3.25%

The current 90-days correlation between Faraday Future Intel and Roboai Inc is 0.06 (i.e., Significant diversification). The correlation of Faraday Future 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.

Faraday Future Correlation With Market

Weak diversification

The correlation between Faraday Future Intelligent and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Faraday Future Intelligent and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Faraday Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Faraday Future Intelligent. 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 Faraday Stock

0.85	LI	Li Auto	Pair Corr
0.85	ZK	ZEEKR Intelligent	Pair Corr
0.89	ECDA	ECD Automotive Design	Pair Corr
0.85	300643	Hamaton Automotive	Pair Corr
0.83	000550	Jiangling Motors Corp	Pair Corr
0.77	601633	Great Wall Motor	Pair Corr
0.87	EMPD	Empery Digital Symbol Change	Pair Corr
0.79	FLYE	Fly E Group,	Pair Corr
0.79	HMC	Honda Motor	Pair Corr
0.91	LOT	Lotus Technology American	Pair Corr
0.75	NIO	Nio Class A	Pair Corr
0.61	200625	Chongqing Changan	Pair Corr
0.63	601777	Lifan Industry Group	Pair Corr
0.71	FHYD	First Hydrogen Corp	Pair Corr
0.8	200550	Jiangling Motors Corp	Pair Corr
0.85	LCID	Lucid Group Aggressive Push	Pair Corr
0.77	VFSWW	VinFast Auto	Pair Corr
0.71	603178	Ningbo Shenglong Aut	Pair Corr
0.79	601127	Chongqing Sokon Ind	Pair Corr
0.88	PSNY	Polestar Automotive Trending	Pair Corr

Moving against Faraday Stock

0.74	GM	General Motors	Pair Corr
0.71	F	Ford Motor	Pair Corr
0.57	VFS	VinFast Auto	Pair Corr
0.34	WGO	Winnebago Industries	Pair Corr
0.32	TM	Toyota Motor	Pair Corr
0.9	000572	Haima Automobile	Pair Corr
0.74	0NXX	Mercedes Benz Group	Pair Corr
0.62	0P6N	Volkswagen AG	Pair Corr
0.58	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.53	601238	Guangzhou Automobile	Pair Corr
0.32	STLA	Stellantis NV	Pair Corr

Related Correlations Analysis

	CJET	AIIO	CAAS	VRM	MAMO	DIBS	CLAR	SORA	MED	BSET
CJET		0.67	0.52	0.57	-0.81	-0.91	-0.24	0.84	0.79	-0.39	CJET
AIIO	0.67		0.8	0.61	-0.65	-0.78	0.08	0.67	0.84	-0.12	AIIO
CAAS	0.52	0.8		0.73	-0.51	-0.65	0.16	0.5	0.83	0.06	CAAS
VRM	0.57	0.61	0.73		-0.4	-0.59	-0.03	0.54	0.86	0.3	VRM
MAMO	-0.81	-0.65	-0.51	-0.4		0.87	0.17	-0.71	-0.64	0.64	MAMO
DIBS	-0.91	-0.78	-0.65	-0.59	0.87		0.26	-0.84	-0.82	0.42	DIBS
CLAR	-0.24	0.08	0.16	-0.03	0.17	0.26		-0.24	-0.07	0.13	CLAR
SORA	0.84	0.67	0.5	0.54	-0.71	-0.84	-0.24		0.77	-0.29	SORA
MED	0.79	0.84	0.83	0.86	-0.64	-0.82	-0.07	0.77		0.02	MED
BSET	-0.39	-0.12	0.06	0.3	0.64	0.42	0.13	-0.29	0.02		BSET
	CJET	AIIO	CAAS	VRM	MAMO	DIBS	CLAR	SORA	MED	BSET

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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

DIBS	+ 0.87	MAMO
MED	+ 0.86	VRM
SORA	+ 0.84	CJET
MED	+ 0.84	AIIO
MED	+ 0.83	CAAS
CAAS	+ 0.8	AIIO

High negative correlations

DIBS	- 0.91	CJET
SORA	- 0.84	DIBS
MED	- 0.82	DIBS
MAMO	- 0.81	CJET
DIBS	- 0.78	AIIO
SORA	- 0.71	MAMO

Risk-Adjusted Indicators

There is a big difference between Faraday Stock performing well and Faraday Future 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 Faraday Future'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
CJET	10.96	(2.34)	0.00	(0.59)	0.00	0.00	20.99	(21.84)	228.12
AIIO	8.81	(1.84)	0.00	(1.17)	0.00	0.00	19.70	(20.65)	75.86
CAAS	1.46	(0.19)	0.00	0.55	0.00	0.00	3.02	(3.27)	11.14
VRM	3.88	(0.30)	0.00	(0.07)	0.00	0.00	10.29	(6.21)	22.57
MAMO	4.31	0.68	0.08	2.97	6.89	(4.54)	9.49	(9.22)	40.92
DIBS	3.31	1.01	0.37	0.48	2.34	(4.15)	9.58	(4.49)	23.12
CLAR	1.98	(0.15)	0.00	(0.12)	0.00	0.00	3.66	(4.04)	16.48
SORA	4.59	(0.58)	0.00	(0.23)	0.00	0.00	8.78	(8.59)	71.58
MED	1.48	(0.43)	0.00	(0.34)	0.00	0.00	3.02	(3.67)	8.87
BSET	1.61	0.12	0.05	0.22	1.87	(1.94)	3.98	(3.67)	12.86

Faraday Future Corporate Management

Koti Meka	Chief Officer	Profile
Connie Zhao	Head Integration	Profile
Steven Park	Head Relations	Profile
Scott Graziano	Global Secretary	Profile

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