Faraday Future Correlations

FFAIW Stock

0.03 0.0009 2.80%

The current 90-days correlation between Faraday Future Intel and EZGO Technologies is -0.05 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Faraday Future Correlation With Market

Very good diversification

The correlation between Faraday Future Intelligent and DJI is -0.41 (i.e., Very good 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 gross domestic product.

Moving against Faraday Stock

0.51	VWAPY	Volkswagen AG Pref	Pair Corr
0.5	VLKPF	Volkswagen AG VZO	Pair Corr
0.49	VWAGY	Volkswagen AG 110	Pair Corr
0.46	VLKAF	Volkswagen AG	Pair Corr
0.43	BIMT	Bitmis Corp	Pair Corr
0.41	TOYOF	Toyota Motor Corp	Pair Corr
0.37	MBGAF	Mercedes Benz Group	Pair Corr
0.36	TM	Toyota Motor	Pair Corr
0.34	FCTI	Fact Inc	Pair Corr
0.33	MBGYY	Mercedes Benz Group	Pair Corr
0.62	SFST	Southern First Bancshares	Pair Corr
0.62	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.58	PNTRF	Pantera Silver Corp Earnings Call Tomorrow	Pair Corr
0.57	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.56	FFMH	First Farmers	Pair Corr
0.49	RTO	Rentokil Initial PLC	Pair Corr
0.49	CDR-PC	Cedar Realty Trust	Pair Corr
0.48	HG	Hamilton Insurance	Pair Corr
0.46	FELE	Franklin Electric	Pair Corr
0.44	NONOF	Novo Nordisk AS Earnings Call This Week	Pair Corr
0.4	CIMDF	CIMB Group Holdings	Pair Corr
0.38	LYB	LyondellBasell Industries Earnings Call This Week	Pair Corr
0.63	NEXOY	Nexon Co	Pair Corr
0.61	DLX	Deluxe Earnings Call This Week	Pair Corr
0.61	SBSW	Sibanye Gold	Pair Corr
0.6	FNV	Franco Nevada	Pair Corr

Related Correlations Analysis

	VMAR	MKDW	JFBR	YYAI	CTHR	AREB	IVP	NVVE	EZGO
VMAR		0.57	0.91	0.4	-0.42	0.49	-0.13	0.84	0.58	VMAR
MKDW	0.57		0.58	0.25	-0.02	0.45	-0.12	0.52	0.14	MKDW
JFBR	0.91	0.58		0.62	-0.28	0.28	-0.05	0.69	0.47	JFBR
YYAI	0.4	0.25	0.62		-0.22	-0.34	-0.01	0.25	-0.05	YYAI
CTHR	-0.42	-0.02	-0.28	-0.22		-0.27	0.14	-0.35	-0.41	CTHR
AREB	0.49	0.45	0.28	-0.34	-0.27		-0.15	0.44	0.7	AREB
IVP	-0.13	-0.12	-0.05	-0.01	0.14	-0.15		-0.11	-0.06	IVP
NVVE	0.84	0.52	0.69	0.25	-0.35	0.44	-0.11		0.48	NVVE
EZGO	0.58	0.14	0.47	-0.05	-0.41	0.7	-0.06	0.48		EZGO
	VMAR	MKDW	JFBR	YYAI	CTHR	AREB	IVP	NVVE	EZGO

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

JFBR	+ 0.91	VMAR
NVVE	+ 0.84	VMAR
EZGO	+ 0.7	AREB
NVVE	+ 0.69	JFBR
YYAI	+ 0.62	JFBR
EZGO	+ 0.58	VMAR

High negative correlations

CTHR	- 0.42	VMAR
EZGO	- 0.41	CTHR
NVVE	- 0.35	CTHR
AREB	- 0.34	YYAI
CTHR	- 0.28	JFBR
AREB	- 0.27	CTHR

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
VMAR	9.86	(2.11)	0.00	1.41	0.00	0.00	9.84	(24.10)	208.75
MKDW	3.72	(0.79)	0.00	(2.38)	0.00	0.00	7.64	(6.63)	36.75
JFBR	8.63	(1.33)	0.00	3.60	0.00	0.00	13.75	(17.50)	166.56
YYAI	7.88	(2.18)	0.00	(0.70)	0.00	0.00	15.91	(16.36)	50.79
CTHR	61.07	23.52	0.42	(3.64)	32.74	(121.97)	378.26	(80.00)	604.22
AREB	5.29	(2.40)	0.00	(1.60)	0.00	0.00	10.62	(15.00)	35.01
IVP	10,658	6,701	208.22	(0.29)	0.00	(22,345)	19.05	(43.59)	357,210
NVVE	12.28	1.03	0.03	(0.06)	11.92	(22.99)	34.19	(20.38)	250.51
EZGO	6.07	(0.76)	0.00	(1.35)	0.00	0.00	11.58	(10.70)	73.20

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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