Kandi Technologies Correlations
| KNDI Stock | USD 1.15 0.08 7.48% |
The current 90-days correlation between Kandi Technologies and Sypris Solutions is 0.14 (i.e., Average diversification). The correlation of Kandi Technologies 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.
Kandi Technologies Correlation With Market
Modest diversification
The correlation between Kandi Technologies Group and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kandi Technologies Group and DJI in the same portfolio, assuming nothing else is changed.
Kandi |
Moving together with Kandi Stock
| 0.88 | VLCN | Volcon Inc | PairCorr |
| 0.68 | ECDA | ECD Automotive Design | PairCorr |
| 0.8 | EVTV | Envirotech Vehicles | PairCorr |
| 0.63 | BWA | BorgWarner | PairCorr |
| 0.92 | FOXF | Fox Factory Holding | PairCorr |
| 0.67 | HMC | Honda Motor | PairCorr |
| 0.68 | HOG | Harley Davidson | PairCorr |
| 0.65 | LEA | Lear | PairCorr |
| 0.75 | LOT | Lotus Technology American | PairCorr |
| 0.81 | NIO | Nio Class A Aggressive Push | PairCorr |
| 0.88 | NIU | Niu Technologies | PairCorr |
| 0.91 | PEV | Phoenix Motor Common | PairCorr |
Moving against Kandi Stock
| 0.71 | GTX | Garrett Motion | PairCorr |
| 0.57 | WKSP | Worksport | PairCorr |
| 0.56 | DORM | Dorman Products | PairCorr |
| 0.55 | ZK | ZEEKR Intelligent | PairCorr |
| 0.5 | TM | Toyota Motor | PairCorr |
| 0.5 | FRSX | Foresight Autonomous | PairCorr |
| 0.44 | DAN | Dana Inc | PairCorr |
| 0.39 | ECX | ECARX Holdings Class | PairCorr |
| 0.32 | GT | Goodyear Tire Rubber | PairCorr |
| 0.75 | HSAI | Hesai Group American | PairCorr |
| 0.63 | VFS | VinFast Auto | PairCorr |
| 0.5 | INVZ | Innoviz Technologies | PairCorr |
| 0.4 | XPEV | Xpeng Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kandi Stock performing well and Kandi Technologies 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 Kandi Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HYLN | 3.87 | 0.08 | 0.02 | 0.04 | 3.78 | 9.30 | 36.71 | |||
| FRSX | 6.63 | 1.78 | 0.29 | 0.92 | 5.10 | 35.87 | 61.80 | |||
| AEVA | 3.83 | 0.47 | 0.11 | 0.47 | 3.78 | 9.28 | 23.82 | |||
| LIDR | 8.15 | 0.83 | 0.08 | (0.51) | 9.79 | 14.78 | 92.02 | |||
| INVZ | 6.80 | 1.55 | 0.25 | (13.69) | 5.28 | 19.18 | 47.59 | |||
| SYPR | 4.62 | 0.84 | 0.13 | 0.71 | 4.93 | 6.34 | 76.06 | |||
| WPRT | 2.06 | (0.17) | 0.00 | (0.41) | 0.00 | 5.56 | 14.74 | |||
| LAZR | 5.99 | (0.65) | 0.00 | (3.53) | 0.00 | 14.81 | 39.83 | |||
| QS | 3.46 | 0.02 | 0.01 | (0.06) | 3.66 | 8.30 | 34.54 | |||
| DAN | 2.78 | 0.36 | 0.09 | 0.39 | 3.94 | 6.80 | 20.84 |