Lion Electric Correlations

Summary

LEVDelisted Stock

USD 0.07 0.1 58.76%

The current 90-days correlation between Lion Electric Corp and Xos Inc is 0.02 (i.e., Significant diversification). The correlation of Lion Electric 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.

Lion Electric Correlation With Market

Average diversification

The correlation between Lion Electric Corp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lion Electric Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lion Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lion Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lion Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lion Electric Corp to buy it.

Moving together with Lion OTC Stock

0.94	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr
0.84	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Lion OTC Stock

0.83	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.7	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.63	LGCY	Legacy Education	Pair Corr
0.62	META	Meta Platforms Aggressive Push	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.6	AXP	American Express	Pair Corr
0.52	MMM	3M Company	Pair Corr
0.4	IBM	International Business Tech Boost	Pair Corr
0.35	AAPL	Apple Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	XOS	IDEX	NKLA	WNC	ZEV	HIPH	TWI	DE	CAT	HYFM
XOS		0.6	0.87	0.69	0.58	-0.21	-0.28	-0.57	0.38	0.11	XOS
IDEX	0.6		0.52	0.52	0.5	-0.23	-0.2	-0.04	0.46	0.5	IDEX
NKLA	0.87	0.52		0.42	0.7	-0.16	-0.31	-0.62	0.25	0.02	NKLA
WNC	0.69	0.52	0.42		0.14	-0.24	-0.14	-0.27	0.44	0.31	WNC
ZEV	0.58	0.5	0.7	0.14		-0.16	-0.18	-0.34	0.17	-0.03	ZEV
HIPH	-0.21	-0.23	-0.16	-0.24	-0.16		0.41	0.24	0.27	-0.15	HIPH
TWI	-0.28	-0.2	-0.31	-0.14	-0.18	0.41		0.68	0.42	0.18	TWI
DE	-0.57	-0.04	-0.62	-0.27	-0.34	0.24	0.68		0.35	0.49	DE
CAT	0.38	0.46	0.25	0.44	0.17	0.27	0.42	0.35		0.34	CAT
HYFM	0.11	0.5	0.02	0.31	-0.03	-0.15	0.18	0.49	0.34		HYFM
	XOS	IDEX	NKLA	WNC	ZEV	HIPH	TWI	DE	CAT	HYFM

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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

NKLA	+ 0.87	XOS
ZEV	+ 0.7	NKLA
WNC	+ 0.69	XOS
DE	+ 0.68	TWI
IDEX	+ 0.6	XOS
ZEV	+ 0.58	XOS

High negative correlations

DE	- 0.62	NKLA
DE	- 0.57	XOS
DE	- 0.34	ZEV
TWI	- 0.31	NKLA
TWI	- 0.28	XOS
DE	- 0.27	WNC

Risk-Adjusted Indicators

There is a big difference between Lion OTC Stock performing well and Lion Electric OTC Stock 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 Lion Electric'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
XOS	3.22	(0.61)	0.00	(0.73)	0.00	0.00	8.23	(6.46)	29.19
IDEX	549.66	302.41	5.09	(3.67)	59.05	(747.80)	800.00	(92.00)	16,626
NKLA	5.81	(2.23)	0.00	(16.84)	0.00	0.00	9.82	(17.48)	51.38
WNC	1.82	(0.19)	0.00	(1.45)	0.00	0.00	2.81	(4.07)	12.32
ZEV	5.84	(0.32)	0.00	0.29	0.00	0.00	12.37	(12.78)	52.79
HIPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWI	3.13	0.46	0.09	2.85	3.85	(3.81)	6.72	(5.17)	41.41
DE	1.33	0.22	0.12	0.57	1.20	(1.62)	3.59	(1.91)	12.01
CAT	1.31	(0.08)	0.00	(0.09)	0.00	0.00	2.50	(3.10)	13.38
HYFM	3.55	(0.05)	0.00	0.04	3.70	(4.95)	8.33	(7.02)	26.75

Lion Electric 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 Lion Electric otc stock to make a market-neutral strategy. Peer analysis of Lion Electric could also be used in its relative valuation, which is a method of valuing Lion Electric by comparing valuation metrics with similar companies.

Xos Inc Ideanomics Nikola Corp Wabash National Lightning EMotors American Premium Water Titan International Deere Company Caterpillar Hydrofarm Holdings Group Urban Gro CEA Industries Volvo AB ADR Gencor Industries American Airlines Group

Risk & Return

Correlation

Lion Electric Corporate Management

Elected by the shareholders, the Lion Electric's board of directors comprises two types of representatives: Lion Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lion. The board's role is to monitor Lion Electric's management team and ensure that shareholders' interests are well served. Lion Electric's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lion Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.

Maxime Gauvin	Vice Development	Profile
Brian Piern	Chief Officer	Profile
Richard Coulombe	Chief Officer	Profile
Nate Baguio	Senior USA	Profile
Vince Spadafora	Senior Treasurer	Profile
Michel Ringuet	Lead Independent Director	Profile
Pierreolivier Perras	Director	Profile

Still Interested in Lion Electric Corp?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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