Lion Electric Correlations

LEV Stock

USD 0.24 0.05 26.32%

The current 90-days correlation between Lion Electric Corp and Xos Inc is 0.08 (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 0.12 (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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Lion Stock

0.74	NKLA	Nikola Corp	Pair Corr
0.75	BLBD	Blue Bird Corp Fiscal Year End 9th of December 2024	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Lion Stock

0.8	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.76	AGFY	Agrify Corp Earnings Call This Week	Pair Corr
0.7	GENC	Gencor Industries	Pair Corr
0.67	ALG	Alamo Group	Pair Corr
0.64	OSK	Oshkosh	Pair Corr
0.56	MTW	Manitowoc	Pair Corr
0.5	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.46	LNN	Lindsay	Pair Corr
0.44	MNTX	Manitex International	Pair Corr
0.36	REVG	Rev Group Fiscal Year End 11th of December 2024	Pair Corr
0.87	G	Genpact Limited	Pair Corr
0.86	CR	Crane Company	Pair Corr
0.84	R	Ryder System	Pair Corr
0.84	AZ	A2Z Smart Technologies	Pair Corr
0.8	BR	Broadridge Financial	Pair Corr
0.78	AL	Air Lease	Pair Corr
0.77	ASTE	Astec Industries	Pair Corr
0.77	BE	Bloom Energy Corp Trending	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr
0.69	CMCO	Columbus McKinnon	Pair Corr
0.61	B	Barnes Group	Pair Corr
0.6	J	Jacobs Solutions	Pair Corr
0.52	BV	BrightView Holdings	Pair Corr
0.49	SHYF	Shyft Group	Pair Corr

Related Correlations Analysis

	XOS	IDEX	NKLA	WNC	ZEV	HIPH	TWI	DE	CAT	HYFM
XOS		0.01	0.76	0.3	0.52	0.36	0.57	-0.66	-0.55	-0.24	XOS
IDEX	0.01		0.04	-0.08	-0.14	-0.32	0.24	0.46	0.14	0.66	IDEX
NKLA	0.76	0.04		0.16	0.51	0.27	0.71	-0.6	-0.68	-0.11	NKLA
WNC	0.3	-0.08	0.16		0.28	0.31	0.58	-0.32	-0.23	-0.41	WNC
ZEV	0.52	-0.14	0.51	0.28		0.54	0.42	-0.64	-0.62	-0.23	ZEV
HIPH	0.36	-0.32	0.27	0.31	0.54		0.16	-0.61	-0.42	-0.46	HIPH
TWI	0.57	0.24	0.71	0.58	0.42	0.16		-0.42	-0.62	-0.1	TWI
DE	-0.66	0.46	-0.6	-0.32	-0.64	-0.61	-0.42		0.81	0.6	DE
CAT	-0.55	0.14	-0.68	-0.23	-0.62	-0.42	-0.62	0.81		0.22	CAT
HYFM	-0.24	0.66	-0.11	-0.41	-0.23	-0.46	-0.1	0.6	0.22		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

CAT	+ 0.81	DE
NKLA	+ 0.76	XOS
TWI	+ 0.71	NKLA
HYFM	+ 0.66	IDEX
HYFM	+ 0.6	DE
TWI	+ 0.58	WNC

High negative correlations

CAT	- 0.68	NKLA
DE	- 0.66	XOS
DE	- 0.64	ZEV
CAT	- 0.62	TWI
CAT	- 0.62	ZEV
DE	- 0.61	HIPH

Risk-Adjusted Indicators

There is a big difference between Lion Stock performing well and Lion Electric 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 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	2.05	(0.53)	0.00	(1.14)	0.00	0.00	2.80	(4.94)	29.19
IDEX	4.16	(0.23)	0.00	5.48	0.00	0.00	11.32	(9.09)	25.90
NKLA	4.36	(1.99)	0.00	(0.81)	0.00	0.00	6.76	(12.50)	42.89
WNC	1.49	(0.13)	(0.04)	0.00	1.76	(1.60)	2.89	(2.92)	9.47
ZEV	5.84	(0.47)	0.00	(0.65)	0.00	0.00	12.37	(12.78)	52.79
HIPH	2.45	(1.26)	0.00	9.14	0.00	0.00	0.00	0.00	50.00
TWI	2.32	(0.39)	0.00	(0.04)	0.00	0.00	4.15	(5.01)	19.13
DE	0.97	0.08	0.03	0.22	1.17	(1.02)	1.84	(1.86)	6.32
CAT	1.26	0.01	0.06	0.09	1.35	(1.35)	3.36	(2.13)	12.38
HYFM	3.16	0.34	0.04	(0.26)	3.25	(4.27)	6.25	(5.88)	27.94

Lion Electric Corporate Management

Ian Robertson	Independent Director	Profile
Maxime Gauvin	Vice Development	Profile
Brian Piern	Chief Officer	Profile
Richard Coulombe	Chief Officer	Profile
Nate Baguio	Senior USA	Profile
Michel Ringuet	Lead Independent Director	Profile

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