Li Auto Correlations

Li Auto Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Li Auto. 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. For more detail on how to invest in Li Auto Stock please use our How to Invest in Li Auto guide.

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 ULTA + 0.8 DRI RIVN + 0.78 RL ULTA + 0.76 RL ULTA + 0.75 RIVN NIO + 0.74 GELHY QSR + 0.73 RL

High negative correlations RL - 0.9 NIO RIVN - 0.81 NIO ULTA - 0.78 NIO QSR - 0.7 NIO RIVN - 0.62 GELHY RL - 0.61 XPEV

Risk-Adjusted Indicators

There is a big difference between Li Auto Stock performing well and Li Auto 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 Li Auto'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.