LOBO EV Correlations

LOBO Stock

2.07 0.25 10.78%

The current 90-days correlation between LOBO EV TECHNOLOGIES and Ford Motor is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LOBO EV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LOBO EV TECHNOLOGIES moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LOBO EV Correlation With Market

Good diversification

The correlation between LOBO EV TECHNOLOGIES and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOBO EV TECHNOLOGIES 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 LOBO EV TECHNOLOGIES. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with LOBO Stock

0.63

ZEEKR Intelligent

Pair Corr

Moving against LOBO Stock

0.6	HOG	Harley Davidson	Pair Corr
0.43	VLCN	Volcon Inc	Pair Corr
0.42	ECDA	ECD Automotive Design Symbol Change	Pair Corr
0.41	TM	Toyota Motor	Pair Corr
0.33	FFIE	Faraday Future Intel	Pair Corr
0.33	FRSX	Foresight Autonomous	Pair Corr
0.63	GV	Visionary Education	Pair Corr
0.5	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.46	AN	AutoNation	Pair Corr
0.42	FL	Foot Locker Earnings Call This Week	Pair Corr
0.38	SES	SES AI Corp	Pair Corr
0.38	SRI	Stoneridge	Pair Corr
0.38	NCNC	noco noco Ordinary	Pair Corr
0.37	LCID	Lucid Group Aggressive Push	Pair Corr

Related Correlations Analysis

	F	GM	GT	LI	QS	TM	VC	ZK	DORM	VLCN
F		0.61	0.62	-0.21	-0.12	0.02	0.16	-0.04	0.42	-0.05	F
GM	0.61		0.74	0.02	-0.65	-0.38	-0.23	0.41	0.87	-0.59	GM
GT	0.62	0.74		0.13	-0.52	-0.09	0.0	0.42	0.76	-0.46	GT
LI	-0.21	0.02	0.13		-0.1	-0.35	-0.37	0.82	-0.01	-0.6	LI
QS	-0.12	-0.65	-0.52	-0.1		0.44	0.44	-0.44	-0.71	0.68	QS
TM	0.02	-0.38	-0.09	-0.35	0.44		0.79	-0.54	-0.38	0.69	TM
VC	0.16	-0.23	0.0	-0.37	0.44	0.79		-0.43	-0.36	0.73	VC
ZK	-0.04	0.41	0.42	0.82	-0.44	-0.54	-0.43		0.39	-0.77	ZK
DORM	0.42	0.87	0.76	-0.01	-0.71	-0.38	-0.36	0.39		-0.64	DORM
VLCN	-0.05	-0.59	-0.46	-0.6	0.68	0.69	0.73	-0.77	-0.64		VLCN
	F	GM	GT	LI	QS	TM	VC	ZK	DORM	VLCN

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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

DORM	+ 0.87	GM
ZK	+ 0.82	LI
VC	+ 0.79	TM
DORM	+ 0.76	GT
GT	+ 0.74	GM
VLCN	+ 0.73	VC

High negative correlations

VLCN	- 0.77	ZK
DORM	- 0.71	QS
QS	- 0.65	GM
VLCN	- 0.64	DORM
VLCN	- 0.6	LI
VLCN	- 0.59	GM

Risk-Adjusted Indicators

There is a big difference between LOBO Stock performing well and LOBO EV 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 LOBO EV'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
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
GM	1.50	0.19	0.12	0.25	1.63	(1.61)	4.17	(2.76)	12.14
GT	2.27	(0.02)	0.05	0.11	2.38	(2.52)	4.66	(4.07)	17.25
LI	3.46	0.10	0.01	0.29	4.88	(3.64)	10.62	(7.65)	25.86
QS	2.58	(0.23)	0.00	(0.11)	0.00	0.00	4.65	(4.99)	33.56
TM	1.18	(0.13)	0.00	(0.10)	0.00	0.00	2.69	(3.07)	7.42
VC	1.57	(0.23)	0.00	(0.05)	0.00	0.00	3.18	(3.23)	9.85
ZK	5.26	0.46	0.07	0.65	6.10	(6.17)	12.08	(8.80)	48.52
DORM	1.32	0.28	0.21	0.44	0.91	(1.63)	3.10	(2.03)	14.67
VLCN	4.81	(1.53)	0.00	(0.46)	0.00	0.00	10.43	(12.50)	40.13

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