Lotus Technology Correlations

LOT Stock

4.27 0.04 0.93%

The current 90-days correlation between Lotus Technology American and Grocery Outlet Holding is 0.1 (i.e., Average diversification). The correlation of Lotus Technology 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.

Lotus Technology Correlation With Market

Average diversification

The correlation between Lotus Technology American and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotus Technology American 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 Lotus Technology American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Lotus Stock

0.76	TM	Toyota Motor	Pair Corr
0.69	VC	Visteon Corp	Pair Corr
0.86	VLCN	Volcon Inc	Pair Corr
0.73	ECDA	ECD Automotive Design Symbol Change	Pair Corr
0.83	FFIE	Faraday Future Intel	Pair Corr
0.84	FRSX	Foresight Autonomous	Pair Corr
0.78	GGR	Gogoro Inc	Pair Corr
0.61	GTX	Garrett Motion	Pair Corr
0.63	HMC	Honda Motor	Pair Corr
0.78	HOG	Harley Davidson	Pair Corr
0.84	LEA	Lear	Pair Corr
0.82	SES	SES AI Corp	Pair Corr
0.88	SRI	Stoneridge	Pair Corr
0.8	SUP	Superior Industries	Pair Corr
0.85	ZAPP	Zapp Electric Vehicles	Pair Corr
0.86	HYZN	Hyzon Motors	Pair Corr
0.86	LCID	Lucid Group Aggressive Push	Pair Corr

Moving against Lotus Stock

0.74	ZK	ZEEKR Intelligent	Pair Corr
0.6	GM	General Motors Aggressive Push	Pair Corr
0.6	DORM	Dorman Products	Pair Corr
0.54	LI	Li Auto	Pair Corr
0.52	WKSP	Worksport	Pair Corr
0.46	WKHS	Workhorse Group Buyout Trend	Pair Corr
0.32	GT	Goodyear Tire Rubber	Pair Corr
0.83	AS	Amer Sports,	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.65	JD	JD Inc Adr	Pair Corr
0.64	BQ	Boqii Holding Limited	Pair Corr
0.5	LOBO	LOBO EV TECHNOLOGIES	Pair Corr
0.46	EM	Smart Share Global	Pair Corr
0.4	H	Hyatt Hotels	Pair Corr
0.34	M	Macys Inc Buyout Trend	Pair Corr

Related Correlations Analysis

	GO	TITN	GTY	UPPR	WNW	TBBB	OGSM
GO		0.36	0.24	0.0	0.2	0.17	0.0	GO
TITN	0.36		0.34	0.0	-0.28	0.65	0.0	TITN
GTY	0.24	0.34		0.0	-0.24	0.53	0.0	GTY
UPPR	0.0	0.0	0.0		0.0	0.0	1.0	UPPR
WNW	0.2	-0.28	-0.24	0.0		-0.4	0.0	WNW
TBBB	0.17	0.65	0.53	0.0	-0.4		0.0	TBBB
OGSM	0.0	0.0	0.0	1.0	0.0	0.0		OGSM
	GO	TITN	GTY	UPPR	WNW	TBBB	OGSM

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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

OGSM	+ 1.0	UPPR
TBBB	+ 0.65	TITN
TBBB	+ 0.53	GTY
TITN	+ 0.36	GO
GTY	+ 0.34	TITN
GTY	+ 0.24	GO

High negative correlations

TBBB	- 0.4	WNW
WNW	- 0.28	TITN
WNW	- 0.24	GTY
OGSM	- 0.0	TBBB
OGSM	- 0.0	WNW
TBBB	- 0.0	UPPR

Risk-Adjusted Indicators

There is a big difference between Lotus Stock performing well and Lotus Technology 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 Lotus Technology'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
GO	2.62	(0.03)	0.02	0.11	3.69	(2.84)	5.45	(5.23)	22.16
TITN	2.18	(0.16)	0.02	0.06	2.71	(2.30)	5.83	(4.18)	19.53
GTY	0.65	0.07	(0.03)	0.53	0.56	(0.80)	1.66	(1.23)	3.93
UPPR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WNW	2.56	(0.11)	0.00	(0.03)	0.00	0.00	6.25	(5.81)	29.28
TBBB	1.83	0.10	0.04	0.23	2.09	(2.05)	3.20	(3.51)	15.41
OGSM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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