Lotus Technology Correlations

LOT Stock

3.47 0.07 1.98%

The current 90-days correlation between Lotus Technology American and Artisan Partners Asset is 0.16 (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

Good diversification

The correlation between Lotus Technology American and DJI is -0.12 (i.e., Good 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

0.73	F	Ford Motor Aggressive Push	Pair Corr
0.7	VLCN	Volcon Inc	Pair Corr
0.83	EVTV	Envirotech Vehicles	Pair Corr
0.75	FOXF	Fox Factory Holding	Pair Corr
0.64	HOG	Harley Davidson	Pair Corr
0.66	NIO	Nio Class A Aggressive Push	Pair Corr
0.71	NIU	Niu Technologies	Pair Corr
0.63	PEV	Phoenix Motor Common	Pair Corr

Moving against Lotus Stock

0.69	DAN	Dana Inc	Pair Corr
0.63	WKSP	Worksport	Pair Corr
0.55	ZK	ZEEKR Intelligent	Pair Corr
0.47	TM	Toyota Motor	Pair Corr
0.87	GTX	Garrett Motion	Pair Corr
0.63	ECX	ECARX Holdings Class	Pair Corr
0.55	VFS	VinFast Auto	Pair Corr
0.46	FRSX	Foresight Autonomous	Pair Corr
0.31	SES	SES AI Corp	Pair Corr

Related Correlations Analysis

	WAVS	APAM	CRTTF	GATO	NB	TCI	ABR	IPXXU
WAVS		-0.47	0.0	0.47	0.52	-0.58	-0.06	-0.16	WAVS
APAM	-0.47		0.0	-0.01	-0.43	0.13	0.53	-0.3	APAM
CRTTF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CRTTF
GATO	0.47	-0.01	0.0		0.61	-0.51	0.6	-0.56	GATO
NB	0.52	-0.43	0.0	0.61		-0.26	0.21	-0.2	NB
TCI	-0.58	0.13	0.0	-0.51	-0.26		-0.28	0.26	TCI
ABR	-0.06	0.53	0.0	0.6	0.21	-0.28		-0.72	ABR
IPXXU	-0.16	-0.3	0.0	-0.56	-0.2	0.26	-0.72		IPXXU
	WAVS	APAM	CRTTF	GATO	NB	TCI	ABR	IPXXU

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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

NB	+ 0.61	GATO
ABR	+ 0.6	GATO
ABR	+ 0.53	APAM
NB	+ 0.52	WAVS
GATO	+ 0.47	WAVS
IPXXU	+ 0.26	TCI

High negative correlations

IPXXU	- 0.72	ABR
TCI	- 0.58	WAVS
IPXXU	- 0.56	GATO
TCI	- 0.51	GATO
APAM	- 0.47	WAVS
NB	- 0.43	APAM

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
WAVS	1.34	0.15	0.06	4.25	1.57	(2.77)	4.63	(3.25)	12.07
APAM	1.41	0.00	0.00	0.00	2.15	(1.27)	2.36	(3.19)	13.30
CRTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GATO	2.72	(0.16)	0.00	2.30	0.00	0.00	6.82	(5.10)	22.78
NB	3.63	(0.08)	0.00	(0.42)	0.00	0.00	7.24	(7.96)	28.43
TCI	1.42	(0.04)	0.00	0.27	0.00	0.00	2.63	(3.53)	10.82
ABR	1.05	(0.11)	0.00	(0.33)	0.00	0.00	1.61	(2.34)	6.36
IPXXU	1.69	0.34	0.05	1.44	1.99	(6.50)	5.11	(5.99)	31.67

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