Lotus Technology Correlations

LOTWW Stock

0.27 0.01 3.85%

The current 90-days correlation between Lotus Technology Warrants and Xponential Fitness is -0.07 (i.e., Good 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

Significant diversification

The correlation between Lotus Technology Warrants and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotus Technology Warrants 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 Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Lotus Stock

0.66	GOEVW	Canoo Holdings	Pair Corr
0.78	EBET	Ebet Inc	Pair Corr
0.66	EFOI	Energy Focu	Pair Corr
0.86	WPRT	Westport Fuel Systems	Pair Corr
0.75	IVP	Inspire Veterinary	Pair Corr

Moving against Lotus Stock

0.68	FLUT	Flutter Entertainment plc	Pair Corr
0.5	SW	Smurfit WestRock plc	Pair Corr
0.5	DIIBF	Dorel Industries	Pair Corr
0.42	DRVN	Driven Brands Holdings	Pair Corr
0.4	DXYN	Dixie Group	Pair Corr
0.38	IP	International Paper	Pair Corr
0.71	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.69	SEE	Sealed Air	Pair Corr
0.64	BC-PB	Brunswick Corp	Pair Corr
0.59	KFS	Kingsway Financial	Pair Corr
0.58	CCK	Crown Holdings	Pair Corr
0.55	NCI	Neo Concept Internat	Pair Corr
0.54	MLR	Miller Industries	Pair Corr
0.52	KRT	Karat Packaging	Pair Corr
0.51	BC-PA	Brunswick Corp	Pair Corr
0.49	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr
0.49	BC-PC	Brunswick Corp	Pair Corr

Related Correlations Analysis

	GOLD	XPOF	RDNT	NEOG	ALVO	CC	NVNO	HIHO
GOLD		-0.64	-0.7	0.17	-0.12	-0.1	0.27	-0.05	GOLD
XPOF	-0.64		0.59	0.16	-0.12	-0.13	0.15	0.1	XPOF
RDNT	-0.7	0.59		-0.09	0.16	0.39	-0.48	0.32	RDNT
NEOG	0.17	0.16	-0.09		-0.67	0.05	0.7	-0.49	NEOG
ALVO	-0.12	-0.12	0.16	-0.67		0.39	-0.75	0.37	ALVO
CC	-0.1	-0.13	0.39	0.05	0.39		-0.51	0.1	CC
NVNO	0.27	0.15	-0.48	0.7	-0.75	-0.51		-0.47	NVNO
HIHO	-0.05	0.1	0.32	-0.49	0.37	0.1	-0.47		HIHO
	GOLD	XPOF	RDNT	NEOG	ALVO	CC	NVNO	HIHO

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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

NVNO	+ 0.7	NEOG
RDNT	+ 0.59	XPOF
CC	+ 0.39	RDNT
CC	+ 0.39	ALVO
HIHO	+ 0.37	ALVO
HIHO	+ 0.32	RDNT

High negative correlations

NVNO	- 0.75	ALVO
RDNT	- 0.7	GOLD
ALVO	- 0.67	NEOG
XPOF	- 0.64	GOLD
NVNO	- 0.51	CC
HIHO	- 0.49	NEOG

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
GOLD	1.51	(0.17)	0.00	1.52	0.00	0.00	2.85	(3.49)	9.58
XPOF	2.86	0.15	0.05	0.20	3.07	(3.12)	5.96	(5.28)	32.73
RDNT	2.01	0.33	0.17	0.30	1.82	(2.16)	3.77	(2.61)	22.33
NEOG	2.07	(0.27)	0.00	(0.06)	0.00	0.00	4.11	(6.46)	11.75
ALVO	1.20	(0.02)	0.00	0.26	0.00	0.00	3.15	(2.83)	8.63
CC	2.22	0.02	0.03	0.10	2.19	(2.67)	4.67	(3.97)	18.86
NVNO	2.71	(0.64)	0.00	(0.95)	0.00	0.00	4.22	(4.76)	33.20
HIHO	1.82	0.15	0.03	0.45	2.99	(2.13)	2.73	(2.70)	41.88

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