Mullen Automotive Correlations

MULN Stock

USD 0.20 0.02 9.09%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mullen Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mullen Automotive Correlation With Market

Significant diversification

The correlation between Mullen Automotive and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mullen Automotive 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 Mullen Automotive. 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 economic analysis.

To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.

Moving together with Mullen Stock

0.84	F	Ford Motor Aggressive Push	Pair Corr
0.8	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.66	THO	Thor Industries	Pair Corr
0.91	WGO	Winnebago Industries	Pair Corr
0.79	LCII	LCI Industries	Pair Corr
0.88	BC	Brunswick	Pair Corr
0.92	EZGO	EZGO Technologies	Pair Corr
0.72	WYNN	Wynn Resorts Limited Buyout Trend	Pair Corr
0.85	KSS	Kohls Corp	Pair Corr
0.71	MGM	MGM Resorts International	Pair Corr
0.82	MPX	Marine Products	Pair Corr
0.88	PII	Polaris Industries	Pair Corr
0.63	GOTU	Gaotu Techedu DRC	Pair Corr
0.8	MCFT	MCBC Holdings	Pair Corr
0.9	TXRH	Texas Roadhouse	Pair Corr
0.92	CNTY	Century Casinos	Pair Corr

Moving against Mullen Stock

0.9	APTV	Aptiv PLC	Pair Corr
0.41	PRDO	Perdoceo Education Corp Earnings Call This Week	Pair Corr
0.81	AMZN	Amazon Inc	Pair Corr
0.81	GOOG	Alphabet Class C	Pair Corr
0.8	OKTA	Okta Inc	Pair Corr
0.79	SMSI	Smith Micro Software Earnings Call This Week	Pair Corr
0.77	ANET	Arista Networks Earnings Call This Week	Pair Corr
0.74	META	Meta Platforms Aggressive Push	Pair Corr
0.67	LGCY	Legacy Education	Pair Corr
0.67	WMT	Walmart Earnings Call This Week	Pair Corr
0.67	DUOT	Duos Technologies	Pair Corr
0.64	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.53	DSVSF	Discovery Metals Corp	Pair Corr
0.51	BMYMP	Bristol Myers Squibb	Pair Corr
0.48	TSLA	Tesla Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	HYMC	BBIG	IMPP	XELA	CEI
HYMC		0.0	0.12	0.0	0.0	HYMC
BBIG	0.0		0.0	0.0	0.0	BBIG
IMPP	0.12	0.0		0.0	0.0	IMPP
XELA	0.0	0.0	0.0		0.0	XELA
CEI	0.0	0.0	0.0	0.0		CEI
	HYMC	BBIG	IMPP	XELA	CEI

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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

IMPP	+ 0.12	HYMC
BBIG	+ 0.0	HYMC
XELA	+ 0.0	HYMC
CEI	+ 0.0	HYMC
IMPP	+ 0.0	BBIG
XELA	+ 0.0	BBIG

High negative correlations

CEI	- 0.0	XELA
CEI	- 0.0	IMPP
XELA	- 0.0	IMPP
CEI	- 0.0	BBIG
XELA	- 0.0	BBIG
IMPP	- 0.0	BBIG

Risk-Adjusted Indicators

There is a big difference between Mullen Stock performing well and Mullen Automotive 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 Mullen Automotive'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
HYMC	2.93	0.41	0.12	(0.67)	3.00	(3.54)	7.72	(4.39)	15.85
BBIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMPP	1.86	(0.35)	0.00	0.52	0.00	0.00	4.35	(3.57)	18.03
XELA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CEI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Mullen Automotive Corporate Management

Dave Adkins	Chief Vehicles	Profile
Marianne McInerney	Business Strategy	Profile
David Michery	Chairman, Founder	Profile
Jillian Green	Vice Affairs	Profile
Kerri Sadler	Chief Officer	Profile

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