Nio Correlations

NIO Stock

USD 4.72 0.15 3.08%

The current 90-days correlation between Nio Class A and WW International Common is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nio Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nio Correlation With Market

Excellent diversification

The correlation between Nio Class A and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nio Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nio Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nio Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Nio Stock

0.67	2FE	Ferrari NV	Pair Corr
0.86	N3IA	Nio Class A Earnings Call This Week	Pair Corr

Moving against Nio Stock

0.54	GM	General Motors	Pair Corr
0.35	TM	Toyota Motor	Pair Corr
0.32	F	Ford Motor	Pair Corr
0.65	WGO	Winnebago Industries	Pair Corr
0.46	THO	Thor Industries	Pair Corr
0.4	VFS	VinFast Auto	Pair Corr
0.39	FMC1	Ford Motor	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		-0.13	0.18	-0.57	-0.12	0.79	0.65	0.21	-0.63	-0.53	MCFT
MPX	-0.13		-0.67	0.66	-0.29	0.27	0.37	0.24	0.13	0.18	MPX
NIU	0.18	-0.67		-0.53	0.16	-0.2	-0.11	0.07	-0.12	-0.08	NIU
MPAA	-0.57	0.66	-0.53		-0.04	-0.08	0.11	0.24	0.62	0.28	MPAA
HLLY	-0.12	-0.29	0.16	-0.04		-0.1	-0.26	-0.03	0.18	0.19	HLLY
HVT	0.79	0.27	-0.2	-0.08	-0.1		0.82	0.42	-0.24	-0.42	HVT
ONEW	0.65	0.37	-0.11	0.11	-0.26	0.82		0.64	-0.11	-0.44	ONEW
GCO	0.21	0.24	0.07	0.24	-0.03	0.42	0.64		0.12	-0.17	GCO
INVZ	-0.63	0.13	-0.12	0.62	0.18	-0.24	-0.11	0.12		0.37	INVZ
WW	-0.53	0.18	-0.08	0.28	0.19	-0.42	-0.44	-0.17	0.37		WW
	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW

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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

ONEW	+ 0.82	HVT
HVT	+ 0.79	MCFT
MPAA	+ 0.66	MPX
ONEW	+ 0.65	MCFT
GCO	+ 0.64	ONEW
INVZ	+ 0.62	MPAA

High negative correlations

NIU	- 0.67	MPX
INVZ	- 0.63	MCFT
MPAA	- 0.57	MCFT
MPAA	- 0.53	NIU
WW	- 0.53	MCFT
WW	- 0.44	ONEW

Risk-Adjusted Indicators

There is a big difference between Nio Stock performing well and Nio 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 Nio'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
MCFT	1.61	0.22	0.12	0.24	1.80	(1.84)	3.91	(3.22)	10.55
MPX	1.89	(0.20)	0.00	(0.06)	0.00	0.00	3.34	(3.55)	21.83
NIU	2.76	0.06	0.02	0.12	3.32	(3.01)	5.67	(4.97)	13.60
MPAA	2.31	(0.47)	0.00	(0.29)	0.00	0.00	4.98	(5.08)	23.01
HLLY	1.79	(0.05)	(0.02)	0.03	2.27	(1.89)	4.40	(3.11)	11.37
HVT	1.56	(0.06)	(0.02)	0.03	1.61	(1.95)	3.46	(2.69)	10.04
ONEW	2.77	(0.16)	(0.01)	0.01	3.62	(2.71)	5.18	(5.84)	15.63
GCO	3.35	(0.35)	0.00	(0.07)	0.00	0.00	7.52	(6.77)	37.89
INVZ	3.47	(0.55)	0.00	(0.10)	0.00	0.00	7.26	(6.61)	34.74
WW	3.86	(0.24)	0.00	(0.01)	0.00	0.00	10.92	(7.97)	25.80

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