SES AI Correlations

SES Stock

USD 0.31 0.01 3.33%

The current 90-days correlation between SES AI Corp and Cooper Stnd is 0.2 (i.e., Modest diversification). The correlation of SES AI 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.

SES AI Correlation With Market

Average diversification

The correlation between SES AI Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SES AI Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SES AI Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with SES Stock

0.62	FOXF	Fox Factory Holding	Pair Corr
0.63	DAN	Dana Inc	Pair Corr
0.83	LEA	Lear	Pair Corr
0.95	SRI	Stoneridge	Pair Corr
0.85	SUP	Superior Industries	Pair Corr
0.88	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.74	FL	Foot Locker Earnings Call This Week	Pair Corr
0.61	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.75	HVT	Haverty Furniture	Pair Corr
0.8	IGT	International Game	Pair Corr

Moving against SES Stock

0.88	EVRI	Everi Holdings	Pair Corr
0.88	AGS	PlayAGS	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.79	FLXS	Flexsteel Industries	Pair Corr
0.75	DORM	Dorman Products	Pair Corr
0.64	WEYS	Weyco Group	Pair Corr
0.56	ABG	Asbury Automotive	Pair Corr
0.54	BH	Biglari Holdings	Pair Corr
0.47	BC	Brunswick	Pair Corr
0.91	EAT	Brinker International	Pair Corr
0.89	LAD	Lithia Motors	Pair Corr
0.86	WHR	Whirlpool	Pair Corr
0.73	DPZ	Dominos Pizza	Pair Corr
0.71	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.65	WEN	The Wendys	Pair Corr
0.63	DRI	Darden Restaurants	Pair Corr
0.59	DIN	Dine Brands Global	Pair Corr
0.56	GPI	Group 1 Automotive	Pair Corr
0.44	MBC	MasterBrand	Pair Corr
0.42	PDD	PDD Holdings Earnings Call Tomorrow	Pair Corr
0.37	MSN	Emerson Radio	Pair Corr
0.37	SAH	Sonic Automotive	Pair Corr

Related Correlations Analysis

	CPS	MPAA	AXL	SRI	DAN	SUP	LEA	DORM	MNRO	GNTX
CPS		0.25	0.64	-0.06	-0.24	0.11	-0.04	0.51	0.38	0.54	CPS
MPAA	0.25		0.58	0.09	0.2	0.05	0.27	0.11	0.33	-0.05	MPAA
AXL	0.64	0.58		-0.03	0.18	0.11	0.14	0.34	0.52	0.41	AXL
SRI	-0.06	0.09	-0.03		0.75	0.9	0.92	-0.78	-0.58	0.08	SRI
DAN	-0.24	0.2	0.18	0.75		0.74	0.85	-0.78	-0.23	-0.06	DAN
SUP	0.11	0.05	0.11	0.9	0.74		0.89	-0.73	-0.4	0.24	SUP
LEA	-0.04	0.27	0.14	0.92	0.85	0.89		-0.76	-0.39	0.09	LEA
DORM	0.51	0.11	0.34	-0.78	-0.78	-0.73	-0.76		0.54	0.18	DORM
MNRO	0.38	0.33	0.52	-0.58	-0.23	-0.4	-0.39	0.54		0.24	MNRO
GNTX	0.54	-0.05	0.41	0.08	-0.06	0.24	0.09	0.18	0.24		GNTX
	CPS	MPAA	AXL	SRI	DAN	SUP	LEA	DORM	MNRO	GNTX

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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

LEA	+ 0.92	SRI
SUP	+ 0.9	SRI
LEA	+ 0.89	SUP
LEA	+ 0.85	DAN
DAN	+ 0.75	SRI
SUP	+ 0.74	DAN

High negative correlations

DORM	- 0.78	DAN
DORM	- 0.78	SRI
DORM	- 0.76	LEA
DORM	- 0.73	SUP
MNRO	- 0.58	SRI
MNRO	- 0.4	SUP

Risk-Adjusted Indicators

There is a big difference between SES Stock performing well and SES AI 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 SES AI'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
CPS	2.68	(0.32)	0.00	(0.01)	0.00	0.00	5.54	(6.64)	24.31
MPAA	2.96	(0.05)	0.00	0.09	3.47	(3.28)	8.38	(6.22)	19.99
AXL	1.97	(0.17)	(0.02)	0.04	2.11	(2.26)	5.00	(3.27)	12.38
SRI	2.83	(1.33)	0.00	(0.32)	0.00	0.00	5.25	(6.29)	30.14
DAN	2.58	(0.59)	0.00	(0.10)	0.00	0.00	4.02	(5.70)	22.77
SUP	2.04	(0.75)	0.00	(0.40)	0.00	0.00	3.62	(5.26)	12.77
LEA	1.41	(0.37)	0.00	(0.17)	0.00	0.00	2.83	(3.17)	9.76
DORM	1.32	0.28	0.21	0.44	0.91	(1.63)	3.10	(2.03)	14.67
MNRO	1.45	(0.13)	(0.05)	0.03	1.66	(1.65)	3.64	(2.57)	10.48
GNTX	1.14	(0.08)	(0.08)	0.01	1.45	(1.15)	2.33	(2.36)	7.93

SES AI Corporate Management

Mike CLP	Vice Compliance	Profile
Hans Kim	VP KOREA	Profile
Hong Gan	Chief Officer	Profile
Jing Nealis	Chief Officer	Profile
Qichao Hu	Chairman Founder	Profile
Winston Wang	Senior China	Profile
Gang Li	Chief Officer	Profile

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