Shift Technologies Correlations
| SFTDelisted Stock | USD 2.13 0.02 0.93% |
The current 90-days correlation between Shift Technologies and Cazoo Group is 0.04 (i.e., Significant diversification). The correlation of Shift Technologies 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.
Shift Technologies Correlation With Market
Very good diversification
The correlation between Shift Technologies and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shift Technologies and DJI in the same portfolio, assuming nothing else is changed.
Shift |
Moving together with Shift Stock
| 0.74 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.64 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
Moving against Shift Stock
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.78 | AAGH | America Great Health | PairCorr |
| 0.71 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.7 | NNAX | New Momentum | PairCorr |
| 0.58 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.32 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Shift Stock performing well and Shift Technologies 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 Shift Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVNA | 2.12 | 0.68 | 0.24 | 1.20 | 2.04 | 5.64 | 26.67 | |||
| CZOO | 94.22 | 43.86 | 0.82 | (1.70) | 32.37 | 250.00 | 1,993 | |||
| KMX | 1.44 | (0.16) | 0.00 | (0.02) | 0.00 | 4.14 | 8.69 | |||
| UCAR | 3.35 | 0.14 | 0.00 | (0.41) | 4.13 | 6.54 | 16.60 | |||
| VRM | 4.79 | (0.58) | 0.00 | (1.22) | 0.00 | 9.33 | 45.12 | |||
| UXIN | 8.68 | 2.43 | 0.42 | 0.85 | 5.24 | 29.04 | 98.98 | |||
| CANG | 4.45 | 1.18 | 0.29 | 0.89 | 3.22 | 16.80 | 31.66 | |||
| SDA | 3.45 | (0.01) | 0.00 | 0.27 | 0.00 | 8.83 | 17.46 | |||
| CWH | 2.41 | 0.05 | 0.06 | 0.12 | 2.96 | 6.46 | 22.09 | |||
| JZXN | 5.08 | (0.44) | 0.00 | 0.69 | 0.00 | 12.08 | 35.11 |
View Shift Technologies Related Equities
| Risk & Return | Correlation |
Shift Technologies Corporate Management
| Oded Shein | Chief Officer | Profile | |
| Tracy Lessin | Chief Officer | Profile | |
| Jeffrey Clementz | Chief Officer | Profile | |
| Sean Foy | Chief Officer | Profile | |
| Tobias Russell | Director CoFounder | Profile | |
| Mark McCollum | Chief Officer | Profile | |
| Jason Curtis | Chief Officer | Profile |
Still Interested in Shift Technologies?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.