Electrameccanica Correlations
| SOLODelisted Stock | USD 0.72 0.02 2.70% |
The current 90-days correlation between Electrameccanica Veh and GreenPower Motor is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electrameccanica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrameccanica Vehicles Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Electrameccanica Correlation With Market
Good diversification
The correlation between Electrameccanica Vehicles Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electrameccanica Vehicles Corp and DJI in the same portfolio, assuming nothing else is changed.
Electrameccanica |
Moving together with Electrameccanica Stock
| 0.64 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.69 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.66 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.77 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Electrameccanica Stock
| 0.75 | AAGH | America Great Health | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.66 | NNAX | New Momentum | PairCorr |
| 0.63 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.55 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.45 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.44 | BA | Boeing Fiscal Year End 29th of January 2025 | 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 Electrameccanica Stock performing well and Electrameccanica 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 Electrameccanica'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GP | 5.13 | 0.12 | 0.01 | 0.42 | 5.70 | 19.19 | 41.85 | |||
| WKHS | 6.67 | 0.46 | 0.12 | 0.24 | 6.55 | 17.11 | 65.13 | |||
| CENN | 1.84 | (0.31) | 0.00 | (0.19) | 0.00 | 5.26 | 15.83 | |||
| VLCN | 4.81 | (1.53) | 0.00 | (0.46) | 0.00 | 10.43 | 40.13 | |||
| RIDE | 7.02 | (1.15) | 0.00 | (1.89) | 0.00 | 16.28 | 54.36 | |||
| GOEV | 5.54 | (1.50) | 0.00 | (0.91) | 0.00 | 9.18 | 48.91 | |||
| LI | 3.46 | 0.10 | 0.01 | 0.29 | 4.88 | 10.62 | 25.86 | |||
| FSR | 4.49 | 0.34 | 0.08 | 0.33 | 4.70 | 9.41 | 37.41 | |||
| LCID | 3.01 | (0.96) | 0.00 | (0.78) | 0.00 | 5.88 | 30.74 | |||
| RIVN | 2.91 | (0.38) | 0.00 | (0.26) | 0.00 | 5.29 | 28.00 |
Electrameccanica Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Electrameccanica stock to make a market-neutral strategy. Peer analysis of Electrameccanica could also be used in its relative valuation, which is a method of valuing Electrameccanica by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Electrameccanica Corporate Management
| Michael Bridge | General Secretary | Profile | |
| Joseph Mitchell | Chief Officer | Profile | |
| Kim Brink | Chief Officer | Profile | |
| Stephen Johnston | Chief Officer | Profile | |
| Ajay Kumar | Vice Officer | Profile | |
| Conark Shah | Vice Staff | Profile |
Still Interested in Electrameccanica Vehicles Corp?
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