ECD Automotive Correlations

ECDA Stock

0.71 0.06 7.71%

The current 90-days correlation between ECD Automotive Design and 51Talk Online Education is -0.26 (i.e., Very good diversification). The correlation of ECD Automotive 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.

ECD Automotive Correlation With Market

Average diversification

The correlation between ECD Automotive Design and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECD Automotive Design and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with ECD Stock

0.68	BWA	BorgWarner	Pair Corr
0.75	MGA	Magna International	Pair Corr
0.76	MOD	Modine Manufacturing	Pair Corr
0.71	GNTX	Gentex	Pair Corr
0.66	INVZ	Innoviz Technologies	Pair Corr
0.69	LCID	Lucid Group Aggressive Push	Pair Corr
0.81	NWTN	NWTN Class B	Pair Corr
0.79	VFSWW	VinFast Auto	Pair Corr
0.83	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.73	ADNT	Adient PLC	Pair Corr
0.85	TSLA	Tesla Inc Buyout Trend	Pair Corr
0.73	M	Macys Inc	Pair Corr
0.72	W	Wayfair Buyout Trend	Pair Corr
0.71	BC	Brunswick	Pair Corr
0.83	FL	Foot Locker	Pair Corr
0.76	LE	Lands End Earnings Call Tomorrow	Pair Corr
0.78	RH	RH Earnings Call This Week	Pair Corr
0.73	UA	Under Armour C	Pair Corr
0.7	DLTH	Duluth Holdings	Pair Corr
0.67	DOGZ	Dogness International	Pair Corr
0.74	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.67	DXLG	Destination XL Group	Pair Corr

Moving against ECD Stock

0.82	JD	JD Inc Adr	Pair Corr
0.7	IH	Ihuman Inc	Pair Corr
0.67	GV	Visionary Education	Pair Corr
0.63	LI	Li Auto	Pair Corr
0.57	XOSWW	Xos Equity Warrants	Pair Corr
0.55	APTV	Aptiv PLC	Pair Corr
0.53	DAN	Dana Inc	Pair Corr
0.89	VSTA	Vasta Platform	Pair Corr
0.87	VIPS	Vipshop Holdings	Pair Corr
0.76	ADT	ADT Inc	Pair Corr
0.72	AGS	PlayAGS	Pair Corr
0.57	EVRI	Everi Holdings	Pair Corr

Related Correlations Analysis

	CRBBF	IAS	COE	CNET	DEO	MGPI	NCTW	FLNT
CRBBF		-0.34	0.1	-0.66	-0.73	-0.66	0.0	-0.42	CRBBF
IAS	-0.34		-0.23	0.43	0.26	0.38	0.0	0.78	IAS
COE	0.1	-0.23		-0.25	-0.55	-0.61	0.0	-0.07	COE
CNET	-0.66	0.43	-0.25		0.7	0.65	0.0	0.39	CNET
DEO	-0.73	0.26	-0.55	0.7		0.92	0.0	0.18	DEO
MGPI	-0.66	0.38	-0.61	0.65	0.92		0.0	0.31	MGPI
NCTW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NCTW
FLNT	-0.42	0.78	-0.07	0.39	0.18	0.31	0.0		FLNT
	CRBBF	IAS	COE	CNET	DEO	MGPI	NCTW	FLNT

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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

MGPI	+ 0.92	DEO
FLNT	+ 0.78	IAS
DEO	+ 0.7	CNET
MGPI	+ 0.65	CNET
CNET	+ 0.43	IAS
FLNT	+ 0.39	CNET

High negative correlations

DEO	- 0.73	CRBBF
MGPI	- 0.66	CRBBF
CNET	- 0.66	CRBBF
MGPI	- 0.61	COE
DEO	- 0.55	COE
FLNT	- 0.42	CRBBF

Risk-Adjusted Indicators

There is a big difference between ECD Stock performing well and ECD 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 ECD 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
CRBBF	0.49	0.09	0.07	0.62	0.62	(1.90)	1.77	(1.30)	5.42
IAS	1.44	(0.19)	0.00	(0.26)	0.00	0.00	1.95	(3.51)	14.44
COE	2.88	0.40	0.12	(2.00)	3.19	(3.78)	9.36	(5.27)	23.94
CNET	3.23	(0.05)	0.00	(0.14)	0.00	0.00	7.22	(5.49)	27.82
DEO	1.35	(0.25)	0.00	(0.61)	0.00	0.00	2.79	(2.53)	8.99
MGPI	1.77	(0.58)	0.00	(0.99)	0.00	0.00	3.24	(4.39)	12.11
NCTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLNT	2.64	(0.35)	0.00	(0.36)	0.00	0.00	5.39	(5.88)	24.39

ECD Automotive Corporate Management

Teddy Lawrence	Head Sales	Profile
Raymond Cole	Chief Officer	Profile
Kevin Gonzalez	Head Content	Profile
Karen	Head Warranty	Profile
Sirahdia StewartGreene	Head Relations	Profile

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