Ehang Holdings Correlations

EH Stock

USD 22.66 1.46 6.05%

The correlation of Ehang Holdings 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.

Ehang Holdings Correlation With Market

Modest diversification

The correlation between Ehang Holdings and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ehang Holdings 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 Ehang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in Ehang Stock please use our How to Invest in Ehang Holdings guide.

Moving together with Ehang Stock

0.77	GE	GE Aerospace	Pair Corr
0.72	SATLW	Satellogic Warrant	Pair Corr
0.64	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.71	ERJ	Embraer SA ADR	Pair Corr
0.78	HWM	Howmet Aerospace	Pair Corr
0.69	RGR	Sturm Ruger	Pair Corr
0.69	RTX	Raytheon Technologies	Pair Corr
0.88	TGI	Triumph Group	Pair Corr

Moving against Ehang Stock

0.77	VTSI	VirTra Inc	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr
0.69	DPRO	Draganfly Earnings Call This Week	Pair Corr
0.68	EVTL	Vertical Aerospace	Pair Corr
0.6	EVEX	Eve Holding	Pair Corr
0.54	DCO	Ducommun Incorporated	Pair Corr
0.53	GD	General Dynamics	Pair Corr
0.4	CVU	CPI Aerostructures	Pair Corr
0.71	LMT	Lockheed Martin	Pair Corr
0.64	SIF	SIFCO Industries	Pair Corr
0.62	DRS	Leonardo DRS, Common	Pair Corr
0.62	KWE	KWESST Micro Systems	Pair Corr
0.61	PKE	Park Electrochemical	Pair Corr
0.58	LHX	L3Harris Technologies	Pair Corr
0.45	HII	Huntington Ingalls	Pair Corr
0.41	HXL	Hexcel	Pair Corr
0.9	GPUS-PD	Hyperscale Data,	Pair Corr
0.85	MNTS	Momentus	Pair Corr
0.78	TXT	Textron	Pair Corr
0.75	GPUS	Hyperscale Data, Symbol Change	Pair Corr

Related Correlations Analysis

	ACHR	EVTL	RKLB	LLAP	LILM	ASTR	EVEX	DPRO	HEI-A	TDG
ACHR		0.59	0.77	0.0	0.61	0.0	0.81	0.56	-0.59	-0.23	ACHR
EVTL	0.59		0.42	0.0	0.64	0.0	0.73	0.77	-0.4	-0.62	EVTL
RKLB	0.77	0.42		0.0	0.68	0.0	0.8	0.52	-0.63	-0.17	RKLB
LLAP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LLAP
LILM	0.61	0.64	0.68	0.0		0.0	0.71	0.47	-0.63	-0.41	LILM
ASTR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ASTR
EVEX	0.81	0.73	0.8	0.0	0.71	0.0		0.73	-0.62	-0.48	EVEX
DPRO	0.56	0.77	0.52	0.0	0.47	0.0	0.73		-0.39	-0.72	DPRO
HEI-A	-0.59	-0.4	-0.63	0.0	-0.63	0.0	-0.62	-0.39		0.42	HEI-A
TDG	-0.23	-0.62	-0.17	0.0	-0.41	0.0	-0.48	-0.72	0.42		TDG
	ACHR	EVTL	RKLB	LLAP	LILM	ASTR	EVEX	DPRO	HEI-A	TDG

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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

EVEX	+ 0.81	ACHR
EVEX	+ 0.8	RKLB
RKLB	+ 0.77	ACHR
DPRO	+ 0.77	EVTL
EVEX	+ 0.73	EVTL
DPRO	+ 0.73	EVEX

High negative correlations

TDG	- 0.72	DPRO
HEI-A	- 0.63	LILM
HEI-A	- 0.63	RKLB
HEI-A	- 0.62	EVEX
TDG	- 0.62	EVTL
HEI-A	- 0.59	ACHR

Risk-Adjusted Indicators

There is a big difference between Ehang Stock performing well and Ehang Holdings 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 Ehang Holdings' 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
ACHR	5.14	0.62	0.08	0.15	5.72	(6.07)	13.08	(9.87)	34.68
EVTL	6.74	(0.12)	0.00	(0.14)	0.00	0.00	20.75	(13.20)	74.49
RKLB	4.66	0.07	0.00	(0.05)	0.00	0.00	8.15	(8.94)	40.12
LLAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LILM	18.53	2.92	0.16	(0.98)	16.21	(29.48)	40.00	(35.71)	318.04
ASTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVEX	3.97	(0.16)	0.00	(0.15)	0.00	0.00	7.22	(8.38)	20.12
DPRO	5.95	(0.14)	0.00	(0.15)	0.00	0.00	12.37	(11.32)	37.22
HEI-A	1.41	0.13	0.08	0.17	1.95	(1.55)	2.67	(2.31)	14.84
TDG	1.21	0.19	0.16	0.23	1.25	(1.36)	2.15	(2.21)	5.75

Ehang Holdings Corporate Management

Andreas Perotti	Chief Europe	Profile
Huazhi Hu	Chairman Founder	Profile
Xin Fang	Chief Officer	Profile
Wang Zhao	Chief Officer	Profile
Jian Liu	Chief Officer	Profile
Anne Ji	Senior Relations	Profile

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