Hyzon Motors Correlations
| HYZNDelisted Stock | USD 0.64 0.00 0.00% |
The current 90-days correlation between Hyzon Motors and Canoo Inc is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hyzon Motors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyzon Motors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hyzon Motors Correlation With Market
Average diversification
The correlation between Hyzon Motors 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 Hyzon Motors and DJI in the same portfolio, assuming nothing else is changed.
Hyzon |
Moving together with Hyzon Stock
| 0.8 | SAG | SAG Holdings Limited | PairCorr |
| 0.66 | SW | Smurfit WestRock plc | PairCorr |
| 0.8 | F-PB | Ford Motor | PairCorr |
| 0.9 | F-PC | Ford Motor | PairCorr |
| 0.93 | F-PD | F PD | PairCorr |
| 0.85 | FIGS | Figs Inc | PairCorr |
| 0.71 | AIN | Albany International | PairCorr |
| 0.71 | AVY | Avery Dennison Corp | PairCorr |
| 0.87 | DMN | Damon Common Stock | PairCorr |
| 0.89 | ECG | Everus Construction | PairCorr |
| 0.69 | GEF | Greif Bros | PairCorr |
| 0.79 | HNI | HNI Corp | PairCorr |
| 0.88 | IPW | iPower Inc | PairCorr |
| 0.78 | IVP | Inspire Veterinary | PairCorr |
| 0.79 | KFS | Kingsway Financial | PairCorr |
| 0.64 | MED | MEDIFAST INC | PairCorr |
| 0.87 | MLR | Miller Industries | PairCorr |
| 0.86 | MMA | Alta Global Group | PairCorr |
| 0.75 | MRM | Medirom Healthcare Earnings Call This Week | PairCorr |
| 0.83 | NCI | Neo Concept Internat | PairCorr |
| 0.88 | NCL | Northann Corp | PairCorr |
| 0.91 | PKG | Packaging Corp | PairCorr |
Moving against Hyzon Stock
| 0.85 | CYD | China Yuchai Interna Downward Rally | PairCorr |
| 0.75 | EFOI | Energy Focu | PairCorr |
| 0.53 | CCK | Crown Holdings | PairCorr |
| 0.48 | OI | O I Glass Sell-off Trend | PairCorr |
| 0.81 | ROL | Rollins | PairCorr |
| 0.57 | KAR | KAR Auction Services | PairCorr |
| 0.44 | BC-PA | Brunswick Corp | PairCorr |
| 0.35 | FATBP | FAT Brands | PairCorr |
Related Correlations Analysis
| 0.94 | 0.0 | 0.0 | 0.0 | -0.26 | -0.43 | MULN | ||
| 0.94 | 0.0 | 0.0 | 0.0 | -0.07 | -0.29 | GOEV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ARVL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RIDE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FSR | ||
| -0.26 | -0.07 | 0.0 | 0.0 | 0.0 | 0.33 | FFIE | ||
| -0.43 | -0.29 | 0.0 | 0.0 | 0.0 | 0.33 | PSNY | ||
| 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 Hyzon Stock performing well and Hyzon Motors 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 Hyzon Motors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MULN | 11.01 | (6.69) | 0.00 | (3.92) | 0.00 | 14.58 | 97.92 | |||
| GOEV | 11.78 | (4.83) | 0.00 | 12.31 | 0.00 | 33.20 | 107.21 | |||
| ARVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RIDE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FSR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFIE | 8.64 | 1.07 | 0.16 | (0.55) | 8.20 | 21.23 | 103.41 | |||
| PSNY | 3.08 | 0.24 | 0.05 | 0.07 | 3.48 | 8.00 | 21.56 |
Hyzon Motors 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 Hyzon Motors stock to make a market-neutral strategy. Peer analysis of Hyzon Motors could also be used in its relative valuation, which is a method of valuing Hyzon Motors by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hyzon Motors Corporate Management
| Samuel Chong | Chief Officer | Profile | |
| JiaJia Wu | Senior Accounting | Profile | |
| Stephen Weiland | Chief Officer | Profile | |
| Max Holthausen | Managing Europe | Profile | |
| Christian Mohrdieck | Chief Officer | Profile | |
| Arthur Koschany | Chief Scientist | Profile |
Still Interested in Hyzon Motors?
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.