Kandi Technologies Correlations

KNDI Stock

USD 1.44 0.02 1.37%

The current 90-days correlation between Kandi Technologies and Innoviz Technologies is -0.05 (i.e., Good diversification). The correlation of Kandi 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.

Kandi Technologies Correlation With Market

Significant diversification

The correlation between Kandi Technologies Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kandi Technologies Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kandi Technologies Group. 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 Kandi Stock

0.72	LI	Li Auto	Pair Corr
0.67	XOSWW	Xos Equity Warrants	Pair Corr
0.71	APTV	Aptiv PLC	Pair Corr
0.67	IH	Ihuman Inc	Pair Corr
0.72	JD	JD Inc Adr	Pair Corr
0.77	VIPS	Vipshop Holdings	Pair Corr
0.77	VSTA	Vasta Platform	Pair Corr

Moving against Kandi Stock

0.83	TSLA	Tesla Inc Trending	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.77	VFSWW	VinFast Auto	Pair Corr
0.77	RH	RH Earnings Call Today	Pair Corr
0.76	GNTX	Gentex	Pair Corr
0.75	INVZ	Innoviz Technologies	Pair Corr
0.74	MOD	Modine Manufacturing	Pair Corr
0.73	NWTN	NWTN Class B	Pair Corr
0.71	MGA	Magna International	Pair Corr
0.71	BC	Brunswick	Pair Corr
0.7	BWA	BorgWarner	Pair Corr
0.69	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.68	W	Wayfair Trending	Pair Corr
0.65	ADNT	Adient PLC Buyout Trend	Pair Corr
0.64	M	Macys Inc	Pair Corr
0.6	LCID	Lucid Group Aggressive Push	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.45	BH	Biglari Holdings	Pair Corr
0.86	VSCO	Victorias Secret	Pair Corr
0.85	ANF	Abercrombie Fitch	Pair Corr
0.85	BKE	Buckle Inc	Pair Corr
0.83	WOOF	Pet Acquisition LLC	Pair Corr
0.82	WING	Wingstop	Pair Corr
0.82	AEO	American Eagle Outfitters	Pair Corr
0.8	FIVE	Five Below	Pair Corr
0.78	EEIQ	Elite Education Group	Pair Corr
0.76	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.75	ASO	Academy Sports Outdoors	Pair Corr
0.72	VNCE	Vince Holding Corp	Pair Corr
0.72	ETSY	Etsy Inc Buyout Trend	Pair Corr

Related Correlations Analysis

	HYLN	FRSX	AEVA	LIDR	INVZ	SYPR	WPRT	LAZR	QS	DAN
HYLN		0.79	0.72	0.7	0.85	0.67	-0.08	0.24	0.8	-0.48	HYLN
FRSX	0.79		0.66	0.7	0.8	0.53	-0.21	0.21	0.77	-0.58	FRSX
AEVA	0.72	0.66		0.67	0.72	0.62	0.18	0.49	0.8	-0.3	AEVA
LIDR	0.7	0.7	0.67		0.78	0.61	-0.17	0.56	0.85	-0.63	LIDR
INVZ	0.85	0.8	0.72	0.78		0.69	0.05	0.34	0.79	-0.43	INVZ
SYPR	0.67	0.53	0.62	0.61	0.69		0.32	0.39	0.73	-0.1	SYPR
WPRT	-0.08	-0.21	0.18	-0.17	0.05	0.32		0.1	0.12	0.76	WPRT
LAZR	0.24	0.21	0.49	0.56	0.34	0.39	0.1		0.53	-0.21	LAZR
QS	0.8	0.77	0.8	0.85	0.79	0.73	0.12	0.53		-0.38	QS
DAN	-0.48	-0.58	-0.3	-0.63	-0.43	-0.1	0.76	-0.21	-0.38		DAN
	HYLN	FRSX	AEVA	LIDR	INVZ	SYPR	WPRT	LAZR	QS	DAN

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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

INVZ	+ 0.85	HYLN
QS	+ 0.85	LIDR
QS	+ 0.8	HYLN
INVZ	+ 0.8	FRSX
QS	+ 0.8	AEVA
FRSX	+ 0.79	HYLN

High negative correlations

DAN	- 0.63	LIDR
DAN	- 0.58	FRSX
DAN	- 0.48	HYLN
DAN	- 0.43	INVZ
DAN	- 0.38	QS
DAN	- 0.3	AEVA

Risk-Adjusted Indicators

There is a big difference between Kandi Stock performing well and Kandi 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 Kandi 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
HYLN	3.40	(0.73)	0.00	(0.32)	0.00	0.00	7.54	(7.05)	21.35
FRSX	7.13	0.74	0.10	0.25	6.38	(11.45)	35.87	(14.13)	63.09
AEVA	4.18	0.55	0.11	0.19	4.29	(5.15)	9.49	(6.98)	34.73
LIDR	8.46	(0.27)	0.00	1.85	0.00	0.00	14.78	(17.16)	92.02
INVZ	6.68	(0.44)	0.00	(0.20)	0.00	0.00	14.37	(12.12)	58.83
SYPR	5.65	0.39	0.06	0.15	5.93	(7.06)	15.09	(9.26)	76.06
WPRT	2.78	0.24	0.07	0.18	2.89	(3.03)	7.26	(4.67)	18.05
LAZR	7.15	0.51	0.07	0.29	7.47	(8.38)	25.55	(12.50)	56.20
QS	3.30	(0.11)	0.00	(0.08)	0.00	0.00	7.04	(6.89)	23.51
DAN	2.17	0.32	0.13	0.22	2.33	(2.32)	5.46	(3.75)	19.62

Kandi Technologies Corporate Management

Jehn Lim	Chief Officer	Profile
Cheng CPA	Chief Officer	Profile
Cathy Cao	Ex Fin	Profile
Feng Chen	Chief Officer	Profile
Kewa Luo	Manager Relations	Profile

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