Lion Electric Correlations

LEV Stock

USD 0.20 0.01 4.76%

The correlation of Lion Electric 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lion Electric Correlation With Market

Average diversification

The correlation between Lion Electric Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lion Electric Corp 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 Lion Electric Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Lion Stock

0.86	NKLA	Nikola Corp	Pair Corr
0.7	CEAD	CEA Industries	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Lion Stock

0.88	R	Ryder System	Pair Corr
0.84	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.83	ASTE	Astec Industries	Pair Corr
0.79	GENC	Gencor Industries	Pair Corr
0.78	CMCO	Columbus McKinnon	Pair Corr
0.77	ALG	Alamo Group	Pair Corr
0.72	OSK	Oshkosh	Pair Corr
0.65	MTW	Manitowoc	Pair Corr
0.63	LNN	Lindsay	Pair Corr
0.62	B	Barnes Group	Pair Corr
0.56	J	Jacobs Solutions	Pair Corr
0.55	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.55	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.54	DE	Deere Company	Pair Corr
0.54	SHYF	Shyft Group	Pair Corr
0.53	REVG	Rev Group Fiscal Year End 11th of December 2024	Pair Corr
0.47	MNTX	Manitex International	Pair Corr
0.95	DIST	Distoken Acquisition	Pair Corr
0.91	CR	Crane Company	Pair Corr
0.9	PH	Parker Hannifin	Pair Corr
0.87	AZ	A2Z Smart Technologies	Pair Corr
0.86	AL	Air Lease	Pair Corr
0.85	BE	Bloom Energy Corp	Pair Corr
0.83	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.81	LZ	LegalZoom	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr

Related Correlations Analysis

	ASTE	MNTX	ALG	CMCO	AGCO	TWI	TEX	OSK
ASTE		0.27	0.94	0.77	-0.1	-0.2	0.41	0.89	ASTE
MNTX	0.27		0.28	0.5	0.68	-0.54	0.23	0.37	MNTX
ALG	0.94	0.28		0.74	-0.11	-0.13	0.38	0.78	ALG
CMCO	0.77	0.5	0.74		0.26	-0.33	0.37	0.67	CMCO
AGCO	-0.1	0.68	-0.11	0.26		-0.47	0.26	0.15	AGCO
TWI	-0.2	-0.54	-0.13	-0.33	-0.47		0.04	-0.3	TWI
TEX	0.41	0.23	0.38	0.37	0.26	0.04		0.65	TEX
OSK	0.89	0.37	0.78	0.67	0.15	-0.3	0.65		OSK
	ASTE	MNTX	ALG	CMCO	AGCO	TWI	TEX	OSK

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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

ALG	+ 0.94	ASTE
OSK	+ 0.89	ASTE
OSK	+ 0.78	ALG
CMCO	+ 0.77	ASTE
CMCO	+ 0.74	ALG
AGCO	+ 0.68	MNTX

High negative correlations

TWI	- 0.54	MNTX
TWI	- 0.47	AGCO
TWI	- 0.33	CMCO
OSK	- 0.3	TWI
TWI	- 0.2	ASTE
TWI	- 0.13	ALG

Risk-Adjusted Indicators

There is a big difference between Lion Stock performing well and Lion Electric 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 Lion Electric'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
ASTE	1.71	(0.14)	0.03	0.07	1.65	(2.13)	3.17	(2.45)	16.80
MNTX	1.66	0.46	0.21	0.68	1.13	(2.65)	0.89	(1.80)	48.84
ALG	1.46	(0.09)	(0.01)	0.07	1.51	(1.57)	2.41	(2.40)	12.83
CMCO	1.80	(0.02)	0.06	0.11	1.70	(2.03)	3.87	(2.70)	9.88
AGCO	1.39	0.01	0.01	0.13	1.99	(1.36)	2.65	(2.75)	10.25
TWI	2.37	(0.54)	0.00	(0.06)	0.00	0.00	4.15	(5.01)	16.96
TEX	1.91	(0.30)	0.00	(0.01)	0.00	0.00	4.13	(3.93)	16.23
OSK	1.52	(0.14)	(0.01)	0.05	1.84	(1.54)	2.78	(2.83)	12.69

Lion Electric Corporate Management

Ian Robertson	Independent Director	Profile
Maxime Gauvin	Vice Development	Profile
Brian Piern	Chief Officer	Profile
Richard Coulombe	Chief Officer	Profile
Nate Baguio	Senior USA	Profile
Michel Ringuet	Lead Independent Director	Profile

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