Li Auto Correlations

LI Stock

USD 29.84 3.48 13.20%

The current 90-days correlation between Li Auto and Nio Class A is 0.44 (i.e., Very weak diversification). The correlation of Li Auto 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.

Li Auto Correlation With Market

Significant diversification

The correlation between Li Auto and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Li Auto 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 Li Auto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with Li Auto Stock

0.66	IH	Ihuman Inc	Pair Corr
0.62	DRI	Darden Restaurants	Pair Corr
0.65	MAT	Mattel Inc	Pair Corr
0.67	MCD	McDonalds	Pair Corr

Moving against Li Auto Stock

0.74	MOD	Modine Manufacturing	Pair Corr
0.7	DOOO	BRP Inc	Pair Corr
0.58	GM	General Motors	Pair Corr
0.57	CAL	Continental	Pair Corr
0.54	CMG	Chipotle Mexican Grill	Pair Corr
0.53	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.52	AXL	American Axle Manufa	Pair Corr
0.52	BLD	Topbuild Corp Earnings Call Tomorrow	Pair Corr
0.51	DOGZ	Dogness International Earnings Call Tomorrow	Pair Corr
0.47	WING	Wingstop	Pair Corr
0.44	DBI	Designer Brands	Pair Corr
0.42	HWH	HWH International	Pair Corr
0.38	TSLA	Tesla Inc	Pair Corr
0.37	GAP	Gap, Symbol Change	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.82	WWW	Wolverine World Wide	Pair Corr
0.78	SDA	SunCar Technology	Pair Corr
0.64	JOUT	Johnson Outdoors	Pair Corr
0.62	MODG	Callaway Golf Sell-off Trend	Pair Corr
0.57	GOLF	Acushnet Holdings Corp Earnings Call Tomorrow	Pair Corr
0.51	VRA	Vera Bradley	Pair Corr
0.48	MPX	Marine Products	Pair Corr
0.47	JACK	Jack In	Pair Corr
0.45	PLAY	Dave Busters Enterta	Pair Corr
0.4	YETI	YETI Holdings	Pair Corr

Related Correlations Analysis

	NIO	RIVN	LCID	TSLA	XPEV	FSR	MULN	BYDDF	F
NIO		-0.03	-0.34	0.02	-0.01	0.0	0.4	0.1	0.52	NIO
RIVN	-0.03		0.71	0.64	-0.61	0.0	0.23	-0.56	-0.48	RIVN
LCID	-0.34	0.71		0.37	-0.19	0.0	-0.34	-0.22	-0.76	LCID
TSLA	0.02	0.64	0.37		-0.65	0.0	0.24	-0.73	-0.16	TSLA
XPEV	-0.01	-0.61	-0.19	-0.65		0.0	-0.68	0.74	0.09	XPEV
FSR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FSR
MULN	0.4	0.23	-0.34	0.24	-0.68	0.0		-0.37	0.35	MULN
BYDDF	0.1	-0.56	-0.22	-0.73	0.74	0.0	-0.37		0.15	BYDDF
F	0.52	-0.48	-0.76	-0.16	0.09	0.0	0.35	0.15		F
	NIO	RIVN	LCID	TSLA	XPEV	FSR	MULN	BYDDF	F

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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

BYDDF	+ 0.74	XPEV
LCID	+ 0.71	RIVN
TSLA	+ 0.64	RIVN
F	+ 0.52	NIO
MULN	+ 0.4	NIO
TSLA	+ 0.37	LCID

High negative correlations

F	- 0.76	LCID
BYDDF	- 0.73	TSLA
MULN	- 0.68	XPEV
XPEV	- 0.65	TSLA
XPEV	- 0.61	RIVN
BYDDF	- 0.56	RIVN

Risk-Adjusted Indicators

There is a big difference between Li Auto Stock performing well and Li Auto 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 Li Auto'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
NIO	2.63	(0.09)	0.00	(0.59)	0.00	0.00	4.81	(4.85)	20.28
RIVN	3.44	0.30	0.08	0.26	3.46	(4.21)	6.75	(4.95)	32.24
LCID	3.54	0.40	0.09	0.92	4.12	(3.85)	10.05	(7.45)	23.98
TSLA	2.95	(0.11)	0.00	(0.21)	0.00	0.00	6.14	(6.08)	14.55
XPEV	3.07	0.87	0.25	1.99	2.81	(3.55)	8.29	(6.02)	19.98
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MULN	9.28	(6.19)	0.00	59.85	0.00	0.00	14.58	(27.98)	48.91
BYDDF	2.22	0.70	0.34	2.56	1.44	(2.59)	6.55	(3.17)	12.33
F	1.35	(0.21)	0.00	(0.27)	0.00	0.00	2.46	(2.90)	10.97

Li Auto Corporate Management

Tie Li	CFO Director	Profile
Janet Chang	Director Relations	Profile
Yanan Shen	Pres Director	Profile
Yee Lau	Joint Secretary	Profile
Yang Wang	Joint Secretary	Profile

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