LOBO EV Correlations

Stocks . USA . 
Stock . LOBO EV TECHNOLOGIES
LOBO Stock   1.26  0.09  7.69%   
The current 90-days correlation between LOBO EV TECHNOLOGIES and Emerson Radio is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LOBO EV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LOBO EV TECHNOLOGIES moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LOBO EV Correlation With Market

Good diversification

The correlation between LOBO EV TECHNOLOGIES and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOBO EV TECHNOLOGIES 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 LOBO EV TECHNOLOGIES. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with LOBO Stock

  0.7GM General Motors Aggressive PushPairCorr
  0.74QS Quantumscape Corp Aggressive PushPairCorr
  0.85VLCN Volcon IncPairCorr
  0.88ECDA ECD Automotive DesignPairCorr
  0.92EVTV Envirotech Vehicles Earnings Call This WeekPairCorr
  0.95WKHS Workhorse GroupPairCorr
  0.71WKSP WorksportPairCorr
  0.87AXL American Axle ManufaPairCorr
  0.79BWA BorgWarnerPairCorr
  0.86FOXF Fox Factory HoldingPairCorr
  0.88GGR Gogoro IncPairCorr
  0.91LOT Lotus Technology AmericanPairCorr
  0.87MGA Magna InternationalPairCorr
  0.85MOD Modine ManufacturingPairCorr
  0.72SMP Standard Motor ProductsPairCorr
  0.61SRI Stoneridge Downward RallyPairCorr
  0.9VFS VinFast AutoPairCorr

Moving against LOBO Stock

  0.68LI Li AutoPairCorr
  0.89XPEV Xpeng IncPairCorr
  0.71NIU Niu Technologies TrendingPairCorr
  0.66DAN Dana IncPairCorr
  0.56ECX ECARX Holdings ClassPairCorr
  0.47PEV Phoenix Motor CommonPairCorr
  0.43HMC Honda MotorPairCorr
  0.31NIO Nio Class APairCorr

Related Correlations Analysis

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   
MPX
+ 0.87
BC
DIISY
+ 0.78
ANPDY
BC
+ 0.74
SONO
MPX
+ 0.74
SONO
DIISY
+ 0.67
PLYA
PLNT
+ 0.62
BC
  
High negative correlations   
ANPDY
- 0.85
SONO
BC
- 0.73
ANPDY
DIISY
- 0.66
SONO
DIISY
- 0.65
BC
BC
- 0.64
PLYA
MPX
- 0.63
ANPDY

Risk-Adjusted Indicators

There is a big difference between LOBO Stock performing well and LOBO EV 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 LOBO EV'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY