Lotus Technology Correlations
| LOTWW Stock | 0.12 0.03 20.00% |
The current 90-days correlation between Lotus Technology Warrants and flyExclusive, is 0.2 (i.e., Modest diversification). The correlation of Lotus Technology 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.
Lotus Technology Correlation With Market
Significant diversification
The correlation between Lotus Technology Warrants and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotus Technology Warrants and DJI in the same portfolio, assuming nothing else is changed.
Lotus |
Moving together with Lotus Stock
| 0.62 | F-PB | Ford Motor | PairCorr |
| 0.73 | IP | International Paper | PairCorr |
| 0.74 | SW | Smurfit WestRock plc | PairCorr |
| 0.81 | VIRC | Virco Manufacturing | PairCorr |
| 0.9 | WPRT | Westport Fuel Systems | PairCorr |
| 0.67 | AIN | Albany International | PairCorr |
| 0.69 | GEF | Greif Bros | PairCorr |
| 0.7 | KRT | Karat Packaging | PairCorr |
| 0.61 | MLR | Miller Industries | PairCorr |
| 0.74 | BC-PC | Brunswick Corp | PairCorr |
Moving against Lotus Stock
Related Correlations Analysis
| 0.18 | -0.1 | 0.71 | 0.0 | 0.6 | 0.89 | ALDF | ||
| 0.18 | 0.59 | -0.14 | 0.0 | 0.18 | 0.05 | AEG | ||
| -0.1 | 0.59 | -0.4 | 0.0 | -0.01 | -0.23 | FLYX | ||
| 0.71 | -0.14 | -0.4 | 0.0 | 0.69 | 0.86 | UVE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EFRMF | ||
| 0.6 | 0.18 | -0.01 | 0.69 | 0.0 | 0.77 | CB | ||
| 0.89 | 0.05 | -0.23 | 0.86 | 0.0 | 0.77 | FNF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lotus Stock performing well and Lotus Technology 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 Lotus Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALDF | 0.09 | 0.02 | 0.14 | 1.88 | 0.00 | 0.20 | 0.50 | |||
| AEG | 1.22 | 0.23 | 0.08 | 0.96 | 2.51 | 2.68 | 12.41 | |||
| FLYX | 4.03 | 0.52 | 0.11 | (0.37) | 4.22 | 9.35 | 25.27 | |||
| UVE | 1.37 | 0.14 | 0.09 | 0.21 | 1.40 | 3.10 | 12.00 | |||
| EFRMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CB | 1.00 | 0.13 | 0.11 | 0.36 | 1.03 | 2.22 | 5.98 | |||
| FNF | 1.10 | 0.24 | 0.18 | 0.34 | 1.01 | 2.50 | 6.45 |