Mullen Automotive Correlations

MULN Stock

USD 2.36 0.91 27.83%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mullen Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mullen Automotive Correlation With Market

Average diversification

The correlation between Mullen Automotive and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mullen Automotive 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 Mullen Automotive. 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 economic analysis.

To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.

Moving together with Mullen Stock

0.85	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.79	GM	General Motors	Pair Corr
0.8	AXL	American Axle Manufa	Pair Corr
0.72	MOD	Modine Manufacturing	Pair Corr
0.75	BQ	Boqii Holding Limited	Pair Corr
0.76	DOGZ	Dogness International Earnings Call Tomorrow	Pair Corr
0.75	WING	Wingstop	Pair Corr
0.67	BLD	Topbuild Corp Earnings Call Tomorrow	Pair Corr
0.97	CAL	Continental	Pair Corr
0.65	CMG	Chipotle Mexican Grill	Pair Corr
0.84	MPX	Marine Products	Pair Corr
0.83	QSR	Restaurant Brands	Pair Corr

Moving against Mullen Stock

0.89	FNKO	Funko Inc Earnings Call Next Week	Pair Corr
0.85	DRI	Darden Restaurants	Pair Corr
0.54	IH	Ihuman Inc	Pair Corr
0.37	GV	Visionary Education	Pair Corr
0.34	TSLA	Tesla Inc	Pair Corr
0.9	PLYA	Playa Hotels Resorts	Pair Corr
0.77	RCKY	Rocky Brands Earnings Call Tomorrow	Pair Corr
0.63	LTH	Life Time Group	Pair Corr
0.57	OSW	OneSpaWorld Holdings Earnings Call Tomorrow	Pair Corr
0.57	PLNT	Planet Fitness	Pair Corr
0.49	JAKK	JAKKS Pacific Earnings Call Tomorrow	Pair Corr
0.47	SKX	Skechers USA	Pair Corr
0.41	XPOF	Xponential Fitness Earnings Call Tomorrow	Pair Corr
0.31	MAT	Mattel Inc	Pair Corr

Related Correlations Analysis

	HYMC	BBIG	IMPP	XELA	CEI
HYMC		0.0	-0.08	0.0	0.0	HYMC
BBIG	0.0		0.0	0.0	0.0	BBIG
IMPP	-0.08	0.0		0.0	0.0	IMPP
XELA	0.0	0.0	0.0		0.0	XELA
CEI	0.0	0.0	0.0	0.0		CEI
	HYMC	BBIG	IMPP	XELA	CEI

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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

BBIG	+ 0.0	HYMC
XELA	+ 0.0	HYMC
CEI	+ 0.0	HYMC
IMPP	+ 0.0	BBIG
XELA	+ 0.0	BBIG
CEI	+ 0.0	BBIG

High negative correlations

IMPP	- 0.08	HYMC
CEI	- 0.0	XELA
CEI	- 0.0	IMPP
XELA	- 0.0	IMPP
CEI	- 0.0	BBIG
XELA	- 0.0	BBIG

Risk-Adjusted Indicators

There is a big difference between Mullen Stock performing well and Mullen Automotive 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 Mullen Automotive'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
HYMC	2.77	0.12	0.03	0.28	3.33	(3.18)	6.58	(4.39)	24.44
BBIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMPP	1.92	(0.41)	0.00	0.78	0.00	0.00	4.35	(4.72)	18.03
XELA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CEI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Mullen Automotive Corporate Management

Dave Adkins	Chief Vehicles	Profile
Marianne McInerney	Business Strategy	Profile
David Michery	Chairman, Founder	Profile
Jillian Green	Vice Affairs	Profile
Kerri Sadler	Chief Officer	Profile

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