Movella Holdings Correlations

Summary

MVLADelisted Stock

1.87 0.02 1.06%

The current 90-days correlation between Movella Holdings and Kubient is -0.2 (i.e., Good diversification). The correlation of Movella Holdings 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.

Movella Holdings Correlation With Market

Significant diversification

The correlation between Movella Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Movella Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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.

Moving together with Movella Stock

0.68	BL	Blackline	Pair Corr
0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.71	QH	Quhuo	Pair Corr
0.63	DUOL	Duolingo	Pair Corr
0.64	DUOT	Duos Technologies	Pair Corr

Moving against Movella Stock

0.82	VCSA	Vacasa Inc Trending	Pair Corr
0.58	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.54	DMAN	Innovativ Media Group	Pair Corr
0.77	ETWO	E2open Parent Holdings	Pair Corr
0.68	EVOL	Evolving Systems	Pair Corr
0.65	EZFL	EzFill Holdings	Pair Corr
0.54	WALDW	Waldencast Acquisition	Pair Corr
0.5	EGAN	eGain	Pair Corr
0.44	WDAY	Workday Downward Rally	Pair Corr
0.41	SBIGW	SpringBig Holdings	Pair Corr
0.4	EXFY	Expensify	Pair Corr
0.32	WALD	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	KBNT	HTCR	IDAI	QH	IFBD	BMR	MCLD	CXAI
KBNT		-0.34	0.06	-0.26	-0.12	0.05	0.13	0.36	KBNT
HTCR	-0.34		0.1	0.53	0.36	-0.69	0.14	-0.71	HTCR
IDAI	0.06	0.1		-0.26	0.32	0.02	-0.19	0.3	IDAI
QH	-0.26	0.53	-0.26		0.46	-0.1	0.5	-0.72	QH
IFBD	-0.12	0.36	0.32	0.46		-0.07	0.54	-0.3	IFBD
BMR	0.05	-0.69	0.02	-0.1	-0.07		0.0	0.49	BMR
MCLD	0.13	0.14	-0.19	0.5	0.54	0.0		-0.39	MCLD
CXAI	0.36	-0.71	0.3	-0.72	-0.3	0.49	-0.39		CXAI
	KBNT	HTCR	IDAI	QH	IFBD	BMR	MCLD	CXAI

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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

MCLD	+ 0.54	IFBD
QH	+ 0.53	HTCR
MCLD	+ 0.5	QH
CXAI	+ 0.49	BMR
IFBD	+ 0.46	QH
CXAI	+ 0.36	KBNT

High negative correlations

CXAI	- 0.72	QH
CXAI	- 0.71	HTCR
BMR	- 0.69	HTCR
CXAI	- 0.39	MCLD
HTCR	- 0.34	KBNT
CXAI	- 0.3	IFBD

Risk-Adjusted Indicators

There is a big difference between Movella Stock performing well and Movella Holdings 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 Movella Holdings' 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
KBNT	4.26	0.02	(0.02)	0.01	5.26	(6.12)	7.94	(9.80)	59.23
HTCR	5.41	1.24	0.23	0.48	5.36	(6.46)	14.14	(10.17)	26.35
IDAI	8.62	2.56	0.23	(2.80)	6.29	(19.21)	9.09	(11.11)	47.05
QH	11.37	4.72	0.65	8.40	5.32	(15.94)	14.56	(8.33)	329.09
IFBD	4.13	0.72	0.11	(1.83)	4.16	(5.06)	9.18	(7.55)	25.02
BMR	3.17	(0.28)	0.00	(1.10)	0.00	0.00	8.63	(5.23)	24.22
MCLD	7.03	0.92	0.02	(0.07)	8.81	(9.30)	19.15	(13.79)	56.20
CXAI	3.36	(0.63)	0.00	(0.21)	0.00	0.00	7.01	(7.25)	29.23

Movella Holdings Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Movella Holdings stock to make a market-neutral strategy. Peer analysis of Movella Holdings could also be used in its relative valuation, which is a method of valuing Movella Holdings by comparing valuation metrics with similar companies.

Kubient HeartCore Enterprises Trust Stamp Quhuo Infobird Co Beamr Imaging Ltd MCloud Technologies Corp CXApp Inc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Movella Holdings Corporate Management

Geoffrey Charubin	Chief Staff	Profile
Ben Lee	Consultant	Profile
Keith Cook	Vice Sales	Profile
Dale Pistilli	Vice Marketing	Profile
Stephen Smith	Chief Officer	Profile
Vijay Nadkarni	Chief Officer	Profile

Still Interested in Movella Holdings?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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