Niu Technologies Correlations

NIU Stock

USD 3.87 0.07 1.84%

The current 90-days correlation between Niu Technologies and Rivian Automotive is 0.16 (i.e., Average diversification). The correlation of Niu Technologies 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.

Niu Technologies Correlation With Market

Average diversification

The correlation between Niu Technologies and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Niu 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 Niu 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 gross domestic product.

For more information on how to buy Niu Stock please use our How to Invest in Niu Technologies guide.

Moving together with Niu Stock

0.67	ECX	ECARX Holdings Class	Pair Corr
0.81	PEV	Phoenix Motor Common	Pair Corr
0.78	XPEV	Xpeng Inc	Pair Corr

Moving against Niu Stock

0.87	WKSP	Worksport	Pair Corr
0.84	WKHS	Workhorse Group	Pair Corr
0.74	ECDA	ECD Automotive Design	Pair Corr
0.7	VLCN	Volcon Inc	Pair Corr
0.7	FOXF	Fox Factory Holding	Pair Corr
0.69	AXL	American Axle Manufa	Pair Corr
0.69	BWA	BorgWarner	Pair Corr
0.66	EVTV	Envirotech Vehicles Earnings Call This Week	Pair Corr
0.6	QS	Quantumscape Corp	Pair Corr
0.42	VC	Visteon Corp	Pair Corr
0.39	GM	General Motors	Pair Corr
0.35	ALV	Autoliv	Pair Corr
0.33	DORM	Dorman Products	Pair Corr
0.32	FLYE	Fly E Group,	Pair Corr
0.79	LOT	Lotus Technology American	Pair Corr
0.77	SMP	Standard Motor Products	Pair Corr
0.74	GGR	Gogoro Inc	Pair Corr
0.73	VFS	VinFast Auto	Pair Corr
0.67	MGA	Magna International	Pair Corr
0.63	MOD	Modine Manufacturing	Pair Corr
0.63	THO	Thor Industries	Pair Corr
0.55	FRSX	Foresight Autonomous	Pair Corr
0.4	SES	SES AI Corp	Pair Corr
0.35	SRI	Stoneridge	Pair Corr

Related Correlations Analysis

	XPEV	NIO	LCID	BYDDY	RIVN	LI	TSLA	RIDE	ARVL	FSR
XPEV		0.55	-0.76	0.86	-0.84	0.84	-0.94	0.0	0.0	0.0	XPEV
NIO	0.55		-0.37	0.47	-0.3	0.53	-0.49	0.0	0.0	0.0	NIO
LCID	-0.76	-0.37		-0.51	0.84	-0.58	0.73	0.0	0.0	0.0	LCID
BYDDY	0.86	0.47	-0.51		-0.67	0.84	-0.86	0.0	0.0	0.0	BYDDY
RIVN	-0.84	-0.3	0.84	-0.67		-0.67	0.82	0.0	0.0	0.0	RIVN
LI	0.84	0.53	-0.58	0.84	-0.67		-0.81	0.0	0.0	0.0	LI
TSLA	-0.94	-0.49	0.73	-0.86	0.82	-0.81		0.0	0.0	0.0	TSLA
RIDE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	RIDE
ARVL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ARVL
FSR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FSR
	XPEV	NIO	LCID	BYDDY	RIVN	LI	TSLA	RIDE	ARVL	FSR

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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

BYDDY	+ 0.86	XPEV
LI	+ 0.84	XPEV
RIVN	+ 0.84	LCID
LI	+ 0.84	BYDDY
TSLA	+ 0.82	RIVN
TSLA	+ 0.73	LCID

High negative correlations

TSLA	- 0.94	XPEV
TSLA	- 0.86	BYDDY
RIVN	- 0.84	XPEV
TSLA	- 0.81	LI
LCID	- 0.76	XPEV
LI	- 0.67	RIVN

Risk-Adjusted Indicators

There is a big difference between Niu Stock performing well and Niu Technologies 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 Niu Technologies' 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
XPEV	3.70	0.98	0.26	10.26	3.60	(4.22)	8.29	(6.39)	22.77
NIO	3.09	0.08	0.04	0.74	3.79	(3.27)	5.21	(6.70)	25.94
LCID	3.82	0.11	0.02	0.01	4.94	(3.84)	8.58	(7.55)	28.24
BYDDY	2.39	0.62	0.23	14.11	2.66	(2.79)	5.77	(3.62)	18.43
RIVN	3.15	(0.14)	0.00	(0.17)	0.00	0.00	6.57	(4.95)	32.24
LI	3.12	0.36	0.11	0.82	3.53	(3.37)	6.20	(4.92)	24.14
TSLA	3.38	(0.64)	0.00	(0.41)	0.00	0.00	7.36	(6.34)	23.64
RIDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARVL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Niu Technologies Corporate Management

Kai Yang	Vice Design	Profile
Jason Yang	Investor Manager	Profile
Bin Zhou	Vice Product	Profile
Wenjuan Zhou	Chief Officer	Profile
Yan Li	CEO Chairman	Profile
Kristal Li	Investor Manager	Profile

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