Ree Automotive Correlations

REE Stock

USD 3.97 0.10 2.58%

The correlation of Ree Automotive 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.

Ree Automotive Correlation With Market

Modest diversification

The correlation between Ree Automotive Holding and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ree Automotive Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ree Automotive Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Ree Stock

0.86	UA	Under Armour C	Pair Corr
0.76	BZH	Beazer Homes USA	Pair Corr
0.68	CCS	Century Communities	Pair Corr
0.78	HOV	Hovnanian Enterprises	Pair Corr
0.75	KBH	KB Home	Pair Corr
0.84	KTB	Kontoor Brands	Pair Corr
0.72	MHO	MI Homes	Pair Corr
0.69	MTH	Meritage	Pair Corr
0.83	OXM	Oxford Industries Earnings Call Tomorrow	Pair Corr
0.76	TPH	TRI Pointe Homes	Pair Corr
0.86	GIII	G III Apparel	Pair Corr
0.87	LGIH	LGI Homes	Pair Corr
0.89	LIVE	Live Ventures	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.88	RH	RH Earnings Call Tomorrow	Pair Corr
0.85	ETSY	Etsy Inc	Pair Corr
0.64	EWCZ	European Wax Center	Pair Corr
0.69	DDS	Dillards	Pair Corr
0.72	DKS	Dicks Sporting Goods	Pair Corr
0.84	XELB	Xcel Brands	Pair Corr
0.84	FND	Floor Decor Holdings	Pair Corr
0.74	LOW	Lowes Companies	Pair Corr
0.79	GLBE	Global E Online	Pair Corr
0.83	KIRK	Kirklands	Pair Corr
0.86	RENT	Rent the Runway	Pair Corr

Moving against Ree Stock

0.69	JD	JD Inc Adr	Pair Corr
0.81	YUM	Yum Brands	Pair Corr
0.73	PDD	PDD Holdings	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.64	NATH	Nathans Famous	Pair Corr
0.63	MELI	MercadoLibre	Pair Corr
0.57	XOSWW	Xos Equity Warrants	Pair Corr
0.53	PZZA	Papa Johns International	Pair Corr

Related Correlations Analysis

	VEEE	LCII	CMOT	MPX	MCFT	MBUU	EZGO	BC
VEEE		0.28	0.2	0.2	0.12	0.23	0.01	0.23	VEEE
LCII	0.28		0.29	0.69	0.64	0.81	0.45	0.82	LCII
CMOT	0.2	0.29		0.15	0.08	0.14	0.15	0.21	CMOT
MPX	0.2	0.69	0.15		0.76	0.92	0.58	0.86	MPX
MCFT	0.12	0.64	0.08	0.76		0.77	0.46	0.69	MCFT
MBUU	0.23	0.81	0.14	0.92	0.77		0.59	0.94	MBUU
EZGO	0.01	0.45	0.15	0.58	0.46	0.59		0.56	EZGO
BC	0.23	0.82	0.21	0.86	0.69	0.94	0.56		BC
	VEEE	LCII	CMOT	MPX	MCFT	MBUU	EZGO	BC

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Risk-Adjusted Indicators

There is a big difference between Ree Stock performing well and Ree 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 Ree 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
VEEE	5.68	0.43	0.06	0.34	6.05	(8.91)	16.67	(10.20)	76.41
LCII	1.56	(0.25)	0.00	(0.24)	0.00	0.00	2.58	(4.00)	10.45
CMOT	7.41	(0.26)	0.00	0.09	0.00	0.00	17.65	(30.00)	162.12
MPX	1.54	(0.13)	0.00	(0.22)	0.00	0.00	3.06	(3.26)	12.51
MCFT	1.80	(0.21)	0.00	0.36	0.00	0.00	2.89	(4.14)	22.81
MBUU	2.02	(0.39)	0.00	(0.36)	0.00	0.00	3.93	(3.93)	11.03
EZGO	4.49	(0.91)	0.00	(0.90)	0.00	0.00	7.41	(10.64)	25.24
BC	1.56	(0.27)	0.00	(0.25)	0.00	0.00	2.70	(3.55)	9.68

Ree Automotive Corporate Management

Tali Miller	Chief Officer	Profile
Yaron Zaltsman	Chief Officer	Profile
Daniel Barel	CEO CoFounder	Profile
Josh Tech	Chief Officer	Profile
Joshua Tech	Chief Officer	Profile
Keren Shemesh	Chief Officer	Profile
Avital Futterman	General Secretary	Profile

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