Rivian Automotive Correlations

RIVN Stock

USD 11.60 0.72 6.62%

The current 90-days correlation between Rivian Automotive and Nio Class A is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rivian Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rivian Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rivian Automotive Correlation With Market

Modest diversification

The correlation between Rivian Automotive and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rivian Automotive 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 Rivian 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 real.

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

Moving together with Rivian Stock

0.69	BWA	BorgWarner	Pair Corr
0.74	MGA	Magna International	Pair Corr
0.73	MOD	Modine Manufacturing	Pair Corr
0.66	GNTX	Gentex	Pair Corr
0.66	INVZ	Innoviz Technologies	Pair Corr
0.84	LCID	Lucid Group	Pair Corr
0.73	NWTN	NWTN Class B	Pair Corr
0.79	VFSWW	VinFast Auto	Pair Corr
0.74	ADNT	Adient PLC	Pair Corr
0.82	TSLA	Tesla Inc	Pair Corr
0.72	M	Macys Inc	Pair Corr
0.74	W	Wayfair	Pair Corr
0.7	BC	Brunswick	Pair Corr
0.62	BQ	Boqii Holding Limited	Pair Corr
0.82	FL	Foot Locker	Pair Corr
0.74	LE	Lands End Earnings Call This Week	Pair Corr
0.76	RH	RH Earnings Call This Week	Pair Corr
0.7	UA	Under Armour C	Pair Corr
0.65	DLTH	Duluth Holdings	Pair Corr
0.75	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.67	DXLG	Destination XL Group	Pair Corr

Moving against Rivian Stock

0.73	JD	JD Inc Adr	Pair Corr
0.67	LI	Li Auto	Pair Corr
0.67	IH	Ihuman Inc	Pair Corr
0.58	XOSWW	Xos Equity Warrants	Pair Corr
0.55	GV	Visionary Education	Pair Corr
0.43	DAN	Dana Inc	Pair Corr
0.43	APTV	Aptiv PLC	Pair Corr
0.83	VIPS	Vipshop Holdings	Pair Corr
0.83	VSTA	Vasta Platform	Pair Corr
0.65	ADT	ADT Inc	Pair Corr
0.64	AGS	PlayAGS	Pair Corr
0.48	EVRI	Everi Holdings	Pair Corr

Related Correlations Analysis

	NIO	XPEV	FSR	MULN	TSLA	LI	LCID	GM	F
NIO		0.55	0.0	-0.11	-0.49	0.53	-0.37	-0.03	0.35	NIO
XPEV	0.55		0.0	-0.79	-0.94	0.84	-0.76	-0.63	0.13	XPEV
FSR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FSR
MULN	-0.11	-0.79	0.0		0.78	-0.62	0.47	0.69	0.06	MULN
TSLA	-0.49	-0.94	0.0	0.78		-0.81	0.73	0.65	-0.03	TSLA
LI	0.53	0.84	0.0	-0.62	-0.81		-0.58	-0.57	-0.12	LI
LCID	-0.37	-0.76	0.0	0.47	0.73	-0.58		0.41	-0.25	LCID
GM	-0.03	-0.63	0.0	0.69	0.65	-0.57	0.41		0.49	GM
F	0.35	0.13	0.0	0.06	-0.03	-0.12	-0.25	0.49		F
	NIO	XPEV	FSR	MULN	TSLA	LI	LCID	GM	F

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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

LI	+ 0.84	XPEV
TSLA	+ 0.78	MULN
LCID	+ 0.73	TSLA
GM	+ 0.69	MULN
GM	+ 0.65	TSLA
XPEV	+ 0.55	NIO

High negative correlations

TSLA	- 0.94	XPEV
LI	- 0.81	TSLA
MULN	- 0.79	XPEV
LCID	- 0.76	XPEV
GM	- 0.63	XPEV
LI	- 0.62	MULN

Risk-Adjusted Indicators

There is a big difference between Rivian Stock performing well and Rivian 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 Rivian 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
NIO	3.09	0.08	0.04	0.74	3.79	(3.27)	5.21	(6.70)	25.94
XPEV	3.70	0.98	0.26	10.26	3.60	(4.22)	8.29	(6.39)	22.77
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MULN	11.10	(7.19)	0.00	(4.53)	0.00	0.00	14.58	(27.78)	97.92
TSLA	3.38	(0.64)	0.00	(0.41)	0.00	0.00	7.36	(6.34)	23.64
LI	3.12	0.36	0.11	0.82	3.53	(3.37)	6.20	(4.92)	24.14
LCID	3.82	0.11	0.02	0.01	4.94	(3.84)	8.58	(7.55)	28.24
GM	1.78	0.03	0.00	(0.05)	0.00	0.00	3.39	(3.56)	14.61
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14

Rivian Automotive Corporate Management

Sreela Venkataratnam	Chief Officer	Profile
Jeffrey Baker	Chief Officer	Profile
Sarah OBrien	Chief Officer	Profile
Robert Scaringe	CEO Founder	Profile
CFA CFA	VP Relations	Profile
Anisa Costa	Chief Officer	Profile
Kjell Gruner	Executive Officer	Profile

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