SES AI Correlations

SES Stock

USD 0.41 0.05 10.87%

The current 90-days correlation between SES AI Corp and Cooper Stnd is 0.26 (i.e., Modest diversification). The correlation of SES AI 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.

SES AI Correlation With Market

Significant diversification

The correlation between SES AI Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SES AI Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SES AI Corp. 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 SES Stock

0.8	QS	Quantumscape Corp	Pair Corr
0.87	VLCN	Volcon Inc	Pair Corr
0.83	ECDA	ECD Automotive Design	Pair Corr
0.62	EVTV	Envirotech Vehicles	Pair Corr
0.92	FFIE	Faraday Future Intel Buyout Trend	Pair Corr
0.77	FOXF	Fox Factory Holding	Pair Corr
0.71	FRSX	Foresight Autonomous	Pair Corr
0.64	GGR	Gogoro Inc	Pair Corr
0.79	HMC	Honda Motor	Pair Corr
0.74	HOG	Harley Davidson	Pair Corr
0.8	GOEV	Canoo Inc	Pair Corr
0.72	KNDI	Kandi Technologies	Pair Corr
0.88	LCID	Lucid Group Aggressive Push	Pair Corr
0.75	MULN	Mullen Automotive	Pair Corr

Moving against SES Stock

0.79	GM	General Motors	Pair Corr
0.77	DORM	Dorman Products	Pair Corr
0.73	GT	Goodyear Tire Rubber	Pair Corr
0.72	WKHS	Workhorse Group	Pair Corr
0.6	ZK	ZEEKR Intelligent	Pair Corr
0.54	WKSP	Worksport Buyout Trend	Pair Corr
0.38	F	Ford Motor	Pair Corr
0.73	XPEV	Xpeng Inc	Pair Corr
0.69	MGA	Magna International	Pair Corr
0.58	AXL	American Axle Manufa	Pair Corr
0.56	CPS	Cooper Stnd	Pair Corr
0.55	ALV	Autoliv	Pair Corr
0.5	THO	Thor Industries	Pair Corr
0.46	GNTX	Gentex	Pair Corr
0.42	MOD	Modine Manufacturing	Pair Corr
0.33	BWA	BorgWarner	Pair Corr
0.73	NWTN	NWTN Class B	Pair Corr
0.69	TSLA	Tesla Inc Buyout Trend	Pair Corr
0.48	H	Hyatt Hotels	Pair Corr
0.43	M	Macys Inc	Pair Corr

Related Correlations Analysis

	CPS	MPAA	AXL	SRI	DAN	SUP	LEA	DORM	MNRO	GNTX
CPS		0.36	0.52	-0.64	-0.09	-0.57	-0.51	0.78	0.51	0.48	CPS
MPAA	0.36		0.76	-0.4	0.59	-0.66	-0.01	0.53	0.12	0.12	MPAA
AXL	0.52	0.76		-0.56	0.47	-0.69	-0.22	0.64	0.3	0.39	AXL
SRI	-0.64	-0.4	-0.56		0.09	0.86	0.81	-0.87	-0.33	-0.44	SRI
DAN	-0.09	0.59	0.47	0.09		-0.13	0.49	-0.06	-0.2	-0.01	DAN
SUP	-0.57	-0.66	-0.69	0.86	-0.13		0.67	-0.88	-0.09	-0.37	SUP
LEA	-0.51	-0.01	-0.22	0.81	0.49	0.67		-0.71	-0.2	-0.35	LEA
DORM	0.78	0.53	0.64	-0.87	-0.06	-0.88	-0.71		0.29	0.5	DORM
MNRO	0.51	0.12	0.3	-0.33	-0.2	-0.09	-0.2	0.29		0.37	MNRO
GNTX	0.48	0.12	0.39	-0.44	-0.01	-0.37	-0.35	0.5	0.37		GNTX
	CPS	MPAA	AXL	SRI	DAN	SUP	LEA	DORM	MNRO	GNTX

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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

SUP	+ 0.86	SRI
LEA	+ 0.81	SRI
DORM	+ 0.78	CPS
AXL	+ 0.76	MPAA
LEA	+ 0.67	SUP
DORM	+ 0.64	AXL

High negative correlations

DORM	- 0.88	SUP
DORM	- 0.87	SRI
DORM	- 0.71	LEA
SUP	- 0.69	AXL
SUP	- 0.66	MPAA
SRI	- 0.64	CPS

Risk-Adjusted Indicators

There is a big difference between SES Stock performing well and SES AI 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 SES AI'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
CPS	2.74	0.08	0.05	0.13	3.16	(2.94)	6.04	(6.64)	24.31
MPAA	3.04	0.55	0.19	0.67	2.54	(3.84)	8.38	(4.06)	19.99
AXL	2.04	0.26	0.09	0.79	2.02	(2.27)	5.00	(3.02)	12.38
SRI	2.82	(0.82)	0.00	(19.12)	0.00	0.00	4.32	(6.29)	30.05
DAN	2.95	0.34	0.11	0.23	4.09	(3.26)	6.80	(5.70)	22.77
SUP	2.16	(0.53)	0.00	(0.24)	0.00	0.00	3.83	(5.26)	13.02
LEA	1.46	(0.17)	0.00	(0.06)	0.00	0.00	3.00	(3.16)	9.75
DORM	1.33	0.25	0.19	0.40	0.90	(1.67)	3.10	(2.03)	14.67
MNRO	1.50	(0.04)	0.00	0.06	1.71	(1.65)	4.56	(2.97)	10.44
GNTX	1.11	0.04	0.01	0.17	1.20	(1.22)	2.33	(1.92)	7.93

SES AI Corporate Management

Mike CLP	Vice Compliance	Profile
Hans Kim	VP KOREA	Profile
Hong Gan	Chief Officer	Profile
Jing Nealis	Chief Officer	Profile
Qichao Hu	Chairman Founder	Profile
Winston Wang	Senior China	Profile
Gang Li	Chief Officer	Profile

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