Volcon Correlations

VLCN Stock

USD 0.87 0.02 2.25%

The current 90-days correlation between Volcon Inc and AYRO Inc is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Volcon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcon Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Volcon Correlation With Market

Good diversification

The correlation between Volcon Inc and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volcon Inc 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 Volcon Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Volcon Stock

0.84	GM	General Motors Aggressive Push	Pair Corr
0.63	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.75	ECDA	ECD Automotive Design	Pair Corr
0.9	EVTV	Envirotech Vehicles Earnings Call This Week	Pair Corr
0.84	WKHS	Workhorse Group	Pair Corr
0.7	WKSP	Worksport	Pair Corr
0.79	AXL	American Axle Manufa	Pair Corr
0.88	BWA	BorgWarner	Pair Corr
0.87	FOXF	Fox Factory Holding	Pair Corr
0.66	GGR	Gogoro Inc	Pair Corr
0.87	HOG	Harley Davidson	Pair Corr
0.9	LOT	Lotus Technology American	Pair Corr
0.84	MGA	Magna International	Pair Corr
0.88	MOD	Modine Manufacturing	Pair Corr
0.81	SEG	Seaport Entertainment	Pair Corr
0.61	SMP	Standard Motor Products	Pair Corr

Moving against Volcon Stock

0.82	LI	Li Auto	Pair Corr
0.68	DAN	Dana Inc	Pair Corr
0.57	ECX	ECARX Holdings Class	Pair Corr
0.88	XPEV	Xpeng Inc	Pair Corr
0.79	HSAI	Hesai Group American	Pair Corr
0.79	KNDI	Kandi Technologies	Pair Corr
0.77	NIU	Niu Technologies Earnings Call Today	Pair Corr
0.41	PEV	Phoenix Motor Common	Pair Corr
0.41	GGROW	Gogoro Equity Warrant	Pair Corr
0.32	ZAPPW	Zapp Electric Vehicles	Pair Corr
0.32	FFIEW	Faraday Future Intel Symbol Change	Pair Corr

Related Correlations Analysis

	AYRO	WKHS	FSR	GOEV	RIDE	SOLO	GP	CENN	MULN	ARVL
AYRO		0.88	0.0	0.79	0.0	0.0	0.78	0.67	0.8	0.0	AYRO
WKHS	0.88		0.0	0.92	0.0	0.0	0.75	0.63	0.9	0.0	WKHS
FSR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FSR
GOEV	0.79	0.92	0.0		0.0	0.0	0.62	0.63	0.94	0.0	GOEV
RIDE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RIDE
SOLO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SOLO
GP	0.78	0.75	0.0	0.62	0.0	0.0		0.71	0.56	0.0	GP
CENN	0.67	0.63	0.0	0.63	0.0	0.0	0.71		0.55	0.0	CENN
MULN	0.8	0.9	0.0	0.94	0.0	0.0	0.56	0.55		0.0	MULN
ARVL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ARVL
	AYRO	WKHS	FSR	GOEV	RIDE	SOLO	GP	CENN	MULN	ARVL

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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

MULN	+ 0.94	GOEV
GOEV	+ 0.92	WKHS
MULN	+ 0.9	WKHS
WKHS	+ 0.88	AYRO
MULN	+ 0.8	AYRO
GOEV	+ 0.79	AYRO

High negative correlations

ARVL	- 0.0	MULN
ARVL	- 0.0	CENN
ARVL	- 0.0	GP
ARVL	- 0.0	SOLO
MULN	- 0.0	SOLO
CENN	- 0.0	SOLO

Risk-Adjusted Indicators

There is a big difference between Volcon Stock performing well and Volcon 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 Volcon'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AYRO	4.07	(0.33)	(0.53)	7.69	(8.64)	41.28
WKHS	5.11	(2.37)	(2.24)	8.58	(10.48)	39.33
FSR	0.00	0.00	0.00	0.00	0.00	0.00
GOEV	11.78	(4.83)	12.31	33.20	(29.17)	107.21
RIDE	0.00	0.00	0.00	0.00	0.00	0.00
SOLO	0.00	0.00	0.00	0.00	0.00	0.00
GP	3.90	(0.48)	(5.45)	8.11	(8.20)	43.05
CENN	3.24	(0.07)	(0.19)	7.29	(5.83)	43.00
MULN	11.01	(6.69)	(3.92)	14.58	(27.78)	97.92
ARVL	0.00	0.00	0.00	0.00	0.00	0.00

Volcon Corporate Management

Stephanie Davis	Chief Officer	Profile
Eduardo SalcedoLopez	Chief Officer	Profile
Greg Endo	Chief Officer	Profile
Jordan Davis	CEO Director	Profile
Josh Rasmussen	Chief Officer	Profile

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