Xpeng Correlations

XPEV Stock

USD 23.80 1.16 5.12%

The current 90-days correlation between Xpeng Inc and Li Auto is 0.65 (i.e., Poor diversification). The correlation of Xpeng 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.

Xpeng Correlation With Market

Significant diversification

The correlation between Xpeng Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xpeng Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xpeng 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 income.

Moving together with Xpeng Stock

0.85	LI	Li Auto	Pair Corr
0.74	ECX	ECARX Holdings Class	Pair Corr
0.84	NIU	Niu Technologies Earnings Call Tomorrow	Pair Corr

Moving against Xpeng Stock

0.88	VLCN	Volcon Inc	Pair Corr
0.88	WKHS	Workhorse Group	Pair Corr
0.87	ECDA	ECD Automotive Design	Pair Corr
0.84	WKSP	Worksport	Pair Corr
0.83	EVTV	Envirotech Vehicles Earnings Call This Week	Pair Corr
0.78	AXL	American Axle Manufa	Pair Corr
0.78	FOXF	Fox Factory Holding	Pair Corr
0.77	BWA	BorgWarner	Pair Corr
0.74	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.67	GM	General Motors Aggressive Push	Pair Corr
0.44	FLYE	Fly E Group,	Pair Corr
0.37	DORM	Dorman Products	Pair Corr
0.32	VC	Visteon Corp	Pair Corr
0.94	VFS	VinFast Auto Buyout Trend	Pair Corr
0.93	LOT	Lotus Technology American	Pair Corr
0.92	SEG	Seaport Entertainment	Pair Corr
0.83	MOD	Modine Manufacturing	Pair Corr
0.79	MGA	Magna International	Pair Corr
0.78	HOG	Harley Davidson	Pair Corr
0.78	XPEL	Xpel Inc	Pair Corr
0.77	SMP	Standard Motor Products	Pair Corr
0.71	GGR	Gogoro Inc	Pair Corr
0.57	THO	Thor Industries	Pair Corr
0.55	FRSX	Foresight Autonomous	Pair Corr
0.49	SRI	Stoneridge	Pair Corr
0.45	SES	SES AI Corp	Pair Corr
0.32	SUP	Superior Industries	Pair Corr

Related Correlations Analysis

	TSLA	LI	RIVN	LCID	NIO	BYDDY	F	FSR	MULN
TSLA		-0.83	0.82	0.68	-0.4	-0.84	0.16	0.0	0.73	TSLA
LI	-0.83		-0.67	-0.52	0.46	0.86	-0.24	0.0	-0.61	LI
RIVN	0.82	-0.67		0.78	-0.21	-0.65	0.03	0.0	0.68	RIVN
LCID	0.68	-0.52	0.78		-0.37	-0.44	-0.24	0.0	0.28	LCID
NIO	-0.4	0.46	-0.21	-0.37		0.37	0.32	0.0	0.06	NIO
BYDDY	-0.84	0.86	-0.65	-0.44	0.37		-0.3	0.0	-0.68	BYDDY
F	0.16	-0.24	0.03	-0.24	0.32	-0.3		0.0	0.32	F
FSR	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FSR
MULN	0.73	-0.61	0.68	0.28	0.06	-0.68	0.32	0.0		MULN
	TSLA	LI	RIVN	LCID	NIO	BYDDY	F	FSR	MULN

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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	LI
RIVN	+ 0.82	TSLA
LCID	+ 0.78	RIVN
MULN	+ 0.73	TSLA
LCID	+ 0.68	TSLA
MULN	+ 0.68	RIVN

High negative correlations

BYDDY	- 0.84	TSLA
LI	- 0.83	TSLA
MULN	- 0.68	BYDDY
RIVN	- 0.67	LI
BYDDY	- 0.65	RIVN
MULN	- 0.61	LI

Risk-Adjusted Indicators

There is a big difference between Xpeng Stock performing well and Xpeng 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 Xpeng'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
TSLA	3.38	(0.62)	0.00	(0.46)	0.00	0.00	7.36	(6.34)	23.64
LI	3.10	0.40	0.12	0.79	3.51	(3.37)	6.20	(4.92)	24.14
RIVN	3.06	(0.12)	0.00	(0.19)	0.00	0.00	5.90	(4.95)	32.24
LCID	3.70	0.22	0.04	0.09	4.87	(3.70)	8.58	(7.55)	28.24
NIO	2.97	0.21	0.08	1.22	3.40	(3.27)	5.21	(4.85)	24.30
BYDDY	2.30	0.66	0.26	18.72	2.48	(2.68)	5.77	(3.52)	18.43
F	1.44	0.07	0.00	(0.03)	0.00	0.00	2.71	(2.89)	10.14
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MULN	11.01	(6.69)	0.00	(3.92)	0.00	0.00	14.58	(27.78)	97.92

Xpeng Corporate Management

Alex Xie	Head Relations	Profile
Jiaming Wu	Vice Accounting	Profile
Ping Jiang	Vice President - Manufacturing	Profile
Han Xu	VP RD	Profile
Minghui Liu	Vice President - Powertrain	Profile
Fei Yang	Independent Director	Profile

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