Expion360 Correlations

XPON Stock

USD 0.98 0.01 1.03%

The current 90-days correlation between Expion360 and Amprius Technologies is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Expion360 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expion360 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Expion360 Correlation With Market

Average diversification

The correlation between Expion360 and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expion360 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 Expion360. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.

Moving together with Expion360 Stock

0.85	ELPW	Elong Power Holding	Pair Corr
0.83	FCEL	FuelCell Energy	Pair Corr
0.81	EAF	GrafTech International	Pair Corr
0.71	ESP	Espey Mfg Electronics	Pair Corr
0.77	GWH	ESS Tech	Pair Corr
0.78	NVT	nVent Electric PLC	Pair Corr
0.87	NVX	Novonix Ltd ADR	Pair Corr
0.83	STI	Solidion Technology	Pair Corr
0.68	VRT	Vertiv Holdings	Pair Corr
0.66	HAYW	Hayward Holdings	Pair Corr
0.73	PITAW	Heramba Electric plc	Pair Corr
0.85	SDSTW	Stardust Power Symbol Change	Pair Corr
0.81	HUBB	Hubbell	Pair Corr
0.76	IPWR	Ideal Power	Pair Corr
0.83	NEOVW	NeoVolta Warrant	Pair Corr
0.92	NEOV	NeoVolta Common Stock	Pair Corr
0.77	PLUG	Plug Power	Pair Corr
0.66	POWL	Powell Industries	Pair Corr
0.85	PPSI	Pioneer Power Solutions	Pair Corr
0.83	SDST	Stardust Power Symbol Change	Pair Corr

Moving against Expion360 Stock

0.62	ENS	Enersys	Pair Corr
0.49	EPOW	Sunrise New Energy	Pair Corr
0.76	G	Genpact Limited	Pair Corr
0.45	APWC	Asia Pacific Wire	Pair Corr
0.42	DFLIW	Chardan NexTech Acqu	Pair Corr
0.31	SKYX	SKYX Platforms Corp	Pair Corr

Related Correlations Analysis

	ENVX	AMPX	FREY	EOSE	PPSI	CBAT	OPTT	IPWR	GWH	MVST
ENVX		0.8	0.62	0.79	0.42	0.64	0.72	0.81	0.81	0.66	ENVX
AMPX	0.8		0.64	0.71	0.09	0.42	0.75	0.52	0.49	0.53	AMPX
FREY	0.62	0.64		0.51	0.44	0.4	0.63	0.66	0.53	0.35	FREY
EOSE	0.79	0.71	0.51		0.09	0.52	0.68	0.64	0.57	0.62	EOSE
PPSI	0.42	0.09	0.44	0.09		0.28	0.12	0.71	0.74	0.21	PPSI
CBAT	0.64	0.42	0.4	0.52	0.28		0.66	0.62	0.67	0.63	CBAT
OPTT	0.72	0.75	0.63	0.68	0.12	0.66		0.6	0.51	0.65	OPTT
IPWR	0.81	0.52	0.66	0.64	0.71	0.62	0.6		0.91	0.57	IPWR
GWH	0.81	0.49	0.53	0.57	0.74	0.67	0.51	0.91		0.54	GWH
MVST	0.66	0.53	0.35	0.62	0.21	0.63	0.65	0.57	0.54		MVST
	ENVX	AMPX	FREY	EOSE	PPSI	CBAT	OPTT	IPWR	GWH	MVST

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Risk-Adjusted Indicators

There is a big difference between Expion360 Stock performing well and Expion360 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 Expion360'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
ENVX	4.34	0.05	0.00	(0.06)	0.00	0.00	11.41	(8.83)	35.83
AMPX	6.15	0.37	0.06	0.78	6.42	(7.59)	17.07	(9.68)	41.66
FREY	4.65	(0.37)	0.00	(0.45)	0.00	0.00	12.10	(8.76)	30.45
EOSE	5.11	0.94	0.15	0.23	4.92	(6.28)	13.79	(8.85)	40.49
PPSI	2.09	(0.48)	0.00	1.17	0.00	0.00	4.08	(4.61)	16.47
CBAT	2.67	0.03	0.04	(0.21)	3.27	(3.45)	6.25	(4.90)	30.55
OPTT	9.80	1.81	0.19	16.35	8.76	(13.73)	22.97	(12.50)	117.25
IPWR	3.25	(0.25)	0.00	(0.31)	0.00	0.00	7.22	(7.43)	26.53
GWH	5.03	(0.32)	0.00	(0.30)	0.00	0.00	9.85	(11.23)	51.21
MVST	6.90	0.81	0.10	0.48	7.44	(8.02)	24.84	(10.95)	64.07

Expion360 Corporate Management

Carson Heagen	Interim Officer	Profile
Greg Aydelot	Chief Officer	Profile
Greg Aydelott	Chief Officer	Profile
John Yozamp	CEO Chairman	Profile
Brian Schaffner	Chief Officer	Profile

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