ECARX Holdings Correlations

ECX Stock

1.30 0.14 9.72%

The current 90-days correlation between ECARX Holdings Class and Dana Inc is 0.37 (i.e., Weak diversification). The correlation of ECARX Holdings 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.

ECARX Holdings Correlation With Market

Weak diversification

The correlation between ECARX Holdings Class and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECARX Holdings Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ECARX Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECARX Holdings Class. 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 ECARX Stock

0.87	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.78	GM	General Motors Earnings Call Today	Pair Corr
0.82	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.64	ZK	ZEEKR Intelligent	Pair Corr
0.61	DORM	Dorman Products	Pair Corr
0.71	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.66	FLYE	Fly E Group,	Pair Corr
0.89	ALV	Autoliv	Pair Corr
0.71	AXL	American Axle Manufa	Pair Corr
0.87	BWA	BorgWarner	Pair Corr
0.83	FOXF	Fox Factory Holding	Pair Corr
0.73	CPS	Cooper Stnd	Pair Corr
0.85	DAN	Dana Inc	Pair Corr
0.82	MBLY	Mobileye Global Class	Pair Corr
0.72	MPAA	Motorcar Parts	Pair Corr
0.61	NWTN	NWTN Class B	Pair Corr
0.9	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.67	M	Macys Inc	Pair Corr
0.86	W	Wayfair	Pair Corr
0.7	DIBS	1StdibsCom	Pair Corr
0.92	AN	AutoNation	Pair Corr
0.79	AS	Amer Sports,	Pair Corr
0.83	BC	Brunswick Earnings Call This Week	Pair Corr
0.83	BH	Biglari Holdings	Pair Corr
0.75	EM	Smart Share Global	Pair Corr
0.71	FL	Foot Locker	Pair Corr

Moving against ECARX Stock

0.78	MULN	Mullen Automotive	Pair Corr
0.68	ECDA	ECD Automotive Design	Pair Corr
0.65	EVTV	Envirotech Vehicles	Pair Corr
0.42	TM	Toyota Motor	Pair Corr
0.69	SG	Sweetgreen	Pair Corr
0.6	DNUT	Krispy Kreme	Pair Corr
0.51	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	BAER	CDIO	DAN	ECXWW	EUDA	FOXF	GNTX	MLEC	MPAA	OCEA
BAER		-0.56	0.58	0.5	-0.7	0.74	0.37	-0.58	0.64	-0.67	BAER
CDIO	-0.56		-0.89	-0.66	0.48	-0.87	-0.4	-0.02	-0.76	0.83	CDIO
DAN	0.58	-0.89		0.56	-0.59	0.9	0.43	-0.05	0.76	-0.89	DAN
ECXWW	0.5	-0.66	0.56		-0.54	0.66	0.28	-0.14	0.75	-0.65	ECXWW
EUDA	-0.7	0.48	-0.59	-0.54		-0.66	-0.31	0.61	-0.67	0.74	EUDA
FOXF	0.74	-0.87	0.9	0.66	-0.66		0.61	-0.21	0.86	-0.87	FOXF
GNTX	0.37	-0.4	0.43	0.28	-0.31	0.61		-0.32	0.53	-0.5	GNTX
MLEC	-0.58	-0.02	-0.05	-0.14	0.61	-0.21	-0.32		-0.21	0.36	MLEC
MPAA	0.64	-0.76	0.76	0.75	-0.67	0.86	0.53	-0.21		-0.79	MPAA
OCEA	-0.67	0.83	-0.89	-0.65	0.74	-0.87	-0.5	0.36	-0.79		OCEA
	BAER	CDIO	DAN	ECXWW	EUDA	FOXF	GNTX	MLEC	MPAA	OCEA

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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

FOXF	+ 0.9	DAN
MPAA	+ 0.86	FOXF
OCEA	+ 0.83	CDIO
MPAA	+ 0.76	DAN
MPAA	+ 0.75	ECXWW
FOXF	+ 0.74	BAER

High negative correlations

OCEA	- 0.89	DAN
DAN	- 0.89	CDIO
OCEA	- 0.87	FOXF
FOXF	- 0.87	CDIO
OCEA	- 0.79	MPAA
MPAA	- 0.76	CDIO

Risk-Adjusted Indicators

There is a big difference between ECARX Stock performing well and ECARX Holdings 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 ECARX Holdings' 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
BAER	3.80	0.20	0.06	0.26	4.26	(4.09)	7.89	(6.63)	28.28
CDIO	6.70	(1.15)	0.00	(0.95)	0.00	0.00	13.41	(12.74)	60.92
DAN	1.84	0.47	0.26	0.54	1.30	(2.07)	4.80	(2.60)	10.01
ECXWW	10.34	1.10	0.07	2.23	11.43	(13.68)	29.74	(24.24)	65.53
EUDA	2.83	(0.29)	0.00	0.84	0.00	0.00	5.36	(5.07)	15.52
FOXF	2.12	0.25	0.13	0.29	2.04	(2.43)	5.07	(4.23)	16.27
GNTX	1.26	(0.01)	(0.01)	0.12	1.23	(1.56)	2.51	(2.38)	8.03
MLEC	4.46	(0.77)	0.00	(3.61)	0.00	0.00	12.32	(11.27)	36.00
MPAA	2.59	0.29	0.07	0.44	3.67	(2.84)	6.83	(4.15)	26.04
OCEA	9.68	(3.33)	0.00	6.63	0.00	0.00	19.29	(20.00)	99.75

ECARX Holdings Corporate Management

Rene Du	Head Relations	Profile
Peter Cirino	Chief Officer	Profile
Andrew Winterton	General Officer	Profile
Phil Zhou	Chief Officer	Profile
Jing Zhou	Chief Officer	Profile

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