ECARX Holdings Correlations
| ECXWW Stock | 0.07 0.01 12.74% |
The current 90-days correlation between ECARX Holdings Warrants and ECARX Holdings Class is 0.35 (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
Significant diversification
The correlation between ECARX Holdings Warrants and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECARX Holdings Warrants and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ECARX Stock
| 0.61 | DORM | Dorman Products Earnings Call Tomorrow | PairCorr |
| 0.81 | ECX | ECARX Holdings Class | PairCorr |
| 0.62 | LEA | Lear Earnings Call This Week | PairCorr |
| 0.79 | SRI | Stoneridge | PairCorr |
| 0.65 | KNDI | Kandi Technologies | PairCorr |
Moving against ECARX Stock
| 0.34 | SES | SES AI Corp | PairCorr |
| 0.6 | AEVA | Aeva Technologies, Common Earnings Call Tomorrow | PairCorr |
| 0.32 | AEVAW | Aeva Technologies, | PairCorr |
Related Correlations Analysis
| 0.21 | 0.83 | 0.66 | 0.79 | ECX | ||
| 0.21 | 0.07 | 0.15 | 0.13 | BAERW | ||
| 0.83 | 0.07 | 0.51 | 0.65 | NAMSW | ||
| 0.66 | 0.15 | 0.51 | 0.55 | GRRRW | ||
| 0.79 | 0.13 | 0.65 | 0.55 | REVBW | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ECX | 6.74 | 0.26 | 0.04 | (1.21) | 9.40 | 13.68 | 64.15 | |||
| BAERW | 7.69 | (0.52) | 0.00 | (0.41) | 0.00 | 19.33 | 52.95 | |||
| NAMSW | 4.41 | 0.01 | 0.00 | (0.10) | 0.00 | 13.93 | 42.62 | |||
| GRRRW | 11.59 | 1.13 | 0.10 | (1.22) | 12.03 | 25.00 | 59.68 | |||
| REVBW | 5.80 | (0.02) | 0.00 | (0.15) | 0.00 | 14.91 | 58.99 |
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 |