Ford Correlations
| F Stock | USD 11.46 0.02 0.17% |
The current 90-days correlation between Ford Motor and Tesla Inc is 0.28 (i.e., Modest diversification). The correlation of Ford 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.
Ford Correlation With Market
Very weak diversification
The correlation between Ford Motor and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Ford Stock
| 0.83 | VC | Visteon Corp | PairCorr |
| 0.85 | ALV | Autoliv | PairCorr |
| 0.7 | BWA | BorgWarner | PairCorr |
| 0.66 | FOXF | Fox Factory Holding | PairCorr |
| 0.9 | LEA | Lear | PairCorr |
| 0.88 | MGA | Magna International | PairCorr |
| 0.79 | INVZ | Innoviz Technologies | PairCorr |
| 0.87 | ADNT | Adient PLC | PairCorr |
| 0.66 | APTV | Aptiv PLC | PairCorr |
| 0.77 | BC | Brunswick | PairCorr |
| 0.68 | BH | Biglari Holdings | PairCorr |
| 0.77 | DKNG | DraftKings Aggressive Push | PairCorr |
| 0.64 | DOOO | BRP Inc | PairCorr |
Moving against Ford Stock
| 0.59 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.46 | NWTN | NWTN Class B | PairCorr |
| 0.35 | LI | Li Auto | PairCorr |
| 0.35 | TSLA | Tesla Inc | PairCorr |
| 0.78 | DUOL | Duolingo Upward Rally | PairCorr |
| 0.48 | PC | Premium Catering Upward Rally | PairCorr |
| 0.47 | WING | Wingstop | PairCorr |
| 0.35 | EWCZ | European Wax Center | PairCorr |
Related Correlations Analysis
| 0.1 | 0.45 | 0.39 | -0.37 | 0.46 | 0.59 | RIVN | ||
| 0.1 | 0.21 | 0.64 | 0.41 | 0.4 | -0.24 | TM | ||
| 0.45 | 0.21 | 0.15 | 0.49 | 0.27 | 0.45 | LCID | ||
| 0.39 | 0.64 | 0.15 | 0.12 | 0.52 | -0.01 | XPEV | ||
| -0.37 | 0.41 | 0.49 | 0.12 | 0.01 | -0.2 | NIO | ||
| 0.46 | 0.4 | 0.27 | 0.52 | 0.01 | 0.07 | TSLA | ||
| 0.59 | -0.24 | 0.45 | -0.01 | -0.2 | 0.07 | LI | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ford Stock performing well and Ford 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 Ford'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RIVN | 2.09 | (0.35) | 0.00 | (0.23) | 0.00 | 3.69 | 11.43 | |||
| TM | 1.37 | (0.03) | 0.00 | 0.07 | 1.36 | 2.56 | 15.71 | |||
| LCID | 3.61 | (0.10) | 0.00 | 0.28 | 0.00 | 9.00 | 45.75 | |||
| XPEV | 2.36 | 0.00 | 0.00 | 0.09 | 0.00 | 4.49 | 20.87 | |||
| NIO | 2.79 | 0.33 | 0.07 | (1.11) | 2.78 | 7.06 | 19.80 | |||
| TSLA | 2.45 | (0.15) | (0.03) | 0.00 | 3.78 | 4.97 | 21.20 | |||
| LI | 2.03 | (0.32) | 0.00 | (0.29) | 0.00 | 3.79 | 14.16 |