Life Electric Correlations

LFEV Stock

USD 0.25 0.09 26.47%

The current 90-days correlation between Life Electric Vehicles and Volkswagen AG 110 is 0.23 (i.e., Modest diversification). The correlation of Life Electric 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.

Life Electric Correlation With Market

Very good diversification

The correlation between Life Electric Vehicles and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Electric Vehicles and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Life Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Life Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Life Electric Vehicles to buy it.

Moving against Life Pink Sheet

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0.43	BYDDF	BYD Limited	Pair Corr
0.42	TKURF	Tokyu REIT	Pair Corr
0.41	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.34	FINN	First National	Pair Corr
0.41	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr
0.36	PX	P10 Inc	Pair Corr
0.36	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.34	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.33	WMT	Walmart Aggressive Push	Pair Corr
0.33	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.33	T	ATT Inc Aggressive Push	Pair Corr
0.32	HD	Home Depot	Pair Corr
0.32	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.31	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.31	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	VWAGY	BMWYY	VLKAF	MBGYY	VWAPY	MBGAF	STLA	VLKPF	TM	HMC
VWAGY		0.95	0.97	0.95	0.99	0.95	0.73	0.9	0.66	0.89	VWAGY
BMWYY	0.95		0.91	0.98	0.95	0.98	0.68	0.89	0.64	0.82	BMWYY
VLKAF	0.97	0.91		0.91	0.95	0.91	0.72	0.87	0.65	0.9	VLKAF
MBGYY	0.95	0.98	0.91		0.95	1.0	0.73	0.9	0.61	0.82	MBGYY
VWAPY	0.99	0.95	0.95	0.95		0.95	0.68	0.92	0.62	0.92	VWAPY
MBGAF	0.95	0.98	0.91	1.0	0.95		0.73	0.9	0.62	0.82	MBGAF
STLA	0.73	0.68	0.72	0.73	0.68	0.73		0.57	0.81	0.55	STLA
VLKPF	0.9	0.89	0.87	0.9	0.92	0.9	0.57		0.49	0.83	VLKPF
TM	0.66	0.64	0.65	0.61	0.62	0.62	0.81	0.49		0.58	TM
HMC	0.89	0.82	0.9	0.82	0.92	0.82	0.55	0.83	0.58		HMC
	VWAGY	BMWYY	VLKAF	MBGYY	VWAPY	MBGAF	STLA	VLKPF	TM	HMC

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Risk-Adjusted Indicators

There is a big difference between Life Pink Sheet performing well and Life Electric 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 Life Electric'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VWAGY	1.45	(0.31)	0.79	2.70	(3.52)	8.96
BMWYY	1.50	(0.30)	0.94	2.86	(3.75)	12.90
VLKAF	1.65	(0.32)	1.02	2.70	(4.06)	10.79
MBGYY	1.35	(0.25)	0.83	2.08	(3.53)	12.33
VWAPY	1.23	(0.26)	0.74	2.73	(3.08)	8.76
MBGAF	1.30	(0.25)	0.89	1.72	(3.11)	11.65
STLA	1.73	(0.42)	(0.38)	2.69	(4.04)	15.58
VLKPF	2.24	(0.32)	1.00	4.17	(5.21)	13.45
TM	1.21	(0.12)	(0.11)	2.69	(3.07)	7.42
HMC	1.30	(0.28)	2.64	2.55	(3.39)	10.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Life Electric without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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