Li Auto Correlations

LI Stock

USD 23.23 0.98 4.40%

The current 90-days correlation between Li Auto and Nio Class A is 0.61 (i.e., Poor diversification). The correlation of Li Auto 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.

Li Auto Correlation With Market

Modest diversification

The correlation between Li Auto and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Li Auto and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Li Auto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Li Auto Stock please use our How to Invest in Li Auto guide.

Moving together with Li Auto Stock

0.65	ECX	ECARX Holdings Class	Pair Corr
0.65	NIO	Nio Class A	Pair Corr
0.75	XPEV	Xpeng Inc	Pair Corr

Moving against Li Auto Stock

0.58	VLCN	Volcon Inc	Pair Corr
0.5	EVTV	Envirotech Vehicles	Pair Corr
0.45	FRSX	Foresight Autonomous	Pair Corr
0.34	FLYE	Fly E Group,	Pair Corr
0.47	MOD	Modine Manufacturing	Pair Corr
0.34	LOT	Lotus Technology American	Pair Corr
0.33	SES	SES AI Corp	Pair Corr

Related Correlations Analysis

	NIO	RIVN	LCID	TSLA	XPEV	FSR	MULN	BYDDF	F
NIO		-0.11	-0.11	-0.02	0.4	0.0	-0.03	0.15	0.28	NIO
RIVN	-0.11		0.85	0.79	-0.75	0.0	0.74	-0.52	-0.09	RIVN
LCID	-0.11	0.85		0.79	-0.76	0.0	0.68	-0.5	-0.3	LCID
TSLA	-0.02	0.79	0.79		-0.86	0.0	0.83	-0.81	-0.09	TSLA
XPEV	0.4	-0.75	-0.76	-0.86		0.0	-0.84	0.8	0.29	XPEV
FSR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FSR
MULN	-0.03	0.74	0.68	0.83	-0.84	0.0		-0.84	-0.15	MULN
BYDDF	0.15	-0.52	-0.5	-0.81	0.8	0.0	-0.84		0.18	BYDDF
F	0.28	-0.09	-0.3	-0.09	0.29	0.0	-0.15	0.18		F
	NIO	RIVN	LCID	TSLA	XPEV	FSR	MULN	BYDDF	F

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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

LCID	+ 0.85	RIVN
MULN	+ 0.83	TSLA
BYDDF	+ 0.8	XPEV
TSLA	+ 0.79	RIVN
TSLA	+ 0.79	LCID
MULN	+ 0.74	RIVN

High negative correlations

XPEV	- 0.86	TSLA
BYDDF	- 0.84	MULN
MULN	- 0.84	XPEV
BYDDF	- 0.81	TSLA
XPEV	- 0.76	LCID
XPEV	- 0.75	RIVN

Risk-Adjusted Indicators

There is a big difference between Li Auto Stock performing well and Li Auto 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 Li Auto'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
NIO	3.31	(0.23)	0.00	(0.39)	0.00	0.00	5.42	(7.25)	25.94
RIVN	3.00	(0.25)	0.00	(0.32)	0.00	0.00	6.62	(5.95)	15.29
LCID	3.70	(0.33)	0.00	1.91	0.00	0.00	7.46	(6.84)	27.00
TSLA	3.78	(0.35)	0.00	(0.22)	0.00	0.00	7.59	(7.27)	29.96
XPEV	4.10	0.85	0.19	1.00	4.07	(4.76)	8.29	(7.44)	23.65
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MULN	228.34	103.70	6.06	(2.99)	14.61	(708.49)	15.38	(27.78)	7,661
BYDDF	2.89	0.62	0.16	1.38	3.44	(2.92)	6.03	(6.66)	18.09
F	1.86	0.09	0.03	0.00	2.78	(1.77)	3.02	(3.88)	13.11

Li Auto Corporate Management

Tie Li	CFO Director	Profile
Janet Chang	Director Relations	Profile
Yanan Shen	Pres Director	Profile
Yee Lau	Joint Secretary	Profile
Yang Wang	Joint Secretary	Profile

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