Microvast Holdings Correlations

MVST Stock

USD 4.63 0.58 14.32%

The current 90-days correlation between Microvast Holdings and Enovix Corp is -0.04 (i.e., Good diversification). The correlation of Microvast 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.

Microvast Holdings Correlation With Market

Good diversification

The correlation between Microvast Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microvast Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microvast Stock

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

For more information on how to buy Microvast Stock please use our How to Invest in Microvast Holdings guide.

Moving together with Microvast Stock

0.63	BBU	Brookfield Business	Pair Corr
0.73	FIP	FTAI Infrastructure	Pair Corr
0.73	HON	Honeywell International	Pair Corr
0.61	MLR	Miller Industries	Pair Corr
0.89	NXT	Nextracker Class A	Pair Corr
0.77	WAB	Westinghouse Air Brake	Pair Corr
0.67	ZEO	Zeo Energy Corp	Pair Corr
0.71	GTEC	Greenland Acquisition	Pair Corr
0.73	FBYDW	Falcons Beyond Global,	Pair Corr
0.94	MVSTW	Microvast Holdings	Pair Corr
0.88	PLOW	Douglas Dynamics	Pair Corr
0.84	RAIL	Freightcar America	Pair Corr
0.61	ALSN	Allison Transmission	Pair Corr
0.78	ARRY	Array Technologies	Pair Corr
0.78	SHLS	Shoals Technologies	Pair Corr
0.9	SLDP	Solid Power	Pair Corr

Moving against Microvast Stock

0.81	FBYD	Falcons Beyond Global,	Pair Corr
0.53	WPRT	Westport Fuel Systems	Pair Corr
0.46	PN	Skycorp Solar Group	Pair Corr
0.45	FSTR	LB Foster	Pair Corr
0.41	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.83	VIRC	Virco Manufacturing	Pair Corr
0.61	SUNE	SUNation Energy Symbol Change	Pair Corr
0.58	NWPX	Northwest Pipe	Pair Corr
0.36	BEEM	Beam Global	Pair Corr

Related Correlations Analysis

	FREY	BE	ENVX	PLUG	FCEL	SLDP	CBAT	EOSE	DFLI
FREY		0.23	-0.22	0.67	-0.18	-0.7	-0.5	-0.41	0.85	FREY
BE	0.23		0.8	0.76	0.71	0.26	0.48	-0.27	0.48	BE
ENVX	-0.22	0.8		0.37	0.77	0.65	0.75	-0.01	0.03	ENVX
PLUG	0.67	0.76	0.37		0.48	-0.17	0.08	-0.63	0.76	PLUG
FCEL	-0.18	0.71	0.77	0.48		0.64	0.78	-0.32	-0.06	FCEL
SLDP	-0.7	0.26	0.65	-0.17	0.64		0.89	0.13	-0.63	SLDP
CBAT	-0.5	0.48	0.75	0.08	0.78	0.89		-0.04	-0.41	CBAT
EOSE	-0.41	-0.27	-0.01	-0.63	-0.32	0.13	-0.04		-0.38	EOSE
DFLI	0.85	0.48	0.03	0.76	-0.06	-0.63	-0.41	-0.38		DFLI
	FREY	BE	ENVX	PLUG	FCEL	SLDP	CBAT	EOSE	DFLI

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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

CBAT	+ 0.89	SLDP
DFLI	+ 0.85	FREY
ENVX	+ 0.8	BE
CBAT	+ 0.78	FCEL
FCEL	+ 0.77	ENVX
PLUG	+ 0.76	BE

High negative correlations

SLDP	- 0.7	FREY
DFLI	- 0.63	SLDP
EOSE	- 0.63	PLUG
CBAT	- 0.5	FREY
DFLI	- 0.41	CBAT
EOSE	- 0.41	FREY

Risk-Adjusted Indicators

There is a big difference between Microvast Stock performing well and Microvast 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 Microvast 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
FREY	4.14	(0.40)	0.00	(2.99)	0.00	0.00	9.63	(7.95)	21.58
BE	3.42	(0.16)	0.00	(0.08)	0.00	0.00	6.50	(7.55)	22.20
ENVX	4.02	0.22	0.05	0.12	5.09	(4.20)	7.44	(8.36)	32.77
PLUG	5.62	(0.40)	0.00	(0.23)	0.00	0.00	11.49	(10.40)	37.32
FCEL	5.04	0.13	0.03	0.15	5.21	(6.83)	15.46	(8.99)	34.46
SLDP	3.83	1.00	0.25	8.14	3.10	(4.93)	10.78	(5.80)	21.66
CBAT	3.17	0.48	0.10	9.18	3.81	(3.67)	6.67	(6.90)	19.57
EOSE	5.07	0.33	0.06	0.28	5.70	(6.58)	14.89	(7.68)	57.17
DFLI	5.38	(2.40)	0.00	(3.90)	0.00	0.00	8.00	(12.07)	40.56

Microvast Holdings Corporate Management

Sarah Alexander	Corp Counsel	Profile
Isida Tushe	General Secretary	Profile
Gao Lu	Executive Officer	Profile
Shane Smith	Chief Officer	Profile
Carl Schultz	Chief Officer	Profile
Shengxian Wu	Chief Officer	Profile

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