Microvast Holdings Correlations
| MVST Stock | USD 3.56 0.25 7.55% |
The current 90-days correlation between Microvast Holdings and Solid Power is 0.31 (i.e., Weak 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
Significant diversification
The correlation between Microvast Holdings and DJI is 0.07 (i.e., Significant 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.
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Moving together with Microvast Stock
| 0.81 | BBU | Brookfield Business Earnings Call Next Week | PairCorr |
| 0.65 | HON | Honeywell International | PairCorr |
| 0.82 | NXT | Nextracker Class A Earnings Call Next Week | PairCorr |
| 0.64 | VMI | Valmont Industries | PairCorr |
| 0.69 | WAB | Westinghouse Air Brake | PairCorr |
| 0.61 | GTEC | Greenland Acquisition | PairCorr |
| 0.96 | MVSTW | Microvast Holdings | PairCorr |
| 0.7 | PLOW | Douglas Dynamics Earnings Call This Week | PairCorr |
| 0.79 | TOYO | TOYO Co, | PairCorr |
| 0.77 | EVRI | Everi Holdings | PairCorr |
| 0.66 | AVY | Avery Dennison Corp | PairCorr |
Moving against Microvast Stock
| 0.41 | ELPW | Elong Power Holding Buyout Trend | PairCorr |
| 0.33 | CNR | Core Natural Resources, Symbol Change | PairCorr |
| 0.74 | FRSX | Foresight Autonomous | PairCorr |
| 0.68 | VIRC | Virco Manufacturing | PairCorr |
| 0.63 | DTC | SOLO BRANDS INC | PairCorr |
| 0.54 | GPK | Graphic Packaging Holding Earnings Call This Week | PairCorr |
| 0.53 | CHA | Chagee Holdings | PairCorr |
| 0.41 | FUN | Six Flags Entertainment | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLDP | 4.80 | 2.03 | 0.41 | 3.62 | 3.37 | 14.72 | 24.24 | |||
| PLUG | 6.67 | 0.85 | 0.19 | 0.51 | 5.63 | 25.35 | 42.72 | |||
| FCEL | 5.29 | 0.46 | 0.13 | 0.41 | 5.16 | 15.46 | 39.41 | |||
| ENVX | 3.71 | 1.06 | 0.31 | 0.81 | 3.08 | 9.56 | 27.90 | |||
| ZEVY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |