Microvast Holdings Correlations

MVSTW Stock

USD 0.19 0.03 18.75%

The current 90-days correlation between Microvast Holdings and Microvast Holdings is 0.69 (i.e., Poor 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

Modest diversification

The correlation between Microvast Holdings and DJI is 0.25 (i.e., Modest 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.

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 estimate.

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

Moving together with Microvast Stock

0.85	VSTE	Vast Renewables	Pair Corr
0.8	EFSH	1847 Holdings LLC	Pair Corr
0.8	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.83	FIP	FTAI Infrastructure	Pair Corr
0.63	GBX	Greenbrier Companies	Pair Corr
0.74	FSTR	LB Foster	Pair Corr
0.8	MLR	Miller Industries	Pair Corr
0.86	MPU	Mega Matrix Corp	Pair Corr
0.86	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.78	SOL	Emeren Group	Pair Corr
0.7	TRN	Trinity Industries	Pair Corr
0.72	ZEO	Zeo Energy Corp	Pair Corr
0.83	HYLN	Hyliion Holdings Corp	Pair Corr
0.9	MVST	Microvast Holdings Aggressive Push	Pair Corr
0.81	SLDPW	Solid Power	Pair Corr
0.78	PITA	Heramba Electric plc	Pair Corr
0.69	RAIL	Freightcar America	Pair Corr
0.78	CRESW	Cresud SACIF y	Pair Corr
0.63	ALSN	Allison Transmission	Pair Corr
0.61	ARRY	Array Technologies	Pair Corr
0.83	SHLS	Shoals Technologies Buyout Trend	Pair Corr
0.88	SLDP	Solid Power	Pair Corr
0.68	SMXT	Solarmax Technology	Pair Corr
0.84	BEEM	Beam Global	Pair Corr

Moving against Microvast Stock

0.4	MMM	3M Company	Pair Corr
0.39	FBYD	Falcons Beyond Global,	Pair Corr
0.61	DRVN	Driven Brands Holdings	Pair Corr
0.54	OI	O I Glass	Pair Corr
0.54	EFOI	Energy Focu	Pair Corr

Related Correlations Analysis

	MVST	EVGOW	PSFE-WT	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
MVST		0.65	0.52	0.61	-0.22	-0.21	-0.6	-0.16	0.0	0.3	MVST
EVGOW	0.65		0.61	0.59	-0.26	-0.02	-0.62	-0.2	0.0	0.53	EVGOW
PSFE-WT	0.52	0.61		0.55	0.09	0.35	-0.69	0.18	0.0	0.74	PSFE-WT
AQUI	0.61	0.59	0.55		-0.21	-0.05	-0.82	-0.07	0.0	0.51	AQUI
MSTSX	-0.22	-0.26	0.09	-0.21		0.78	0.16	0.95	0.0	0.13	MSTSX
LBHIX	-0.21	-0.02	0.35	-0.05	0.78		0.04	0.85	0.0	0.5	LBHIX
VIASP	-0.6	-0.62	-0.69	-0.82	0.16	0.04		0.07	0.0	-0.57	VIASP
RRTLX	-0.16	-0.2	0.18	-0.07	0.95	0.85	0.07		0.0	0.21	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OSHDF
70082LAB3	0.3	0.53	0.74	0.51	0.13	0.5	-0.57	0.21	0.0		70082LAB3
	MVST	EVGOW	PSFE-WT	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.95	MSTSX
RRTLX	+ 0.85	LBHIX
LBHIX	+ 0.78	MSTSX
70082LAB3	+ 0.74	PSFE-WT
EVGOW	+ 0.65	MVST
AQUI	+ 0.61	MVST

High negative correlations

VIASP	- 0.82	AQUI
VIASP	- 0.69	PSFE-WT
VIASP	- 0.62	EVGOW
VIASP	- 0.6	MVST
70082LAB3	- 0.57	VIASP
MSTSX	- 0.26	EVGOW

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
MVST	5.75	(0.28)	0.00	(3.17)	0.00	0.00	10.61	(10.95)	40.99
EVGOW	6.61	(1.15)	0.00	(1.06)	0.00	0.00	14.29	(12.77)	33.11
PSFE-WT	6.04	(0.19)	0.00	(0.31)	0.00	0.00	13.03	(13.31)	47.79
AQUI	1.49	(0.80)	0.00	4.27	0.00	0.00	0.00	0.00	50.00
MSTSX	0.72	(0.09)	0.00	(0.84)	0.00	0.00	1.31	(1.47)	4.68
LBHIX	0.19	(0.01)	0.00	(0.27)	0.00	0.00	0.24	(0.48)	1.68
VIASP	0.58	0.08	0.23	0.08	0.85	(0.58)	1.09	(1.17)	4.84
RRTLX	0.37	(0.05)	0.00	(0.96)	0.00	0.00	0.57	(0.83)	3.24
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.21	0.05	0.00	(0.09)	0.00	0.00	2.46	(2.17)	19.18

Microvast Holdings Corporate Management

Yanzhuan Zheng	CFO Director	Profile
Isida Tushe	General Secretary	Profile
Sascha Kelterborn	Chief Officer	Profile
Wenjuan Mattis	Chief Officer	Profile
Gao Lu	Executive Officer	Profile
Shane Smith	Chief Officer	Profile

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