ECARX Holdings Correlations
| ECXWW Stock | 0.03 0.01 26.00% |
The correlation of ECARX 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ECARX Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECARX Holdings Warrants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between ECARX Holdings Warrants and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECARX Holdings Warrants and NYA in the same portfolio, assuming nothing else is changed.
ECARX |
The ability to find closely correlated positions to ECARX Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECARX Holdings 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 ECARX Holdings - 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 ECARX Holdings Warrants to buy it.
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 ECARX Stock performing well and ECARX 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 ECARX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DORM | 1.37 | 0.19 | 0.08 | 0.90 | 1.44 | 2.20 | 19.83 | |||
| MNRO | 1.62 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20 | 10.13 | |||
| SMP | 1.44 | (0.29) | 0.00 | 4.29 | 0.00 | 2.57 | 17.75 | |||
| SRI | 1.87 | (0.17) | 0.00 | 0.77 | 0.00 | 3.72 | 12.17 | |||
| CPS | 3.12 | (0.18) | 0.00 | (0.23) | 0.00 | 6.32 | 34.07 | |||
| AXL | 1.87 | (0.07) | 0.00 | 2.56 | 0.00 | 3.82 | 11.67 | |||
| LEA | 1.16 | (0.05) | 0.00 | 5.50 | 0.00 | 2.10 | 10.53 | |||
| CVGI | 1.74 | (0.09) | 0.00 | 0.23 | 0.00 | 3.74 | 12.78 | |||
| ADNT | 1.89 | (0.27) | 0.00 | 1.01 | 0.00 | 2.96 | 13.25 | |||
| GNTX | 0.68 | (0.01) | (0.05) | 0.05 | 1.01 | 1.20 | 4.11 |
ECARX Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ECARX Holdings stock to make a market-neutral strategy. Peer analysis of ECARX Holdings could also be used in its relative valuation, which is a method of valuing ECARX Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ECARX Holdings Corporate Management
Elected by the shareholders, the ECARX Holdings' board of directors comprises two types of representatives: ECARX Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ECARX. The board's role is to monitor ECARX Holdings' management team and ensure that shareholders' interests are well served. ECARX Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ECARX Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Cirino | Chief Officer | Profile | |
| Andrew Winterton | General Officer | Profile | |
| Phil Zhou | Chief Officer | Profile | |
| Jing Zhou | Chief Officer | Profile |
Already Invested in ECARX Holdings Warrants?
The danger of trading ECARX Holdings Warrants is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ECARX Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ECARX Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ECARX Holdings Warrants is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ECARX Holdings Warrants is a strong investment it is important to analyze ECARX Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ECARX Holdings' future performance. For an informed investment choice regarding ECARX Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for ECARX Stock analysis
When running ECARX Holdings' price analysis, check to measure ECARX Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ECARX Holdings is operating at the current time. Most of ECARX Holdings' value examination focuses on studying past and present price action to predict the probability of ECARX Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECARX Holdings' price. Additionally, you may evaluate how the addition of ECARX Holdings to your portfolios can decrease your overall portfolio volatility.
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Is ECARX Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ECARX Holdings. If investors know ECARX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ECARX Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 13.829 | Quarterly Revenue Growth 0.223 | Return On Assets (0.13) |
The market value of ECARX Holdings Warrants is measured differently than its book value, which is the value of ECARX that is recorded on the company's balance sheet. Investors also form their own opinion of ECARX Holdings' value that differs from its market value or its book value, called intrinsic value, which is ECARX Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ECARX Holdings' market value can be influenced by many factors that don't directly affect ECARX Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ECARX Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if ECARX Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ECARX Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.