EZGO Technologies Correlations

EZGO Stock

USD 0.94 0.01 1.05%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EZGO Technologies Correlation With Market

Very good diversification

The correlation between EZGO Technologies and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EZGO Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.

Moving together with EZGO Stock

0.75	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.62	CCS	Century Communities	Pair Corr
0.73	CRI	Carters	Pair Corr
0.71	DHI	DR Horton	Pair Corr
0.66	SKX	Skechers USA	Pair Corr
0.61	GOOS	Canada Goose Holdings	Pair Corr
0.7	JXJT	JX Luxventure Limited	Pair Corr
0.68	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr

Moving against EZGO Stock

0.83	KTB	Kontoor Brands	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.74	DOGZ	Dogness International Upward Rally	Pair Corr
0.66	UA	Under Armour C	Pair Corr
0.65	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.63	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.61	FOSL	Fossil Group	Pair Corr
0.61	REE	Ree Automotive Holding Earnings Call Today	Pair Corr
0.4	BZH	Beazer Homes USA	Pair Corr
0.39	BC	Brunswick	Pair Corr
0.86	LULU	Lululemon Athletica Earnings Call This Week	Pair Corr
0.77	SONO	Sonos Inc	Pair Corr
0.75	CVCO	Cavco Industries	Pair Corr
0.74	WWW	Wolverine World Wide	Pair Corr
0.73	UAA	Under Armour A Aggressive Push	Pair Corr
0.69	BH	Biglari Holdings	Pair Corr
0.64	MYTE	MYT Netherlands Parent	Pair Corr
0.63	ONON	On Holding Sell-off Trend	Pair Corr
0.63	TMHC	Taylor Morn Home	Pair Corr
0.63	HD	Home Depot Sell-off Trend	Pair Corr
0.42	UHG	United Homes Group	Pair Corr
0.36	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	FRZA	VMAR	FUV	MCOM	MPX	THO	DOOO	BC	EVVL	LFEV
FRZA		0.71	-0.48	0.67	-0.28	-0.42	0.44	-0.51	0.0	0.06	FRZA
VMAR	0.71		-0.33	0.95	-0.53	-0.44	0.8	-0.56	0.0	-0.06	VMAR
FUV	-0.48	-0.33		-0.23	0.01	0.07	0.0	0.28	0.0	0.09	FUV
MCOM	0.67	0.95	-0.23		-0.53	-0.49	0.9	-0.49	0.0	0.11	MCOM
MPX	-0.28	-0.53	0.01	-0.53		0.78	-0.5	0.73	0.0	0.0	MPX
THO	-0.42	-0.44	0.07	-0.49	0.78		-0.38	0.73	0.0	-0.31	THO
DOOO	0.44	0.8	0.0	0.9	-0.5	-0.38		-0.26	0.0	0.11	DOOO
BC	-0.51	-0.56	0.28	-0.49	0.73	0.73	-0.26		0.0	0.1	BC
EVVL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	EVVL
LFEV	0.06	-0.06	0.09	0.11	0.0	-0.31	0.11	0.1	0.0		LFEV
	FRZA	VMAR	FUV	MCOM	MPX	THO	DOOO	BC	EVVL	LFEV

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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

MCOM	+ 0.95	VMAR
DOOO	+ 0.9	MCOM
DOOO	+ 0.8	VMAR
THO	+ 0.78	MPX
BC	+ 0.73	MPX
BC	+ 0.73	THO

High negative correlations

BC	- 0.56	VMAR
MPX	- 0.53	MCOM
MPX	- 0.53	VMAR
BC	- 0.51	FRZA
DOOO	- 0.5	MPX
BC	- 0.49	MCOM

Risk-Adjusted Indicators

There is a big difference between EZGO Stock performing well and EZGO Technologies 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 EZGO Technologies' 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
FRZA	5.51	(0.07)	0.00	0.14	0.00	0.00	13.64	(12.50)	41.67
VMAR	6.45	(3.29)	0.00	(3.35)	0.00	0.00	11.45	(13.91)	59.45
FUV	2.70	0.17	0.00	(0.29)	2.92	(3.44)	7.14	(4.00)	18.45
MCOM	5.77	(4.15)	0.00	(10.65)	0.00	0.00	10.00	(14.29)	39.61
MPX	1.17	(0.07)	(0.03)	0.06	1.37	(1.33)	2.89	(2.16)	7.94
THO	1.69	(0.11)	(0.03)	0.04	1.94	(1.87)	4.29	(2.77)	10.61
DOOO	1.71	(0.65)	0.00	(0.65)	0.00	0.00	2.15	(4.79)	12.05
BC	1.58	(0.17)	(0.05)	0.01	1.94	(1.67)	3.84	(2.97)	11.27
EVVL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LFEV	6.95	1.02	0.03	(2.26)	8.95	(33.75)	40.00	(26.47)	80.36

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