Ford Correlations

F Stock

USD 11.10 0.30 2.63%

The current 90-days correlation between Ford Motor and Tesla Inc is 0.28 (i.e., Modest diversification). The correlation of Ford 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.

Ford Correlation With Market

Very weak diversification

The correlation between Ford Motor and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor 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 Ford Motor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Ford Stock

0.67	ALV	Autoliv	Pair Corr
0.74	AXL	American Axle Manufa	Pair Corr
0.75	MGA	Magna International	Pair Corr

Moving against Ford Stock

0.56	NIO	Nio Class A	Pair Corr
0.42	XOSWW	Xos Equity Warrants	Pair Corr
0.39	KNDI	Kandi Technologies	Pair Corr
0.31	LCID	Lucid Group Aggressive Push	Pair Corr
0.47	YJ	Yunji Inc	Pair Corr
0.39	BBY	Best Buy	Pair Corr
0.32	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr

Related Correlations Analysis

	RIVN	TM	LCID	XPEV	NIO	TSLA	LI
RIVN		0.58	0.75	-0.81	-0.35	-0.45	-0.75	RIVN
TM	0.58		0.62	-0.44	-0.12	-0.28	-0.32	TM
LCID	0.75	0.62		-0.68	0.17	-0.74	-0.34	LCID
XPEV	-0.81	-0.44	-0.68		0.41	0.66	0.68	XPEV
NIO	-0.35	-0.12	0.17	0.41		-0.17	0.67	NIO
TSLA	-0.45	-0.28	-0.74	0.66	-0.17		0.09	TSLA
LI	-0.75	-0.32	-0.34	0.68	0.67	0.09		LI
	RIVN	TM	LCID	XPEV	NIO	TSLA	LI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LCID	+ 0.75	RIVN
LI	+ 0.68	XPEV
LI	+ 0.67	NIO
TSLA	+ 0.66	XPEV
LCID	+ 0.62	TM
TM	+ 0.58	RIVN

High negative correlations

XPEV	- 0.81	RIVN
LI	- 0.75	RIVN
TSLA	- 0.74	LCID
XPEV	- 0.68	LCID
TSLA	- 0.45	RIVN
XPEV	- 0.44	TM

Risk-Adjusted Indicators

There is a big difference between Ford Stock performing well and Ford 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 Ford's 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
RIVN	2.93	(0.37)	0.00	(0.23)	0.00	0.00	5.29	(6.95)	28.00
TM	1.16	(0.14)	0.00	(0.12)	0.00	0.00	2.69	(3.07)	7.42
LCID	2.91	(1.08)	0.00	(1.08)	0.00	0.00	4.23	(5.96)	30.74
XPEV	4.24	0.68	0.13	1.09	4.87	(4.55)	9.00	(7.51)	26.26
NIO	3.92	0.15	0.02	0.36	4.73	(3.93)	10.96	(7.50)	23.87
TSLA	3.12	0.53	0.21	0.36	2.68	(3.83)	8.19	(5.77)	28.06
LI	3.46	0.11	0.01	0.30	4.88	(3.56)	10.62	(7.65)	25.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC