LOBO EV Correlations

LOBO Stock

2.22 0.14 5.93%

The current 90-days correlation between LOBO EV TECHNOLOGIES and Biglari Holdings is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LOBO EV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LOBO EV TECHNOLOGIES moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LOBO EV Correlation With Market

Good diversification

The correlation between LOBO EV TECHNOLOGIES and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOBO EV TECHNOLOGIES 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 LOBO EV 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 bureau of labor statistics.

Moving against LOBO Stock

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0.44	VFSWW	VinFast Auto	Pair Corr
0.4	TM	Toyota Motor	Pair Corr
0.36	LCID	Lucid Group Aggressive Push	Pair Corr
0.62	GV	Visionary Education	Pair Corr
0.53	TH	Target Hospitality Corp	Pair Corr
0.51	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.51	STLA	Stellantis NV	Pair Corr
0.41	AYRO	AYRO Inc	Pair Corr
0.38	EDTK	Skillful Craftsman	Pair Corr
0.34	WING	Wingstop	Pair Corr

Related Correlations Analysis

	BH	SHAK	FHBC	SBFFY	DPZ	RICK	FIZZ	WEN
BH		0.62	0.0	0.69	0.68	0.83	0.68	0.05	BH
SHAK	0.62		0.0	0.72	0.77	0.75	0.81	0.62	SHAK
FHBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FHBC
SBFFY	0.69	0.72	0.0		0.67	0.67	0.69	0.38	SBFFY
DPZ	0.68	0.77	0.0	0.67		0.75	0.83	0.35	DPZ
RICK	0.83	0.75	0.0	0.67	0.75		0.84	0.17	RICK
FIZZ	0.68	0.81	0.0	0.69	0.83	0.84		0.34	FIZZ
WEN	0.05	0.62	0.0	0.38	0.35	0.17	0.34		WEN
	BH	SHAK	FHBC	SBFFY	DPZ	RICK	FIZZ	WEN

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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

FIZZ	+ 0.84	RICK
RICK	+ 0.83	BH
FIZZ	+ 0.83	DPZ
FIZZ	+ 0.81	SHAK
DPZ	+ 0.77	SHAK
RICK	+ 0.75	SHAK

High negative correlations

WEN	- 0.0	FHBC
FIZZ	- 0.0	FHBC
RICK	- 0.0	FHBC
DPZ	- 0.0	FHBC
SBFFY	- 0.0	FHBC
FHBC	- 0.0	SHAK

Risk-Adjusted Indicators

There is a big difference between LOBO Stock performing well and LOBO EV 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 LOBO EV'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
BH	1.47	0.26	0.14	0.69	1.14	(1.91)	4.00	(2.23)	11.00
SHAK	1.77	0.20	0.13	0.28	1.50	(2.27)	5.02	(2.89)	11.94
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFFY	0.38	0.08	0.00	(0.54)	0.00	0.00	0.00	0.00	13.29
DPZ	1.18	0.07	0.06	0.18	1.16	(1.41)	3.26	(2.11)	7.92
RICK	1.65	(0.04)	0.04	0.09	1.48	(2.14)	3.64	(2.80)	10.05
FIZZ	0.95	0.10	0.02	0.37	1.05	(0.99)	2.21	(1.89)	6.35
WEN	1.45	0.05	0.03	0.16	1.79	(1.50)	3.34	(2.45)	10.31

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