Xos Correlations

XOS Stock

USD 4.17 0.21 4.79%

The current 90-days correlation between Xos Inc and Lion Electric Corp is 0.11 (i.e., Average diversification). The correlation of Xos 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.

Xos Correlation With Market

Average diversification

The correlation between Xos Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xos Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Xos Stock

0.68

NKLA

Nikola Corp

Pair Corr

Moving against Xos Stock

0.65	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.5	DE	Deere Company	Pair Corr
0.48	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.45	MNTX	Manitex International	Pair Corr
0.44	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.39	GENC	Gencor Industries	Pair Corr
0.33	ALG	Alamo Group	Pair Corr
0.33	LNN	Lindsay	Pair Corr
0.54	BE	Bloom Energy Corp	Pair Corr
0.49	CR	Crane Company	Pair Corr
0.48	AZ	A2Z Smart Technologies	Pair Corr
0.44	R	Ryder System	Pair Corr
0.41	B	Barnes Group	Pair Corr
0.41	CW	Curtiss Wright	Pair Corr
0.39	CMCO	Columbus McKinnon	Pair Corr
0.34	AGCO	AGCO	Pair Corr
0.34	AL	Air Lease	Pair Corr
0.32	J	Jacobs Solutions	Pair Corr
0.31	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	LEV	IDEX	NKLA	WNC	ZEV	HYFM	AUSTF	GRSO	BIIAF	FIRRF
LEV		0.33	0.88	-0.27	0.26	-0.03	0.61	0.0	0.0	0.0	LEV
IDEX	0.33		0.16	-0.32	-0.14	0.14	0.27	0.0	0.0	0.0	IDEX
NKLA	0.88	0.16		-0.09	0.55	-0.18	0.68	0.0	0.0	0.0	NKLA
WNC	-0.27	-0.32	-0.09		0.45	-0.14	0.13	0.0	0.0	0.0	WNC
ZEV	0.26	-0.14	0.55	0.45		-0.39	0.44	0.0	0.0	0.0	ZEV
HYFM	-0.03	0.14	-0.18	-0.14	-0.39		0.03	0.0	0.0	0.0	HYFM
AUSTF	0.61	0.27	0.68	0.13	0.44	0.03		0.0	0.0	0.0	AUSTF
GRSO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GRSO
BIIAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	BIIAF
FIRRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		FIRRF
	LEV	IDEX	NKLA	WNC	ZEV	HYFM	AUSTF	GRSO	BIIAF	FIRRF

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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

NKLA	+ 0.88	LEV
AUSTF	+ 0.68	NKLA
AUSTF	+ 0.61	LEV
ZEV	+ 0.55	NKLA
ZEV	+ 0.45	WNC
AUSTF	+ 0.44	ZEV

High negative correlations

FIRRF	- 1.0	BIIAF
HYFM	- 0.39	ZEV
WNC	- 0.32	IDEX
WNC	- 0.27	LEV
HYFM	- 0.18	NKLA
HYFM	- 0.14	WNC

Risk-Adjusted Indicators

There is a big difference between Xos Stock performing well and Xos 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 Xos' 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
LEV	4.89	(1.74)	0.00	(1.15)	0.00	0.00	12.50	(14.71)	41.71
IDEX	4.16	(0.44)	0.00	(0.13)	0.00	0.00	11.32	(9.09)	25.90
NKLA	4.55	(2.01)	0.00	(0.76)	0.00	0.00	6.76	(12.50)	42.89
WNC	1.55	(0.14)	(0.04)	0.03	1.78	(1.66)	3.00	(2.92)	9.47
ZEV	5.84	(0.55)	0.00	(0.35)	0.00	0.00	12.37	(12.78)	52.79
HYFM	3.50	0.90	0.19	(2.13)	2.99	(5.00)	14.06	(4.35)	27.94
AUSTF	1.24	(0.21)	0.00	(0.65)	0.00	0.00	0.00	0.00	68.68
GRSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIIAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIRRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Xos Corporate Management

Liana Pogosyan	Acting Finance	Profile
Steve Ivsan	Head Management	Profile
Kingsley Afemikhe	Chief Officer	Profile
Henry Kwon	Head Relations	Profile
Mathew Freiheit	Chief Engineer	Profile
Giordano Sordoni	COO CoFounder	Profile
Christen Romero	General Secretary	Profile

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