Lucid Correlations

LCID Stock

USD 10.90 0.21 1.89%

The current 90-days correlation between Lucid Group and Group 1 Automotive is 0.3 (i.e., Weak diversification). The correlation of Lucid 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.

Lucid Correlation With Market

Very weak diversification

The correlation between Lucid Group and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lucid Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lucid Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucid Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Lucid Stock

0.98	LI	Li Auto	Pair Corr
0.87	ZK	ZEEKR Intelligent	Pair Corr
0.8	ECDA	ECD Automotive Design	Pair Corr
0.92	300643	Hamaton Automotive	Pair Corr
0.93	000550	Jiangling Motors Corp	Pair Corr
0.89	601633	Great Wall Motor	Pair Corr
0.97	EMPD	Empery Digital Symbol Change	Pair Corr
0.85	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.65	HMC	Honda Motor	Pair Corr
0.79	LOT	Lotus Technology American	Pair Corr
0.9	NIO	Nio Class A Buyout Trend	Pair Corr
0.85	601777	Lifan Industry Group	Pair Corr
0.87	200550	Jiangling Motors Corp	Pair Corr
0.69	ECDAW	ECD Automotive Design	Pair Corr
0.95	603529	AIMA Technology Group	Pair Corr
0.82	VFSWW	VinFast Auto	Pair Corr
0.8	603178	Ningbo Shenglong Aut	Pair Corr
0.94	PSNY	Polestar Automotive Trending	Pair Corr

Moving against Lucid Stock

0.87	GM	General Motors Sell-off Trend	Pair Corr
0.78	F	Ford Motor	Pair Corr
0.56	TM	Toyota Motor	Pair Corr
0.48	VFS	VinFast Auto	Pair Corr
0.4	WGO	Winnebago Industries	Pair Corr
0.31	600166	Beiqi Foton Motor	Pair Corr
0.84	0NXX	Mercedes Benz Group	Pair Corr
0.79	000572	Haima Automobile	Pair Corr
0.73	0P6N	Volkswagen AG	Pair Corr
0.7	601238	Guangzhou Automobile	Pair Corr
0.68	RIVN	Rivian Automotive	Pair Corr
0.53	STLA	Stellantis NV	Pair Corr
0.47	000980	Zotye Automobile	Pair Corr

Related Correlations Analysis

	GPI	GNTX	BBWI	ABG	VFS	REYN	SEE	VFC	LEA	THO
GPI		0.87	0.59	0.83	-0.5	-0.43	-0.47	0.04	-0.42	0.41	GPI
GNTX	0.87		0.76	0.69	-0.47	-0.38	-0.68	-0.15	-0.51	0.28	GNTX
BBWI	0.59	0.76		0.49	-0.33	-0.36	-0.91	-0.52	-0.6	0.25	BBWI
ABG	0.83	0.69	0.49		-0.44	-0.24	-0.38	0.19	-0.06	0.54	ABG
VFS	-0.5	-0.47	-0.33	-0.44		0.14	0.44	0.07	0.41	-0.43	VFS
REYN	-0.43	-0.38	-0.36	-0.24	0.14		0.3	-0.03	0.21	-0.2	REYN
SEE	-0.47	-0.68	-0.91	-0.38	0.44	0.3		0.6	0.62	-0.23	SEE
VFC	0.04	-0.15	-0.52	0.19	0.07	-0.03	0.6		0.66	0.25	VFC
LEA	-0.42	-0.51	-0.6	-0.06	0.41	0.21	0.62	0.66		0.11	LEA
THO	0.41	0.28	0.25	0.54	-0.43	-0.2	-0.23	0.25	0.11		THO
	GPI	GNTX	BBWI	ABG	VFS	REYN	SEE	VFC	LEA	THO

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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

GNTX	+ 0.87	GPI
ABG	+ 0.83	GPI
BBWI	+ 0.76	GNTX
ABG	+ 0.69	GNTX
LEA	+ 0.66	VFC
LEA	+ 0.62	SEE

High negative correlations

SEE	- 0.91	BBWI
SEE	- 0.68	GNTX
LEA	- 0.6	BBWI
VFC	- 0.52	BBWI
LEA	- 0.51	GNTX
VFS	- 0.5	GPI

Risk-Adjusted Indicators

There is a big difference between Lucid Stock performing well and Lucid 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 Lucid'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
GPI	1.33	(0.17)	0.00	(0.14)	0.00	0.00	2.79	(3.08)	10.14
GNTX	1.07	(0.32)	0.00	(0.43)	0.00	0.00	2.06	(2.29)	12.13
BBWI	2.40	(0.37)	0.00	(0.16)	0.00	0.00	4.35	(4.20)	28.56
ABG	1.42	(0.07)	(0.02)	0.02	1.74	(1.50)	2.87	(3.10)	8.25
VFS	1.70	0.09	0.02	0.24	2.38	(1.70)	3.35	(3.83)	15.20
REYN	0.96	(0.01)	(0.03)	0.06	1.33	(0.95)	2.36	(1.70)	9.71
SEE	1.36	0.39	0.21	(0.76)	1.02	(1.63)	2.49	(2.30)	19.98
VFC	2.50	0.15	0.08	0.14	3.01	(2.74)	5.85	(4.50)	18.07
LEA	1.29	0.15	0.10	0.19	1.40	(1.39)	3.30	(2.18)	7.31
THO	1.62	(0.06)	(0.03)	0.00	2.43	(1.63)	3.44	(2.93)	14.53

Lucid Corporate Management

Gagan Dhingra	Principal Accounting	Profile
Emad Dlala	Senior Powertrain	Profile
Peter Rawlinson	CTO CEO	Profile
Gale Halsey	Senior People	Profile
Brian Tomkiel	General Secretary	Profile
Eric Bach	Senior Engineer	Profile
Zak Edson	Vice Service	Profile

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