Li-FT Power Correlations

LIFFF Stock

5.18 0.18 3.36%

The current 90-days correlation between Li FT Power and Rivian Automotive is 0.08 (i.e., Significant diversification). The correlation of Li-FT Power 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.

Li-FT Power Correlation With Market

Poor diversification

The correlation between Li FT Power and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Li FT Power and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Li-FT Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Li-FT Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Li-FT Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Li FT Power to buy it.

Moving together with Li-FT Pink Sheet

0.75	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.66	LTSK	Ladenburg Thalmann	Pair Corr
0.84	EDRVF	EDP Renovaveis	Pair Corr
0.7	MLSPF	Melrose Industries PLC Earnings Call Tomorrow	Pair Corr
0.73	BHPLF	BHP Group Limited	Pair Corr
0.67	TKR	Timken Company	Pair Corr
0.7	TSEM	Tower Semiconductor Sell-off Trend	Pair Corr
0.66	ARMK	Aramark Holdings	Pair Corr
0.81	GAM	General American Inv	Pair Corr
0.67	BIRDF	Bird Construction	Pair Corr
0.71	LIN	Linde plc Ordinary	Pair Corr
0.71	SAPMF	Saipem SpA	Pair Corr
0.77	TEXG	Terax Energy	Pair Corr
0.76	NEWTH	NewtekOne 8625 percent	Pair Corr
0.69	BBWI	Bath Body Works Earnings Call This Week	Pair Corr

Moving against Li-FT Pink Sheet

0.66	AAPL	Apple Inc Aggressive Push	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.34	UCIX	Umbra Companies	Pair Corr
0.39	CALA	Calithera Biosciences	Pair Corr

Related Correlations Analysis

	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN
XPEV		-0.21	-0.53	-0.47	-0.53	-0.59	0.42	0.49	0.48	XPEV
LI	-0.21		0.45	0.16	-0.04	0.05	0.44	-0.57	-0.43	LI
PHM	-0.53	0.45		0.65	0.64	0.71	-0.33	-0.69	-0.48	PHM
HMC	-0.47	0.16	0.65		0.6	0.7	-0.44	-0.46	-0.3	HMC
ULTA	-0.53	-0.04	0.64	0.6		0.92	-0.7	-0.56	-0.18	ULTA
WSM	-0.59	0.05	0.71	0.7	0.92		-0.68	-0.7	-0.42	WSM
NIO	0.42	0.44	-0.33	-0.44	-0.7	-0.68		0.06	0.0	NIO
STLA	0.49	-0.57	-0.69	-0.46	-0.56	-0.7	0.06		0.64	STLA
RIVN	0.48	-0.43	-0.48	-0.3	-0.18	-0.42	0.0	0.64		RIVN
	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN

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

WSM	+ 0.92	ULTA
WSM	+ 0.71	PHM
WSM	+ 0.7	HMC
HMC	+ 0.65	PHM
ULTA	+ 0.64	PHM
RIVN	+ 0.64	STLA

High negative correlations

STLA	- 0.7	WSM
NIO	- 0.7	ULTA
STLA	- 0.69	PHM
NIO	- 0.68	WSM
WSM	- 0.59	XPEV
STLA	- 0.57	LI

Risk-Adjusted Indicators

There is a big difference between Li-FT Pink Sheet performing well and Li-FT Power 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 Li-FT Power'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
XPEV	2.50	(0.27)	0.00	(0.22)	0.00	0.00	6.18	(4.70)	16.73
LI	1.65	(0.06)	(0.03)	0.04	1.97	(1.71)	3.54	(3.18)	9.90
PHM	1.66	0.15	0.11	0.22	1.41	(2.16)	5.00	(2.19)	9.97
HMC	1.28	(0.08)	(0.04)	0.04	1.38	(1.51)	3.40	(2.56)	7.85
ULTA	1.47	0.44	0.27	0.88	1.13	(1.83)	3.00	(2.32)	16.26
WSM	1.73	0.11	0.09	0.16	1.72	(1.85)	3.85	(2.66)	11.23
NIO	2.40	(0.09)	0.00	0.26	0.00	0.00	4.59	(5.45)	11.98
STLA	2.38	(0.26)	0.00	3.82	0.00	0.00	4.66	(4.22)	30.62
RIVN	3.08	0.04	0.02	0.13	2.86	(4.59)	10.70	(5.22)	33.75

Li-FT Power Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Li-FT Power pink sheet to make a market-neutral strategy. Peer analysis of Li-FT Power could also be used in its relative valuation, which is a method of valuing Li-FT Power by comparing valuation metrics with similar companies.

Xpeng Inc Li Auto PulteGroup Honda Motor Co Ulta Beauty Williams Sonoma Nio Class A Stellantis NV Rivian Automotive American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

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