Microvast Holdings Correlations

MVST Stock

USD 2.93 0.01 0.34%

The current 90-days correlation between Microvast Holdings and Amprius Technologies is 0.63 (i.e., Poor diversification). The correlation of Microvast Holdings 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.

Microvast Holdings Correlation With Market

Modest diversification

The correlation between Microvast Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microvast Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microvast Stock

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

For more information on how to buy Microvast Stock please use our How to Invest in Microvast Holdings guide.

Moving together with Microvast Stock

0.64	JCSE	JE Cleantech Holdings	Pair Corr
0.79	688531	Uxi Unicomp Technology	Pair Corr
0.68	300976	Dongguan Tarry Elect	Pair Corr

Moving against Microvast Stock

0.45	DOV	Dover	Pair Corr
0.32	WWD	Woodward	Pair Corr
0.46	000821	JS Corrugating Machinery	Pair Corr
0.71	002855	Dongguan Chitwing	Pair Corr
0.33	605060	Allied Machinery	Pair Corr

Related Correlations Analysis

	AMPX	ENR	SLDP	PBI	HNI	ENOV	CDRE	ENVX
AMPX		0.01	0.65	0.03	-0.02	0.22	0.38	0.69	AMPX
ENR	0.01		-0.19	0.64	0.56	0.71	-0.66	0.47	ENR
SLDP	0.65	-0.19		-0.4	-0.51	0.01	0.67	0.29	SLDP
PBI	0.03	0.64	-0.4		0.9	0.62	-0.62	0.61	PBI
HNI	-0.02	0.56	-0.51	0.9		0.52	-0.7	0.54	HNI
ENOV	0.22	0.71	0.01	0.62	0.52		-0.36	0.55	ENOV
CDRE	0.38	-0.66	0.67	-0.62	-0.7	-0.36		-0.13	CDRE
ENVX	0.69	0.47	0.29	0.61	0.54	0.55	-0.13		ENVX
	AMPX	ENR	SLDP	PBI	HNI	ENOV	CDRE	ENVX

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

HNI	+ 0.9	PBI
ENOV	+ 0.71	ENR
ENVX	+ 0.69	AMPX
CDRE	+ 0.67	SLDP
SLDP	+ 0.65	AMPX
PBI	+ 0.64	ENR

High negative correlations

CDRE	- 0.7	HNI
CDRE	- 0.66	ENR
CDRE	- 0.62	PBI
HNI	- 0.51	SLDP
PBI	- 0.4	SLDP
CDRE	- 0.36	ENOV

Risk-Adjusted Indicators

There is a big difference between Microvast Stock performing well and Microvast Holdings 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 Microvast Holdings' 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
AMPX	5.54	0.24	0.08	0.13	5.82	(6.44)	13.68	(9.76)	28.30
ENR	2.19	(0.65)	0.00	(0.22)	0.00	0.00	3.69	(4.77)	22.15
SLDP	6.28	0.40	0.09	0.17	6.77	(7.19)	11.34	(12.29)	72.11
PBI	1.52	(0.24)	0.00	(0.13)	0.00	0.00	3.12	(3.87)	14.08
HNI	1.07	(0.19)	0.00	(0.12)	0.00	0.00	2.46	(2.04)	10.19
ENOV	2.16	(0.41)	0.00	(0.10)	0.00	0.00	4.78	(4.85)	14.56
CDRE	1.55	0.31	0.19	0.36	1.39	(1.94)	4.39	(2.17)	11.64
ENVX	4.34	(0.15)	0.01	0.03	5.65	(4.75)	10.61	(8.56)	33.25

Microvast Holdings Corporate Management

Sarah Alexander	Corp Counsel	Profile
Isida Tushe	General Secretary	Profile
Gao Lu	Executive Officer	Profile
Shane Smith	Chief Officer	Profile
Carl Schultz	Chief Officer	Profile
Shengxian Wu	Chief Officer	Profile

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