Volcon Correlations

VLCN Stock

USD 0.68 0.02 2.86%

The current 90-days correlation between Volcon Inc and AYRO Inc is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Volcon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcon Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Volcon Correlation With Market

Good diversification

The correlation between Volcon Inc and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volcon Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Volcon Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcon 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 main economic indicators.

Moving together with Volcon Stock

0.88	AYRO	AYRO Inc	Pair Corr
0.84	JZ	Jianzhi Education	Pair Corr

Moving against Volcon Stock

0.66	RL	Ralph Lauren Corp	Pair Corr
0.55	FL	Foot Locker	Pair Corr
0.5	BKE	Buckle Inc	Pair Corr
0.49	WEYS	Weyco Group	Pair Corr
0.48	GCT	GigaCloud Technology Earnings Call This Week	Pair Corr
0.38	LCID	Lucid Group	Pair Corr
0.35	GNS	Genius Group	Pair Corr
0.34	HD	Home Depot	Pair Corr
0.34	EAT	Brinker International	Pair Corr
0.32	VUZI	Vuzix Corp Cmn	Pair Corr
0.85	LIVE	Live Ventures	Pair Corr
0.81	ATGE	Adtalem Global Education	Pair Corr
0.77	PVH	PVH Corp	Pair Corr
0.73	QSG	QuantaSing Group Upward Rally	Pair Corr
0.72	ROST	Ross Stores	Pair Corr
0.71	BJRI	BJs Restaurants	Pair Corr
0.64	STKS	One Group Hospitality	Pair Corr
0.55	WWW	Wolverine World Wide	Pair Corr
0.52	LEVI	Levi Strauss	Pair Corr

Related Correlations Analysis

	AYRO	WKHS	FSR	GOEV	RIDE	SOLO	GP	CENN	MULN	ARVL
AYRO		0.6	0.0	0.65	0.0	0.0	0.61	-0.07	0.45	0.0	AYRO
WKHS	0.6		0.0	0.86	0.0	0.0	0.57	0.34	0.96	0.0	WKHS
FSR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FSR
GOEV	0.65	0.86	0.0		0.0	0.0	0.7	0.12	0.79	0.0	GOEV
RIDE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RIDE
SOLO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SOLO
GP	0.61	0.57	0.0	0.7	0.0	0.0		0.37	0.46	0.0	GP
CENN	-0.07	0.34	0.0	0.12	0.0	0.0	0.37		0.38	0.0	CENN
MULN	0.45	0.96	0.0	0.79	0.0	0.0	0.46	0.38		0.0	MULN
ARVL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ARVL
	AYRO	WKHS	FSR	GOEV	RIDE	SOLO	GP	CENN	MULN	ARVL

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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

MULN	+ 0.96	WKHS
GOEV	+ 0.86	WKHS
MULN	+ 0.79	GOEV
GP	+ 0.7	GOEV
GOEV	+ 0.65	AYRO
GP	+ 0.61	AYRO

High negative correlations

CENN	- 0.07	AYRO
ARVL	- 0.0	MULN
ARVL	- 0.0	CENN
ARVL	- 0.0	GP
ARVL	- 0.0	SOLO
MULN	- 0.0	SOLO

Risk-Adjusted Indicators

There is a big difference between Volcon Stock performing well and Volcon 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 Volcon'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
AYRO	3.18	(0.20)	0.00	0.45	0.00	0.00	6.98	(8.16)	23.11
WKHS	4.97	(2.17)	0.00	(12.50)	0.00	0.00	8.05	(13.02)	37.75
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOEV	11.78	(4.79)	0.00	(5.33)	0.00	0.00	33.20	(29.17)	107.21
RIDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SOLO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GP	2.76	(0.06)	0.00	(0.84)	0.00	0.00	4.76	(4.55)	24.14
CENN	3.51	0.15	0.03	0.15	3.95	(4.79)	7.41	(6.59)	30.26
MULN	14.05	(8.39)	0.00	45.85	0.00	0.00	0.00	(30.25)	248.33
ARVL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Volcon Corporate Management

Stephanie Davis	Chief Officer	Profile
Eduardo SalcedoLopez	Chief Officer	Profile
Greg Endo	Chief Officer	Profile
Jordan Davis	CEO Director	Profile
Josh Rasmussen	Chief Officer	Profile

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