EZGO Technologies Correlations

EZGO Stock

USD 0.37 0.01 2.78%

The current 90-days correlation between EZGO Technologies and Twin Vee Powercats is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EZGO Technologies Correlation With Market

Good diversification

The correlation between EZGO Technologies and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EZGO Technologies and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.

Related Correlations Analysis

	VEEE	LCII	CMOT	MPX	MCFT	TIRX	YGMZ	BAOS	JZXN
VEEE		-0.18	0.29	-0.12	-0.14	0.16	0.2	-0.23	0.04	VEEE
LCII	-0.18		-0.76	0.62	0.92	-0.44	-0.4	0.66	-0.63	LCII
CMOT	0.29	-0.76		-0.36	-0.78	0.53	0.66	-0.55	0.58	CMOT
MPX	-0.12	0.62	-0.36		0.72	-0.28	-0.31	0.13	-0.41	MPX
MCFT	-0.14	0.92	-0.78	0.72		-0.51	-0.48	0.55	-0.71	MCFT
TIRX	0.16	-0.44	0.53	-0.28	-0.51		0.66	-0.27	0.39	TIRX
YGMZ	0.2	-0.4	0.66	-0.31	-0.48	0.66		-0.08	0.19	YGMZ
BAOS	-0.23	0.66	-0.55	0.13	0.55	-0.27	-0.08		-0.31	BAOS
JZXN	0.04	-0.63	0.58	-0.41	-0.71	0.39	0.19	-0.31		JZXN
	VEEE	LCII	CMOT	MPX	MCFT	TIRX	YGMZ	BAOS	JZXN

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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

MCFT	+ 0.92	LCII
MCFT	+ 0.72	MPX
BAOS	+ 0.66	LCII
YGMZ	+ 0.66	CMOT
YGMZ	+ 0.66	TIRX
MPX	+ 0.62	LCII

High negative correlations

MCFT	- 0.78	CMOT
CMOT	- 0.76	LCII
JZXN	- 0.71	MCFT
JZXN	- 0.63	LCII
BAOS	- 0.55	CMOT
TIRX	- 0.51	MCFT

Risk-Adjusted Indicators

There is a big difference between EZGO Stock performing well and EZGO Technologies 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 EZGO Technologies' 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
VEEE	7.54	0.97	0.12	0.39	8.78	(10.82)	7.94	(9.85)	245.98
LCII	1.63	0.27	0.16	0.42	1.29	(1.90)	3.78	(2.59)	10.06
CMOT	3.29	(1.49)	0.00	3.40	0.00	0.00	0.00	(10.00)	50.00
MPX	1.61	0.05	(0.04)	0.69	1.96	(1.68)	3.39	(3.25)	11.13
MCFT	2.01	0.40	0.11	(4.84)	1.86	(2.27)	3.80	(3.18)	16.70
TIRX	3.17	0.09	0.00	0.03	0.00	0.00	8.94	(4.83)	35.32
YGMZ	4.47	0.44	0.04	(0.91)	5.13	(5.31)	8.96	(7.04)	57.07
BAOS	5.22	0.60	0.14	0.38	5.01	(6.46)	11.62	(9.60)	67.60
JZXN	7.59	(1.65)	0.00	(2.21)	0.00	0.00	13.27	(22.88)	72.58

EZGO Technologies Corporate Management

Shuang Wu	Chief Officer	Profile
Jingyan Wu	Chief Officer	Profile
Zebin Zhao	Chief Officer	Profile
Jianhui Ye	Chairman CEO	Profile

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