Faraday Future Correlations
| FFAI Stock | 1.89 0.26 15.95% |
The current 90-days correlation between Faraday Future Intel and Boyd Gaming is 0.17 (i.e., Average diversification). The correlation of Faraday Future 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.
Faraday Future Correlation With Market
Weak diversification
The correlation between Faraday Future Intelligent and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Faraday Future Intelligent and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Faraday Stock
| 0.69 | GM | General Motors Aggressive Push | PairCorr |
| 0.86 | VC | Visteon Corp | PairCorr |
| 0.74 | BWA | BorgWarner | PairCorr |
| 0.75 | DAN | Dana Inc | PairCorr |
| 0.63 | MOD | Modine Manufacturing | PairCorr |
| 0.82 | BC | Brunswick | PairCorr |
| 0.85 | DOOO | BRP Inc | PairCorr |
| 0.79 | ABG | Asbury Automotive | PairCorr |
| 0.66 | SERV | Serve Robotics Common | PairCorr |
| 0.79 | UCAR | U Power Limited Downward Rally | PairCorr |
| 0.75 | CPNG | Coupang LLC | PairCorr |
| 0.68 | PTAIF | PT Astra International | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.81 | SEAL-PA | Seapeak LLC | PairCorr |
Moving against Faraday Stock
| 0.79 | ZSPC | zSpace, Common stock | PairCorr |
| 0.65 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.55 | DIT | AMCON Distributing | PairCorr |
| 0.54 | LCID | Lucid Group Buyout Trend | PairCorr |
Related Correlations Analysis
| -0.45 | 0.53 | 0.38 | 0.82 | -0.86 | BYD | ||
| -0.45 | -0.44 | -0.32 | -0.64 | 0.61 | CMND | ||
| 0.53 | -0.44 | -0.33 | 0.68 | -0.34 | SBUX | ||
| 0.38 | -0.32 | -0.33 | 0.29 | -0.56 | DLTTF | ||
| 0.82 | -0.64 | 0.68 | 0.29 | -0.79 | PLAY | ||
| -0.86 | 0.61 | -0.34 | -0.56 | -0.79 | DYAI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Faraday Stock performing well and Faraday Future 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 Faraday Future'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYD | 1.38 | 0.23 | 0.13 | 0.31 | 1.55 | 3.22 | 15.91 | |||
| CMND | 2.48 | 0.14 | 0.02 | 0.62 | 2.57 | 5.05 | 21.71 | |||
| SBUX | 1.91 | (0.16) | 0.00 | (0.01) | 0.00 | 3.59 | 16.95 | |||
| DLTTF | 0.36 | 0.18 | 0.00 | (3.11) | 0.00 | 0.00 | 10.25 | |||
| PLAY | 3.32 | 1.01 | 0.31 | 1.05 | 2.41 | 9.24 | 22.33 | |||
| DYAI | 2.38 | (0.58) | 0.00 | (0.77) | 0.00 | 4.24 | 15.69 |
Faraday Future Corporate Management
| Koti Meka | Chief Officer | Profile | |
| Connie Zhao | Head Integration | Profile | |
| Scott Graziano | Global Secretary | Profile | |
| Tommy Zhao | Senior AfterSales | Profile |