Faraday Future Correlations

FFAIW Stock

0.07 0 4.06%

The current 90-days correlation between Faraday Future Intel and Fortress Transp Infra is -0.13 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Faraday Future Correlation With Market

Significant diversification

The correlation between Faraday Future Intelligent and DJI is 0.09 (i.e., Significant 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.

Build AI portfolio with Faraday Stock

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

Moving together with Faraday Stock

0.84	F-PB	Ford Motor	Pair Corr
0.87	F-PC	Ford Motor	Pair Corr
0.86	F-PD	F PD	Pair Corr
0.83	CYD	China Yuchai Interna Downward Rally	Pair Corr
0.62	LOT	Lotus Technology American	Pair Corr
0.72	BLBD	Blue Bird Corp	Pair Corr
0.61	IP	International Paper	Pair Corr
0.87	MB	MasterBeef Group Ordinary Trending	Pair Corr
0.7	OI	O I Glass Earnings Call This Week	Pair Corr
0.63	EFOI	Energy Focu	Pair Corr
0.62	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.67	EVRI	Everi Holdings	Pair Corr
0.84	WPRT	Westport Fuel Systems	Pair Corr
0.79	FIGS	Figs Inc	Pair Corr
0.72	AGS	PlayAGS	Pair Corr
0.66	AIN	Albany International Earnings Call This Week	Pair Corr

Moving against Faraday Stock

0.86	ZAPP	Zapp Electric Vehicles	Pair Corr
0.51	XPEV	Xpeng Inc Aggressive Push	Pair Corr
0.5	LOBO	LOBO EV TECHNOLOGIES	Pair Corr
0.47	ZAPPW	Zapp Electric Vehicles	Pair Corr
0.88	AIEV	Thunder Power Holdings,	Pair Corr
0.65	VIRC	Virco Manufacturing	Pair Corr
0.53	AYRO	AYRO Inc	Pair Corr
0.49	CENN	Cenntro Electric	Pair Corr
0.69	FRSX	Foresight Autonomous	Pair Corr
0.67	FUN	Six Flags Entertainment	Pair Corr
0.61	CHA	Chagee Holdings	Pair Corr

Related Correlations Analysis

	FTAI	MPX	CFRLF	R	MGRC	URI	MSN
FTAI		0.04	0.1	0.37	0.62	0.5	0.06	FTAI
MPX	0.04		0.54	0.7	0.57	0.56	-0.54	MPX
CFRLF	0.1	0.54		0.82	0.59	0.76	-0.64	CFRLF
R	0.37	0.7	0.82		0.86	0.94	-0.53	R
MGRC	0.62	0.57	0.59	0.86		0.89	-0.38	MGRC
URI	0.5	0.56	0.76	0.94	0.89		-0.41	URI
MSN	0.06	-0.54	-0.64	-0.53	-0.38	-0.41		MSN
	FTAI	MPX	CFRLF	R	MGRC	URI	MSN

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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

URI	+ 0.94	R
URI	+ 0.89	MGRC
MGRC	+ 0.86	R
R	+ 0.82	CFRLF
URI	+ 0.76	CFRLF
R	+ 0.7	MPX

High negative correlations

MSN	- 0.64	CFRLF
MSN	- 0.54	MPX
MSN	- 0.53	R
MSN	- 0.41	URI
MSN	- 0.38	MGRC

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
FTAI	2.73	0.08	0.03	0.22	4.01	(2.97)	5.54	(4.01)	24.64
MPX	1.65	0.00	0.00	0.17	1.84	(1.72)	3.51	(3.25)	11.13
CFRLF	0.20	0.07	0.00	0.71	0.00	0.00	0.00	0.00	6.82
R	1.49	0.12	0.14	0.25	1.07	(1.92)	3.76	(2.32)	10.60
MGRC	1.27	(0.03)	(0.02)	0.14	1.35	(1.33)	2.35	(2.51)	6.36
URI	1.46	0.46	0.15	(1.54)	1.27	(1.61)	3.38	(2.75)	12.95
MSN	2.30	0.30	0.00	(0.19)	3.21	(3.34)	5.13	(5.00)	18.08

Faraday Future Corporate Management

Koti Meka	Chief Officer	Profile
Connie Zhao	Head Integration	Profile
Scott Graziano	Global Secretary	Profile
Tommy Zhao	Senior AfterSales	Profile

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