Xos Correlations
| XOS Stock | USD 3.37 0.09 2.60% |
The current 90-days correlation between Xos Inc and Aeye Inc is 0.2 (i.e., Modest diversification). The correlation of Xos 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.
Xos Correlation With Market
Very weak diversification
The correlation between Xos Inc and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xos Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Xos Stock
Moving against Xos Stock
| 0.67 | SHYF | Shyft Group Earnings Call This Week | PairCorr |
| 0.65 | ALG | Alamo Group | PairCorr |
| 0.61 | REVG | Rev Group | PairCorr |
| 0.58 | OSK | Oshkosh | PairCorr |
| 0.57 | DE | Deere Company | PairCorr |
| 0.56 | VAPE | Vape Holdings Symbol Change | PairCorr |
| 0.56 | TWI | Titan International | PairCorr |
| 0.55 | GENC | Gencor Industries | PairCorr |
| 0.53 | MTW | Manitowoc | PairCorr |
| 0.52 | BLBD | Blue Bird Corp | PairCorr |
| 0.51 | CAT | Caterpillar | PairCorr |
| 0.5 | TEX | Terex | PairCorr |
| 0.46 | WNC | Wabash National Earnings Call This Week | PairCorr |
| 0.45 | VAPEW | CEA Industries Symbol Change | PairCorr |
| 0.43 | LNN | Lindsay | PairCorr |
| 0.38 | AGCO | AGCO | PairCorr |
| 0.38 | ARTW | Arts Way Manufacturing | PairCorr |
| 0.36 | CNH | CNH Industrial NV Sell-off Trend | PairCorr |
| 0.32 | HYFM | Hydrofarm Holdings | PairCorr |
| 0.32 | ASTE | Astec Industries | PairCorr |
| 0.71 | CW | Curtiss Wright | PairCorr |
| 0.68 | DY | Dycom Industries | PairCorr |
| 0.65 | AP | Ampco Pittsburgh | PairCorr |
| 0.64 | CP | Canadian Pacific Railway | PairCorr |
| 0.63 | BW | Babcock Wilcox Enter | PairCorr |
| 0.61 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.58 | AZ | A2Z Smart Technologies | PairCorr |
| 0.54 | BE | Bloom Energy Corp | PairCorr |
| 0.51 | BR | Broadridge Financial | PairCorr |
| 0.5 | AL | Air Lease | PairCorr |
| 0.49 | CR | Crane Company | PairCorr |
| 0.42 | BV | BrightView Holdings | PairCorr |
| 0.42 | GD | General Dynamics Earnings Call This Week | PairCorr |
| 0.42 | LZ | LegalZoom | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ZEVY | ||
| 0.0 | 0.31 | 0.47 | 0.51 | -0.73 | HIPH | ||
| 0.0 | 0.31 | 0.79 | 0.6 | -0.39 | WNC | ||
| 0.0 | 0.47 | 0.79 | 0.84 | -0.57 | TWI | ||
| 0.0 | 0.51 | 0.6 | 0.84 | -0.61 | LIDR | ||
| 0.0 | -0.73 | -0.39 | -0.57 | -0.61 | WBX | ||
| 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 Xos Stock performing well and Xos 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 Xos' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEVY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HIPH | 5.97 | 1.28 | 0.00 | 0.86 | 0.00 | 0.00 | 150.00 | |||
| WNC | 2.96 | 0.06 | 0.01 | 0.18 | 5.74 | 7.18 | 38.65 | |||
| TWI | 2.83 | 0.20 | 0.10 | 0.23 | 2.86 | 8.40 | 19.44 | |||
| LIDR | 4.83 | 0.85 | 0.17 | 0.63 | 4.90 | 14.44 | 27.62 | |||
| WBX | 3.06 | (0.37) | 0.00 | (0.44) | 0.00 | 6.23 | 18.97 |
Xos Corporate Management
| Liana Pogosyan | Acting Finance | Profile | |
| Steve Ivsan | Head Management | Profile | |
| Kingsley Afemikhe | Chief Officer | Profile | |
| Henry Kwon | Head Relations | Profile | |
| Mathew Freiheit | Chief Engineer | Profile | |
| Giordano Sordoni | COO CoFounder | Profile | |
| Christen Romero | General Secretary | Profile |