Ehang Holdings Correlations

EH
 Stock
  

USD 7.06  0.60  7.83%   

The correlation of Ehang Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ehang Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ehang Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Continue to Investing Opportunities.
  
The ability to find closely correlated positions to Ehang Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ehang Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ehang Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ehang Holdings to buy it.

Moving against Ehang Holdings

0.67EVTLVertical AerospacePairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BCSAVAV
LZBBA
BBBYASTC
VRMLZB
VRMBA
DPZBA
  
High negative correlations   
DPZBBBY
DPZASTC
RDBXLZB
VRMRDBX
RDBXBA
BAASTC

Ehang Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Ehang Holdings stock performing well and Ehang Holdings company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Ehang Holdings' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AIRI 2.61 (0.21)  0.00 (0.72)  0.00 (0.06)  0.00  6.06 (5.71)  14.52 
ASTC 2.30 (0.10)  0.00 (0.15)  0.00 (0.0327)  0.00  4.26 (5.77)  12.00 
AVAV 2.53  0.14  0.05  0.10  2.87  0.0431 (2.91)  5.41 (5.18)  15.11 
BA 2.60  0.22  0.06  0.11  3.06  0.06 (3.26)  6.45 (5.03)  16.31 
BCS 2.12  0.15  0.06  0.10  2.30  0.06 (2.40)  4.14 (3.82)  10.74 
BBBY 6.51  0.04  0.00  0.00  7.46  0.0023 (7.42)  14.71 (9.94)  33.75 
DPZ 1.25  0.23  0.17  0.33  1.11  0.14 (1.38)  3.04 (2.39)  6.82 
LZB 2.07  0.10  0.04  0.08  2.43  0.0355 (2.37)  3.67 (4.47)  13.54 
RDBX 12.79  0.67  0.05  1.00  12.91  0.0368 (16.89)  35.76 (17.43)  100.69 
VRM 7.62  0.77  0.07  0.34  9.10  0.07 (8.85)  18.49 (15.90)  52.59 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ehang Holdings without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Bond Analysis Now

   

Bond Analysis

Evaluate and analyze corporate bonds as a potential investment for your portfolios.
All  Next Launch Module

Invested in Ehang Holdings?

You need to understand the risk of investing before taking a position in Ehang Holdings. The danger of trading Ehang Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ehang Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ehang Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ehang Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Ehang Holdings information on this page should be used as a complementary analysis to other Ehang Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Ehang Stock analysis

When running Ehang Holdings price analysis, check to measure Ehang Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ehang Holdings is operating at the current time. Most of Ehang Holdings' value examination focuses on studying past and present price action to predict the probability of Ehang Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ehang Holdings' price. Additionally, you may evaluate how the addition of Ehang Holdings to your portfolios can decrease your overall portfolio volatility.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Is Ehang Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ehang Holdings. If investors know Ehang will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ehang Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
428.9 M
Quarterly Revenue Growth YOY
-0.75
Return On Assets
-0.33
Return On Equity
-0.73
The market value of Ehang Holdings is measured differently than its book value, which is the value of Ehang that is recorded on the company's balance sheet. Investors also form their own opinion of Ehang Holdings' value that differs from its market value or its book value, called intrinsic value, which is Ehang Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ehang Holdings' market value can be influenced by many factors that don't directly affect Ehang Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ehang Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Ehang Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ehang Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.