Arcimoto Correlations
| FUV Stock | USD 0.42 0.02 5.00% |
The correlation of Arcimoto 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcimoto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcimoto 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.
Average diversification
The correlation between Arcimoto and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcimoto and NYA in the same portfolio, assuming nothing else is changed.
Arcimoto |
The ability to find closely correlated positions to Arcimoto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arcimoto 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 Arcimoto - 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 Arcimoto to buy it.
Moving together with Arcimoto Stock
| 0.8 | QS | Quantumscape Corp Earnings Call Today | PairCorr |
| 0.75 | VC | Visteon Corp Earnings Call Tomorrow | PairCorr |
| 0.88 | VLCN | Volcon Inc Financial Report 3rd of May 2024 | PairCorr |
| 0.93 | EGOX | NexteGO NV Ordinary | PairCorr |
| 0.87 | WKSP | Worksport | PairCorr |
| 0.96 | FFIE | Faraday Future Intel | PairCorr |
| 0.68 | AXL | American Axle Manufa Financial Report 3rd of May 2024 | PairCorr |
| 0.92 | FOXF | Fox Factory Holding Financial Report 2nd of May 2024 | PairCorr |
Moving against Arcimoto Stock
| 0.87 | GM | General Motors Aggressive Push | PairCorr |
| 0.84 | ALV | Autoliv Earnings Call This Week | PairCorr |
| 0.82 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
| 0.72 | F | Ford Motor Earnings Call Today | PairCorr |
| 0.7 | DORM | Dorman Products Financial Report 7th of May 2024 | PairCorr |
| 0.64 | EVTV | Envirotech Vehicles Report 23rd of September 2024 | PairCorr |
Related Correlations Analysis
| 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 Arcimoto Stock performing well and Arcimoto 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 Arcimoto'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AYRO | 1.99 | (0.26) | 0.00 | (0.23) | 0.00 | 3.55 | 13.04 | |||
| KNDI | 2.00 | (0.01) | (0.04) | (0.41) | 1.91 | 5.45 | 12.63 | |||
| BLNK | 4.39 | (0.31) | 0.00 | 0.02 | 5.04 | 8.41 | 46.96 | |||
| AQUI | 1.32 | 0.62 | 0.00 | 1.04 | 0.00 | 0.00 | 25.00 | |||
| MSTSX | 0.46 | (0.01) | (0.03) | 0.07 | 0.60 | 1.03 | 3.20 | |||
| ABHYX | 0.16 | 0.01 | (0.22) | 2.44 | 0.19 | 0.45 | 1.61 | |||
| LBHIX | 0.19 | (0.02) | (0.24) | (0.01) | 0.21 | 0.49 | 1.21 | |||
| SCAXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIASP | 1.40 | 0.18 | 0.09 | 0.24 | 1.87 | 3.60 | 13.41 | |||
| RRTLX | 0.25 | 0.02 | (0.17) | 0.68 | 0.25 | 0.51 | 1.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arcimoto without increasing your portfolio risk or giving up the 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?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
Arcimoto Corporate Management
Elected by the shareholders, the Arcimoto's board of directors comprises two types of representatives: Arcimoto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arcimoto. The board's role is to monitor Arcimoto's management team and ensure that shareholders' interests are well served. Arcimoto's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Arcimoto's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Douglas Campoli | CFO Treasurer | Profile | |
| John Dorbin | Gen Sec | Profile | |
| Robert Mighell | Chief Officer | Profile | |
| Dilip Sundaram | Chief Officer | Profile | |
| Chad Boardrow | Chief Officer | Profile | |
| Terry Becker | COO Director | Profile |
Already Invested in Arcimoto?
The danger of trading Arcimoto 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 Arcimoto 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 Arcimoto. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Arcimoto 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.
When determining whether Arcimoto is a strong investment it is important to analyze Arcimoto's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Arcimoto's future performance. For an informed investment choice regarding Arcimoto Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Arcimoto. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Arcimoto Stock please use our How to Invest in Arcimoto guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Arcimoto's price analysis, check to measure Arcimoto's 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 Arcimoto is operating at the current time. Most of Arcimoto's value examination focuses on studying past and present price action to predict the probability of Arcimoto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arcimoto's price. Additionally, you may evaluate how the addition of Arcimoto to your portfolios can decrease your overall portfolio volatility.
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Is Arcimoto's 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 Arcimoto. If investors know Arcimoto 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 Arcimoto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.72) | Revenue Per Share 1.019 | Quarterly Revenue Growth (0.45) | Return On Assets (0.37) | Return On Equity (2.01) |
The market value of Arcimoto is measured differently than its book value, which is the value of Arcimoto that is recorded on the company's balance sheet. Investors also form their own opinion of Arcimoto's value that differs from its market value or its book value, called intrinsic value, which is Arcimoto's 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 Arcimoto's market value can be influenced by many factors that don't directly affect Arcimoto's 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 Arcimoto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arcimoto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arcimoto's 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.