Nio Correlations
| NIO Stock | USD 4.49 0.36 8.72% |
The correlation of Nio 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 Nio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nio Class A 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 Nio Class A and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nio Class A and NYA in the same portfolio, assuming nothing else is changed.
Nio |
The ability to find closely correlated positions to Nio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nio 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 Nio - 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 Nio Class A to buy it.
Moving together with Nio Stock
| 0.73 | FFIE | Faraday Future Intel | PairCorr |
| 0.76 | XPEV | Xpeng Inc Buyout Trend | PairCorr |
| 0.77 | LCID | Lucid Group Financial Report 13th of May 2024 | PairCorr |
| 0.93 | MULN | Mullen Automotive | PairCorr |
| 0.7 | PSNY | Polestar Automotive Financial Report 9th of May 2024 | PairCorr |
| 0.81 | RIVN | Rivian Automotive Buyout Trend | PairCorr |
| 0.78 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.81 | UA | Under Armour C | PairCorr |
| 0.89 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.8 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
Moving against Nio Stock
| 0.79 | TH | Target Hospitality Corp Financial Report 14th of May 2024 | PairCorr |
| 0.74 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.73 | SG | Sweetgreen Buyout Trend | PairCorr |
| 0.57 | F | Ford Motor Aggressive Push | PairCorr |
| 0.52 | H | Hyatt Hotels Earnings Call This Week | PairCorr |
| 0.46 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.82 | CMG | Chipotle Mexican Grill | PairCorr |
Related Correlations Analysis
| 0.64 | 0.53 | 0.11 | -0.25 | 0.05 | PFE | ||
| 0.64 | 0.56 | -0.23 | -0.34 | -0.04 | HTZ | ||
| 0.53 | 0.56 | -0.02 | -0.33 | 0.07 | 277432AW0 | ||
| 0.11 | -0.23 | -0.02 | 0.33 | 0.56 | FTXCX | ||
| -0.25 | -0.34 | -0.33 | 0.33 | 0.25 | MRK | ||
| 0.05 | -0.04 | 0.07 | 0.56 | 0.25 | ITAAX | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Nio Stock performing well and Nio 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 Nio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFE | 0.98 | (0.18) | 0.00 | (0.46) | 0.00 | 2.40 | 6.35 | |||
| HTZ | 3.14 | (0.77) | 0.00 | 0.87 | 0.00 | 5.48 | 21.56 | |||
| 277432AW0 | 0.61 | (0.11) | 0.00 | (1.37) | 0.00 | 1.26 | 6.21 | |||
| FTXCX | 1.10 | 0.13 | 0.03 | (1.32) | 1.19 | 2.60 | 6.36 | |||
| MRK | 0.69 | 0.13 | 0.07 | 1.09 | 0.58 | 1.35 | 6.92 | |||
| ITAAX | 0.10 | (0.01) | (0.51) | (1.26) | 0.11 | 0.20 | 0.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nio 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?
Run Equity Search Now
Equity SearchSearch for actively traded equities including funds and ETFs from over 30 global markets |
| All Next | Launch Module |
Nio Corporate Directors
Nio corporate directors refer to members of a Nio board of directors. The board of directors generally takes responsibility for the Nio's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nio's board members must vote for the resolution. The Nio board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jack Evans | Independent Director | Profile | |
| David Kundert | Independent Director | Profile | |
| James Mitchell | Director | Profile | |
| Joel Bell | Independent Director | Profile |
Already Invested in Nio Class A?
The danger of trading Nio Class A 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 Nio 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 Nio. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nio Class A 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 Nio Class A offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nio Class A Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nio Class A Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nio Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Nio Stock analysis
When running Nio's price analysis, check to measure Nio'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 Nio is operating at the current time. Most of Nio's value examination focuses on studying past and present price action to predict the probability of Nio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nio's price. Additionally, you may evaluate how the addition of Nio to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
Is Nio'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 Nio. If investors know Nio 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 Nio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.72) | Revenue Per Share 32.713 | Quarterly Revenue Growth 0.065 | Return On Assets (0.13) | Return On Equity (0.73) |
The market value of Nio Class A is measured differently than its book value, which is the value of Nio that is recorded on the company's balance sheet. Investors also form their own opinion of Nio's value that differs from its market value or its book value, called intrinsic value, which is Nio'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 Nio's market value can be influenced by many factors that don't directly affect Nio'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 Nio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nio'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.