LCID, NasdaqGS

Lucid Group, Inc. (LCID)

Price (as of October 22)

13.31USD

3 Month
1 Year
5 Years
Max

Lowest within Industry

Symbol	Correlation
BMW.DE Bayerische Motoren Werke Aktiengesellschaft	-0.19
GP GreenPower Motor Company Inc.	-0.12
MBG.DE Mercedes-Benz Group AG	-0.11
HYZN Hyzon Motors Inc.	-0.1
FFIE Faraday Future Intelligent Electric Inc.	-0.03
ARVL Arrival	0.02
GOEV Canoo Inc.	-0.09
BLBD Blue Bird Corporation	0.05
PAH3.DE Porsche Automobil Holding SE	-0.02
VOW.DE Volkswagen AG	-0

Highest within Industry

Symbol	Correlation
TSLA Tesla, Inc.	0.75
F Ford Motor Company	0.73
GM General Motors Company	0.71
HMC Honda Motor Co., Ltd.	0.7
TM Toyota Motor Corporation	0.68
TTM Tata Motors Limited	0.2
NSANY Nissan Motor Co., Ltd.	0.03
FSR Fisker Inc.	0.03
VOW.DE Volkswagen AG	-0
PAH3.DE Porsche Automobil Holding SE	-0.02

Lowest within Industry

Symbol	Correlation
GP GreenPower Motor Company Inc.	-0.12
FFIE Faraday Future Intelligent Electric Inc.	-0.04
VOW.DE Volkswagen AG	-0.02
GOEV Canoo Inc.	-0.02
PAH3.DE Porsche Automobil Holding SE	-0.02
BMW.DE Bayerische Motoren Werke Aktiengesellschaft	-0.05
BLBD Blue Bird Corporation	0.05
ARVL Arrival	0.02
MBG.DE Mercedes-Benz Group AG	-0.04
HYZN Hyzon Motors Inc.	0.04

Highest within Industry

Symbol	Correlation
TSLA Tesla, Inc.	0.53
F Ford Motor Company	0.38
GM General Motors Company	0.36
HMC Honda Motor Co., Ltd.	0.35
TTM Tata Motors Limited	0.29
TM Toyota Motor Corporation	0.15
FSR Fisker Inc.	0.03
NSANY Nissan Motor Co., Ltd.	0.03
HYZN Hyzon Motors Inc.	0.04
MBG.DE Mercedes-Benz Group AG	-0.04

Lowest within Industry

Symbol	Correlation
GOEV Canoo Inc.	-0.09
GP GreenPower Motor Company Inc.	-0.08
BMW.DE Bayerische Motoren Werke Aktiengesellschaft	-0.05
MBG.DE Mercedes-Benz Group AG	-0.04
FFIE Faraday Future Intelligent Electric Inc.	-0.03
PAH3.DE Porsche Automobil Holding SE	-0.02
VOW.DE Volkswagen AG	-0
ARVL Arrival	0.02
NSANY Nissan Motor Co., Ltd.	0.03
FSR Fisker Inc.	0.03

Highest within Industry

Symbol	Correlation
TSLA Tesla, Inc.	0.32
GM General Motors Company	0.25
F Ford Motor Company	0.23
TTM Tata Motors Limited	0.2
TM Toyota Motor Corporation	0.15
HMC Honda Motor Co., Ltd.	0.14
BLBD Blue Bird Corporation	0.05
HYZN Hyzon Motors Inc.	0.04
FSR Fisker Inc.	0.03
NSANY Nissan Motor Co., Ltd.	0.03

Lowest within Industry

Symbol	Correlation
GOEV Canoo Inc.	-0.09
GP GreenPower Motor Company Inc.	-0.08
BMW.DE Bayerische Motoren Werke Aktiengesellschaft	-0.05
MBG.DE Mercedes-Benz Group AG	-0.04
FFIE Faraday Future Intelligent Electric Inc.	-0.03
PAH3.DE Porsche Automobil Holding SE	-0.02
VOW.DE Volkswagen AG	-0
ARVL Arrival	0.02
NSANY Nissan Motor Co., Ltd.	0.03
FSR Fisker Inc.	0.03

Highest within Industry

Symbol	Correlation
TSLA Tesla, Inc.	0.32
GM General Motors Company	0.25
F Ford Motor Company	0.23
TTM Tata Motors Limited	0.2
TM Toyota Motor Corporation	0.15
HMC Honda Motor Co., Ltd.	0.14
BLBD Blue Bird Corporation	0.05
HYZN Hyzon Motors Inc.	0.04
FSR Fisker Inc.	0.03
NSANY Nissan Motor Co., Ltd.	0.03

3 Month
1 Year
5 Years
Max

Lowest by Sector

Symbol	Correlation
BOXD Boxed, Inc.	-0.24
BQ Boqii Holding Limited	-0.24
HVT Haverty Furniture Companies, Inc.	-0.23
DIN Dine Brands Global, Inc.	-0.22
CNNE Cannae Holdings, Inc.	-0.22
AEO American Eagle Outfitters, Inc.	0.02
ANF Abercrombie & Fitch Co.	0.03
ATER Aterian, Inc.	-0.05
AGS PlayAGS, Inc.	-0.03
HBB Hamilton Beach Brands Holding Company	0.01

Highest by Sector

Symbol	Correlation
DKNG DraftKings Inc.	0.82
MELI MercadoLibre, Inc.	0.82
PTON Peloton Interactive, Inc.	0.78
TSLA Tesla, Inc.	0.75
ETSY Etsy, Inc.	0.74
F Ford Motor Company	0.23
CPNG Coupang, Inc.	0.36
CPRT Copart, Inc.	0.25
OSTK Overstock.com, Inc.	0.31
GM General Motors Company	0.25

Lowest by Sector

Symbol	Correlation
BFAM Bright Horizons Family Solutions Inc.	-0.17
DIN Dine Brands Global, Inc.	-0.16
INVZ Innoviz Technologies Ltd.	-0.15
FFHL Fuwei Films (Holdings) Co., Ltd.	-0.13
GP GreenPower Motor Company Inc.	-0.12
BOXD Boxed, Inc.	-0.08
CSV Carriage Services, Inc.	-0.1
GMBL Esports Entertainment Group, Inc.	-0.08
SMDS.L DS Smith Plc	0.02
GTIM Good Times Restaurants Inc.	-0.01

Highest by Sector

Symbol	Correlation
TSLA Tesla, Inc.	0.53
OSTK Overstock.com, Inc.	0.47
MELI MercadoLibre, Inc.	0.46
ETSY Etsy, Inc.	0.45
GME GameStop Corp.	0.44
DKNG DraftKings Inc.	0.32
LULU Lululemon Athletica Inc.	0.26
CPNG Coupang, Inc.	0.36
F Ford Motor Company	0.23
CPRT Copart, Inc.	0.25

Lowest by Sector

Symbol	Correlation
BFAM Bright Horizons Family Solutions Inc.	-0.12
INVZ Innoviz Technologies Ltd.	-0.11
CSV Carriage Services, Inc.	-0.1
FLWS 1-800-FLOWERS.COM, Inc.	-0.1
DIN Dine Brands Global, Inc.	-0.1
GOEV Canoo Inc.	-0.09
DTC Solo Brands, Inc.	-0.08
CTHR Charles & Colvard, Ltd.	-0.08
DS Drive Shack Inc.	-0.08
GP GreenPower Motor Company Inc.	-0.08

Highest by Sector

Symbol	Correlation
CPNG Coupang, Inc.	0.36
MELI MercadoLibre, Inc.	0.35
BIRD Allbirds, Inc.	0.34
ETSY Etsy, Inc.	0.34
TSLA Tesla, Inc.	0.32
DKNG DraftKings Inc.	0.32
OSTK Overstock.com, Inc.	0.31
PDD Pinduoduo Inc.	0.27
LULU Lululemon Athletica Inc.	0.26
CPRT Copart, Inc.	0.25

Lowest by Sector

Symbol	Correlation
BFAM Bright Horizons Family Solutions Inc.	-0.12
INVZ Innoviz Technologies Ltd.	-0.11
CSV Carriage Services, Inc.	-0.1
FLWS 1-800-FLOWERS.COM, Inc.	-0.1
DIN Dine Brands Global, Inc.	-0.1
GOEV Canoo Inc.	-0.09
DTC Solo Brands, Inc.	-0.08
CTHR Charles & Colvard, Ltd.	-0.08
DS Drive Shack Inc.	-0.08
GP GreenPower Motor Company Inc.	-0.08

Highest by Sector

Symbol	Correlation
CPNG Coupang, Inc.	0.36
MELI MercadoLibre, Inc.	0.35
BIRD Allbirds, Inc.	0.34
ETSY Etsy, Inc.	0.34
TSLA Tesla, Inc.	0.32
DKNG DraftKings Inc.	0.32
OSTK Overstock.com, Inc.	0.31
PDD Pinduoduo Inc.	0.27
LULU Lululemon Athletica Inc.	0.26
CPRT Copart, Inc.	0.25

3 Month
1 Year
5 Years
Max

Lowest Overall

Symbol	Correlation
CLDS Direxion Daily Cloud Computing Bear 2X Shares	-0.82
SRTY ProShares UltraPro Short Russell2000	-0.77
HFFG HF Foods Group Inc.	-0.43
HAE Haemonetics Corporation	-0.41
CLVT Clarivate Plc	-0.37
HRZN Horizon Technology Finance Corporation	-0.01
AGAC African Gold Acquisition Corporation	-0.1
HART IQ Healthy Hearts ETF	-0.04
CWCO Consolidated Water Co. Ltd.	-0.09
HMTV Hemisphere Media Group, Inc.	-0.02

Highest Overall

Symbol	Correlation
ARKW ARK Next Generation Internet ETF	0.9
ARKF ARK Fintech Innovation ETF	0.9
ARKK ARK Innovation ETF	0.89
SQ Block, Inc.	0.87
ASAN Asana, Inc.	0.85
DASH DoorDash, Inc.	0.29
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.41
CRNC Cerence Inc.	0.3
DKNG DraftKings Inc.	0.32
DRIV Global X Autonomous & Electric Vehicles ETF	0.37

Lowest Overall

Symbol	Correlation
SRTY ProShares UltraPro Short Russell2000	-0.51
CLDS Direxion Daily Cloud Computing Bear 2X Shares	-0.5
INTE Integral Acquisition Corporation 1	-0.29
AFRI Forafric Global PLC	-0.29
GAQ Generation Asia I Acquisition Limited	-0.23
FRBNU Forbion European Acquisition Corp.	-0.23
ACAX Alset Capital Acquisition Corp.	-0.21
GGAA Genesis Growth Tech Acquisition Corp.	-0.21
APLS Apellis Pharmaceuticals, Inc.	-0.13
DLNG Dynagas LNG Partners LP	-0.09

Highest Overall

Symbol	Correlation
ARKK ARK Innovation ETF	0.61
IOT Samsara Inc.	0.61
NU Nu Holdings Ltd.	0.6
ARKW ARK Next Generation Internet ETF	0.6
ARKF ARK Fintech Innovation ETF	0.59
IQM Franklin Intelligent Machines ETF	0.4
PLUG Plug Power Inc.	0.35
COIN Coinbase Global, Inc.	0.52
APP AppLovin Corporation	0.46
DRIV Global X Autonomous & Electric Vehicles ETF	0.37

Lowest Overall

Symbol	Correlation
CLDS Direxion Daily Cloud Computing Bear 2X Shares	-0.4
SRTY ProShares UltraPro Short Russell2000	-0.34
INTE Integral Acquisition Corporation 1	-0.29
AFRI Forafric Global PLC	-0.29
GAQ Generation Asia I Acquisition Limited	-0.23
FRBNU Forbion European Acquisition Corp.	-0.23
ACAX Alset Capital Acquisition Corp.	-0.21
GGAA Genesis Growth Tech Acquisition Corp.	-0.21
GSQD G Squared Ascend I Inc.	-0.21
CLAY Chavant Capital Acquisition Corp.	-0.2

Highest Overall

Symbol	Correlation
IOT Samsara Inc.	0.61
NU Nu Holdings Ltd.	0.6
COIN Coinbase Global, Inc.	0.52
APP AppLovin Corporation	0.46
ARKF ARK Fintech Innovation ETF	0.46
ARKK ARK Innovation ETF	0.45
ARKW ARK Next Generation Internet ETF	0.45
RBLX Roblox Corporation	0.43
DOCN DigitalOcean Holdings, Inc.	0.43
ZIP ZipRecruiter, Inc.	0.42

Lowest Overall

Symbol	Correlation
CLDS Direxion Daily Cloud Computing Bear 2X Shares	-0.4
SRTY ProShares UltraPro Short Russell2000	-0.34
INTE Integral Acquisition Corporation 1	-0.29
AFRI Forafric Global PLC	-0.29
GAQ Generation Asia I Acquisition Limited	-0.23
FRBNU Forbion European Acquisition Corp.	-0.23
ACAX Alset Capital Acquisition Corp.	-0.21
GGAA Genesis Growth Tech Acquisition Corp.	-0.21
GSQD G Squared Ascend I Inc.	-0.21
CLAY Chavant Capital Acquisition Corp.	-0.2

Highest Overall

Symbol	Correlation
IOT Samsara Inc.	0.61
NU Nu Holdings Ltd.	0.6
COIN Coinbase Global, Inc.	0.52
APP AppLovin Corporation	0.46
ARKF ARK Fintech Innovation ETF	0.46
ARKK ARK Innovation ETF	0.45
ARKW ARK Next Generation Internet ETF	0.45
RBLX Roblox Corporation	0.43
DOCN DigitalOcean Holdings, Inc.	0.43
ZIP ZipRecruiter, Inc.	0.42

Profile

Sector:: Consumer Cyclical
Industry:: Auto Manufacturers

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

Fred says:

May 3, 2022 at 5:57 pm

How can I use this information in my favor?

- rockiger says:
  
  May 3, 2022 at 11:09 pm
  I have compiled some information on the homepage. There are mainly 3 areas where you can use correlations:
  - Reduce the risk of a portfolio and ensure that assets are not overly correlated.
  - Find alternatives to hard-to-trade assets. For example, it is difficult for a retail investor to trade oil. Therefore, it may make sense to look for investments that strongly correlate with the oil price.
  - To bet against the price of a security with a negative correlation. If you think a certain stock is overvalued, you can search for stocks with a negative correlation and invest in them, thus creating an implicit short position. This method is much less risky than typical methods such as shorts and put options – which can result in a loss of over 100%.

Lucid Group, Inc. (LCID)

Correlations

Lowest within Industry

Highest within Industry

Lowest within Industry

Highest within Industry

Lowest within Industry

Highest within Industry

Lowest within Industry

Highest within Industry

Lowest by Sector

Highest by Sector

Lowest by Sector

Highest by Sector

Lowest by Sector

Highest by Sector

Lowest by Sector

Highest by Sector

Lowest Overall

Highest Overall

Lowest Overall

Highest Overall

Lowest Overall

Highest Overall

Lowest Overall

Highest Overall

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