Correlation
The correlation between PSNY and LCID is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PSNY vs. LCID
Compare and contrast key facts about Polestar Automotive Holding UK PLC Class A ADS (PSNY) and Lucid Group, Inc. (LCID).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSNY or LCID.
Performance
PSNY vs. LCID - Performance Comparison
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Key characteristics
PSNY:
0.53
LCID:
-0.16
PSNY:
1.30
LCID:
0.30
PSNY:
1.15
LCID:
1.03
PSNY:
0.40
LCID:
-0.14
PSNY:
1.17
LCID:
-0.40
PSNY:
32.88%
LCID:
33.55%
PSNY:
92.59%
LCID:
77.83%
PSNY:
-95.16%
LCID:
-96.54%
PSNY:
-91.69%
LCID:
-95.85%
Fundamentals
PSNY:
$2.32B
LCID:
$8.05B
PSNY:
-$0.97
LCID:
-$1.19
PSNY:
1.14
LCID:
9.25
PSNY:
1.73
LCID:
2.52
PSNY:
$1.66B
LCID:
$870.14M
PSNY:
-$432.55M
LCID:
-$919.57M
PSNY:
-$208.21M
LCID:
-$2.47B
Returns By Period
In the year-to-date period, PSNY achieves a 2.86% return, which is significantly higher than LCID's -20.20% return.
PSNY
2.86%
-0.46%
-0.92%
48.43%
N/A
N/A
N/A
LCID
-20.20%
-5.86%
11.06%
-12.36%
-50.47%
N/A
N/A
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Risk-Adjusted Performance
PSNY vs. LCID — Risk-Adjusted Performance Rank
PSNY
LCID
PSNY vs. LCID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Polestar Automotive Holding UK PLC Class A ADS (PSNY) and Lucid Group, Inc. (LCID). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PSNY vs. LCID - Dividend Comparison
Neither PSNY nor LCID has paid dividends to shareholders.
Drawdowns
PSNY vs. LCID - Drawdown Comparison
The maximum PSNY drawdown since its inception was -95.16%, roughly equal to the maximum LCID drawdown of -96.54%. Use the drawdown chart below to compare losses from any high point for PSNY and LCID.
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Volatility
PSNY vs. LCID - Volatility Comparison
The current volatility for Polestar Automotive Holding UK PLC Class A ADS (PSNY) is 19.96%, while Lucid Group, Inc. (LCID) has a volatility of 23.06%. This indicates that PSNY experiences smaller price fluctuations and is considered to be less risky than LCID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PSNY vs. LCID - Financials Comparison
This section allows you to compare key financial metrics between Polestar Automotive Holding UK PLC Class A ADS and Lucid Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities