A comparison between 
TSLA and 
NIO
Trader point of view:
Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together!
NIO/Tesla price ratio YTD:
How you can benefit from this?
When NIO/Tesla reaches 0.08, sell NIO, and when it is near 0.05 Buy NIO
If you are a trader and love to work on volatility, Buyin and Shorting NIO will always be better than Tesla!
Investor point of view:
If you are an investor, investing in tesla would be a better option for you because of lower volatility and better performance! however, I recommend investing in neither Tesla nor NIO.
Because:
They both have experienced a decrease in trading volume in 2021, and made lower high patterns in weekly charts:
TSLA and NIOTrader point of view:
Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together!
NIO/Tesla price ratio YTD:
How you can benefit from this?
When NIO/Tesla reaches 0.08, sell NIO, and when it is near 0.05 Buy NIO
If you are a trader and love to work on volatility, Buyin and Shorting NIO will always be better than Tesla!
Investor point of view:
If you are an investor, investing in tesla would be a better option for you because of lower volatility and better performance! however, I recommend investing in neither Tesla nor NIO.
Because:
They both have experienced a decrease in trading volume in 2021, and made lower high patterns in weekly charts:
Заметка
Another example:Apple vs Microsoft
Заметка
I use this indicator for correlation: developed by balipour..!tradingview.com/v/AFYOSCoG/
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.