Adient PLC Correlations

ADNT Stock

USD 19.26 0.02 0.10%

The current 90-days correlation between Adient PLC and Autoliv is 0.67 (i.e., Poor diversification). The correlation of Adient PLC 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Adient PLC Correlation With Market

Very weak diversification

The correlation between Adient PLC and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adient PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adient PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Adient Stock please use our How to Invest in Adient PLC guide.

Moving together with Adient Stock

0.88	FOXF	Fox Factory Holding	Pair Corr
0.85	DAN	Dana Inc	Pair Corr
0.85	LEA	Lear	Pair Corr
0.71	SRI	Stoneridge	Pair Corr
0.74	KNDI	Kandi Technologies	Pair Corr
0.67	LCID	Lucid Group Aggressive Push	Pair Corr
0.74	XOSWW	Xos Equity Warrants	Pair Corr
0.84	APTV	Aptiv PLC	Pair Corr

Moving against Adient Stock

0.69	DORM	Dorman Products	Pair Corr
0.55	NWTN	NWTN Class B	Pair Corr
0.65	LB	LandBridge Company	Pair Corr
0.6	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.6	DOGZ	Dogness International Upward Rally	Pair Corr
0.56	BH	Biglari Holdings	Pair Corr
0.45	RL	Ralph Lauren Corp	Pair Corr
0.43	SG	Sweetgreen	Pair Corr

Related Correlations Analysis

	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO
GNTX		0.5	-0.14	-0.11	0.0	0.44	0.61	0.25	-0.01	0.27	GNTX
ALV	0.5		-0.39	-0.14	0.01	0.63	0.39	0.32	-0.23	0.08	ALV
FOXF	-0.14	-0.39		0.83	0.82	-0.13	0.41	-0.77	0.85	-0.2	FOXF
DAN	-0.11	-0.14	0.83		0.84	0.1	0.42	-0.69	0.75	-0.23	DAN
LEA	0.0	0.01	0.82	0.84		0.04	0.66	-0.8	0.87	-0.39	LEA
AXL	0.44	0.63	-0.13	0.1	0.04		0.34	0.46	-0.23	0.53	AXL
VC	0.61	0.39	0.41	0.42	0.66	0.34		-0.38	0.55	-0.12	VC
ALSN	0.25	0.32	-0.77	-0.69	-0.8	0.46	-0.38		-0.89	0.7	ALSN
CVGI	-0.01	-0.23	0.85	0.75	0.87	-0.23	0.55	-0.89		-0.45	CVGI
MNRO	0.27	0.08	-0.2	-0.23	-0.39	0.53	-0.12	0.7	-0.45		MNRO
	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO

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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

CVGI	+ 0.87	LEA
CVGI	+ 0.85	FOXF
LEA	+ 0.84	DAN
DAN	+ 0.83	FOXF
LEA	+ 0.82	FOXF
CVGI	+ 0.75	DAN

High negative correlations

CVGI	- 0.89	ALSN
ALSN	- 0.8	LEA
ALSN	- 0.77	FOXF
ALSN	- 0.69	DAN
MNRO	- 0.45	CVGI
MNRO	- 0.39	LEA

Risk-Adjusted Indicators

There is a big difference between Adient Stock performing well and Adient PLC 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 Adient PLC'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
GNTX	1.14	(0.10)	0.00	(0.02)	0.00	0.00	2.24	(2.36)	7.93
ALV	1.53	(0.13)	0.00	(0.01)	0.00	0.00	2.80	(3.14)	8.85
FOXF	1.96	(0.56)	0.00	(0.17)	0.00	0.00	3.31	(4.97)	15.31
DAN	2.70	(0.47)	0.00	(0.05)	0.00	0.00	4.06	(5.70)	22.77
LEA	1.48	(0.42)	0.00	(0.21)	0.00	0.00	3.00	(3.53)	9.76
AXL	2.01	(0.20)	(0.03)	0.02	2.17	(2.27)	5.00	(3.27)	12.38
VC	1.63	(0.30)	0.00	(0.11)	0.00	0.00	3.18	(4.17)	9.85
ALSN	1.18	0.27	0.27	0.30	0.76	(1.43)	2.73	(1.39)	9.25
CVGI	3.05	(0.88)	0.00	(0.21)	0.00	0.00	7.11	(6.06)	30.58
MNRO	1.49	(0.11)	(0.03)	0.04	1.64	(1.71)	4.55	(2.57)	10.48

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