Allison Transmission Correlations

ALSN Stock

USD 99.04 0.33 0.33%

The current 90-days correlation between Allison Transmission and Gentex is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allison Transmission moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allison Transmission Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Allison Transmission Correlation With Market

Very weak diversification

The correlation between Allison Transmission Holdings 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 Allison Transmission Holdings 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 Allison Transmission Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Allison Stock

0.72	VSTE	Vast Renewables	Pair Corr
0.69	EFSH	1847 Holdings LLC	Pair Corr
0.72	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.71	GFF	Griffon	Pair Corr
0.73	FSTR	LB Foster	Pair Corr
0.83	MLR	Miller Industries	Pair Corr
0.67	MPU	Mega Matrix Corp	Pair Corr
0.73	RUN	Sunrun Inc	Pair Corr
0.77	SOL	Emeren Group	Pair Corr
0.92	WAB	Westinghouse Air Brake	Pair Corr
0.7	ZEO	Zeo Energy Corp	Pair Corr
0.76	HYLN	Hyliion Holdings Corp	Pair Corr
0.65	ARRY	Array Technologies	Pair Corr
0.64	SHLS	Shoals Technologies	Pair Corr
0.72	SMXT	Solarmax Technology	Pair Corr
0.63	BEEM	Beam Global	Pair Corr
0.62	IP	International Paper	Pair Corr
0.71	SW	Smurfit WestRock plc	Pair Corr
0.86	F-PB	Ford Motor	Pair Corr
0.84	F-PC	Ford Motor Potential Growth	Pair Corr
0.86	F-PD	F PD	Pair Corr
0.75	FIGS	Figs Inc	Pair Corr
0.76	AIN	Albany International	Pair Corr
0.63	AVY	Avery Dennison Corp	Pair Corr
0.83	CWH	Camping World Holdings	Pair Corr

Moving against Allison Stock

0.76	EFOI	Energy Focu	Pair Corr
0.61	BBU	Brookfield Business	Pair Corr
0.37	OI	O I Glass	Pair Corr
0.8	ECX	ECARX Holdings Class	Pair Corr
0.37	CCK	Crown Holdings	Pair Corr
0.31	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	GNTX	ADNT	ALV	FOXF	DAN	APTV	LKQ	LEA	MGA	AXL
GNTX		0.63	0.21	0.9	-0.61	-0.71	-0.73	-0.27	0.9	0.78	GNTX
ADNT	0.63		0.57	0.65	-0.03	-0.14	-0.75	-0.01	0.77	0.83	ADNT
ALV	0.21	0.57		0.32	0.32	0.39	-0.03	0.26	0.29	0.48	ALV
FOXF	0.9	0.65	0.32		-0.6	-0.57	-0.67	-0.27	0.86	0.83	FOXF
DAN	-0.61	-0.03	0.32	-0.6		0.74	0.36	0.44	-0.49	-0.4	DAN
APTV	-0.71	-0.14	0.39	-0.57	0.74		0.62	0.61	-0.5	-0.36	APTV
LKQ	-0.73	-0.75	-0.03	-0.67	0.36	0.62		0.41	-0.75	-0.68	LKQ
LEA	-0.27	-0.01	0.26	-0.27	0.44	0.61	0.41		0.02	-0.11	LEA
MGA	0.9	0.77	0.29	0.86	-0.49	-0.5	-0.75	0.02		0.82	MGA
AXL	0.78	0.83	0.48	0.83	-0.4	-0.36	-0.68	-0.11	0.82		AXL
	GNTX	ADNT	ALV	FOXF	DAN	APTV	LKQ	LEA	MGA	AXL

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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

FOXF	+ 0.9	GNTX
MGA	+ 0.9	GNTX
MGA	+ 0.86	FOXF
AXL	+ 0.83	ADNT
AXL	+ 0.83	FOXF
AXL	+ 0.82	MGA

High negative correlations

MGA	- 0.75	LKQ
LKQ	- 0.75	ADNT
LKQ	- 0.73	GNTX
APTV	- 0.71	GNTX
AXL	- 0.68	LKQ
LKQ	- 0.67	FOXF

Risk-Adjusted Indicators

There is a big difference between Allison Stock performing well and Allison Transmission 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 Allison Transmission'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	1.20	(0.25)	0.00	2.00	0.00	0.00	2.19	(2.29)	10.85
ADNT	2.25	(0.30)	0.00	(0.24)	0.00	0.00	4.09	(4.95)	10.62
ALV	1.50	0.04	0.02	0.01	1.99	(1.40)	3.06	(3.17)	9.68
FOXF	1.94	(0.16)	0.00	(0.13)	0.00	0.00	3.00	(4.07)	15.53
DAN	2.18	0.36	0.13	0.19	2.46	(2.26)	5.46	(3.75)	19.62
APTV	1.23	0.16	0.09	0.15	1.64	(1.30)	2.59	(2.49)	7.37
LKQ	1.10	0.23	0.19	0.60	1.11	(1.23)	1.94	(1.99)	9.02
LEA	1.47	(0.02)	0.00	(0.05)	0.00	0.00	2.31	(2.86)	8.61
MGA	1.61	(0.18)	0.00	(0.17)	0.00	0.00	2.59	(4.42)	11.48
AXL	2.31	(0.40)	0.00	(0.39)	0.00	0.00	3.24	(4.76)	17.72

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