AutoNation Correlations
| AN Stock | USD 163.30 0.89 0.54% |
The current 90-days correlation between AutoNation and Sonic Automotive is 0.78 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoNation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoNation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
AutoNation Correlation With Market
Poor diversification
The correlation between AutoNation and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AutoNation and DJI in the same portfolio, assuming nothing else is changed.
AutoNation |
Moving together with AutoNation Stock
| 0.69 | W | Wayfair | PairCorr |
| 0.83 | DIBS | 1StdibsCom | PairCorr |
| 0.7 | WRBY | Warby Parker | PairCorr |
| 0.75 | FLWS | 1 800 FLOWERSCOM | PairCorr |
| 0.9 | ABG | Asbury Automotive | PairCorr |
| 0.68 | FNKO | Funko Inc | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between AutoNation Stock performing well and AutoNation 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 AutoNation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAH | 1.44 | 0.04 | 0.00 | (0.06) | 0.00 | 2.81 | 11.27 | |||
| LAD | 1.52 | (0.19) | 0.00 | (0.24) | 0.00 | 3.47 | 10.18 | |||
| ABG | 1.71 | 0.09 | 0.00 | (0.04) | 0.00 | 3.85 | 18.09 | |||
| PAG | 1.36 | 0.03 | 0.00 | (0.07) | 0.00 | 2.12 | 12.10 | |||
| GPI | 1.29 | 0.02 | 0.00 | (0.08) | 0.00 | 2.47 | 13.30 |