Americas Car Correlations

CRMT Stock

USD 47.21 0.66 1.42%

The current 90-days correlation between Americas Car Mart and Sonic Automotive is 0.44 (i.e., Very weak diversification). The correlation of Americas Car 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.

Americas Car Correlation With Market

Modest diversification

The correlation between Americas Car Mart and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americas Car Mart 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 Americas Car Mart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Americas Stock

0.61	NEGG	Newegg Commerce	Pair Corr
0.66	VC	Visteon Corp	Pair Corr
0.73	DOOO	BRP Inc Earnings Call Today	Pair Corr

Moving against Americas Stock

0.79	CPNG	Coupang LLC	Pair Corr
0.7	LOW	Lowes Companies	Pair Corr
0.65	HD	Home Depot Sell-off Trend	Pair Corr
0.62	TTSH	Tile Shop Holdings	Pair Corr
0.55	FNKO	Funko Inc	Pair Corr
0.41	UCAR	U Power Limited	Pair Corr
0.39	BC	Brunswick	Pair Corr
0.32	GLBE	Global E Online	Pair Corr
0.73	LI	Li Auto Buyout Trend	Pair Corr
0.71	ZK	ZEEKR Intelligent	Pair Corr
0.62	DOGZ	Dogness International Upward Rally	Pair Corr
0.54	BYD	Boyd Gaming	Pair Corr
0.51	SG	Sweetgreen	Pair Corr
0.48	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.46	IH	Ihuman Inc	Pair Corr
0.41	BWA	BorgWarner	Pair Corr
0.4	FOSL	Fossil Group	Pair Corr
0.38	VEEE	Twin Vee Powercats	Pair Corr

Related Correlations Analysis

	SAH	LAD	AN	ABG	PAG	GPI
SAH		0.81	0.37	0.93	0.75	0.9	SAH
LAD	0.81		0.04	0.86	0.35	0.79	LAD
AN	0.37	0.04		0.32	0.81	0.46	AN
ABG	0.93	0.86	0.32		0.67	0.89	ABG
PAG	0.75	0.35	0.81	0.67		0.68	PAG
GPI	0.9	0.79	0.46	0.89	0.68		GPI
	SAH	LAD	AN	ABG	PAG	GPI

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Risk-Adjusted Indicators

There is a big difference between Americas Stock performing well and Americas Car 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 Americas Car'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	1.84	(0.07)	0.04	0.08	1.80	(2.28)	4.60	(3.31)	13.17
LAD	1.73	0.22	0.16	0.25	1.59	(2.07)	3.52	(3.18)	13.35
AN	1.52	(0.20)	(0.05)	0.00	1.91	(1.50)	3.73	(3.00)	8.95
ABG	1.68	(0.07)	0.01	0.07	1.69	(1.77)	3.95	(2.67)	9.76
PAG	1.19	(0.15)	(0.08)	0.00	1.48	(1.32)	2.57	(2.44)	6.04
GPI	1.62	0.05	0.07	0.14	1.52	(1.86)	3.29	(2.70)	11.29

Americas Car Corporate Management

Vickie CPA	Chief Officer	Profile
Brian Stone	Executive Inventory	Profile
Holly Thomson	Chief Officer	Profile
Leonard Walthall	Field Operations Officer	Profile
Jamie Fischer	Chief Officer	Profile

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