Dorman Products Correlations

DORM Stock

USD 125.45 1.06 0.84%

The current 90-days correlation between Dorman Products and Standard Motor Products is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dorman Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorman Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dorman Products Correlation With Market

Very weak diversification

The correlation between Dorman Products and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dorman Products and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorman Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.

Moving against Dorman Stock

0.41	HMC	Honda Motor	Pair Corr
0.54	COE	51Talk Online Education	Pair Corr
0.45	AGS	PlayAGS	Pair Corr
0.44	EVRI	Everi Holdings	Pair Corr
0.32	DAO	Youdao Inc	Pair Corr

Related Correlations Analysis

	SMP	MPAA	PLOW	SRI	MNRO	CPS	SUP	THRM	VC	GNTX
SMP		-0.58	0.11	0.23	0.72	0.33	0.13	0.83	0.54	0.64	SMP
MPAA	-0.58		0.29	-0.27	-0.52	-0.09	-0.3	-0.78	0.14	-0.55	MPAA
PLOW	0.11	0.29		-0.57	-0.46	0.58	-0.33	-0.25	0.08	-0.44	PLOW
SRI	0.23	-0.27	-0.57		0.72	-0.17	0.36	0.57	0.45	0.81	SRI
MNRO	0.72	-0.52	-0.46	0.72		-0.07	0.35	0.87	0.55	0.93	MNRO
CPS	0.33	-0.09	0.58	-0.17	-0.07		0.25	0.17	0.13	0.04	CPS
SUP	0.13	-0.3	-0.33	0.36	0.35	0.25		0.4	-0.01	0.44	SUP
THRM	0.83	-0.78	-0.25	0.57	0.87	0.17	0.4		0.39	0.86	THRM
VC	0.54	0.14	0.08	0.45	0.55	0.13	-0.01	0.39		0.56	VC
GNTX	0.64	-0.55	-0.44	0.81	0.93	0.04	0.44	0.86	0.56		GNTX
	SMP	MPAA	PLOW	SRI	MNRO	CPS	SUP	THRM	VC	GNTX

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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

GNTX	+ 0.93	MNRO
THRM	+ 0.87	MNRO
GNTX	+ 0.86	THRM
THRM	+ 0.83	SMP
GNTX	+ 0.81	SRI
MNRO	+ 0.72	SMP

High negative correlations

THRM	- 0.78	MPAA
MPAA	- 0.58	SMP
SRI	- 0.57	PLOW
GNTX	- 0.55	MPAA
MNRO	- 0.52	MPAA
MNRO	- 0.46	PLOW

Risk-Adjusted Indicators

There is a big difference between Dorman Stock performing well and Dorman Products 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 Dorman Products' 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
SMP	1.17	(0.31)	0.00	(0.56)	0.00	0.00	1.78	(2.30)	7.53
MPAA	3.74	0.50	0.14	0.47	3.36	(4.85)	11.22	(5.33)	22.07
PLOW	1.21	0.01	0.00	(0.06)	0.00	0.00	2.37	(2.91)	9.53
SRI	3.55	(0.32)	0.00	0.41	0.00	0.00	6.68	(8.80)	31.78
MNRO	1.72	(0.71)	0.00	2.41	0.00	0.00	2.69	(4.22)	9.63
CPS	2.81	0.38	0.10	0.14	3.12	(3.35)	5.09	(5.36)	24.09
SUP	3.21	0.27	0.07	0.18	3.83	(3.85)	6.47	(5.83)	28.51
THRM	1.46	(0.51)	0.00	(1.80)	0.00	0.00	2.62	(3.81)	10.49
VC	1.40	(0.13)	0.00	(0.21)	0.00	0.00	2.05	(3.09)	8.41
GNTX	1.19	(0.30)	0.00	(0.56)	0.00	0.00	2.19	(2.29)	10.85

Dorman Products Corporate Management

Joseph Braun	General VP	Profile
Michael Dempsey	VP Chain	Profile
Jeffery Darby	Senior Marketing	Profile
Donna Long	Senior Officer	Profile
Scott Leff	Senior Officer	Profile

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