Holley Correlations

HLLY Stock

USD 2.90 0.01 0.35%

The current 90-days correlation between Holley Inc and Monro Muffler Brake is -0.17 (i.e., Good diversification). The correlation of Holley 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.

Holley Correlation With Market

Weak diversification

The correlation between Holley Inc and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holley Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Holley Stock

0.71

INVZ

Innoviz Technologies Earnings Call Today

Pair Corr

Moving against Holley Stock

0.35	NIO	Nio Class A	Pair Corr
0.42	NWTN	NWTN Class B	Pair Corr
0.39	MULN	Mullen Automotive	Pair Corr
0.37	ADNT	Adient PLC	Pair Corr
0.35	DIBS	1StdibsCom	Pair Corr
0.44	DOGZ	Dogness International Earnings Call Today	Pair Corr
0.35	DNUT	Krispy Kreme	Pair Corr

Related Correlations Analysis

	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI
DORM		0.78	0.85	0.78	0.24	0.16	-0.21	0.75	0.51	0.76	DORM
MNRO	0.78		0.66	0.93	-0.18	-0.27	-0.13	0.75	0.26	0.87	MNRO
SMP	0.85	0.66		0.64	0.33	0.35	0.11	0.84	0.78	0.68	SMP
SRI	0.78	0.93	0.64		-0.1	-0.34	-0.21	0.74	0.25	0.9	SRI
CPS	0.24	-0.18	0.33	-0.1		0.7	-0.01	0.08	0.35	0.0	CPS
PLOW	0.16	-0.27	0.35	-0.34	0.7		0.22	0.1	0.51	-0.26	PLOW
MPAA	-0.21	-0.13	0.11	-0.21	-0.01	0.22		0.32	0.37	-0.12	MPAA
VC	0.75	0.75	0.84	0.74	0.08	0.1	0.32		0.66	0.76	VC
LEA	0.51	0.26	0.78	0.25	0.35	0.51	0.37	0.66		0.29	LEA
CVGI	0.76	0.87	0.68	0.9	0.0	-0.26	-0.12	0.76	0.29		CVGI
	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SRI	+ 0.93	MNRO
CVGI	+ 0.9	SRI
CVGI	+ 0.87	MNRO
SMP	+ 0.85	DORM
VC	+ 0.84	SMP
MNRO	+ 0.78	DORM

High negative correlations

PLOW	- 0.34	SRI
PLOW	- 0.27	MNRO
CVGI	- 0.26	PLOW
MPAA	- 0.21	SRI
MPAA	- 0.21	DORM
CPS	- 0.18	MNRO

Risk-Adjusted Indicators

There is a big difference between Holley Stock performing well and Holley 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 Holley'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
DORM	1.08	(0.10)	0.00	(0.12)	0.00	0.00	2.06	(2.29)	5.07
MNRO	1.64	(0.66)	0.00	1.64	0.00	0.00	3.02	(4.22)	12.30
SMP	1.16	(0.07)	0.00	(0.10)	0.00	0.00	1.93	(2.14)	6.68
SRI	2.86	(0.55)	0.00	(0.36)	0.00	0.00	5.26	(6.54)	21.96
CPS	2.53	0.07	0.02	0.12	3.14	(2.86)	4.68	(5.36)	24.09
PLOW	1.08	0.05	0.03	(0.35)	1.49	(1.03)	2.36	(2.91)	6.34
MPAA	3.61	0.82	0.25	1.19	2.99	(4.54)	10.61	(5.07)	21.74
VC	1.45	(0.01)	(0.01)	(0.01)	1.87	(1.50)	3.27	(3.23)	8.76
LEA	1.28	0.05	0.03	0.08	1.76	(1.18)	2.31	(2.86)	7.29
CVGI	2.64	(0.24)	0.00	(0.29)	0.00	0.00	6.39	(5.69)	19.50

Holley Corporate Management

Thomas Tomlinson	CEO Pres	Profile
Patrick Pierce	Chief Officer	Profile
Philip Dobbs	Senior Marketing	Profile
Sean Crawford	Chief Officer	Profile
Stephen Trussell	VP CFO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC