Holley Correlations

HLLY Stock

USD 2.47 0.07 2.92%

The current 90-days correlation between Holley Inc and Monro Muffler Brake is 0.12 (i.e., Average 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.

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

0.63	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.73	WKSP	Worksport	Pair Corr
0.64	LOT	Lotus Technology American	Pair Corr
0.66	XPEL	Xpel Inc	Pair Corr
0.67	SEG	Seaport Entertainment	Pair Corr
0.61	SMP	Standard Motor Products	Pair Corr

Moving against Holley Stock

0.74	ECX	ECARX Holdings Class	Pair Corr
0.52	LI	Li Auto	Pair Corr
0.36	ZK	ZEEKR Intelligent	Pair Corr
0.64	PEV	Phoenix Motor Common	Pair Corr
0.64	XPEV	Xpeng Inc	Pair Corr
0.61	NIU	Niu Technologies Earnings Call Today	Pair Corr
0.49	KNDI	Kandi Technologies	Pair Corr
0.37	NIO	Nio Class A	Pair Corr
0.35	HSAI	Hesai Group American	Pair Corr

Related Correlations Analysis

	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI
DORM		0.58	0.54	0.67	0.37	0.02	-0.26	0.53	0.19	0.58	DORM
MNRO	0.58		0.74	0.74	0.04	-0.45	-0.49	0.59	0.06	0.83	MNRO
SMP	0.54	0.74		0.29	0.49	0.09	-0.54	0.58	0.25	0.82	SMP
SRI	0.67	0.74	0.29		-0.06	-0.49	-0.2	0.56	-0.02	0.64	SRI
CPS	0.37	0.04	0.49	-0.06		0.64	-0.16	0.24	0.37	0.27	CPS
PLOW	0.02	-0.45	0.09	-0.49	0.64		0.32	0.07	0.38	-0.15	PLOW
MPAA	-0.26	-0.49	-0.54	-0.2	-0.16	0.32		0.16	0.27	-0.5	MPAA
VC	0.53	0.59	0.58	0.56	0.24	0.07	0.16		0.47	0.68	VC
LEA	0.19	0.06	0.25	-0.02	0.37	0.38	0.27	0.47		0.05	LEA
CVGI	0.58	0.83	0.82	0.64	0.27	-0.15	-0.5	0.68	0.05		CVGI
	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI

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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

CVGI	+ 0.83	MNRO
CVGI	+ 0.82	SMP
SMP	+ 0.74	MNRO
SRI	+ 0.74	MNRO
CVGI	+ 0.68	VC
SRI	+ 0.67	DORM

High negative correlations

MPAA	- 0.54	SMP
CVGI	- 0.5	MPAA
PLOW	- 0.49	SRI
MPAA	- 0.49	MNRO
PLOW	- 0.45	MNRO
MPAA	- 0.26	DORM

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	1.22	(0.09)	0.00	(0.20)	0.00	0.00	2.60	(3.19)	7.99
MNRO	1.71	(0.64)	0.00	(1.06)	0.00	0.00	2.69	(4.22)	9.63
SMP	1.13	(0.35)	0.00	(0.66)	0.00	0.00	1.78	(2.30)	7.53
SRI	3.55	(0.06)	0.00	(0.12)	0.00	0.00	6.68	(8.80)	31.78
CPS	2.57	0.11	0.00	(0.04)	0.00	0.00	4.68	(5.36)	24.09
PLOW	1.21	0.02	0.00	(0.07)	0.00	0.00	2.37	(2.91)	9.53
MPAA	3.76	0.71	0.21	0.59	3.24	(4.90)	11.22	(5.33)	22.07
VC	1.38	(0.14)	0.00	(0.25)	0.00	0.00	2.05	(3.09)	8.41
LEA	1.38	0.01	0.00	(0.09)	0.00	0.00	2.27	(2.86)	8.61
CVGI	3.01	(0.50)	0.00	(0.41)	0.00	0.00	6.39	(6.85)	22.75

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

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