Monro Muffler Correlations

MNRO Stock

USD 17.20 0.15 0.88%

The current 90-days correlation between Monro Muffler Brake and Motorcar Parts of is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monro Muffler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monro Muffler Brake moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Monro Muffler Correlation With Market

Modest diversification

The correlation between Monro Muffler Brake and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monro Muffler Brake and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. 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.

Moving together with Monro Stock

0.64	M	Macys Inc	Pair Corr
0.64	RH	RH Earnings Call This Week	Pair Corr
0.69	VSCO	Victorias Secret	Pair Corr
0.7	WOOF	Pet Acquisition LLC	Pair Corr
0.67	KSS	Kohls Corp	Pair Corr
0.65	KIRK	Kirklands	Pair Corr
0.74	RENT	Rent the Runway	Pair Corr
0.77	ULTA	Ulta Beauty	Pair Corr
0.64	UA	Under Armour C	Pair Corr
0.73	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.84	VNCE	Vince Holding Corp	Pair Corr

Moving against Monro Stock

0.76	AZO	AutoZone	Pair Corr
0.71	JD	JD Inc Adr	Pair Corr
0.71	VIPS	Vipshop Holdings	Pair Corr
0.7	PDD	PDD Holdings	Pair Corr
0.67	MELI	MercadoLibre	Pair Corr
0.79	ORLY	OReilly Automotive	Pair Corr
0.75	BABA	Alibaba Group Holding	Pair Corr
0.57	DPZ	Dominos Pizza Common	Pair Corr
0.4	BDL	Flanigans Enterprises	Pair Corr
0.38	CPNG	Coupang LLC	Pair Corr

Related Correlations Analysis

	MPAA	SMP	SRI	PLOW	DORM	SUP	THRM	CPS	GNTX	FOXF
MPAA		-0.64	-0.2	0.24	-0.2	-0.09	-0.83	-0.1	-0.42	-0.39	MPAA
SMP	-0.64		0.01	0.2	-0.01	-0.31	0.81	0.18	0.17	0.25	SMP
SRI	-0.2	0.01		-0.55	0.34	0.19	0.44	-0.21	0.57	0.58	SRI
PLOW	0.24	0.2	-0.55		-0.12	-0.41	-0.21	0.5	-0.49	-0.4	PLOW
DORM	-0.2	-0.01	0.34	-0.12		0.26	0.14	0.24	0.59	0.59	DORM
SUP	-0.09	-0.31	0.19	-0.41	0.26		0.03	0.13	0.4	0.25	SUP
THRM	-0.83	0.81	0.44	-0.21	0.14	0.03		0.08	0.5	0.52	THRM
CPS	-0.1	0.18	-0.21	0.5	0.24	0.13	0.08		-0.02	-0.01	CPS
GNTX	-0.42	0.17	0.57	-0.49	0.59	0.4	0.5	-0.02		0.93	GNTX
FOXF	-0.39	0.25	0.58	-0.4	0.59	0.25	0.52	-0.01	0.93		FOXF
	MPAA	SMP	SRI	PLOW	DORM	SUP	THRM	CPS	GNTX	FOXF

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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

FOXF	+ 0.93	GNTX
THRM	+ 0.81	SMP
GNTX	+ 0.59	DORM
FOXF	+ 0.59	DORM
FOXF	+ 0.58	SRI
GNTX	+ 0.57	SRI

High negative correlations

THRM	- 0.83	MPAA
SMP	- 0.64	MPAA
PLOW	- 0.55	SRI
GNTX	- 0.49	PLOW
GNTX	- 0.42	MPAA
SUP	- 0.41	PLOW

Risk-Adjusted Indicators

There is a big difference between Monro Stock performing well and Monro Muffler 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 Monro Muffler'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
MPAA	3.83	0.59	0.18	1.27	3.22	(5.25)	11.22	(5.07)	22.07
SMP	1.18	(0.25)	0.00	(2.08)	0.00	0.00	1.78	(2.30)	7.53
SRI	3.59	(0.23)	0.00	0.32	0.00	0.00	6.39	(7.28)	31.78
PLOW	1.22	0.04	0.06	0.14	1.49	(1.27)	2.37	(2.28)	9.53
DORM	1.21	(0.08)	0.00	(0.16)	0.00	0.00	2.60	(3.19)	7.99
SUP	3.20	0.47	0.14	(3.58)	3.64	(4.10)	6.47	(4.47)	28.51
THRM	1.43	(0.39)	0.00	5.64	0.00	0.00	2.62	(3.49)	10.49
CPS	2.82	0.34	0.09	0.12	3.09	(3.44)	5.09	(5.36)	24.09
GNTX	1.19	(0.32)	0.00	(0.58)	0.00	0.00	2.19	(2.29)	10.85
FOXF	1.98	(0.24)	0.00	(0.28)	0.00	0.00	2.64	(4.31)	15.53

Monro Muffler Corporate Management

Matt Henson	Executive Officer	Profile
Russ Welsh	North Operations	Profile
Daniel Tripoli	VP North	Profile
Cindy Donovan	Senior Officer	Profile

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