Rush Enterprises Correlations

RUSHA Stock

USD 56.89 1.68 3.04%

The current 90-days correlation between Rush Enterprises A and Group 1 Automotive is 0.59 (i.e., Very weak diversification). The correlation of Rush Enterprises 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.

Rush Enterprises Correlation With Market

Very weak diversification

The correlation between Rush Enterprises A and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rush Enterprises A and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Enterprises A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Rush Stock

0.7	MCW	Mister Car Wash,	Pair Corr
0.78	RUSHB	Rush Enterprises B	Pair Corr
0.65	CARS	Cars Inc	Pair Corr
0.64	IP	International Paper	Pair Corr
0.69	OI	O I Glass	Pair Corr
0.73	WPRT	Westport Fuel Systems	Pair Corr
0.78	CCK	Crown Holdings	Pair Corr

Moving against Rush Stock

0.41	FIGS	Figs Inc	Pair Corr
0.66	WNW	Meiwu Technology	Pair Corr

Related Correlations Analysis

	KFS	GPI	KAR	CARS	PAG	LAD	AN	ABG	SAH	KFSYF
KFS		-0.69	-0.54	0.75	-0.07	0.53	-0.57	-0.4	-0.47	0.0	KFS
GPI	-0.69		0.61	-0.28	0.68	0.11	0.96	0.86	0.91	0.0	GPI
KAR	-0.54	0.61		-0.27	0.43	-0.06	0.56	0.48	0.57	0.0	KAR
CARS	0.75	-0.28	-0.27		0.33	0.76	-0.09	-0.03	0.04	0.0	CARS
PAG	-0.07	0.68	0.43	0.33		0.66	0.73	0.82	0.8	0.0	PAG
LAD	0.53	0.11	-0.06	0.76	0.66		0.21	0.44	0.33	0.0	LAD
AN	-0.57	0.96	0.56	-0.09	0.73	0.21		0.87	0.96	0.0	AN
ABG	-0.4	0.86	0.48	-0.03	0.82	0.44	0.87		0.9	0.0	ABG
SAH	-0.47	0.91	0.57	0.04	0.8	0.33	0.96	0.9		0.0	SAH
KFSYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KFSYF
	KFS	GPI	KAR	CARS	PAG	LAD	AN	ABG	SAH	KFSYF

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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

AN	+ 0.96	GPI
SAH	+ 0.96	AN
SAH	+ 0.91	GPI
SAH	+ 0.9	ABG
ABG	+ 0.87	AN
ABG	+ 0.86	GPI

High negative correlations

GPI	- 0.69	KFS
AN	- 0.57	KFS
KAR	- 0.54	KFS
SAH	- 0.47	KFS
ABG	- 0.4	KFS
CARS	- 0.28	GPI

Risk-Adjusted Indicators

There is a big difference between Rush Stock performing well and Rush Enterprises 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 Rush Enterprises' 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
KFS	0.95	(0.15)	0.00	(0.32)	0.00	0.00	2.22	(2.08)	5.83
GPI	1.07	0.20	0.14	0.19	1.07	(1.09)	2.78	(1.86)	6.74
KAR	1.05	0.11	0.08	0.17	1.26	(1.05)	2.03	(2.17)	5.55
CARS	1.60	(0.30)	0.00	(0.22)	0.00	0.00	3.01	(3.24)	8.84
PAG	1.20	0.06	0.05	0.06	1.17	(1.39)	2.34	(1.69)	9.41
LAD	1.25	(0.12)	0.00	(0.10)	0.00	0.00	3.06	(2.68)	7.54
AN	1.11	0.16	0.11	0.14	1.29	(1.19)	2.67	(1.82)	8.25
ABG	1.48	0.12	0.07	0.09	1.59	(1.55)	3.07	(3.00)	15.39
SAH	1.41	0.15	0.08	0.11	1.69	(1.52)	2.86	(2.68)	10.49
KFSYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Rush Enterprises Corporate Management

Martin Naegelin	Executive VP	Profile
Michael McRoberts	Sr. VP of Dealer Operations	Profile
Jorgan Peterson	Senior Dealerships	Profile
Marvin III	CEO Chairman	Profile
Karen Konecny	VP Communications	Profile

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