Rush Enterprises Correlations

RUSHB Stock

USD 55.70 0.24 0.43%

The current 90-days correlation between Rush Enterprises B and Sonic Automotive is 0.57 (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 B and DJI is 0.53 (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 B 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 B. 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

0.76

RUSHA

Rush Enterprises A

Pair Corr

Moving against Rush Stock

0.4	LVS	Las Vegas Sands	Pair Corr
0.37	HDL	SUPER HI INTERNATIONAL	Pair Corr

Related Correlations Analysis

	SAH	KAR	KFS	ABG	KFSYF	CARS	RUSHA	LAD	AN	PAG
SAH		0.17	0.08	0.94	0.0	0.51	0.87	0.65	0.95	0.82	SAH
KAR	0.17		-0.49	0.21	0.0	-0.49	0.03	-0.29	0.09	0.5	KAR
KFS	0.08	-0.49		0.0	0.0	0.79	0.25	0.69	0.15	-0.12	KFS
ABG	0.94	0.21	0.0		0.0	0.41	0.75	0.63	0.9	0.82	ABG
KFSYF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KFSYF
CARS	0.51	-0.49	0.79	0.41	0.0		0.61	0.91	0.59	0.17	CARS
RUSHA	0.87	0.03	0.25	0.75	0.0	0.61		0.69	0.87	0.67	RUSHA
LAD	0.65	-0.29	0.69	0.63	0.0	0.91	0.69		0.73	0.4	LAD
AN	0.95	0.09	0.15	0.9	0.0	0.59	0.87	0.73		0.72	AN
PAG	0.82	0.5	-0.12	0.82	0.0	0.17	0.67	0.4	0.72		PAG
	SAH	KAR	KFS	ABG	KFSYF	CARS	RUSHA	LAD	AN	PAG

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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	+ 0.95	SAH
ABG	+ 0.94	SAH
LAD	+ 0.91	CARS
AN	+ 0.9	ABG
RUSHA	+ 0.87	SAH
AN	+ 0.87	RUSHA

High negative correlations

CARS	- 0.49	KAR
KFS	- 0.49	KAR
LAD	- 0.29	KAR
PAG	- 0.12	KFS
PAG	- 0.0	KFSYF
AN	- 0.0	KFSYF

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
SAH	1.43	(0.03)	0.00	(0.09)	0.00	0.00	2.72	(3.08)	11.27
KAR	1.38	0.08	0.04	0.01	1.74	(1.40)	2.63	(3.08)	7.92
KFS	1.36	(0.05)	0.00	(0.17)	0.00	0.00	3.04	(2.75)	10.70
ABG	1.67	0.00	0.00	(0.07)	0.00	0.00	2.92	(3.29)	18.09
KFSYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CARS	2.34	(0.49)	0.00	(0.32)	0.00	0.00	4.51	(4.19)	25.98
RUSHA	1.52	(0.08)	0.00	(0.13)	0.00	0.00	3.03	(3.72)	10.06
LAD	1.53	(0.23)	0.00	(0.24)	0.00	0.00	3.40	(3.71)	10.18
AN	1.30	0.05	0.00	(0.03)	0.00	0.00	2.26	(3.60)	8.00
PAG	1.33	(0.04)	0.00	(0.10)	0.00	0.00	1.97	(2.58)	12.10

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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