Sonic Automotive Correlations

SAH Stock

USD 69.50 0.77 1.12%

The current 90-days correlation between Sonic Automotive and AutoNation is 0.76 (i.e., Poor diversification). The correlation of Sonic Automotive 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.

Sonic Automotive Correlation With Market

Very weak diversification

The correlation between Sonic Automotive and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonic Automotive and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonic Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Sonic Stock please use our How to Invest in Sonic Automotive guide.

Moving together with Sonic Stock

0.96	AN	AutoNation	Pair Corr
0.77	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.78	VIPS	Vipshop Holdings Earnings Call Today	Pair Corr
0.66	FLWS	1 800 FLOWERSCOM	Pair Corr
0.9	ABG	Asbury Automotive	Pair Corr
0.91	GPI	Group 1 Automotive	Pair Corr

Moving against Sonic Stock

0.54	VSCO	Victorias Secret	Pair Corr
0.52	FL	Foot Locker Earnings Call This Week	Pair Corr
0.49	M	Macys Inc Earnings Call Today	Pair Corr
0.42	LE	Lands End Upward Rally	Pair Corr
0.76	ANF	Abercrombie Fitch Earnings Call This Week	Pair Corr
0.51	WOOF	Pet Acquisition LLC	Pair Corr
0.5	CAL	Continental	Pair Corr
0.48	GES	Guess Inc	Pair Corr
0.45	EVGO	Evgo Inc Earnings Call This Week	Pair Corr
0.44	BGI	Birks Group	Pair Corr
0.71	LVLU	Lulus Fashion Lounge	Pair Corr
0.67	GME	GameStop Corp	Pair Corr
0.57	ZUMZ	Zumiez Inc	Pair Corr
0.56	JFBR	Jeffs Brands	Pair Corr
0.35	FTEL	Fitell Ordinary	Pair Corr
0.35	KIRK	Kirklands	Pair Corr

Related Correlations Analysis

	LAD	AN	ABG	PAG	GPI
LAD		0.21	0.44	0.66	0.11	LAD
AN	0.21		0.87	0.73	0.96	AN
ABG	0.44	0.87		0.82	0.86	ABG
PAG	0.66	0.73	0.82		0.68	PAG
GPI	0.11	0.96	0.86	0.68		GPI
	LAD	AN	ABG	PAG	GPI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sonic Stock performing well and Sonic Automotive 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 Sonic Automotive'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
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
PAG	1.20	0.06	0.05	0.06	1.17	(1.39)	2.34	(1.69)	9.41
GPI	1.07	0.20	0.14	0.19	1.07	(1.09)	2.78	(1.86)	6.74

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