Strattec Security Correlations

STRT Stock  USD 43.35  0.45  1.03%   
The current 90-days correlation between Strattec Security and Douglas Dynamics is 0.17 (i.e., Average diversification). The correlation of Strattec Security 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.

Strattec Security Correlation With Market

Weak diversification

The correlation between Strattec Security and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strattec Security 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 Strattec Security. 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.
For more information on how to buy Strattec Stock please use our How to Invest in Strattec Security guide.

Moving together with Strattec Stock

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Moving against Strattec Stock

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Related Correlations Analysis

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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   
FOXFGNTX
GNTXMNRO
FOXFMNRO
FOXFSRI
GNTXSRI
SRIMNRO
  
High negative correlations   
SRIPLOW
MNROPLOW
GNTXMPAA
GNTXPLOW
SMPMPAA
MPAAMNRO

Risk-Adjusted Indicators

There is a big difference between Strattec Stock performing well and Strattec Security 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 Strattec Security'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DORM  1.21 (0.04) 0.00 (0.20) 0.00 
 2.60 
 7.99 
PLOW  1.21  0.05  0.00 (0.07) 0.00 
 2.38 
 9.50 
MNRO  1.67 (0.66) 0.00 (1.39) 0.00 
 2.69 
 9.63 
MPAA  3.52  0.61  0.19  0.66  3.22 
 10.61 
 21.74 
VC  1.39 (0.08) 0.00 (0.23) 0.00 
 2.05 
 7.99 
SMP  1.14 (0.28) 0.00 (0.61) 0.00 
 1.78 
 7.53 
SRI  3.42 (0.04) 0.00 (0.16) 0.00 
 6.68 
 29.51 
CPS  2.59  0.12  0.00 (0.06) 0.00 
 4.68 
 24.09 
GNTX  1.22 (0.24) 0.00 (0.54) 0.00 
 2.48 
 11.26 
FOXF  2.05 (0.18) 0.00 (0.30) 0.00 
 3.41 
 15.53 

Strattec Security Corporate Management