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

0.7	NIU	Niu Technologies Earnings Call This Week	Pair Corr
0.83	MPAA	Motorcar Parts	Pair Corr
0.82	LNW	Light Wonder	Pair Corr
0.77	MCD	McDonalds	Pair Corr
0.61	AVAL	Grupo Aval	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.64	BCH	Banco De Chile	Pair Corr

Moving against Strattec Stock

0.62	AEO	American Eagle Outfitters	Pair Corr
0.53	RH	RH	Pair Corr
0.52	GNTX	Gentex	Pair Corr
0.5	GM	General Motors Aggressive Push	Pair Corr
0.43	AYRO	AYRO Inc	Pair Corr
0.39	SRI	Stoneridge	Pair Corr
0.38	MNRO	Monro Muffler Brake	Pair Corr
0.35	F	Ford Motor	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.61	MRK	Merck Company Sell-off Trend	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.46	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	DORM	PLOW	MNRO	MPAA	VC	SMP	SRI	CPS	GNTX	FOXF
DORM		0.01	0.64	-0.22	0.6	0.61	0.7	0.36	0.7	0.73	DORM
PLOW	0.01		-0.47	0.39	0.04	0.03	-0.47	0.63	-0.45	-0.35	PLOW
MNRO	0.64	-0.47		-0.42	0.62	0.76	0.77	0.05	0.93	0.92	MNRO
MPAA	-0.22	0.39	-0.42		0.27	-0.43	-0.19	-0.13	-0.45	-0.35	MPAA
VC	0.6	0.04	0.62	0.27		0.58	0.61	0.23	0.61	0.69	VC
SMP	0.61	0.03	0.76	-0.43	0.58		0.37	0.5	0.68	0.7	SMP
SRI	0.7	-0.47	0.77	-0.19	0.61	0.37		-0.04	0.85	0.87	SRI
CPS	0.36	0.63	0.05	-0.13	0.23	0.5	-0.04		0.15	0.18	CPS
GNTX	0.7	-0.45	0.93	-0.45	0.61	0.68	0.85	0.15		0.94	GNTX
FOXF	0.73	-0.35	0.92	-0.35	0.69	0.7	0.87	0.18	0.94		FOXF
	DORM	PLOW	MNRO	MPAA	VC	SMP	SRI	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	+ 0.94	GNTX
GNTX	+ 0.93	MNRO
FOXF	+ 0.92	MNRO
FOXF	+ 0.87	SRI
GNTX	+ 0.85	SRI
SRI	+ 0.77	MNRO

High negative correlations

SRI	- 0.47	PLOW
MNRO	- 0.47	PLOW
GNTX	- 0.45	MPAA
GNTX	- 0.45	PLOW
SMP	- 0.43	MPAA
MPAA	- 0.42	MNRO

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DORM	1.21	(0.04)	0.00	(0.20)	0.00	0.00	2.60	(3.19)	7.99
PLOW	1.21	0.05	0.00	(0.07)	0.00	0.00	2.38	(2.91)	9.50
MNRO	1.67	(0.66)	0.00	(1.39)	0.00	0.00	2.69	(4.22)	9.63
MPAA	3.52	0.61	0.19	0.66	3.22	(4.51)	10.61	(5.33)	21.74
VC	1.39	(0.08)	0.00	(0.23)	0.00	0.00	2.05	(3.09)	7.99
SMP	1.14	(0.28)	0.00	(0.61)	0.00	0.00	1.78	(2.30)	7.53
SRI	3.42	(0.04)	0.00	(0.16)	0.00	0.00	6.68	(8.80)	29.51
CPS	2.59	0.12	0.00	(0.06)	0.00	0.00	4.68	(5.36)	24.09
GNTX	1.22	(0.24)	0.00	(0.54)	0.00	0.00	2.48	(2.29)	11.26
FOXF	2.05	(0.18)	0.00	(0.30)	0.00	0.00	3.41	(4.31)	15.53

Strattec Security Corporate Management

Rolando Guillot	VP of Mexican Operations	Profile
Dennis Bowe	CFO, VP	Profile
Cheylene BeckerVarto	Chief Officer	Profile
Linda Redmann	Chief Officer	Profile

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