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.
Strattec |
Moving together with Strattec Stock
0.7 | NIU | Niu Technologies Earnings Call This Week | PairCorr |
0.83 | MPAA | Motorcar Parts | PairCorr |
0.82 | LNW | Light Wonder | PairCorr |
0.77 | MCD | McDonalds | PairCorr |
0.61 | AVAL | Grupo Aval | PairCorr |
0.82 | WF | Woori Financial Group | PairCorr |
0.64 | BCH | Banco De Chile | PairCorr |
Moving against Strattec Stock
0.62 | AEO | American Eagle Outfitters | PairCorr |
0.53 | RH | RH | PairCorr |
0.52 | GNTX | Gentex | PairCorr |
0.5 | GM | General Motors Aggressive Push | PairCorr |
0.43 | AYRO | AYRO Inc | PairCorr |
0.39 | SRI | Stoneridge | PairCorr |
0.38 | MNRO | Monro Muffler Brake | PairCorr |
0.35 | F | Ford Motor | PairCorr |
0.66 | KB | KB Financial Group | PairCorr |
0.61 | MRK | Merck Company Sell-off Trend | PairCorr |
0.57 | CAT | Caterpillar | PairCorr |
0.46 | SHG | Shinhan Financial | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | 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
Rolando Guillot | VP of Mexican Operations | Profile | |
Dennis Bowe | CFO, VP | Profile | |
Cheylene BeckerVarto | Chief Officer | Profile | |
Linda Redmann | Chief Officer | Profile |