Superior Industries Correlations

SUP Stock

USD 2.39 0.01 0.42%

The current 90-days correlation between Superior Industries and Monro Muffler Brake is 0.34 (i.e., Weak diversification). The correlation of Superior Industries 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.

Superior Industries Correlation With Market

Very weak diversification

The correlation between Superior Industries Internatio and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Superior Industries Internatio 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 Superior Industries International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Superior Stock

0.64	TM	Toyota Motor	Pair Corr
0.66	VC	Visteon Corp	Pair Corr
0.88	VLCN	Volcon Inc	Pair Corr
0.76	FOXF	Fox Factory Holding	Pair Corr
0.71	DAN	Dana Inc	Pair Corr
0.79	FRSX	Foresight Autonomous	Pair Corr
0.88	LEA	Lear	Pair Corr
0.9	SRI	Stoneridge	Pair Corr
0.79	KNDI	Kandi Technologies	Pair Corr
0.82	LCID	Lucid Group Aggressive Push	Pair Corr
0.72	MULN	Mullen Automotive	Pair Corr
0.78	XOSWW	Xos Equity Warrants	Pair Corr
0.62	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.75	ADNT	Adient PLC	Pair Corr
0.79	APTV	Aptiv PLC	Pair Corr

Moving against Superior Stock

0.79	DORM	Dorman Products	Pair Corr
0.58	MGA	Magna International	Pair Corr
0.48	ZK	ZEEKR Intelligent	Pair Corr
0.42	MOD	Modine Manufacturing	Pair Corr
0.65	XPEV	Xpeng Inc	Pair Corr
0.46	NWTN	NWTN Class B	Pair Corr
0.33	HSAI	Hesai Group American Trending	Pair Corr
0.84	LB	LandBridge Company	Pair Corr
0.81	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.71	BH	Biglari Holdings	Pair Corr
0.68	DOGZ	Dogness International Upward Rally	Pair Corr
0.66	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	MNRO	DORM	MPAA	THRM	SMP	SRI	CPS	GNTX	ADNT	ALV
MNRO		0.52	0.37	-0.32	0.36	-0.58	0.46	0.29	-0.02	0.1	MNRO
DORM	0.52		0.24	-0.28	0.51	-0.8	0.6	0.31	-0.7	0.46	DORM
MPAA	0.37	0.24		0.19	0.36	-0.05	0.21	-0.04	0.14	0.2	MPAA
THRM	-0.32	-0.28	0.19		0.44	0.73	0.23	0.16	0.42	0.15	THRM
SMP	0.36	0.51	0.36	0.44		-0.15	0.53	0.17	-0.18	0.21	SMP
SRI	-0.58	-0.8	-0.05	0.73	-0.15		-0.22	-0.08	0.71	-0.1	SRI
CPS	0.46	0.6	0.21	0.23	0.53	-0.22		0.49	-0.18	0.73	CPS
GNTX	0.29	0.31	-0.04	0.16	0.17	-0.08	0.49		-0.01	0.49	GNTX
ADNT	-0.02	-0.7	0.14	0.42	-0.18	0.71	-0.18	-0.01		-0.16	ADNT
ALV	0.1	0.46	0.2	0.15	0.21	-0.1	0.73	0.49	-0.16		ALV
	MNRO	DORM	MPAA	THRM	SMP	SRI	CPS	GNTX	ADNT	ALV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SRI	+ 0.73	THRM
ALV	+ 0.73	CPS
ADNT	+ 0.71	SRI
CPS	+ 0.6	DORM
CPS	+ 0.53	SMP
DORM	+ 0.52	MNRO

High negative correlations

SRI	- 0.8	DORM
ADNT	- 0.7	DORM
SRI	- 0.58	MNRO
THRM	- 0.32	MNRO
THRM	- 0.28	DORM
CPS	- 0.22	SRI

Risk-Adjusted Indicators

There is a big difference between Superior Stock performing well and Superior Industries 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 Superior Industries' 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
MNRO	1.51	(0.09)	(0.02)	0.05	1.64	(1.75)	4.55	(2.57)	10.48
DORM	1.33	0.24	0.17	0.39	0.99	(1.61)	3.10	(2.12)	14.67
MPAA	2.99	(0.04)	0.00	0.09	3.49	(3.32)	8.38	(6.22)	19.99
THRM	1.54	(0.40)	0.00	(0.23)	0.00	0.00	3.15	(3.60)	8.02
SMP	1.73	(0.10)	(0.02)	0.05	2.00	(1.87)	3.71	(3.41)	24.56
SRI	2.77	(1.32)	0.00	(0.34)	0.00	0.00	4.32	(6.29)	30.05
CPS	2.60	(0.33)	0.00	(0.03)	0.00	0.00	5.11	(6.64)	24.31
GNTX	1.14	(0.09)	(0.08)	(0.01)	1.43	(1.17)	2.24	(2.36)	7.93
ADNT	1.92	(0.36)	0.00	(0.13)	0.00	0.00	4.08	(4.22)	10.66
ALV	1.54	(0.14)	0.00	(0.03)	0.00	0.00	2.80	(3.14)	8.85

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