Sypris Solutions Correlations

SYPR Stock

USD 1.63 0.02 1.24%

The current 90-days correlation between Sypris Solutions and Commercial Vehicle Group is -0.12 (i.e., Good diversification). The correlation of Sypris Solutions 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.

Sypris Solutions Correlation With Market

Average diversification

The correlation between Sypris Solutions and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sypris Solutions 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 Sypris Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Sypris Stock, please use our How to Invest in Sypris Solutions guide.

Moving together with Sypris Stock

0.71	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.66	LCID	Lucid Group Buyout Trend	Pair Corr
0.66	RH	RH Earnings Call This Week	Pair Corr
0.62	WING	Wingstop	Pair Corr
0.69	AAP	Advance Auto Parts	Pair Corr
0.69	FNKO	Funko Inc	Pair Corr

Moving against Sypris Stock

0.61	IH	Ihuman Inc	Pair Corr
0.55	VIPS	Vipshop Holdings	Pair Corr
0.52	VOXX	VOXX International	Pair Corr
0.41	JD	JD Inc Adr	Pair Corr
0.52	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	MNRO	MGA	BWA	MBLY	QS	SMP	MPAA	LEA	DORM	CVGI
MNRO		0.93	0.84	0.75	0.65	0.72	-0.52	-0.17	0.52	0.82	MNRO
MGA	0.93		0.9	0.68	0.6	0.73	-0.55	0.08	0.53	0.78	MGA
BWA	0.84	0.9		0.52	0.58	0.76	-0.62	-0.02	0.63	0.81	BWA
MBLY	0.75	0.68	0.52		0.8	0.61	-0.33	-0.04	0.24	0.67	MBLY
QS	0.65	0.6	0.58	0.8		0.6	-0.48	-0.21	0.06	0.61	QS
SMP	0.72	0.73	0.76	0.61	0.6		-0.58	0.05	0.45	0.79	SMP
MPAA	-0.52	-0.55	-0.62	-0.33	-0.48	-0.58		0.35	-0.28	-0.54	MPAA
LEA	-0.17	0.08	-0.02	-0.04	-0.21	0.05	0.35		-0.06	-0.18	LEA
DORM	0.52	0.53	0.63	0.24	0.06	0.45	-0.28	-0.06		0.49	DORM
CVGI	0.82	0.78	0.81	0.67	0.61	0.79	-0.54	-0.18	0.49		CVGI
	MNRO	MGA	BWA	MBLY	QS	SMP	MPAA	LEA	DORM	CVGI

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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

MGA	+ 0.93	MNRO
BWA	+ 0.9	MGA
BWA	+ 0.84	MNRO
CVGI	+ 0.82	MNRO
CVGI	+ 0.81	BWA
QS	+ 0.8	MBLY

High negative correlations

MPAA	- 0.62	BWA
MPAA	- 0.58	SMP
MPAA	- 0.55	MGA
CVGI	- 0.54	MPAA
MPAA	- 0.52	MNRO
MPAA	- 0.48	QS

Risk-Adjusted Indicators

There is a big difference between Sypris Stock performing well and Sypris Solutions 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 Sypris Solutions' 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	1.72	(0.71)	0.00	2.41	0.00	0.00	2.69	(4.22)	9.63
MGA	1.54	(0.22)	0.00	(0.30)	0.00	0.00	2.42	(3.66)	11.48
BWA	1.49	(0.22)	0.00	(0.35)	0.00	0.00	1.96	(2.90)	6.54
MBLY	3.31	(0.13)	0.00	(0.15)	0.00	0.00	5.71	(8.31)	21.69
QS	3.36	(0.02)	0.00	(0.10)	0.00	0.00	7.04	(6.89)	23.51
SMP	1.17	(0.31)	0.00	(0.56)	0.00	0.00	1.78	(2.30)	7.53
MPAA	3.74	0.50	0.14	0.47	3.36	(4.85)	11.22	(5.33)	22.07
LEA	1.35	0.01	0.00	(0.06)	0.00	0.00	2.27	(2.86)	8.61
DORM	1.22	(0.09)	0.00	(0.18)	0.00	0.00	2.60	(3.19)	7.99
CVGI	3.02	(0.61)	0.00	19.83	0.00	0.00	6.39	(6.85)	22.75

Sypris Solutions Corporate Management

Anthony Allen	VP Treasurer	Profile
Richard CPA	Treasurer, VP	Profile
Curtis Petrie	Vice Administration	Profile
Rachel Esq	Senior Secretary	Profile
Rebecca Eckert	Principal Controller	Profile

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