Adient PLC Correlations

ADNT Stock

USD 22.05 0.33 1.47%

The current 90-days correlation between Adient PLC and Autoliv is 0.69 (i.e., Poor diversification). The correlation of Adient PLC 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.

Adient PLC Correlation With Market

Good diversification

The correlation between Adient PLC and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adient PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Adient Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adient PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Adient Stock please use our How to Invest in Adient PLC guide.

Moving together with Adient Stock

0.91	F	Ford Motor Earnings Call This Week	Pair Corr
0.89	GM	General Motors Earnings Call This Week	Pair Corr
0.77	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.96	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.62	ZK	ZEEKR Intelligent	Pair Corr
0.65	WKSP	Worksport	Pair Corr
0.89	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.89	FLYE	Fly E Group,	Pair Corr
0.97	ALV	Autoliv	Pair Corr
0.66	AXL	American Axle Manufa	Pair Corr
0.89	BWA	BorgWarner	Pair Corr
0.83	FOXF	Fox Factory Holding	Pair Corr
0.81	DAN	Dana Inc	Pair Corr
0.85	ECX	ECARX Holdings Class	Pair Corr
0.71	MBLY	Mobileye Global Class	Pair Corr
0.73	MPAA	Motorcar Parts	Pair Corr
0.68	NWTN	NWTN Class B	Pair Corr
0.92	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.97	W	Wayfair	Pair Corr
0.73	DIBS	1StdibsCom	Pair Corr
0.95	AN	AutoNation	Pair Corr
0.83	AS	Amer Sports,	Pair Corr
0.94	BC	Brunswick Earnings Call This Week	Pair Corr
0.95	BH	Biglari Holdings	Pair Corr
0.82	EM	Smart Share Global	Pair Corr
0.8	FL	Foot Locker	Pair Corr

Moving against Adient Stock

0.78	EVTV	Envirotech Vehicles	Pair Corr
0.73	MULN	Mullen Automotive	Pair Corr
0.67	TM	Toyota Motor	Pair Corr
0.65	ECDA	ECD Automotive Design	Pair Corr
0.74	SG	Sweetgreen	Pair Corr
0.61	DNUT	Krispy Kreme	Pair Corr
0.58	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO
GNTX		0.58	0.58	0.45	0.79	0.64	0.73	0.11	0.7	0.08	GNTX
ALV	0.58		0.88	0.91	0.9	0.74	0.92	0.1	0.89	0.53	ALV
FOXF	0.58	0.88		0.9	0.83	0.78	0.78	0.42	0.89	0.56	FOXF
DAN	0.45	0.91	0.9		0.76	0.85	0.73	0.45	0.77	0.42	DAN
LEA	0.79	0.9	0.83	0.76		0.77	0.98	0.06	0.94	0.42	LEA
AXL	0.64	0.74	0.78	0.85	0.77		0.71	0.54	0.71	0.18	AXL
VC	0.73	0.92	0.78	0.73	0.98	0.71		-0.09	0.91	0.45	VC
ALSN	0.11	0.1	0.42	0.45	0.06	0.54	-0.09		0.13	-0.04	ALSN
CVGI	0.7	0.89	0.89	0.77	0.94	0.71	0.91	0.13		0.55	CVGI
MNRO	0.08	0.53	0.56	0.42	0.42	0.18	0.45	-0.04	0.55		MNRO
	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO

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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

VC	+ 0.98	LEA
CVGI	+ 0.94	LEA
VC	+ 0.92	ALV
DAN	+ 0.91	ALV
CVGI	+ 0.91	VC
LEA	+ 0.9	ALV

High negative correlations

ALSN	- 0.09	VC
MNRO	- 0.04	ALSN

Risk-Adjusted Indicators

There is a big difference between Adient Stock performing well and Adient PLC 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 Adient PLC'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
GNTX	1.25	0.17	0.01	(0.66)	1.23	(1.53)	2.51	(2.38)	8.03
ALV	1.20	0.60	0.44	(4.16)	0.32	(1.50)	3.25	(1.41)	7.29
FOXF	2.12	0.25	0.13	0.29	2.04	(2.43)	5.07	(4.23)	16.27
DAN	1.83	0.74	0.30	(1.70)	1.24	(2.08)	4.80	(2.60)	10.01
LEA	1.59	0.28	0.21	0.36	1.21	(1.92)	4.13	(2.48)	8.54
AXL	2.27	0.41	0.18	0.42	1.99	(2.84)	7.24	(4.16)	15.90
VC	1.61	0.56	0.34	0.66	1.11	(2.00)	4.59	(2.31)	10.00
ALSN	1.25	(0.20)	0.00	(0.03)	0.00	0.00	3.01	(2.93)	8.81
CVGI	5.02	0.70	0.20	0.32	4.52	(5.86)	12.61	(7.78)	23.87
MNRO	3.00	(0.03)	0.01	0.11	3.36	(3.58)	6.48	(5.17)	37.83

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