AutoNation Correlations

AN Stock

USD 190.39 0.77 0.41%

The current 90-days correlation between AutoNation and Rush Enterprises B is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoNation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoNation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AutoNation Correlation With Market

Good diversification

The correlation between AutoNation and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AutoNation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AutoNation Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoNation. 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.

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

Moving together with AutoNation Stock

0.83	W	Wayfair	Pair Corr
0.68	FL	Foot Locker	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.64	VSCO	Victorias Secret	Pair Corr
0.83	EBAY	eBay Inc	Pair Corr
0.81	WEYS	Weyco Group	Pair Corr
0.63	ETSY	Etsy Inc	Pair Corr
0.93	WINA	Winmark	Pair Corr
0.91	EVGO	Evgo Inc	Pair Corr
0.89	FIVE	Five Below	Pair Corr
0.75	BBW	Build A Bear	Pair Corr
0.77	BKE	Buckle Inc	Pair Corr

Moving against AutoNation Stock

0.55	JD	JD Inc Adr	Pair Corr
0.45	DXLG	Destination XL Group	Pair Corr
0.41	LE	Lands End	Pair Corr
0.4	YJ	Yunji Inc	Pair Corr
0.67	DIT	AMCON Distributing	Pair Corr
0.62	FLWS	1 800 FLOWERSCOM	Pair Corr
0.59	BGI	Birks Group	Pair Corr
0.42	FNKO	Funko Inc	Pair Corr
0.34	XELB	Xcel Brands	Pair Corr

Related Correlations Analysis

	CARS	KAR	RUSHB	RUSHA	SAH	LAD	AN	ABG	PAG	KFS
CARS		-0.64	0.78	0.58	-0.6	-0.45	-0.51	-0.07	-0.49	-0.73	CARS
KAR	-0.64		-0.61	-0.11	0.89	0.86	0.78	0.74	0.78	0.83	KAR
RUSHB	0.78	-0.61		0.6	-0.62	-0.46	-0.46	-0.17	-0.42	-0.69	RUSHB
RUSHA	0.58	-0.11	0.6		-0.32	-0.04	-0.37	0.39	-0.37	-0.41	RUSHA
SAH	-0.6	0.89	-0.62	-0.32		0.83	0.9	0.66	0.93	0.93	SAH
LAD	-0.45	0.86	-0.46	-0.04	0.83		0.88	0.7	0.72	0.74	LAD
AN	-0.51	0.78	-0.46	-0.37	0.9	0.88		0.51	0.9	0.82	AN
ABG	-0.07	0.74	-0.17	0.39	0.66	0.7	0.51		0.58	0.44	ABG
PAG	-0.49	0.78	-0.42	-0.37	0.93	0.72	0.9	0.58		0.84	PAG
KFS	-0.73	0.83	-0.69	-0.41	0.93	0.74	0.82	0.44	0.84		KFS
	CARS	KAR	RUSHB	RUSHA	SAH	LAD	AN	ABG	PAG	KFS

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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

PAG	+ 0.93	SAH
KFS	+ 0.93	SAH
AN	+ 0.9	SAH
PAG	+ 0.9	AN
SAH	+ 0.89	KAR
AN	+ 0.88	LAD

High negative correlations

KFS	- 0.73	CARS
KFS	- 0.69	RUSHB
KAR	- 0.64	CARS
SAH	- 0.62	RUSHB
RUSHB	- 0.61	KAR
SAH	- 0.6	CARS

Risk-Adjusted Indicators

There is a big difference between AutoNation Stock performing well and AutoNation 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 AutoNation'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
CARS	1.99	(0.12)	0.00	(0.07)	0.00	0.00	3.78	(3.91)	19.46
KAR	1.66	0.15	0.06	0.22	2.33	(1.73)	3.51	(3.32)	16.30
RUSHB	1.70	(0.09)	0.00	(0.03)	0.00	0.00	3.63	(3.13)	13.62
RUSHA	1.75	(0.10)	0.00	(0.02)	0.00	0.00	3.80	(3.33)	12.11
SAH	1.67	0.36	0.14	0.41	2.20	(1.87)	3.69	(2.93)	14.37
LAD	1.91	0.17	0.03	(0.83)	2.46	(2.01)	4.49	(4.17)	17.50
AN	1.69	0.24	0.08	(1.33)	1.97	(1.92)	3.39	(4.04)	15.35
ABG	1.80	0.03	0.02	0.09	2.33	(1.87)	3.50	(3.65)	14.67
PAG	1.38	0.17	0.10	0.26	1.46	(1.71)	3.31	(2.69)	11.66
KFS	1.96	0.93	0.53	1.75	0.91	(2.41)	5.49	(2.02)	14.49

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