AutoNation Correlations

AN Stock

USD 210.59 4.70 2.18%

The current 90-days correlation between AutoNation and Merit Medical Systems is -0.03 (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 -0.18 (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 state.

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

Moving together with AutoNation Stock

0.78	KMX	CarMax Inc	Pair Corr
0.64	GORV	Lazydays Holdings	Pair Corr
0.68	002607	Offcn Education Tech	Pair Corr
0.75	CANG	Cango Inc	Pair Corr
0.79	CVNA	Carvana	Pair Corr
0.65	HCMC	Healthier Choices	Pair Corr

Moving against AutoNation Stock

0.85	CARTRADE	Cartrade Tech Limited	Pair Corr
0.84	ASG	Autosports Group	Pair Corr
0.77	TRA	Turners Automotive	Pair Corr
0.6	MTO	Motorcycle Holdings	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.48	CICHF	China Construction Bank	Pair Corr
0.4	PBMRF	PT Bumi Resources	Pair Corr
0.91	CWESF	Canadian Western Bank Earnings Call This Week	Pair Corr
0.82	ESOCF	Enel SpA	Pair Corr
0.79	LUNMF	Lundin Mining	Pair Corr
0.76	BTSGU	BrightSpring Health	Pair Corr
0.73	TRVI	Trevi Therapeutics	Pair Corr
0.69	MNSF	Mansfelder Metals	Pair Corr
0.6	XMTR	Xometry	Pair Corr
0.58	ISTR	Investar Holding Corp	Pair Corr
0.56	LVTX	LAVA Therapeutics	Pair Corr
0.43	CNQ	Canadian Natural Res	Pair Corr
0.42	CMHHY	China Merchants Port	Pair Corr
0.37	SPH	Suburban Propane Partners	Pair Corr
0.35	FBYD	Falcons Beyond Global, Trending	Pair Corr
0.75	APGE	Apogee Therapeutics,	Pair Corr
0.75	JFU	9F Inc	Pair Corr
0.72	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.72	BWMX	Betterware de Mxico,	Pair Corr
0.72	FMXUF	Fomento Econmico Mexicano	Pair Corr
0.69	DDT	Dillards Capital Trust	Pair Corr

Related Correlations Analysis

	SRBZF	PWWRF	ACRG	AVNS	MMSI	BDULF	ROOOF
SRBZF		1.0	0.0	0.0	0.0	0.0	0.0	SRBZF
PWWRF	1.0		0.0	0.0	0.0	0.0	0.0	PWWRF
ACRG	0.0	0.0		-0.23	0.13	-0.67	-0.34	ACRG
AVNS	0.0	0.0	-0.23		0.36	0.36	-0.16	AVNS
MMSI	0.0	0.0	0.13	0.36		-0.24	-0.42	MMSI
BDULF	0.0	0.0	-0.67	0.36	-0.24		0.52	BDULF
ROOOF	0.0	0.0	-0.34	-0.16	-0.42	0.52		ROOOF
	SRBZF	PWWRF	ACRG	AVNS	MMSI	BDULF	ROOOF

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

PWWRF	+ 1.0	SRBZF
ROOOF	+ 0.52	BDULF
MMSI	+ 0.36	AVNS
BDULF	+ 0.36	AVNS
MMSI	+ 0.13	ACRG
ACRG	+ 0.0	SRBZF

High negative correlations

BDULF	- 0.67	ACRG
ROOOF	- 0.42	MMSI
ROOOF	- 0.34	ACRG
BDULF	- 0.24	MMSI
AVNS	- 0.23	ACRG
ROOOF	- 0.16	AVNS

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
SRBZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACRG	1.26	0.11	0.00	(0.46)	0.00	0.00	0.00	0.00	41.95
AVNS	1.79	0.04	(0.01)	0.22	2.20	(1.97)	4.06	(3.10)	9.72
MMSI	1.26	(0.13)	0.00	(0.07)	0.00	0.00	2.29	(3.13)	8.06
BDULF	0.34	(0.10)	0.00	38.77	0.00	0.00	0.00	0.00	7.96
ROOOF	2.69	(0.14)	0.00	0.18	0.00	0.00	5.26	(4.35)	27.71

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