Aptiv PLC Correlations

APTV Stock

USD 87.98 0.62 0.71%

The correlation of Aptiv 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.

Aptiv PLC Correlation With Market

Poor diversification

The correlation between Aptiv PLC and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptiv PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aptiv Stock

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

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

Moving together with Aptiv Stock

0.85	SMP	Standard Motor Products	Pair Corr
0.96	MPAA	Motorcar Parts	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	NTIP	Network 1 Technologies	Pair Corr
0.82	FNMFO	Federal National Mortgage	Pair Corr
0.68	TR	Tootsie Roll Industries	Pair Corr
0.61	SSVFF	Southern Silver Expl	Pair Corr
0.88	UI	Ubiquiti Networks	Pair Corr
0.84	ACSAY	ACS Actividades De	Pair Corr
0.89	RR	Richtech Robotics Class Trending	Pair Corr
0.77	94986RYP0	US94986RYP09	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.72	EONR	EON Resources	Pair Corr
0.63	HWH	HWH International	Pair Corr
0.83	PBNAF	Pembina Pipeline	Pair Corr
0.86	DOMH	Dominari Holdings	Pair Corr
0.87	BMEZ	BlackRock Health Sciences	Pair Corr
0.81	WAFU	Wah Fu Education	Pair Corr

Moving against Aptiv Stock

0.76	PBCRY	Bank Central Asia	Pair Corr
0.61	BKRKF	PT Bank Rakyat	Pair Corr
0.6	PPERY	Bank Mandiri Persero	Pair Corr
0.52	PBCRF	PT Bank Central	Pair Corr
0.49	PPERF	Bank Mandiri Persero	Pair Corr
0.41	MRAI	Marpai Inc	Pair Corr
0.39	FORLW	Four Leaf Acquisition	Pair Corr

Related Correlations Analysis

	ALSN	LKQ	LEA	MGA	GNTX	ADNT	ALV	FOXF	DAN	AXL
ALSN		0.56	0.17	-0.4	-0.55	-0.29	-0.15	0.14	-0.16	-0.43	ALSN
LKQ	0.56		0.41	-0.45	-0.83	-0.35	-0.22	-0.1	-0.38	-0.52	LKQ
LEA	0.17	0.41		0.49	0.05	0.61	0.66	-0.1	0.57	0.45	LEA
MGA	-0.4	-0.45	0.49		0.78	0.94	0.93	-0.34	0.92	0.95	MGA
GNTX	-0.55	-0.83	0.05	0.78		0.71	0.64	0.01	0.73	0.81	GNTX
ADNT	-0.29	-0.35	0.61	0.94	0.71		0.91	-0.2	0.9	0.89	ADNT
ALV	-0.15	-0.22	0.66	0.93	0.64	0.91		-0.34	0.94	0.87	ALV
FOXF	0.14	-0.1	-0.1	-0.34	0.01	-0.2	-0.34		-0.26	-0.26	FOXF
DAN	-0.16	-0.38	0.57	0.92	0.73	0.9	0.94	-0.26		0.92	DAN
AXL	-0.43	-0.52	0.45	0.95	0.81	0.89	0.87	-0.26	0.92		AXL
	ALSN	LKQ	LEA	MGA	GNTX	ADNT	ALV	FOXF	DAN	AXL

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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

AXL	+ 0.95	MGA
ADNT	+ 0.94	MGA
DAN	+ 0.94	ALV
ALV	+ 0.93	MGA
DAN	+ 0.92	MGA
AXL	+ 0.92	DAN

High negative correlations

GNTX	- 0.83	LKQ
GNTX	- 0.55	ALSN
AXL	- 0.52	LKQ
MGA	- 0.45	LKQ
AXL	- 0.43	ALSN
MGA	- 0.4	ALSN

Risk-Adjusted Indicators

There is a big difference between Aptiv Stock performing well and Aptiv 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 Aptiv 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
ALSN	1.16	(0.24)	0.00	(0.12)	0.00	0.00	2.31	(2.31)	6.11
LKQ	1.47	(0.22)	0.00	(10.42)	0.00	0.00	3.04	(2.31)	21.51
LEA	1.25	(0.03)	(0.01)	0.03	1.91	(1.17)	3.22	(2.45)	11.31
MGA	1.09	0.23	0.22	0.23	0.86	(1.29)	3.82	(1.71)	7.19
GNTX	1.37	0.38	0.31	2.38	0.73	(1.81)	2.43	(1.73)	18.44
ADNT	1.61	0.15	0.12	0.14	1.48	(1.98)	4.75	(2.73)	8.72
ALV	1.02	0.06	0.07	0.10	1.07	(1.10)	2.86	(1.61)	7.29
FOXF	2.14	(0.02)	0.00	0.09	0.00	0.00	6.08	(4.24)	15.55
DAN	1.44	0.14	0.12	0.15	1.12	(1.80)	4.77	(2.33)	10.03
AXL	2.05	0.48	0.22	0.34	1.85	(2.43)	5.56	(3.31)	18.59

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