GM Correlations

GM Stock

USD 53.22 0.01 0.02%

The current 90-days correlation between General Motors and Ford Motor is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Motors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GM Correlation With Market

Very weak diversification

The correlation between General Motors and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Motors and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GM Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Motors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with GM Stock

0.94	F	Ford Motor Earnings Call This Week	Pair Corr
0.64	LI	Li Auto	Pair Corr
0.75	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.93	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.75	ZK	ZEEKR Intelligent	Pair Corr
0.64	WKSP	Worksport	Pair Corr
0.81	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.7	FLYE	Fly E Group,	Pair Corr
0.87	ALV	Autoliv	Pair Corr
0.78	AXL	American Axle Manufa	Pair Corr
0.91	BWA	BorgWarner	Pair Corr
0.86	FOXF	Fox Factory Holding	Pair Corr
0.67	CPS	Cooper Stnd	Pair Corr
0.75	DAN	Dana Inc	Pair Corr
0.78	ECX	ECARX Holdings Class	Pair Corr
0.72	MBLY	Mobileye Global Class	Pair Corr
0.8	MPAA	Motorcar Parts	Pair Corr
0.65	NWTN	NWTN Class B	Pair Corr
0.92	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.76	M	Macys Inc	Pair Corr
0.86	W	Wayfair	Pair Corr
0.9	AN	AutoNation	Pair Corr
0.77	AS	Amer Sports,	Pair Corr
0.87	BC	Brunswick Earnings Call This Week	Pair Corr
0.8	BH	Biglari Holdings	Pair Corr
0.7	EM	Smart Share Global	Pair Corr
0.74	FL	Foot Locker	Pair Corr

Moving against GM Stock

0.67	MULN	Mullen Automotive	Pair Corr
0.62	ECDA	ECD Automotive Design	Pair Corr
0.57	EVTV	Envirotech Vehicles	Pair Corr
0.48	TM	Toyota Motor	Pair Corr
0.67	SG	Sweetgreen	Pair Corr
0.54	DNUT	Krispy Kreme	Pair Corr
0.45	JD	JD Inc Adr Aggressive Push	Pair Corr
0.33	DOGZ	Dogness International	Pair Corr

Related Correlations Analysis

	F	RIVN	TM	LCID	XPEV	BA	KO	JPM	DIS
F		0.17	-0.5	-0.11	-0.45	0.85	-0.51	0.91	0.81	F
RIVN	0.17		0.36	0.25	0.39	0.41	-0.18	0.23	0.42	RIVN
TM	-0.5	0.36		0.28	0.61	-0.28	0.28	-0.56	-0.44	TM
LCID	-0.11	0.25	0.28		0.37	-0.06	0.01	-0.21	-0.23	LCID
XPEV	-0.45	0.39	0.61	0.37		-0.29	0.23	-0.46	-0.31	XPEV
BA	0.85	0.41	-0.28	-0.06	-0.29		-0.53	0.89	0.9	BA
KO	-0.51	-0.18	0.28	0.01	0.23	-0.53		-0.57	-0.56	KO
JPM	0.91	0.23	-0.56	-0.21	-0.46	0.89	-0.57		0.94	JPM
DIS	0.81	0.42	-0.44	-0.23	-0.31	0.9	-0.56	0.94		DIS
	F	RIVN	TM	LCID	XPEV	BA	KO	JPM	DIS

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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

DIS	+ 0.94	JPM
JPM	+ 0.91	F
DIS	+ 0.9	BA
JPM	+ 0.89	BA
BA	+ 0.85	F
DIS	+ 0.81	F

High negative correlations

JPM	- 0.57	KO
DIS	- 0.56	KO
JPM	- 0.56	TM
KO	- 0.53	BA
KO	- 0.51	F
TM	- 0.5	F

Risk-Adjusted Indicators

There is a big difference between GM Stock performing well and GM 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 GM'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
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
RIVN	2.31	0.22	0.03	(2.67)	2.52	(2.46)	4.38	(3.53)	12.00
TM	1.20	(0.12)	0.00	(0.04)	0.00	0.00	2.55	(2.09)	7.01
LCID	3.44	0.27	0.08	0.37	3.40	(4.34)	8.66	(6.42)	18.81
XPEV	2.63	(0.28)	0.00	(0.17)	0.00	0.00	5.84	(6.02)	20.87
BA	1.34	0.48	0.31	0.90	0.97	(1.72)	3.47	(2.15)	10.85
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
DIS	1.17	0.43	0.46	0.55	0.33	(1.56)	2.96	(1.27)	12.45

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