GM Correlations

GM Stock

USD 48.20 0.11 0.23%

The current 90-days correlation between General Motors and Tesla Inc is 0.09 (i.e., Significant 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

Good diversification

The correlation between General Motors and DJI is -0.07 (i.e., Good 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

0.7	MBLY	Mobileye Global Class Upward Rally	Pair Corr
0.67	VUZI	Vuzix Corp Cmn	Pair Corr
0.83	BBY	Best Buy	Pair Corr
0.67	QSR	Restaurant Brands Sell-off Trend	Pair Corr
0.71	PETS	PetMed Express	Pair Corr
0.68	PZZA	Papa Johns International	Pair Corr
0.85	BROS	Dutch Bros	Pair Corr
0.71	000572	Haima Automobile	Pair Corr

Moving against GM Stock

0.35	ZSPC	zSpace, Common stock	Pair Corr
0.31	WLDS	Wearable Devices	Pair Corr
0.55	INLX	Intellinetics	Pair Corr
0.48	RMIOF	Romios Gold Resources	Pair Corr
0.39	45687AAN2	INGERSOLL RAND GLOBAL	Pair Corr
0.35	RENE	Cartesian GrowthII	Pair Corr

Related Correlations Analysis

	TSLA	RIVN	NIO	XPEV	LCID	F	HMC	STLA	RACE	FSR
TSLA		0.9	-0.08	0.0	0.17	0.83	0.46	0.43	0.81	0.0	TSLA
RIVN	0.9		0.04	0.06	0.38	0.81	0.49	0.43	0.88	0.0	RIVN
NIO	-0.08	0.04		0.69	0.37	0.26	0.45	0.67	0.16	0.0	NIO
XPEV	0.0	0.06	0.69		0.16	0.24	0.18	0.66	0.09	0.0	XPEV
LCID	0.17	0.38	0.37	0.16		0.1	0.01	0.25	0.21	0.0	LCID
F	0.83	0.81	0.26	0.24	0.1		0.61	0.63	0.83	0.0	F
HMC	0.46	0.49	0.45	0.18	0.01	0.61		0.35	0.69	0.0	HMC
STLA	0.43	0.43	0.67	0.66	0.25	0.63	0.35		0.38	0.0	STLA
RACE	0.81	0.88	0.16	0.09	0.21	0.83	0.69	0.38		0.0	RACE
FSR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FSR
	TSLA	RIVN	NIO	XPEV	LCID	F	HMC	STLA	RACE	FSR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RIVN	+ 0.9	TSLA
RACE	+ 0.88	RIVN
F	+ 0.83	TSLA
RACE	+ 0.83	F
RACE	+ 0.81	TSLA
F	+ 0.81	RIVN

High negative correlations

NIO	- 0.08	TSLA
FSR	- 0.0	RACE
FSR	- 0.0	STLA
FSR	- 0.0	HMC
FSR	- 0.0	F
FSR	- 0.0	LCID

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
TSLA	3.70	0.66	0.14	0.31	3.92	(3.82)	8.23	(5.75)	36.95
RIVN	2.90	0.30	0.09	0.29	3.07	(3.15)	6.67	(4.69)	15.29
NIO	2.65	(0.59)	0.00	(0.57)	0.00	0.00	6.23	(5.78)	11.80
XPEV	3.25	(0.23)	0.00	2.30	0.00	0.00	7.34	(7.44)	20.87
LCID	3.26	(0.14)	0.00	(0.12)	0.00	0.00	7.46	(6.56)	18.81
F	1.70	0.10	0.04	0.13	2.24	(1.73)	2.90	(3.84)	13.07
HMC	1.40	(0.01)	0.00	0.10	0.00	0.00	2.75	(3.55)	13.72
STLA	2.72	(0.32)	0.00	(0.14)	0.00	0.00	5.73	(4.78)	30.60
RACE	1.23	0.02	0.01	0.06	1.63	(1.37)	2.85	(3.07)	11.65
FSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC