Group 1 Correlations

GPI Stock

USD 459.54 15.33 3.45%

The current 90-days correlation between Group 1 Automotive and Penske Automotive Group is 0.88 (i.e., Very poor diversification). The correlation of Group 1 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.

Group 1 Correlation With Market

Weak diversification

The correlation between Group 1 Automotive and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Group 1 Automotive and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Group Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Group 1 Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Group Stock

0.67	AN	AutoNation	Pair Corr
0.89	ABG	Asbury Automotive	Pair Corr
0.67	BBY	Best Buy	Pair Corr
0.83	LAD	Lithia Motors	Pair Corr
0.7	PAG	Penske Automotive	Pair Corr
0.71	SAH	Sonic Automotive	Pair Corr

Moving against Group Stock

0.46	RAY	Raytech Holding	Pair Corr
0.57	BABA	Alibaba Group Holding Earnings Call Tomorrow	Pair Corr
0.56	IH	Ihuman Inc	Pair Corr
0.39	HTLM	HomesToLife	Pair Corr

Related Correlations Analysis

	PAG	LAD	AN	ABG	SAH
PAG		0.45	0.92	0.71	0.86	PAG
LAD	0.45		0.53	0.91	0.69	LAD
AN	0.92	0.53		0.79	0.94	AN
ABG	0.71	0.91	0.79		0.86	ABG
SAH	0.86	0.69	0.94	0.86		SAH
	PAG	LAD	AN	ABG	SAH

Risk-Adjusted Indicators

There is a big difference between Group Stock performing well and Group 1 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 Group 1'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
PAG	1.35	0.09	0.04	0.23	1.65	(1.43)	2.77	(2.70)	9.90
LAD	1.53	(0.18)	0.00	(0.03)	0.00	0.00	2.79	(4.17)	11.20
AN	1.29	0.05	0.03	0.18	1.50	(1.38)	2.88	(2.88)	8.13
ABG	1.65	(0.10)	(0.02)	0.05	2.46	(1.54)	3.22	(3.56)	11.84
SAH	1.72	0.14	0.05	0.24	2.92	(1.66)	3.50	(3.40)	14.87

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