Sonic Automotive Correlations

SAH Stock

USD 58.10 0.67 1.14%

The current 90-days correlation between Sonic Automotive and AutoNation is 0.87 (i.e., Very poor diversification). The correlation of Sonic Automotive 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.

Sonic Automotive Correlation With Market

Poor diversification

The correlation between Sonic Automotive and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonic Automotive and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonic 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 nation.

For more detail on how to invest in Sonic Stock please use our How to Invest in Sonic Automotive guide.

Moving together with Sonic Stock

0.86	DIBS	1StdibsCom	Pair Corr
0.91	HD	Home Depot	Pair Corr
0.76	HOUR	Hour Loop	Pair Corr
0.69	MNRO	Monro Muffler Brake	Pair Corr
0.67	DORM	Dorman Products	Pair Corr
0.72	AXL	American Axle Manufa	Pair Corr
0.66	FOXF	Fox Factory Holding	Pair Corr
0.64	DAN	Dana Inc	Pair Corr
0.86	SMP	Standard Motor Products	Pair Corr
0.84	GAMB	Gambling Group	Pair Corr
0.75	INSE	Inspired Entertainment	Pair Corr
0.7	ISPOW	Thayer Ventures Acqu	Pair Corr
0.65	PSNYW	Polestar Automotive	Pair Corr
0.82	ACEL	Accel Entertainment	Pair Corr
0.71	AYRO	AYRO Inc	Pair Corr
0.79	SWBI	Smith Wesson Brands	Pair Corr
0.76	CPHC	Canterbury Park Holding	Pair Corr
0.66	AMPH	Amphastar P	Pair Corr
0.82	KNTK	Kinetik Holdings	Pair Corr
0.68	MMSI	Merit Medical Systems	Pair Corr
0.81	GOOD	Gladstone Commercial	Pair Corr

Moving against Sonic Stock

0.63	RGR	Sturm Ruger	Pair Corr
0.46	MPAA	Motorcar Parts	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.42	ECXWW	ECARX Holdings Warrants	Pair Corr
0.54	KO	Coca Cola Aggressive Push	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	HSY	Hershey	Pair Corr
0.46	AFYA	Afya	Pair Corr

Related Correlations Analysis

	LAD	AN	ABG	PAG	GPI
LAD		0.96	0.9	0.75	0.82	LAD
AN	0.96		0.93	0.82	0.85	AN
ABG	0.9	0.93		0.88	0.89	ABG
PAG	0.75	0.82	0.88		0.9	PAG
GPI	0.82	0.85	0.89	0.9		GPI
	LAD	AN	ABG	PAG	GPI

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Risk-Adjusted Indicators

There is a big difference between Sonic Stock performing well and Sonic Automotive 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 Sonic Automotive'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
LAD	1.98	(0.15)	0.00	(0.19)	0.00	0.00	3.47	(3.77)	15.40
AN	1.76	0.04	0.00	(0.04)	0.00	0.00	2.67	(4.12)	15.35
ABG	2.13	0.03	0.00	(0.05)	0.00	0.00	3.85	(4.07)	19.01
PAG	1.67	0.09	0.04	0.01	2.02	(1.93)	2.90	(3.70)	12.44
GPI	1.84	(0.04)	0.00	0.11	0.00	0.00	2.78	(4.24)	14.83

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