Gentex Correlations

GNTX Stock

USD 28.01 0.14 0.50%

The current 90-days correlation between Gentex and Autoliv is -0.12 (i.e., Good diversification). The correlation of Gentex 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.

Gentex Correlation With Market

Very weak diversification

The correlation between Gentex and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gentex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gentex Stock

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

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

Moving together with Gentex Stock

0.67	F	Ford Motor	Pair Corr
0.87	GM	General Motors	Pair Corr
0.64	TM	Toyota Motor	Pair Corr
0.9	VC	Visteon Corp	Pair Corr
0.89	BWA	BorgWarner	Pair Corr
0.86	MGA	Magna International Sell-off Trend	Pair Corr
0.9	MOD	Modine Manufacturing	Pair Corr
0.86	NIO	Nio Class A Earnings Call This Week	Pair Corr
0.87	THO	Thor Industries	Pair Corr
0.65	INVZ	Innoviz Technologies	Pair Corr
0.79	ADNT	Adient PLC	Pair Corr
0.75	BC	Brunswick	Pair Corr
0.81	FL	Foot Locker Earnings Call This Week	Pair Corr
0.86	HD	Home Depot Sell-off Trend	Pair Corr
0.74	IH	Ihuman Inc	Pair Corr
0.86	LE	Lands End	Pair Corr
0.77	RL	Ralph Lauren Corp	Pair Corr
0.77	DOOO	BRP Inc Upward Rally	Pair Corr
0.74	FLUT	Flutter Entertainment plc	Pair Corr
0.84	ANF	Abercrombie Fitch	Pair Corr
0.79	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr

Moving against Gentex Stock

0.89	NWTN	NWTN Class B	Pair Corr
0.7	LI	Li Auto	Pair Corr
0.45	VFSWW	VinFast Auto	Pair Corr
0.64	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.49	VEEE	Twin Vee Powercats	Pair Corr
0.44	GV	Visionary Education	Pair Corr
0.41	WING	Wingstop	Pair Corr
0.85	CMG	Chipotle Mexican Grill	Pair Corr
0.8	DRI	Darden Restaurants	Pair Corr

Related Correlations Analysis

	ADNT	ALV	FOXF	DAN	LEA	DORM	BWA	MNRO	MPAA
ADNT		0.93	0.72	0.49	0.84	0.54	0.81	0.34	0.64	ADNT
ALV	0.93		0.58	0.65	0.89	0.57	0.8	0.45	0.67	ALV
FOXF	0.72	0.58		0.24	0.54	0.46	0.67	0.46	0.55	FOXF
DAN	0.49	0.65	0.24		0.47	0.86	0.74	0.51	0.76	DAN
LEA	0.84	0.89	0.54	0.47		0.38	0.64	0.47	0.61	LEA
DORM	0.54	0.57	0.46	0.86	0.38		0.89	0.46	0.86	DORM
BWA	0.81	0.8	0.67	0.74	0.64	0.89		0.43	0.84	BWA
MNRO	0.34	0.45	0.46	0.51	0.47	0.46	0.43		0.57	MNRO
MPAA	0.64	0.67	0.55	0.76	0.61	0.86	0.84	0.57		MPAA
	ADNT	ALV	FOXF	DAN	LEA	DORM	BWA	MNRO	MPAA

Risk-Adjusted Indicators

There is a big difference between Gentex Stock performing well and Gentex 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 Gentex'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
ADNT	1.98	0.52	0.36	0.37	1.25	(2.50)	5.47	(2.94)	11.43
ALV	1.14	0.28	0.11	(2.36)	1.10	(1.28)	2.86	(1.73)	7.28
FOXF	2.12	0.03	0.07	0.12	2.30	(2.39)	6.08	(4.12)	15.55
DAN	1.54	0.30	0.11	(0.98)	1.19	(1.89)	4.77	(2.35)	9.96
LEA	1.46	0.29	0.08	(25.04)	1.77	(1.57)	4.53	(2.47)	14.06
DORM	1.47	0.17	0.16	0.20	1.35	(1.69)	4.77	(2.78)	11.40
BWA	1.26	0.42	0.23	(1.05)	0.87	(1.56)	3.92	(1.72)	7.62
MNRO	3.54	0.58	0.11	1.15	4.34	(4.15)	7.85	(5.25)	51.12
MPAA	2.84	0.38	0.09	0.43	3.76	(3.07)	6.89	(4.15)	25.67

Gentex Corporate Management

Scott Ryan	Assistant General Counsel and Corporate Secretary	Profile
Craig Piersma	Vice Communications	Profile
Josh OBerski	Marketing and Investor Relations	Profile
Paul Flynn	Vice Operations	Profile
Joseph IV	VP Officer	Profile

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