Group 1 Correlations
| GPI Stock | USD 391.91 0.06 0.02% |
The current 90-days correlation between Group 1 Automotive and Resources Connection is 0.01 (i.e., Significant 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 0.38 (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.
Moving together with Group Stock
| 0.85 | AN | AutoNation | PairCorr |
| 0.88 | ABG | Asbury Automotive | PairCorr |
| 0.89 | KMX | CarMax Inc | PairCorr |
| 0.8 | LAD | Lithia Motors | PairCorr |
| 0.95 | PAG | Penske Automotive | PairCorr |
| 0.73 | JZXN | Jiuzi Holdings | PairCorr |
| 0.8 | 002607 | Offcn Education Tech | PairCorr |
| 0.63 | JPSTF | JAPAN POST BANK | PairCorr |
Moving against Group Stock
| 0.9 | LSRCY | Lasertec | PairCorr |
| 0.86 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.61 | GEBHF | Genting Berhad | PairCorr |
| 0.45 | KXIN | Kaixin Auto Holdings | PairCorr |
| 0.83 | INVX | Innovex International, | PairCorr |
| 0.78 | NEE | Nextera Energy | PairCorr |
| 0.77 | XYL | Xylem Inc | PairCorr |
| 0.65 | PATH | Uipath Inc | PairCorr |
| 0.64 | CVI | CVR Energy | PairCorr |
| 0.64 | BK | Bank of New York | PairCorr |
| 0.6 | FET | Forum Energy Technologies Earnings Call Today | PairCorr |
| 0.55 | BHR-PD | Braemar Hotels Resorts | PairCorr |
| 0.51 | GS | Goldman Sachs Group | PairCorr |
| 0.45 | BLNK | Blink Charging | PairCorr |
| 0.43 | DRDGF | Drdgold | PairCorr |
| 0.42 | UEC | Uranium Energy Corp | PairCorr |
| 0.4 | PLG | Platinum Group Metals | PairCorr |
| 0.31 | CGUD | Com GuardCom | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RGP | 2.26 | 0.05 | 0.01 | 0.14 | 2.48 | 4.68 | 11.68 | |||
| FCEL | 5.70 | 1.10 | 0.17 | (0.78) | 4.95 | 14.83 | 35.91 | |||
| ONEG | 3.42 | (0.66) | 0.00 | (1.13) | 0.00 | 5.07 | 22.27 | |||
| ISSC | 2.52 | (0.79) | 0.00 | (0.31) | 0.00 | 5.10 | 11.98 | |||
| ESOA | 2.41 | 0.14 | 0.01 | (0.15) | 2.75 | 6.01 | 19.59 | |||
| ROMA | 4.71 | 0.28 | 0.03 | (0.81) | 5.29 | 15.12 | 49.83 | |||
| FORR | 2.40 | (0.42) | 0.00 | (0.22) | 0.00 | 3.74 | 19.50 | |||
| SKBL | 9.32 | 3.66 | 0.47 | (1.98) | 6.31 | 25.87 | 70.32 |