Lear Correlations

LEA Stock

USD 126.15 4.61 3.79%

The current 90-days correlation between Lear and Gentex is 0.47 (i.e., Very weak diversification). The correlation of Lear 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.

Lear Correlation With Market

Very weak diversification

The correlation between Lear Corp. and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lear Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lear Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lear Corporation. 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.

Moving together with Lear Stock

0.73	000678	Xiangyang Automobile	Pair Corr
0.77	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.8	605255	Ningbo Tip Rubber	Pair Corr
0.9	000901	Aerospace Hi Tech	Pair Corr
0.63	601279	Changchun Engley Aut	Pair Corr
0.69	CUB	Lionheart Holdings	Pair Corr
0.92	LION	Lionsgate Studios Holding	Pair Corr
0.79	KGC	Kinross Gold Aggressive Push	Pair Corr
0.69	CRS	Carpenter Technology Downward Rally	Pair Corr
0.68	WEICF	Weichai Power	Pair Corr
0.77	BEN	Franklin Resources	Pair Corr
0.63	ASXSF	Elysee Development Corp	Pair Corr
0.89	RY	Royal Bank	Pair Corr
0.69	LOCO	El Pollo Loco	Pair Corr

Moving against Lear Stock

0.85	EVTV	Envirotech Vehicles	Pair Corr
0.8	LAZR	Luminar Technologies	Pair Corr
0.77	600698	Hunan Tyen Machinery	Pair Corr
0.76	INVZ	Innoviz Technologies	Pair Corr
0.74	301072	Zhongjie Technology CoLtd	Pair Corr
0.72	002265	Yunnan Xiyi Industrial	Pair Corr
0.64	300998	Ningbo Fangzheng Aut	Pair Corr
0.58	MPAA	Motorcar Parts	Pair Corr
0.83	KG	Kestrel Group Symbol Change	Pair Corr
0.52	300825	Iat Automobile Technology	Pair Corr
0.47	605128	Shanghai Yanpu Metal	Pair Corr

Related Correlations Analysis

	GNTX	ALSN	GPI	KMX	MAT	URBN	THO	TMHC	WH	DORM
GNTX		-0.19	0.81	0.75	-0.46	0.04	0.29	0.45	0.73	0.64	GNTX
ALSN	-0.19		-0.09	0.05	0.76	0.89	0.33	0.0	0.38	-0.64	ALSN
GPI	0.81	-0.09		0.72	-0.31	0.17	0.33	0.62	0.62	0.64	GPI
KMX	0.75	0.05	0.72		-0.19	0.31	0.54	0.44	0.65	0.51	KMX
MAT	-0.46	0.76	-0.31	-0.19		0.68	0.27	0.1	-0.03	-0.62	MAT
URBN	0.04	0.89	0.17	0.31	0.68		0.42	0.35	0.5	-0.43	URBN
THO	0.29	0.33	0.33	0.54	0.27	0.42		0.2	0.44	0.27	THO
TMHC	0.45	0.0	0.62	0.44	0.1	0.35	0.2		0.32	0.33	TMHC
WH	0.73	0.38	0.62	0.65	-0.03	0.5	0.44	0.32		0.24	WH
DORM	0.64	-0.64	0.64	0.51	-0.62	-0.43	0.27	0.33	0.24		DORM
	GNTX	ALSN	GPI	KMX	MAT	URBN	THO	TMHC	WH	DORM

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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

URBN	+ 0.89	ALSN
GPI	+ 0.81	GNTX
MAT	+ 0.76	ALSN
KMX	+ 0.75	GNTX
WH	+ 0.73	GNTX
KMX	+ 0.72	GPI

High negative correlations

DORM	- 0.64	ALSN
DORM	- 0.62	MAT
MAT	- 0.46	GNTX
DORM	- 0.43	URBN
MAT	- 0.31	GPI
MAT	- 0.19	KMX

Risk-Adjusted Indicators

There is a big difference between Lear Stock performing well and Lear 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 Lear'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
GNTX	1.08	(0.19)	0.00	(0.19)	0.00	0.00	2.07	(2.30)	12.10
ALSN	1.30	0.21	0.16	0.27	1.10	(1.55)	2.91	(2.09)	6.81
GPI	1.32	(0.17)	0.00	(0.14)	0.00	0.00	2.79	(2.48)	10.14
KMX	2.20	(0.16)	(0.01)	0.00	5.04	(2.02)	5.33	(4.21)	28.21
MAT	1.71	0.21	0.11	0.21	1.90	(1.84)	3.98	(3.40)	8.61
URBN	2.08	0.10	0.06	0.15	2.11	(2.42)	5.28	(4.02)	18.04
THO	1.64	(0.02)	(0.01)	0.06	2.41	(1.70)	3.62	(2.92)	14.53
TMHC	1.22	(0.21)	0.00	(0.12)	0.00	0.00	3.86	(2.87)	7.86
WH	1.41	(0.07)	(0.04)	0.00	1.66	(1.61)	3.15	(2.72)	8.29
DORM	1.40	(0.26)	0.00	(0.23)	0.00	0.00	3.69	(2.71)	13.70

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