Adient PLC Correlations

ADNT Stock

USD 24.41 0.12 0.49%

The current 90-days correlation between Adient PLC and Autoliv is 0.78 (i.e., Poor diversification). The correlation of Adient PLC 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.

Adient PLC Correlation With Market

Very weak diversification

The correlation between Adient PLC and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adient PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Adient Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adient PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with Adient Stock

0.87	SMP	Standard Motor Products	Pair Corr
0.87	MPAA	Motorcar Parts	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.61	PTBRY	Bank Negara Indonesia	Pair Corr
0.65	NTIP	Network 1 Technologies	Pair Corr
0.75	FNMFO	Federal National Mortgage	Pair Corr
0.73	TR	Tootsie Roll Industries	Pair Corr
0.75	UI	Ubiquiti Networks	Pair Corr
0.8	ACSAY	ACS Actividades De	Pair Corr
0.71	RR	Richtech Robotics Class Trending	Pair Corr
0.78	94986RYP0	US94986RYP09	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.68	PBNAF	Pembina Pipeline	Pair Corr
0.82	DOMH	Dominari Holdings	Pair Corr
0.78	BMEZ	BlackRock Health Sciences	Pair Corr
0.62	WAFU	Wah Fu Education	Pair Corr
0.8	DSVSF	Discovery Metals Corp	Pair Corr

Moving against Adient Stock

0.6	PBCRY	Bank Central Asia	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.47	PPERF	Bank Mandiri Persero	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.37	PPERY	Bank Mandiri Persero	Pair Corr
0.37	FORLW	Four Leaf Acquisition	Pair Corr

Related Correlations Analysis

	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO
GNTX		0.64	-0.05	0.74	0.03	0.79	0.86	-0.39	-0.37	0.6	GNTX
ALV	0.64		-0.42	0.93	0.62	0.89	0.83	-0.15	-0.15	0.91	ALV
FOXF	-0.05	-0.42		-0.31	-0.02	-0.38	-0.08	0.4	0.28	-0.52	FOXF
DAN	0.74	0.93	-0.31		0.56	0.93	0.89	-0.13	-0.2	0.82	DAN
LEA	0.03	0.62	-0.02	0.56		0.44	0.47	0.28	0.17	0.45	LEA
AXL	0.79	0.89	-0.38	0.93	0.44		0.91	-0.34	-0.3	0.82	AXL
VC	0.86	0.83	-0.08	0.89	0.47	0.91		-0.29	-0.29	0.71	VC
ALSN	-0.39	-0.15	0.4	-0.13	0.28	-0.34	-0.29		0.61	-0.24	ALSN
CVGI	-0.37	-0.15	0.28	-0.2	0.17	-0.3	-0.29	0.61		-0.15	CVGI
MNRO	0.6	0.91	-0.52	0.82	0.45	0.82	0.71	-0.24	-0.15		MNRO
	GNTX	ALV	FOXF	DAN	LEA	AXL	VC	ALSN	CVGI	MNRO

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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

DAN	+ 0.93	ALV
AXL	+ 0.93	DAN
MNRO	+ 0.91	ALV
VC	+ 0.91	AXL
AXL	+ 0.89	ALV
VC	+ 0.89	DAN

High negative correlations

MNRO	- 0.52	FOXF
FOXF	- 0.42	ALV
ALSN	- 0.39	GNTX
AXL	- 0.38	FOXF
CVGI	- 0.37	GNTX
ALSN	- 0.34	AXL

Risk-Adjusted Indicators

There is a big difference between Adient Stock performing well and Adient PLC 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 Adient PLC'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	1.31	0.17	0.18	0.19	0.88	(1.74)	2.33	(1.74)	18.44
ALV	1.03	(0.02)	0.01	0.05	1.30	(1.07)	2.43	(1.73)	5.58
FOXF	2.11	(0.36)	0.00	(0.09)	0.00	0.00	4.92	(4.89)	15.55
DAN	1.48	0.02	0.03	0.08	1.39	(1.86)	4.77	(2.35)	10.03
LEA	1.29	(0.12)	0.00	(0.02)	0.00	0.00	3.22	(2.47)	11.31
AXL	2.12	0.36	0.16	0.25	2.12	(2.41)	5.56	(4.61)	18.59
VC	1.41	0.13	0.13	0.14	1.20	(1.97)	3.83	(2.69)	7.74
ALSN	1.14	(0.27)	0.00	(0.15)	0.00	0.00	2.31	(2.18)	6.11
CVGI	3.10	(0.40)	0.00	(0.08)	0.00	0.00	5.56	(6.19)	17.91
MNRO	2.48	0.12	0.05	0.12	3.94	(2.68)	6.91	(4.10)	31.73

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