Autoliv Correlations

ALV Stock

USD 122.34 5.04 3.96%

The current 90-days correlation between Autoliv and Gentex is 0.37 (i.e., Weak diversification). The correlation of Autoliv 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.

Autoliv Correlation With Market

Poor diversification

The correlation between Autoliv and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autoliv and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Autoliv Stock

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

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

Moving together with Autoliv Stock

0.86	SMP	Standard Motor Products	Pair Corr
0.91	MPAA	Motorcar Parts	Pair Corr
0.7	NTIP	Network 1 Technologies	Pair Corr
0.81	FNMFO	Federal National Mortgage	Pair Corr
0.68	TR	Tootsie Roll Industries	Pair Corr
0.83	UI	Ubiquiti Networks	Pair Corr
0.83	ACSAY	ACS Actividades De	Pair Corr
0.78	RR	Richtech Robotics Class Trending	Pair Corr
0.81	94986RYP0	US94986RYP09	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.64	EONR	EON Resources	Pair Corr
0.66	HWH	HWH International	Pair Corr
0.81	PBNAF	Pembina Pipeline	Pair Corr
0.83	DOMH	Dominari Holdings	Pair Corr
0.85	BMEZ	BlackRock Health Sciences	Pair Corr
0.71	WAFU	Wah Fu Education	Pair Corr
0.86	DSVSF	Discovery Metals Corp	Pair Corr

Moving against Autoliv Stock

0.7	PBCRY	Bank Central Asia	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.51	PPERY	Bank Mandiri Persero	Pair Corr
0.46	PBCRF	PT Bank Central	Pair Corr
0.45	PPERF	Bank Mandiri Persero	Pair Corr
0.38	FORLW	Four Leaf Acquisition	Pair Corr

Related Correlations Analysis

	GNTX	ADNT	FOXF	DAN	LEA	CVGI	AXL	DORM	SRI	BWA
GNTX		0.68	-0.06	0.73	0.03	-0.41	0.8	0.82	0.58	0.85	GNTX
ADNT	0.68		-0.3	0.89	0.57	-0.26	0.88	0.86	0.45	0.88	ADNT
FOXF	-0.06	-0.3		-0.32	-0.05	0.25	-0.37	-0.16	0.4	-0.32	FOXF
DAN	0.73	0.89	-0.32		0.57	-0.21	0.93	0.95	0.49	0.93	DAN
LEA	0.03	0.57	-0.05	0.57		0.16	0.44	0.45	0.3	0.37	LEA
CVGI	-0.41	-0.26	0.25	-0.21	0.16		-0.33	-0.3	0.07	-0.38	CVGI
AXL	0.8	0.88	-0.37	0.93	0.44	-0.33		0.92	0.42	0.95	AXL
DORM	0.82	0.86	-0.16	0.95	0.45	-0.3	0.92		0.53	0.95	DORM
SRI	0.58	0.45	0.4	0.49	0.3	0.07	0.42	0.53		0.43	SRI
BWA	0.85	0.88	-0.32	0.93	0.37	-0.38	0.95	0.95	0.43		BWA
	GNTX	ADNT	FOXF	DAN	LEA	CVGI	AXL	DORM	SRI	BWA

Please upgrade your account to get full access to Macroaxis premium features

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

DORM	+ 0.95	DAN
BWA	+ 0.95	AXL
BWA	+ 0.95	DORM
AXL	+ 0.93	DAN
BWA	+ 0.93	DAN
DORM	+ 0.92	AXL

High negative correlations

CVGI	- 0.41	GNTX
BWA	- 0.38	CVGI
AXL	- 0.37	FOXF
AXL	- 0.33	CVGI
BWA	- 0.32	FOXF
DAN	- 0.32	FOXF

Risk-Adjusted Indicators

There is a big difference between Autoliv Stock performing well and Autoliv 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 Autoliv'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	1.30	0.20	0.21	0.20	0.82	(1.74)	2.33	(1.73)	18.44
ADNT	1.58	0.12	0.11	0.11	1.48	(1.97)	4.06	(2.73)	8.11
FOXF	2.10	(0.32)	0.00	(0.09)	0.00	0.00	4.92	(4.89)	15.55
DAN	1.45	0.08	0.08	0.11	1.20	(1.86)	4.77	(2.33)	10.03
LEA	1.25	(0.07)	(0.02)	0.01	2.05	(1.16)	3.22	(2.45)	11.31
CVGI	3.16	(0.27)	0.00	(0.06)	0.00	0.00	5.56	(6.19)	17.91
AXL	2.05	0.46	0.21	0.31	1.86	(2.41)	5.56	(3.31)	18.59
DORM	1.67	0.11	0.09	0.10	1.73	(1.95)	4.77	(2.50)	11.40
SRI	2.78	(0.22)	0.00	(0.03)	0.00	0.00	7.11	(6.00)	17.46
BWA	1.08	0.29	0.27	0.28	0.82	(1.29)	3.32	(1.67)	8.24

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC