Autoliv Correlations

ALV Stock

USD 93.69 0.38 0.41%

The current 90-days correlation between Autoliv and Gentex is -0.01 (i.e., Good 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 0.72 (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 bureau of economic analysis.

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

Moving together with Autoliv Stock

0.93	VC	Visteon Corp	Pair Corr
0.88	BWA	BorgWarner	Pair Corr
0.84	DAN	Dana Inc	Pair Corr
0.71	MGA	Magna International Sell-off Trend	Pair Corr
0.7	THO	Thor Industries	Pair Corr
0.63	NWTN	NWTN Class B	Pair Corr
0.73	RACE	Ferrari NV	Pair Corr
0.8	ADNT	Adient PLC Potential Growth	Pair Corr
0.84	APTV	Aptiv PLC	Pair Corr
0.63	H	Hyatt Hotels Earnings Call Today	Pair Corr
0.69	BC	Brunswick	Pair Corr
0.74	BH	Biglari Holdings Earnings Call Tomorrow	Pair Corr
0.69	BQ	Boqii Holding Limited	Pair Corr
0.66	FL	Foot Locker	Pair Corr
0.63	HD	Home Depot Earnings Call This Week	Pair Corr
0.66	RH	RH	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.72	WH	Wyndham Hotels Resorts	Pair Corr

Moving against Autoliv Stock

0.61

VSTA

Vasta Platform

Pair Corr

Related Correlations Analysis

	GNTX	ADNT	FOXF	DAN	LEA	CVGI	AXL	DORM	SRI	BWA
GNTX		0.83	0.95	0.76	0.82	0.9	0.82	0.91	0.7	0.78	GNTX
ADNT	0.83		0.83	0.94	0.85	0.9	0.95	0.76	0.36	0.85	ADNT
FOXF	0.95	0.83		0.77	0.84	0.92	0.86	0.96	0.76	0.75	FOXF
DAN	0.76	0.94	0.77		0.87	0.78	0.93	0.72	0.39	0.91	DAN
LEA	0.82	0.85	0.84	0.87		0.81	0.89	0.78	0.61	0.83	LEA
CVGI	0.9	0.9	0.92	0.78	0.81		0.9	0.88	0.57	0.72	CVGI
AXL	0.82	0.95	0.86	0.93	0.89	0.9		0.79	0.47	0.86	AXL
DORM	0.91	0.76	0.96	0.72	0.78	0.88	0.79		0.81	0.7	DORM
SRI	0.7	0.36	0.76	0.39	0.61	0.57	0.47	0.81		0.47	SRI
BWA	0.78	0.85	0.75	0.91	0.83	0.72	0.86	0.7	0.47		BWA
	GNTX	ADNT	FOXF	DAN	LEA	CVGI	AXL	DORM	SRI	BWA

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GNTX	1.50	(0.40)	3.51	2.33	(3.90)	9.16
ADNT	2.86	(0.22)	(0.27)	5.38	(6.63)	25.92
FOXF	2.71	(0.43)	0.72	3.98	(6.70)	29.11
DAN	2.85	0.19	(0.03)	5.58	(6.21)	26.34
LEA	1.96	0.05	(0.08)	4.10	(4.17)	18.12
CVGI	4.35	(1.28)	1.31	8.42	(8.94)	30.63
AXL	2.88	(0.10)	(0.20)	8.42	(5.48)	22.06
DORM	1.41	(0.21)	(14.84)	2.71	(3.55)	11.00
SRI	4.01	(0.22)	0.33	10.47	(11.07)	32.82
BWA	1.86	0.02	(0.11)	3.31	(4.54)	12.79

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