Group 1 Correlations

GPI Stock

USD 477.22 2.91 0.61%

The current 90-days correlation between Group 1 Automotive and Penske Automotive Group is 0.91 (i.e., Almost no 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

Very good diversification

The correlation between Group 1 Automotive and DJI is -0.29 (i.e., Very good 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.

Build AI portfolio with Group Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Group 1 Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Group Stock

0.76	M	Macys Inc	Pair Corr
0.9	W	Wayfair	Pair Corr
0.67	DIBS	1StdibsCom	Pair Corr
0.96	AN	AutoNation Earnings Call This Week	Pair Corr
0.75	FL	Foot Locker	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.8	JL	J Long Group	Pair Corr
0.71	LE	Lands End	Pair Corr
0.77	RH	RH	Pair Corr
0.86	VIPS	Vipshop Holdings	Pair Corr
0.78	EPSM	Epsium Enterprise Trending	Pair Corr
0.81	ANF	Abercrombie Fitch	Pair Corr
0.77	BBY	Best Buy	Pair Corr
0.87	BKE	Buckle Inc	Pair Corr
0.72	GCO	Genesco	Pair Corr
0.82	GES	Guess Inc	Pair Corr
0.63	HVT	Haverty Furniture	Pair Corr
0.82	GRPN	Groupon	Pair Corr
0.71	MELI	MercadoLibre	Pair Corr

Moving against Group Stock

0.43	JD	JD Inc Adr	Pair Corr
0.61	LVLU	Lulus Fashion Lounge	Pair Corr
0.62	MUSA	Murphy USA	Pair Corr
0.46	CURV	Torrid Holdings	Pair Corr
0.36	PLCE	Childrens Place	Pair Corr
0.34	TLYS	Tillys Inc	Pair Corr

Related Correlations Analysis

	PAG	LAD	AN	ABG	SAH
PAG		0.93	0.99	0.88	0.97	PAG
LAD	0.93		0.94	0.94	0.95	LAD
AN	0.99	0.94		0.9	0.97	AN
ABG	0.88	0.94	0.9		0.91	ABG
SAH	0.97	0.95	0.97	0.91		SAH
	PAG	LAD	AN	ABG	SAH

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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
PAG	1.26	0.50	0.15	(1.32)	0.68	(1.59)	3.32	(1.80)	11.66
LAD	1.55	0.09	0.08	0.32	1.61	(1.73)	4.10	(2.66)	17.50
AN	1.39	0.57	0.16	(1.10)	0.98	(1.75)	3.39	(1.54)	15.35
ABG	1.68	0.04	0.06	0.29	1.54	(1.98)	4.03	(2.68)	14.67
SAH	1.40	0.79	0.28	(1.48)	0.96	(1.75)	3.69	(1.79)	14.37

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