Lithia Motors Correlations

LAD Stock

USD 293.27 0.00 0.00%

The current 90-days correlation between Lithia Motors and AutoNation is 0.56 (i.e., Very weak diversification). The correlation of Lithia Motors 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.

Lithia Motors Correlation With Market

Very weak diversification

The correlation between Lithia Motors and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithia Motors and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lithia Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithia Motors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Lithia Stock refer to our How to Trade Lithia Stock guide.

Moving together with Lithia Stock

0.68	AN	AutoNation	Pair Corr
0.69	ABG	Asbury Automotive	Pair Corr

Moving against Lithia Stock

0.6	BKRKF	PT Bank Rakyat	Pair Corr
0.39	KXIN	Kaixin Auto Holdings	Pair Corr
0.34	LSRCY	Lasertec	Pair Corr
0.33	GEBHF	Genting Berhad	Pair Corr
0.52	NEE	Nextera Energy Aggressive Push	Pair Corr
0.41	XYL	Xylem Inc	Pair Corr
0.33	PATH	Uipath Inc	Pair Corr

Related Correlations Analysis

	AN	LKQ	KMX	LEVI	PAG	GAP	ABG	ALSN	VFS	MOD
AN		0.42	0.51	0.69	0.68	0.04	0.84	0.47	-0.22	-0.19	AN
LKQ	0.42		0.57	0.15	0.59	0.57	0.64	0.59	0.09	-0.21	LKQ
KMX	0.51	0.57		0.13	0.9	0.0	0.45	0.9	0.36	-0.55	KMX
LEVI	0.69	0.15	0.13		0.24	0.01	0.52	0.2	-0.31	0.02	LEVI
PAG	0.68	0.59	0.9	0.24		-0.11	0.66	0.87	0.4	-0.6	PAG
GAP	0.04	0.57	0.0	0.01	-0.11		0.18	0.03	-0.39	0.34	GAP
ABG	0.84	0.64	0.45	0.52	0.66	0.18		0.39	-0.01	-0.14	ABG
ALSN	0.47	0.59	0.9	0.2	0.87	0.03	0.39		0.38	-0.56	ALSN
VFS	-0.22	0.09	0.36	-0.31	0.4	-0.39	-0.01	0.38		-0.45	VFS
MOD	-0.19	-0.21	-0.55	0.02	-0.6	0.34	-0.14	-0.56	-0.45		MOD
	AN	LKQ	KMX	LEVI	PAG	GAP	ABG	ALSN	VFS	MOD

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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

PAG	+ 0.9	KMX
ALSN	+ 0.9	KMX
ALSN	+ 0.87	PAG
ABG	+ 0.84	AN
LEVI	+ 0.69	AN
PAG	+ 0.68	AN

High negative correlations

MOD	- 0.6	PAG
MOD	- 0.56	ALSN
MOD	- 0.55	KMX
MOD	- 0.45	VFS
VFS	- 0.39	GAP
VFS	- 0.31	LEVI

Risk-Adjusted Indicators

There is a big difference between Lithia Stock performing well and Lithia Motors 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 Lithia Motors' 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
AN	1.20	(0.11)	(0.05)	0.00	1.75	(1.05)	2.44	(2.35)	8.09
LKQ	1.35	(0.11)	(0.02)	0.03	1.69	(1.37)	3.04	(2.44)	10.05
KMX	2.21	(0.99)	0.00	(0.23)	0.00	0.00	3.75	(4.17)	28.35
LEVI	1.37	(0.13)	(0.02)	0.02	2.61	(1.33)	3.13	(2.60)	17.30
PAG	1.01	(0.25)	0.00	(0.12)	0.00	0.00	2.68	(1.84)	6.61
GAP	1.92	0.07	0.07	0.13	2.13	(2.03)	4.60	(3.28)	11.43
ABG	1.40	(0.16)	(0.04)	0.01	1.73	(1.48)	2.87	(3.10)	9.34
ALSN	1.12	(0.20)	0.00	(0.08)	0.00	0.00	2.16	(2.11)	5.80
VFS	1.60	(0.11)	0.00	(0.01)	0.00	0.00	3.18	(2.76)	9.01
MOD	2.35	0.08	0.07	0.14	2.32	(2.93)	5.48	(4.17)	14.74

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