Monro Muffler Correlations

Monro Muffler Correlation With Market

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

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 SMP + 0.95 DORM PLOW + 0.92 DORM SMP + 0.92 MPAA MPAA + 0.85 DORM SMP + 0.84 PLOW PLOW + 0.76 MPAA

High negative correlations SMP - 0.82 SLGN SLGN - 0.79 DORM SLGN - 0.73 MPAA SLGN - 0.57 PLOW SRI - 0.24 SLGN

Risk-Adjusted Indicators

There is a big difference between Monro Stock performing well and Monro Muffler 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 Monro Muffler'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.