Penske Automotive Correlations

PAG Stock

USD 171.03 4.61 2.77%

The current 90-days correlation between Penske Automotive and Group 1 Automotive is 0.88 (i.e., Very poor diversification). The correlation of Penske Automotive 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.

Penske Automotive Correlation With Market

Very weak diversification

The correlation between Penske Automotive Group and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Penske Automotive Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penske Automotive Group. 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.

Moving together with Penske Stock

0.9	W	Wayfair	Pair Corr
0.77	DIBS	1StdibsCom	Pair Corr
0.97	AN	AutoNation Earnings Call This Week	Pair Corr
0.75	FL	Foot Locker Sell-off Trend	Pair Corr
0.83	JL	J Long Group	Pair Corr
0.71	LE	Lands End	Pair Corr
0.62	YJ	Yunji Inc	Pair Corr
0.73	DLTH	Duluth Holdings	Pair Corr
0.75	VIPS	Vipshop Holdings	Pair Corr
0.73	EPSM	Epsium Enterprise	Pair Corr
0.72	ANF	Abercrombie Fitch	Pair Corr
0.63	BBY	Best Buy	Pair Corr
0.86	BKE	Buckle Inc	Pair Corr
0.72	FND	Floor Decor Holdings Earnings Call This Week	Pair Corr
0.82	GES	Guess Inc	Pair Corr
0.84	HVT	Haverty Furniture Earnings Call This Week	Pair Corr
0.86	GRPN	Groupon	Pair Corr
0.68	ZUMZ	Zumiez Inc	Pair Corr

Moving against Penske Stock

0.56	JD	JD Inc Adr Aggressive Push	Pair Corr
0.64	LVLU	Lulus Fashion Lounge Buyout Trend	Pair Corr
0.51	AEO	American Eagle Outfitters	Pair Corr
0.46	CAL	Continental	Pair Corr
0.41	TJX	TJX Companies	Pair Corr
0.77	CURV	Torrid Holdings	Pair Corr
0.76	MUSA	Murphy USA	Pair Corr
0.54	ROST	Ross Stores	Pair Corr
0.42	PLCE	Childrens Place Trending	Pair Corr

Related Correlations Analysis

	GPI	LAD	AN	ABG	SAH
GPI		0.94	0.87	0.93	0.83	GPI
LAD	0.94		0.93	0.95	0.93	LAD
AN	0.87	0.93		0.94	0.97	AN
ABG	0.93	0.95	0.94		0.93	ABG
SAH	0.83	0.93	0.97	0.93		SAH
	GPI	LAD	AN	ABG	SAH

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Risk-Adjusted Indicators

There is a big difference between Penske Stock performing well and Penske Automotive 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 Penske Automotive'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
GPI	1.45	(0.08)	(0.03)	0.09	2.10	(1.55)	3.56	(2.18)	12.69
LAD	1.49	(0.01)	0.00	0.16	2.32	(1.41)	4.08	(4.17)	12.40
AN	1.23	0.18	0.11	0.36	1.24	(1.42)	2.69	(1.93)	9.19
ABG	1.57	(0.06)	(0.02)	0.12	2.17	(1.61)	3.68	(3.00)	12.35
SAH	1.34	0.29	0.10	0.47	2.20	(1.45)	3.50	(1.79)	15.51

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