Rush Enterprises Correlations

RUSHB Stock

USD 52.26 0.20 0.38%

The current 90-days correlation between Rush Enterprises B and Rush Enterprises A is 0.86 (i.e., Very poor diversification). The correlation of Rush Enterprises 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.

Rush Enterprises Correlation With Market

Poor diversification

The correlation between Rush Enterprises B and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rush Enterprises B 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 Rush Enterprises B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Rush Stock

0.62	VRM	Vroom, Common Stock	Pair Corr
0.75	VIRC	Virco Manufacturing	Pair Corr
0.82	GPK	Graphic Packaging Holding Earnings Call This Week	Pair Corr

Moving against Rush Stock

0.66	KFS	Kingsway Financial	Pair Corr
0.52	F-PC	Ford Motor	Pair Corr
0.47	CARG	CarGurus	Pair Corr
0.45	OI	O I Glass Earnings Call Next Week	Pair Corr
0.43	MB	MasterBeef Group Ordinary	Pair Corr
0.42	DRVN	Driven Brands Holdings	Pair Corr
0.4	F-PD	F PD	Pair Corr
0.39	F-PB	Ford Motor	Pair Corr
0.33	VVV	Valvoline	Pair Corr
0.7	EVRI	Everi Holdings	Pair Corr
0.56	KAR	KAR Auction Services	Pair Corr
0.54	CCK	Crown Holdings	Pair Corr
0.5	WBUY	WEBUY GLOBAL LTD Downward Rally	Pair Corr
0.49	FIGS	Figs Inc	Pair Corr
0.47	GEF	Greif Bros	Pair Corr
0.46	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.44	AGS	PlayAGS	Pair Corr
0.44	CYD	China Yuchai Interna	Pair Corr
0.43	KRT	Karat Packaging	Pair Corr
0.76	MRM	Medirom Healthcare	Pair Corr
0.64	MYE	Myers Industries	Pair Corr
0.61	SEE	Sealed Air	Pair Corr
0.59	TRS	TriMas Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	RUSHA	KFS	GPI	KAR	CARS	QCRH	PFIS	SENEA	RBCAA
RUSHA		0.39	0.52	0.44	0.63	0.63	0.45	0.56	0.46	RUSHA
KFS	0.39		0.73	0.91	0.18	0.49	0.82	0.83	0.62	KFS
GPI	0.52	0.73		0.8	0.24	0.6	0.86	0.69	0.78	GPI
KAR	0.44	0.91	0.8		0.15	0.69	0.94	0.84	0.76	KAR
CARS	0.63	0.18	0.24	0.15		0.53	0.23	0.5	0.45	CARS
QCRH	0.63	0.49	0.6	0.69	0.53		0.79	0.74	0.82	QCRH
PFIS	0.45	0.82	0.86	0.94	0.23	0.79		0.85	0.91	PFIS
SENEA	0.56	0.83	0.69	0.84	0.5	0.74	0.85		0.82	SENEA
RBCAA	0.46	0.62	0.78	0.76	0.45	0.82	0.91	0.82		RBCAA
	RUSHA	KFS	GPI	KAR	CARS	QCRH	PFIS	SENEA	RBCAA

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Risk-Adjusted Indicators

There is a big difference between Rush Stock performing well and Rush Enterprises 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 Rush Enterprises' 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
RUSHA	1.51	(0.23)	0.00	(0.03)	0.00	0.00	2.85	(3.33)	8.98
KFS	2.32	0.82	0.34	1.05	1.65	(2.69)	7.98	(3.21)	18.34
GPI	1.46	(0.07)	(0.03)	0.06	2.09	(1.63)	3.56	(2.18)	12.69
KAR	1.24	0.36	0.25	0.52	0.93	(1.45)	2.94	(2.30)	16.30
CARS	1.95	0.11	0.03	0.26	2.79	(2.03)	4.33	(3.80)	13.59
QCRH	1.35	0.12	0.08	0.25	1.29	(1.48)	2.86	(2.38)	6.36
PFIS	1.49	0.22	0.16	0.30	1.24	(1.72)	4.01	(2.33)	7.45
SENEA	1.45	0.20	0.10	0.39	1.39	(1.62)	3.16	(2.59)	8.40
RBCAA	1.20	0.24	0.15	0.40	1.06	(1.34)	3.24	(2.12)	7.23

Rush Enterprises Corporate Management

Martin Naegelin	Executive VP	Profile
Michael McRoberts	Sr. VP of Dealer Operations	Profile
Jorgan Peterson	Senior Dealerships	Profile
Marvin III	CEO Chairman	Profile
Karen Konecny	VP Communications	Profile

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