Gentherm Correlations

THRM Stock

USD 31.99 1.10 3.56%

The current 90-days correlation between Gentherm and Monro Muffler Brake is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gentherm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gentherm moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gentherm Correlation With Market

Very weak diversification

The correlation between Gentherm and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gentherm and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gentherm Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Gentherm. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Gentherm Stock, please use our How to Invest in Gentherm guide.

Moving together with Gentherm Stock

0.93	F	Ford Motor Earnings Call This Week	Pair Corr
0.9	GM	General Motors	Pair Corr
0.64	LI	Li Auto	Pair Corr
0.78	QS	Quantumscape Corp Buyout Trend	Pair Corr
0.93	VC	Visteon Corp Earnings Call Today	Pair Corr
0.71	ZK	ZEEKR Intelligent	Pair Corr
0.7	WKSP	Worksport	Pair Corr
0.86	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.78	FLYE	Fly E Group,	Pair Corr
0.9	ALV	Autoliv	Pair Corr
0.74	AXL	American Axle Manufa Potential Growth	Pair Corr
0.92	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.82	FOXF	Fox Factory Holding	Pair Corr
0.68	CPS	Cooper Stnd Earnings Call This Week	Pair Corr
0.77	DAN	Dana Inc Earnings Call This Week	Pair Corr
0.78	ECX	ECARX Holdings Class	Pair Corr
0.7	MBLY	Mobileye Global Class Earnings Call This Week	Pair Corr
0.73	MPAA	Motorcar Parts	Pair Corr
0.94	H	Hyatt Hotels Earnings Call Tomorrow	Pair Corr
0.75	M	Macys Inc Earnings Call This Week	Pair Corr
0.9	W	Wayfair	Pair Corr
0.67	DIBS	1StdibsCom	Pair Corr
0.91	AN	AutoNation Earnings Call This Week	Pair Corr
0.78	AS	Amer Sports,	Pair Corr
0.91	BC	Brunswick Earnings Call Tomorrow	Pair Corr
0.89	BH	Biglari Holdings	Pair Corr
0.8	EM	Smart Share Global	Pair Corr
0.71	FL	Foot Locker Sell-off Trend	Pair Corr

Moving against Gentherm Stock

0.78	MULN	Mullen Automotive	Pair Corr
0.67	ECDA	ECD Automotive Design	Pair Corr
0.62	EVTV	Envirotech Vehicles	Pair Corr
0.56	TM	Toyota Motor	Pair Corr
0.64	SG	Sweetgreen	Pair Corr
0.44	JD	JD Inc Adr Aggressive Push	Pair Corr
0.44	DNUT	Krispy Kreme Trending	Pair Corr
0.38	DOGZ	Dogness International	Pair Corr

Related Correlations Analysis

	MNRO	MPAA	SMP	SRI	PLOW	DORM	SUP	CPS	VC	LEA
MNRO		0.55	0.48	0.62	0.43	0.17	-0.52	0.1	0.44	0.42	MNRO
MPAA	0.55		0.78	0.73	0.76	0.68	-0.8	0.65	0.68	0.74	MPAA
SMP	0.48	0.78		0.91	0.95	0.69	-0.81	0.81	0.85	0.88	SMP
SRI	0.62	0.73	0.91		0.91	0.46	-0.79	0.57	0.89	0.88	SRI
PLOW	0.43	0.76	0.95	0.91		0.74	-0.84	0.78	0.81	0.85	PLOW
DORM	0.17	0.68	0.69	0.46	0.74		-0.69	0.83	0.38	0.49	DORM
SUP	-0.52	-0.8	-0.81	-0.79	-0.84	-0.69		-0.57	-0.71	-0.73	SUP
CPS	0.1	0.65	0.81	0.57	0.78	0.83	-0.57		0.6	0.68	CPS
VC	0.44	0.68	0.85	0.89	0.81	0.38	-0.71	0.6		0.98	VC
LEA	0.42	0.74	0.88	0.88	0.85	0.49	-0.73	0.68	0.98		LEA
	MNRO	MPAA	SMP	SRI	PLOW	DORM	SUP	CPS	VC	LEA

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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

LEA	+ 0.98	VC
PLOW	+ 0.95	SMP
SRI	+ 0.91	SMP
PLOW	+ 0.91	SRI
VC	+ 0.89	SRI
LEA	+ 0.88	SMP

High negative correlations

SUP	- 0.84	PLOW
SUP	- 0.81	SMP
SUP	- 0.8	MPAA
SUP	- 0.79	SRI
LEA	- 0.73	SUP
VC	- 0.71	SUP

Risk-Adjusted Indicators

There is a big difference between Gentherm Stock performing well and Gentherm 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 Gentherm'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
MNRO	3.19	0.19	0.07	0.30	3.24	(3.83)	7.00	(5.17)	37.83
MPAA	2.58	0.44	0.06	(1.89)	3.67	(2.82)	6.83	(4.15)	26.04
SMP	1.48	0.33	0.20	0.47	1.31	(1.67)	3.37	(2.84)	15.20
SRI	3.20	0.71	0.26	0.45	2.92	(3.95)	7.51	(6.24)	18.64
PLOW	1.39	0.20	0.16	0.39	0.94	(1.89)	2.83	(1.63)	8.21
DORM	1.22	0.15	(0.02)	(1.46)	1.61	(1.17)	2.14	(2.78)	10.18
SUP	7.99	(3.32)	0.00	(197.36)	0.00	0.00	9.52	(23.25)	81.65
CPS	3.49	1.11	0.24	(2.92)	2.90	(4.12)	6.17	(6.35)	54.04
VC	1.61	0.76	0.32	(1.74)	1.11	(2.00)	4.59	(2.31)	10.00
LEA	1.59	0.52	0.19	(1.66)	1.22	(1.91)	4.13	(2.48)	8.54

Gentherm Corporate Management

Thomas Stocker	GM SVP	Profile
Leo Wang	General VP	Profile
Nicholas Breisacher	Chief Officer	Profile
Matthew Fisch	VP CTO	Profile
Vishnu Sundaram	Senior Officer	Profile

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