Allison Transmission Correlations

ALSN Stock

USD 119.65 1.54 1.30%

The current 90-days correlation between Allison Transmission and Gentex is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allison Transmission moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allison Transmission Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Allison Transmission Correlation With Market

Poor diversification

The correlation between Allison Transmission Holdings and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allison Transmission Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allison Transmission Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Allison Stock

0.62	GFF	Griffon	Pair Corr
0.75	FSTR	LB Foster	Pair Corr
0.86	IP	International Paper	Pair Corr
0.8	SW	Smurfit WestRock plc	Pair Corr
0.86	DRVN	Driven Brands Holdings	Pair Corr
0.69	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.82	FLUT	Flutter Entertainment plc	Pair Corr

Moving against Allison Stock

0.92	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.87	EBET	Ebet Inc	Pair Corr
0.81	SLDP	Solid Power	Pair Corr
0.75	EFSH	1847 Holdings LLC	Pair Corr
0.75	PITA	Heramba Electric plc	Pair Corr
0.71	WPRT	Westport Fuel Systems	Pair Corr
0.64	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.62	SLDPW	Solid Power	Pair Corr
0.39	FBYD	Falcons Beyond Global,	Pair Corr
0.32	DSHK	Drive Shack	Pair Corr
0.32	F-PC	Ford Motor	Pair Corr
0.84	AVY	Avery Dennison Corp	Pair Corr
0.74	FXLV	F45 Training Holdings	Pair Corr
0.73	LOT	Lotus Technology American	Pair Corr
0.71	DSS	DSS Inc	Pair Corr
0.67	EVKG	Ever Glory Internati	Pair Corr
0.63	LKQ	LKQ Corporation	Pair Corr
0.62	TFRFF	Tefron	Pair Corr
0.62	KSS	Kohls Corp	Pair Corr
0.57	IVP	Inspire Veterinary	Pair Corr
0.44	EXTO	Almacenes xito SA Potential Growth	Pair Corr
0.43	GPK	Graphic Packaging Holding	Pair Corr
0.4	IPW	iPower Inc	Pair Corr

Related Correlations Analysis

	GNTX	ADNT	ALV	FOXF	DAN	APTV	LKQ	LEA	MGA	AXL
GNTX		0.1	0.49	-0.05	-0.06	-0.07	0.15	0.09	0.41	0.41	GNTX
ADNT	0.1		-0.05	0.87	0.86	0.83	0.58	0.83	-0.19	0.27	ADNT
ALV	0.49	-0.05		-0.29	-0.07	-0.24	0.36	0.11	0.51	0.61	ALV
FOXF	-0.05	0.87	-0.29		0.85	0.9	0.6	0.82	-0.43	0.0	FOXF
DAN	-0.06	0.86	-0.07	0.85		0.91	0.6	0.85	-0.34	0.18	DAN
APTV	-0.07	0.83	-0.24	0.9	0.91		0.52	0.82	-0.52	-0.1	APTV
LKQ	0.15	0.58	0.36	0.6	0.6	0.52		0.84	-0.14	0.34	LKQ
LEA	0.09	0.83	0.11	0.82	0.85	0.82	0.84		-0.38	0.14	LEA
MGA	0.41	-0.19	0.51	-0.43	-0.34	-0.52	-0.14	-0.38		0.72	MGA
AXL	0.41	0.27	0.61	0.0	0.18	-0.1	0.34	0.14	0.72		AXL
	GNTX	ADNT	ALV	FOXF	DAN	APTV	LKQ	LEA	MGA	AXL

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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

APTV	+ 0.91	DAN
APTV	+ 0.9	FOXF
FOXF	+ 0.87	ADNT
DAN	+ 0.86	ADNT
DAN	+ 0.85	FOXF
LEA	+ 0.85	DAN

High negative correlations

MGA	- 0.52	APTV
MGA	- 0.43	FOXF
MGA	- 0.38	LEA
MGA	- 0.34	DAN
FOXF	- 0.29	ALV
APTV	- 0.24	ALV

Risk-Adjusted Indicators

There is a big difference between Allison Stock performing well and Allison Transmission 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 Allison Transmission'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
GNTX	1.14	(0.08)	(0.08)	0.01	1.45	(1.15)	2.33	(2.36)	7.93
ADNT	1.87	(0.30)	0.00	(0.09)	0.00	0.00	4.08	(4.22)	10.66
ALV	1.51	(0.11)	(0.06)	0.01	1.79	(1.57)	2.80	(3.14)	8.85
FOXF	1.95	(0.52)	0.00	(0.14)	0.00	0.00	3.80	(4.37)	15.31
DAN	2.58	(0.59)	0.00	(0.10)	0.00	0.00	4.02	(5.70)	22.77
APTV	1.73	(0.50)	0.00	(0.28)	0.00	0.00	2.67	(3.49)	20.85
LKQ	1.02	(0.22)	0.00	(0.13)	0.00	0.00	2.21	(2.48)	7.01
LEA	1.41	(0.37)	0.00	(0.17)	0.00	0.00	2.83	(3.17)	9.76
MGA	1.56	0.00	0.02	0.12	2.04	(1.52)	3.49	(3.77)	9.36
AXL	1.97	(0.17)	(0.02)	0.04	2.11	(2.26)	5.00	(3.27)	12.38

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