Aptiv PLC Correlations

Stocks . USA . 
Stock . Aptiv PLC
APTV Stock  USD 57.13  2.75  5.06%   
The current 90-days correlation between Aptiv PLC and LKQ Corporation is 0.39 (i.e., Weak diversification). The correlation of Aptiv PLC 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aptiv PLC Correlation With Market

Weak diversification

The correlation between Aptiv PLC and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptiv PLC 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 Aptiv PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Aptiv Stock please use our How to Invest in Aptiv PLC guide.

Moving together with Aptiv Stock

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Moving against Aptiv Stock

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Related Correlations Analysis

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