American Axle Correlations

AXL Stock

USD 6.42 0.07 1.08%

The current 90-days correlation between American Axle Manufa and Standard Motor Products is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Axle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Axle Manufacturing moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

American Axle Correlation With Market

Very weak diversification

The correlation between American Axle Manufacturing and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Axle Manufacturing and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with American Stock

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

Moving together with American Stock

0.63

002454

Songz Automobile Air

Pair Corr

Moving against American Stock

0.72	SES	SES AI Corp Buyout Trend	Pair Corr
0.66	LIDR	Aeye Inc	Pair Corr
0.64	002265	Yunnan Xiyi Industrial	Pair Corr
0.62	600698	Hunan Tyen Machinery	Pair Corr
0.58	VC	Visteon Corp	Pair Corr
0.49	WKSP	Worksport	Pair Corr
0.45	EVTV	Envirotech Vehicles	Pair Corr
0.4	300998	Ningbo Fangzheng Aut	Pair Corr
0.39	FOXF	Fox Factory Holding	Pair Corr
0.68	MBLY	Mobileye Global Class	Pair Corr
0.57	MTEN	Mingteng International	Pair Corr
0.5	605128	Shanghai Yanpu Metal	Pair Corr
0.4	301397	Chongqing Sulian Plastic	Pair Corr
0.36	AEVA	Aeva Technologies Common	Pair Corr
0.34	600114	NBTM New Materials	Pair Corr
0.34	301072	Zhongjie Technology CoLtd	Pair Corr
0.32	300825	Iat Automobile Technology	Pair Corr
0.67	TKURF	Tokyu REIT	Pair Corr

Related Correlations Analysis

	SMP	PLOW	SES	ECX	BJRI	CARS	AEVA	CPS	XPEL	CBRL
SMP		-0.09	0.37	0.46	-0.52	-0.1	0.58	0.79	-0.53	0.72	SMP
PLOW	-0.09		-0.45	-0.66	0.81	0.81	-0.07	0.2	0.84	-0.58	PLOW
SES	0.37	-0.45		0.54	-0.62	-0.6	0.68	0.15	-0.61	0.67	SES
ECX	0.46	-0.66	0.54		-0.76	-0.66	0.46	0.17	-0.86	0.7	ECX
BJRI	-0.52	0.81	-0.62	-0.76		0.76	-0.49	-0.31	0.93	-0.86	BJRI
CARS	-0.1	0.81	-0.6	-0.66	0.76		-0.18	0.1	0.77	-0.49	CARS
AEVA	0.58	-0.07	0.68	0.46	-0.49	-0.18		0.55	-0.43	0.67	AEVA
CPS	0.79	0.2	0.15	0.17	-0.31	0.1	0.55		-0.21	0.45	CPS
XPEL	-0.53	0.84	-0.61	-0.86	0.93	0.77	-0.43	-0.21		-0.85	XPEL
CBRL	0.72	-0.58	0.67	0.7	-0.86	-0.49	0.67	0.45	-0.85		CBRL
	SMP	PLOW	SES	ECX	BJRI	CARS	AEVA	CPS	XPEL	CBRL

Please upgrade your account to get full access to Macroaxis premium features

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

XPEL	+ 0.93	BJRI
XPEL	+ 0.84	PLOW
BJRI	+ 0.81	PLOW
CARS	+ 0.81	PLOW
CPS	+ 0.79	SMP
XPEL	+ 0.77	CARS

High negative correlations

CBRL	- 0.86	BJRI
XPEL	- 0.86	ECX
CBRL	- 0.85	XPEL
BJRI	- 0.76	ECX
CARS	- 0.66	ECX
ECX	- 0.66	PLOW

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Axle 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 American Axle'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
SMP	1.20	(0.20)	0.00	(0.15)	0.00	0.00	2.11	(2.25)	7.10
PLOW	1.21	0.04	0.05	0.10	1.11	(1.57)	2.32	(2.20)	8.83
SES	5.53	0.28	0.07	0.16	5.61	(6.60)	14.50	(10.36)	31.11
ECX	4.60	(0.30)	0.00	(0.09)	0.00	0.00	8.25	(10.88)	26.42
BJRI	2.13	0.38	0.18	0.29	1.93	(2.41)	5.59	(3.52)	21.89
CARS	2.00	(0.06)	(0.02)	0.01	2.47	(2.22)	4.37	(4.44)	10.98
AEVA	5.19	(0.23)	(0.01)	0.01	6.66	(5.07)	10.88	(10.24)	35.96
CPS	2.66	(0.23)	0.00	(0.04)	0.00	0.00	6.66	(5.11)	26.95
XPEL	1.51	0.60	0.37	0.83	1.10	(1.88)	3.31	(2.15)	11.45
CBRL	2.29	(0.81)	0.00	(0.45)	0.00	0.00	3.52	(5.49)	11.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC