Holley Correlations

HLLY Stock

USD 2.88 0.14 5.11%

The current 90-days correlation between Holley Inc and Monro Muffler Brake is 0.37 (i.e., Weak diversification). The correlation of Holley 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.

Holley Correlation With Market

Very weak diversification

The correlation between Holley Inc and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holley Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Holley Stock

0.61	VC	Visteon Corp	Pair Corr
0.76	LEA	Lear	Pair Corr
0.89	SRI	Stoneridge	Pair Corr
0.71	SUP	Superior Industries	Pair Corr
0.89	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.81	FL	Foot Locker Earnings Call This Week	Pair Corr
0.64	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.65	ETD	Ethan Allen Interiors	Pair Corr
0.75	HVT	Haverty Furniture	Pair Corr
0.8	IGT	International Game	Pair Corr

Moving against Holley Stock

0.9	AGS	PlayAGS	Pair Corr
0.78	EVRI	Everi Holdings	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.7	FLXS	Flexsteel Industries	Pair Corr
0.49	DORM	Dorman Products	Pair Corr
0.37	WEYS	Weyco Group	Pair Corr
0.76	EAT	Brinker International	Pair Corr
0.69	LAD	Lithia Motors	Pair Corr
0.66	WEN	The Wendys	Pair Corr
0.62	WHR	Whirlpool	Pair Corr
0.57	PDD	PDD Holdings Earnings Call This Week	Pair Corr
0.56	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.51	DPZ	Dominos Pizza	Pair Corr
0.43	MSN	Emerson Radio	Pair Corr
0.4	MBC	MasterBrand	Pair Corr
0.37	DIN	Dine Brands Global	Pair Corr
0.36	DRI	Darden Restaurants	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI
DORM		0.54	0.51	-0.78	0.51	-0.56	0.11	-0.36	-0.76	-0.82	DORM
MNRO	0.54		0.35	-0.58	0.38	-0.21	0.33	-0.13	-0.39	-0.45	MNRO
SMP	0.51	0.35		-0.13	0.47	0.06	0.32	0.11	-0.17	-0.23	SMP
SRI	-0.78	-0.58	-0.13		-0.06	0.77	0.09	0.69	0.92	0.92	SRI
CPS	0.51	0.38	0.47	-0.06		-0.05	0.25	0.41	-0.04	-0.15	CPS
PLOW	-0.56	-0.21	0.06	0.77	-0.05		0.44	0.44	0.81	0.69	PLOW
MPAA	0.11	0.33	0.32	0.09	0.25	0.44		0.24	0.27	-0.01	MPAA
VC	-0.36	-0.13	0.11	0.69	0.41	0.44	0.24		0.7	0.62	VC
LEA	-0.76	-0.39	-0.17	0.92	-0.04	0.81	0.27	0.7		0.88	LEA
CVGI	-0.82	-0.45	-0.23	0.92	-0.15	0.69	-0.01	0.62	0.88		CVGI
	DORM	MNRO	SMP	SRI	CPS	PLOW	MPAA	VC	LEA	CVGI

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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	+ 0.92	SRI
CVGI	+ 0.92	SRI
CVGI	+ 0.88	LEA
LEA	+ 0.81	PLOW
PLOW	+ 0.77	SRI
LEA	+ 0.7	VC

High negative correlations

CVGI	- 0.82	DORM
SRI	- 0.78	DORM
LEA	- 0.76	DORM
SRI	- 0.58	MNRO
PLOW	- 0.56	DORM
CVGI	- 0.45	MNRO

Risk-Adjusted Indicators

There is a big difference between Holley Stock performing well and Holley 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 Holley'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
DORM	1.32	0.28	0.21	0.44	0.91	(1.63)	3.10	(2.03)	14.67
MNRO	1.45	(0.13)	(0.05)	0.03	1.66	(1.65)	3.64	(2.57)	10.48
SMP	1.77	(0.05)	0.01	0.09	1.91	(1.98)	3.71	(3.41)	24.56
SRI	2.83	(1.33)	0.00	(0.32)	0.00	0.00	5.25	(6.29)	30.14
CPS	2.68	(0.32)	0.00	(0.01)	0.00	0.00	5.54	(6.64)	24.31
PLOW	1.37	(0.31)	0.00	(0.06)	0.00	0.00	2.14	(2.06)	16.25
MPAA	2.96	(0.05)	0.00	0.09	3.47	(3.28)	8.38	(6.22)	19.99
VC	1.57	(0.23)	0.00	(0.05)	0.00	0.00	3.18	(3.23)	9.85
LEA	1.41	(0.37)	0.00	(0.17)	0.00	0.00	2.83	(3.17)	9.76
CVGI	3.03	(0.82)	0.00	(0.19)	0.00	0.00	7.11	(6.06)	30.58

Holley Corporate Management

Thomas Tomlinson	CEO Pres	Profile
Patrick Pierce	Chief Officer	Profile
Philip Dobbs	Senior Marketing	Profile
Sean Crawford	Chief Officer	Profile
Stephen Trussell	VP CFO	Profile
Jason Bruce	Vice Sales	Profile

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