Lear Correlations

Stocks . USA . 
Stock . Lear Corporation
LEA Stock  USD 97.89  1.52  1.58%   
The current 90-days correlation between Lear and LKQ Corporation is 0.51 (i.e., Very weak diversification). The correlation of Lear 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.

Lear Correlation With Market

Very weak diversification

The correlation between Lear Corp. and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lear Corp. and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lear Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Lear Stock

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  0.85DAN Dana IncPairCorr
  0.92SRI StoneridgePairCorr
  0.89SUP Superior IndustriesPairCorr
  0.69RIVN Rivian Automotive Aggressive PushPairCorr
  0.83ADNT Adient PLCPairCorr
  0.66AN AutoNationPairCorr
  0.76FL Foot Locker Earnings Call This WeekPairCorr
  0.74WING WingstopPairCorr
  0.7AEO American Eagle OutfittersPairCorr
  0.66ASO Academy Sports Outdoors Earnings Call This WeekPairCorr
  0.72ETD Ethan Allen InteriorsPairCorr
  0.88HVT Haverty FurniturePairCorr
  0.72IGT International GamePairCorr

Moving against Lear Stock

  0.89EVRI Everi HoldingsPairCorr
  0.84FLXS Flexsteel IndustriesPairCorr
  0.76DORM Dorman ProductsPairCorr
  0.76AGS PlayAGSPairCorr
  0.56WEYS Weyco GroupPairCorr
  0.52HD Home DepotPairCorr
  0.49BH Biglari HoldingsPairCorr
  0.37ABG Asbury AutomotivePairCorr
  0.88EAT Brinker InternationalPairCorr
  0.76LAD Lithia MotorsPairCorr
  0.65WEN The WendysPairCorr
  0.63WHR WhirlpoolPairCorr
  0.57CMG Chipotle Mexican Grill Aggressive PushPairCorr
  0.52DPZ Dominos PizzaPairCorr
  0.45DRI Darden RestaurantsPairCorr
  0.4GPI Group 1 AutomotivePairCorr
  0.33DIN Dine Brands GlobalPairCorr

Related Correlations Analysis

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