Monro Muffler Correlations

MNRO Stock

USD 23.58 0.41 1.77%

The current 90-days correlation between Monro Muffler Brake and Miller Industries is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monro Muffler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monro Muffler Brake moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Monro Muffler Correlation With Market

Poor diversification

The correlation between Monro Muffler Brake and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monro Muffler Brake and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Monro Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Monro Stock

0.7	SLF	Sun Life Financial Buyout Trend	Pair Corr
0.7	OBYCF	Obayashi	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.76	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.66	MRK	Merck Company Sell-off Trend	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr

Moving against Monro Stock

0.7	ASG	Autosports Group	Pair Corr
0.41	SIGL	Signal Advance	Pair Corr

Related Correlations Analysis

	INVZ	MLR	AIIO	HYLN	VENU	CPS	KFS	PACK	HLLY	ZKH
INVZ		-0.49	0.73	-0.23	0.79	-0.61	-0.39	-0.39	-0.42	-0.76	INVZ
MLR	-0.49		-0.73	0.64	-0.71	0.51	0.31	0.43	0.17	0.46	MLR
AIIO	0.73	-0.73		-0.61	0.72	-0.67	-0.38	-0.65	-0.2	-0.72	AIIO
HYLN	-0.23	0.64	-0.61		-0.24	0.15	0.46	0.45	0.03	0.42	HYLN
VENU	0.79	-0.71	0.72	-0.24		-0.64	-0.22	-0.33	-0.29	-0.6	VENU
CPS	-0.61	0.51	-0.67	0.15	-0.64		0.02	0.69	0.41	0.5	CPS
KFS	-0.39	0.31	-0.38	0.46	-0.22	0.02		0.13	0.06	0.35	KFS
PACK	-0.39	0.43	-0.65	0.45	-0.33	0.69	0.13		0.45	0.6	PACK
HLLY	-0.42	0.17	-0.2	0.03	-0.29	0.41	0.06	0.45		0.52	HLLY
ZKH	-0.76	0.46	-0.72	0.42	-0.6	0.5	0.35	0.6	0.52		ZKH
	INVZ	MLR	AIIO	HYLN	VENU	CPS	KFS	PACK	HLLY	ZKH

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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

VENU	+ 0.79	INVZ
AIIO	+ 0.73	INVZ
VENU	+ 0.72	AIIO
PACK	+ 0.69	CPS
HYLN	+ 0.64	MLR
ZKH	+ 0.6	PACK

High negative correlations

ZKH	- 0.76	INVZ
AIIO	- 0.73	MLR
ZKH	- 0.72	AIIO
VENU	- 0.71	MLR
CPS	- 0.67	AIIO
PACK	- 0.65	AIIO

Risk-Adjusted Indicators

There is a big difference between Monro Stock performing well and Monro Muffler 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 Monro Muffler'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
INVZ	3.54	(0.96)	0.00	(0.21)	0.00	0.00	7.26	(7.09)	34.74
MLR	1.26	0.10	0.07	0.16	1.46	(1.38)	2.60	(2.31)	5.59
AIIO	6.17	(1.49)	0.00	61.39	0.00	0.00	8.62	(12.86)	75.86
HYLN	3.43	0.02	0.00	0.10	4.65	(3.40)	6.19	(7.17)	18.67
VENU	5.46	(0.79)	0.00	1.22	0.00	0.00	8.16	(11.37)	56.39
CPS	2.11	0.17	0.08	0.20	2.33	(2.25)	5.82	(4.58)	13.59
KFS	1.77	(0.05)	0.00	(0.02)	0.00	0.00	3.38	(4.16)	20.86
PACK	2.63	0.10	0.09	0.10	2.63	(3.23)	5.36	(4.51)	21.18
HLLY	1.85	0.16	0.07	0.22	2.12	(1.99)	5.19	(3.88)	12.82
ZKH	1.77	0.27	0.06	(1.73)	2.51	(2.52)	3.84	(2.90)	25.66

Monro Muffler Corporate Management

John Heisman	Vice Resources	Profile
Matt Henson	Executive Officer	Profile
Tim Ferrell	Vice Marketing	Profile
Russ Welsh	North Operations	Profile

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