Rush Enterprises Correlations

RUSHA Stock

USD 62.87 2.87 4.78%

The current 90-days correlation between Rush Enterprises A and Group 1 Automotive is 0.79 (i.e., Poor diversification). The correlation of Rush Enterprises 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.

Rush Enterprises Correlation With Market

Poor diversification

The correlation between Rush Enterprises A and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rush Enterprises A and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Enterprises A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Rush Stock

0.67	KFS	Kingsway Financial	Pair Corr
0.95	MCW	Mister Car Wash	Pair Corr
0.95	RUSHB	Rush Enterprises B	Pair Corr
0.87	CARG	CarGurus	Pair Corr
0.9	IP	International Paper	Pair Corr
0.82	SW	Smurfit WestRock plc	Pair Corr
0.66	ELMSQ	Electric Last Mile	Pair Corr
0.9	DRVN	Driven Brands Holdings	Pair Corr
0.61	DIIBF	Dorel Industries	Pair Corr
0.7	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.67	FLUT	Flutter Entertainment plc	Pair Corr

Moving against Rush Stock

0.7	LMPX	Lmp Automotive Holdings	Pair Corr
0.81	AVY	Avery Dennison Corp	Pair Corr
0.73	EBET	Ebet Inc	Pair Corr
0.68	EVKG	Ever Glory Internati	Pair Corr
0.56	TFRFF	Tefron	Pair Corr
0.54	WPRT	Westport Fuel Systems	Pair Corr
0.51	EXTO	Almacenes xito SA	Pair Corr
0.39	FIGS	Figs Inc	Pair Corr
0.75	FXLV	F45 Training Holdings	Pair Corr
0.74	CYD	China Yuchai Interna	Pair Corr

Related Correlations Analysis

	KFS	GPI	KAR	CARS	PAG	LAD	AN	ABG	SAH	KFSYF
KFS		0.24	0.28	-0.17	-0.23	0.74	-0.47	0.46	0.31	-0.31	KFS
GPI	0.24		0.87	0.73	0.51	0.75	0.31	0.86	0.83	-0.49	GPI
KAR	0.28	0.87		0.82	0.52	0.73	0.16	0.89	0.9	-0.33	KAR
CARS	-0.17	0.73	0.82		0.6	0.32	0.34	0.6	0.75	-0.12	CARS
PAG	-0.23	0.51	0.52	0.6		0.14	0.81	0.58	0.68	0.32	PAG
LAD	0.74	0.75	0.73	0.32	0.14		-0.16	0.82	0.71	-0.55	LAD
AN	-0.47	0.31	0.16	0.34	0.81	-0.16		0.23	0.28	0.34	AN
ABG	0.46	0.86	0.89	0.6	0.58	0.82	0.23		0.93	-0.23	ABG
SAH	0.31	0.83	0.9	0.75	0.68	0.71	0.28	0.93		-0.1	SAH
KFSYF	-0.31	-0.49	-0.33	-0.12	0.32	-0.55	0.34	-0.23	-0.1		KFSYF
	KFS	GPI	KAR	CARS	PAG	LAD	AN	ABG	SAH	KFSYF

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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

SAH	+ 0.93	ABG
SAH	+ 0.9	KAR
ABG	+ 0.89	KAR
KAR	+ 0.87	GPI
ABG	+ 0.86	GPI
SAH	+ 0.83	GPI

High negative correlations

KFSYF	- 0.55	LAD
KFSYF	- 0.49	GPI
AN	- 0.47	KFS
KFSYF	- 0.33	KAR
KFSYF	- 0.31	KFS
KFSYF	- 0.23	ABG

Risk-Adjusted Indicators

There is a big difference between Rush Stock performing well and Rush Enterprises 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 Rush Enterprises' 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
KFS	1.35	0.12	0.04	0.34	1.38	(1.59)	2.89	(2.51)	10.73
GPI	1.62	0.06	0.08	0.16	1.50	(1.83)	3.60	(2.70)	11.29
KAR	1.49	0.07	0.08	0.17	1.33	(1.69)	2.62	(2.01)	13.95
CARS	1.67	0.00	0.03	0.12	1.72	(2.03)	4.67	(2.75)	10.81
PAG	1.14	(0.16)	(0.08)	0.00	1.45	(1.27)	2.50	(2.44)	6.98
LAD	1.79	0.30	0.21	0.30	1.54	(2.16)	4.90	(3.18)	13.35
AN	1.56	(0.22)	(0.06)	0.00	1.96	(1.52)	3.73	(3.00)	8.95
ABG	1.72	(0.02)	0.04	0.11	1.68	(1.82)	4.06	(2.67)	9.76
SAH	1.84	(0.09)	0.04	0.08	1.80	(2.28)	4.62	(3.31)	13.17
KFSYF	3.68	(0.51)	0.00	(1.49)	0.00	0.00	8.57	(9.78)	29.21

Rush Enterprises Corporate Management

Martin Naegelin	Executive VP	Profile
Michael McRoberts	Sr. VP of Dealer Operations	Profile
Jorgan Peterson	Senior Dealerships	Profile
Marvin III	CEO Chairman	Profile
Karen Konecny	VP Communications	Profile

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