Rush Enterprises Correlations

RUSHB Stock

USD 57.39 1.80 3.24%

The current 90-days correlation between Rush Enterprises B and Sonic Automotive is 0.72 (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 B and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rush Enterprises B 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 B. 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

0.94	MCW	Mister Car Wash	Pair Corr
0.95	RUSHA	Rush Enterprises A	Pair Corr
0.61	CARS	Cars Inc	Pair Corr
0.83	CARG	CarGurus	Pair Corr
0.92	IP	International Paper	Pair Corr
0.87	SW	Smurfit WestRock plc	Pair Corr
0.61	ELMSQ	Electric Last Mile	Pair Corr
0.92	DRVN	Driven Brands Holdings	Pair Corr
0.75	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.72	FLUT	Flutter Entertainment plc	Pair Corr

Moving against Rush Stock

0.59	LMPX	Lmp Automotive Holdings	Pair Corr
0.75	AVY	Avery Dennison Corp	Pair Corr
0.66	EBET	Ebet Inc	Pair Corr
0.6	EXTO	Almacenes xito SA	Pair Corr
0.52	EVKG	Ever Glory Internati	Pair Corr
0.51	FIGS	Figs Inc	Pair Corr
0.49	WPRT	Westport Fuel Systems	Pair Corr
0.44	TFRFF	Tefron	Pair Corr
0.74	CYD	China Yuchai Interna	Pair Corr
0.67	FXLV	F45 Training Holdings	Pair Corr

Related Correlations Analysis

	SAH	KAR	KFS	ABG	CARS	RUSHA	LAD	AN	PAG	GPI
SAH		0.9	0.31	0.93	0.75	0.8	0.71	0.28	0.68	0.83	SAH
KAR	0.9		0.28	0.89	0.82	0.77	0.73	0.16	0.52	0.87	KAR
KFS	0.31	0.28		0.46	-0.17	0.67	0.74	-0.47	-0.23	0.24	KFS
ABG	0.93	0.89	0.46		0.6	0.85	0.82	0.23	0.58	0.86	ABG
CARS	0.75	0.82	-0.17	0.6		0.47	0.32	0.34	0.6	0.73	CARS
RUSHA	0.8	0.77	0.67	0.85	0.47		0.93	-0.12	0.21	0.8	RUSHA
LAD	0.71	0.73	0.74	0.82	0.32	0.93		-0.16	0.14	0.75	LAD
AN	0.28	0.16	-0.47	0.23	0.34	-0.12	-0.16		0.81	0.31	AN
PAG	0.68	0.52	-0.23	0.58	0.6	0.21	0.14	0.81		0.51	PAG
GPI	0.83	0.87	0.24	0.86	0.73	0.8	0.75	0.31	0.51		GPI
	SAH	KAR	KFS	ABG	CARS	RUSHA	LAD	AN	PAG	GPI

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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

ABG	+ 0.93	SAH
LAD	+ 0.93	RUSHA
KAR	+ 0.9	SAH
ABG	+ 0.89	KAR
GPI	+ 0.87	KAR
GPI	+ 0.86	ABG

High negative correlations

AN	- 0.47	KFS
PAG	- 0.23	KFS
CARS	- 0.17	KFS
AN	- 0.16	LAD
AN	- 0.12	RUSHA

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
SAH	1.84	(0.09)	0.04	0.08	1.80	(2.28)	4.62	(3.31)	13.17
KAR	1.49	0.07	0.08	0.17	1.33	(1.69)	2.62	(2.01)	13.95
KFS	1.35	0.12	0.04	0.34	1.38	(1.59)	2.89	(2.51)	10.73
ABG	1.72	(0.02)	0.04	0.11	1.68	(1.82)	4.06	(2.67)	9.76
CARS	1.67	0.00	0.03	0.12	1.72	(2.03)	4.67	(2.75)	10.81
RUSHA	1.57	0.01	0.07	0.12	1.50	(1.97)	3.70	(2.61)	11.16
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
PAG	1.14	(0.16)	(0.08)	0.00	1.45	(1.27)	2.50	(2.44)	6.98
GPI	1.62	0.06	0.08	0.16	1.50	(1.83)	3.60	(2.70)	11.29

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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