Stoneridge Correlations

Stocks . USA . 
Stock . Stoneridge
SRI Stock  USD 6.62  0.21  3.28%   
The current 90-days correlation between Stoneridge and Commercial Vehicle Group is 0.35 (i.e., Weak diversification). The correlation of Stoneridge 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.

Stoneridge Correlation With Market

Very weak diversification

The correlation between Stoneridge and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stoneridge and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stoneridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.

Moving together with Stoneridge Stock

  0.69VC Visteon CorpPairCorr
  0.77FOXF Fox Factory HoldingPairCorr
  0.75DAN Dana IncPairCorr
  0.92LEA LearPairCorr
  0.9SUP Superior IndustriesPairCorr
  0.85RIVN Rivian Automotive Aggressive PushPairCorr
  0.68ADNT Adient PLCPairCorr
  0.8FL Foot Locker Earnings Call This WeekPairCorr
  0.7WING WingstopPairCorr
  0.7ASO Academy Sports Outdoors Earnings Call This WeekPairCorr
  0.65ETD Ethan Allen InteriorsPairCorr
  0.87HVT Haverty FurniturePairCorr
  0.84IGT International GamePairCorr

Moving against Stoneridge Stock

  0.93EVRI Everi HoldingsPairCorr
  0.9AGS PlayAGSPairCorr
  0.83FLXS Flexsteel IndustriesPairCorr
  0.78DORM Dorman ProductsPairCorr
  0.72HD Home DepotPairCorr
  0.61WEYS Weyco GroupPairCorr
  0.53BH Biglari HoldingsPairCorr
  0.5ABG Asbury AutomotivePairCorr
  0.94EAT Brinker InternationalPairCorr
  0.85LAD Lithia MotorsPairCorr
  0.78WHR WhirlpoolPairCorr
  0.69DPZ Dominos PizzaPairCorr
  0.67WEN The WendysPairCorr
  0.65CMG Chipotle Mexican Grill Aggressive PushPairCorr
  0.53DRI Darden RestaurantsPairCorr
  0.49DIN Dine Brands GlobalPairCorr
  0.47GPI Group 1 AutomotivePairCorr
  0.34PDD PDD Holdings Earnings Call TomorrowPairCorr
  0.33MBC MasterBrandPairCorr
  0.31SAH Sonic AutomotivePairCorr

Related Correlations Analysis

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