Stellantis Correlations

STLA Stock

USD 13.52 0.16 1.20%

The current 90-days correlation between Stellantis NV and Porsche Automobile Holding is 0.5 (i.e., Very weak diversification). The correlation of Stellantis 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.

Stellantis Correlation With Market

Significant diversification

The correlation between Stellantis NV and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stellantis NV 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 Stellantis NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Stellantis Stock

0.41	INVZ	Innoviz Technologies	Pair Corr
0.33	LCID	Lucid Group	Pair Corr
0.32	RIVN	Rivian Automotive	Pair Corr
0.56	GV	Visionary Education	Pair Corr
0.5	EEIQ	Elite Education Group	Pair Corr
0.49	EDTK	Skillful Craftsman	Pair Corr
0.41	BH	Biglari Holdings	Pair Corr
0.37	SVMH	SRIVARU Holding	Pair Corr
0.36	TSLA	Tesla Inc	Pair Corr
0.31	FOSL	Fossil Group	Pair Corr

Related Correlations Analysis

	POAHY	TM	HMC	GM	RACE	F	RIVN	LCID	XPEV	NSANY
POAHY		-0.14	0.71	-0.22	0.76	0.11	-0.43	-0.07	-0.08	-0.25	POAHY
TM	-0.14		0.36	-0.25	-0.48	-0.63	0.59	0.81	0.2	0.5	TM
HMC	0.71	0.36		-0.29	0.44	-0.19	-0.15	0.3	-0.17	0.05	HMC
GM	-0.22	-0.25	-0.29		-0.08	0.76	-0.43	-0.5	0.12	-0.37	GM
RACE	0.76	-0.48	0.44	-0.08		0.36	-0.49	-0.38	-0.29	-0.53	RACE
F	0.11	-0.63	-0.19	0.76	0.36		-0.68	-0.78	-0.02	-0.48	F
RIVN	-0.43	0.59	-0.15	-0.43	-0.49	-0.68		0.79	0.16	0.51	RIVN
LCID	-0.07	0.81	0.3	-0.5	-0.38	-0.78	0.79		0.1	0.52	LCID
XPEV	-0.08	0.2	-0.17	0.12	-0.29	-0.02	0.16	0.1		0.49	XPEV
NSANY	-0.25	0.5	0.05	-0.37	-0.53	-0.48	0.51	0.52	0.49		NSANY
	POAHY	TM	HMC	GM	RACE	F	RIVN	LCID	XPEV	NSANY

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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

LCID	+ 0.81	TM
LCID	+ 0.79	RIVN
RACE	+ 0.76	POAHY
F	+ 0.76	GM
HMC	+ 0.71	POAHY
RIVN	+ 0.59	TM

High negative correlations

LCID	- 0.78	F
RIVN	- 0.68	F
F	- 0.63	TM
NSANY	- 0.53	RACE
LCID	- 0.5	GM
RIVN	- 0.49	RACE

Risk-Adjusted Indicators

There is a big difference between Stellantis Stock performing well and Stellantis 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 Stellantis' 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
POAHY	1.24	(0.14)	0.00	(0.82)	0.00	0.00	2.27	(2.48)	9.30
TM	1.12	0.11	0.04	0.38	1.34	(1.30)	2.69	(1.93)	13.50
HMC	1.44	(0.12)	0.00	(0.25)	0.00	0.00	2.71	(3.39)	17.16
GM	1.72	(0.14)	0.00	(0.07)	0.00	0.00	3.68	(2.90)	14.61
RACE	1.08	(0.16)	0.00	0.79	0.00	0.00	2.18	(2.54)	8.55
F	1.49	(0.13)	0.00	(0.15)	0.00	0.00	2.57	(2.90)	11.21
RIVN	3.74	0.38	0.08	0.54	4.09	(4.39)	11.15	(6.47)	30.93
LCID	3.32	0.20	0.03	(2.42)	4.15	(3.42)	8.58	(6.84)	21.67
XPEV	3.53	0.45	0.11	0.55	3.73	(3.84)	8.98	(6.02)	26.26
NSANY	1.44	0.25	0.10	(1.26)	1.44	(1.72)	3.02	(2.48)	11.05

Stellantis Corporate Management

Bertrand Blaise	Chief Officer	Profile
Michael Manley	Head of Americas	Profile
Wan Martello	Non-Executive Independent Director	Profile
Thierry Koskas	Chief Officer	Profile
Giorgio Fossati	General Counsel	Profile

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