Sypris Solutions Correlations

SYPR Stock

USD 3.25 0.04 1.22%

The current 90-days correlation between Sypris Solutions and Gogoro Inc is -0.15 (i.e., Good diversification). The correlation of Sypris Solutions 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sypris Solutions Correlation With Market

Poor diversification

The correlation between Sypris Solutions and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sypris Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sypris Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sypris Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Sypris Stock, please use our How to Invest in Sypris Solutions guide.

Moving together with Sypris Stock

0.87	P4N	Polytec Holding AG	Pair Corr
0.68	SRU	Standard Motor Products	Pair Corr
0.81	7FZ	INTER CARS SA	Pair Corr
0.76	KBX	Knorr Bremse AG Earnings Call This Week	Pair Corr
0.7	7GA	Gestamp Automoción	Pair Corr
0.73	SSA	Spectra	Pair Corr
0.62	FR	Valeo SA	Pair Corr
0.8	TYT	Toyota Motor Corp	Pair Corr
0.76	EVTV	Envirotech Vehicles	Pair Corr
0.84	1A7	Allison Transmission Earnings Call This Week	Pair Corr
0.69	ALV	Autoliv	Pair Corr
0.82	AXL	American Axle Manufa Symbol Change	Pair Corr
0.64	BWA	BorgWarner	Pair Corr
0.77	FOXF	Fox Factory Holding	Pair Corr
0.89	DAN	Dana Inc Earnings Call This Week	Pair Corr
0.61	K3A	Kongsberg Automotive ASA Earnings Call Next Week	Pair Corr

Moving against Sypris Stock

0.74	QS	QuantumScape Class Earnings Call Tomorrow	Pair Corr
0.67	WKHS	Workhorse Group	Pair Corr
0.63	WKSP	Worksport	Pair Corr
0.62	PWO	Progress Werk Oberkirch	Pair Corr
0.61	JOHB	Johnson Electric Holdings	Pair Corr
0.55	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.5	KC7	AMA Group Limited Earnings Call Tomorrow	Pair Corr
0.46	MW4	Akwel SA	Pair Corr
0.45	GEF	SOGEFI	Pair Corr
0.85	FRSX	Foresight Autonomous	Pair Corr
0.69	GGR	Gogoro Inc	Pair Corr
0.67	LIDRW	AEye Inc	Pair Corr
0.67	8TI	Stellantis NV	Pair Corr

Related Correlations Analysis

	FRSX	GGR	CVGI	LIVE	WPRT	DXLG	TLYS	CULP	MKDW	NHTC
FRSX		0.88	0.02	-0.9	-0.63	0.7	-0.17	0.68	0.83	-0.76	FRSX
GGR	0.88		-0.01	-0.82	-0.56	0.67	-0.19	0.66	0.73	-0.66	GGR
CVGI	0.02	-0.01		0.07	0.46	-0.03	-0.2	0.33	-0.02	-0.01	CVGI
LIVE	-0.9	-0.82	0.07		0.78	-0.55	0.29	-0.63	-0.67	0.81	LIVE
WPRT	-0.63	-0.56	0.46	0.78		-0.49	0.0	-0.16	-0.52	0.71	WPRT
DXLG	0.7	0.67	-0.03	-0.55	-0.49		0.43	0.37	0.87	-0.64	DXLG
TLYS	-0.17	-0.19	-0.2	0.29	0.0	0.43		-0.45	0.32	-0.05	TLYS
CULP	0.68	0.66	0.33	-0.63	-0.16	0.37	-0.45		0.43	-0.37	CULP
MKDW	0.83	0.73	-0.02	-0.67	-0.52	0.87	0.32	0.43		-0.75	MKDW
NHTC	-0.76	-0.66	-0.01	0.81	0.71	-0.64	-0.05	-0.37	-0.75		NHTC
	FRSX	GGR	CVGI	LIVE	WPRT	DXLG	TLYS	CULP	MKDW	NHTC

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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

GGR	+ 0.88	FRSX
MKDW	+ 0.87	DXLG
MKDW	+ 0.83	FRSX
NHTC	+ 0.81	LIVE
WPRT	+ 0.78	LIVE
MKDW	+ 0.73	GGR

High negative correlations

LIVE	- 0.9	FRSX
LIVE	- 0.82	GGR
NHTC	- 0.76	FRSX
NHTC	- 0.75	MKDW
MKDW	- 0.67	LIVE
NHTC	- 0.66	GGR

Risk-Adjusted Indicators

There is a big difference between Sypris Stock performing well and Sypris Solutions 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 Sypris Solutions' 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
FRSX	3.13	(1.41)	0.00	(0.52)	0.00	0.00	4.39	(9.57)	35.97
GGR	2.64	(0.40)	0.00	(0.42)	0.00	0.00	6.17	(5.33)	20.86
CVGI	3.14	0.17	0.06	0.11	3.27	(4.12)	10.14	(5.39)	18.83
LIVE	4.33	0.70	0.20	0.35	3.32	(5.49)	13.58	(5.51)	27.67
WPRT	2.85	0.10	0.04	0.11	2.45	(4.44)	6.33	(4.47)	18.19
DXLG	4.08	(0.74)	0.00	(0.23)	0.00	0.00	5.61	(6.93)	71.37
TLYS	2.99	0.09	0.01	1.15	3.31	(3.89)	7.30	(5.60)	32.45
CULP	1.64	(0.19)	0.00	(0.37)	0.00	0.00	3.55	(3.83)	9.88
MKDW	4.32	(1.27)	0.00	5.83	0.00	0.00	7.25	(10.92)	36.75
NHTC	3.33	0.04	0.01	0.08	4.51	(3.76)	7.67	(8.14)	21.80

Sypris Solutions Corporate Management

Anthony Allen	VP Treasurer	Profile
Richard CPA	Treasurer, VP	Profile
Curtis Petrie	Vice Administration	Profile
Rachel Esq	Senior Secretary	Profile
Rebecca Eckert	Principal Controller	Profile

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