Gentherm Correlations

THRM Stock

USD 37.71 0.88 2.39%

The current 90-days correlation between Gentherm and Xpel Inc is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gentherm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gentherm moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gentherm Correlation With Market

Very weak diversification

The correlation between Gentherm and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gentherm and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gentherm Stock

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

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

Moving together with Gentherm Stock

0.79	AXL	American Axle Manufa	Pair Corr
0.66	002454	Songz Automobile Air	Pair Corr
0.7	000901	Aerospace Hi Tech	Pair Corr

Moving against Gentherm Stock

0.57	600698	Hunan Tyen Machinery	Pair Corr
0.54	002265	Yunnan Xiyi Industrial	Pair Corr
0.5	LIDR	Aeye Inc	Pair Corr
0.47	VC	Visteon Corp	Pair Corr
0.43	SES	SES AI Corp Buyout Trend	Pair Corr
0.4	EVTV	Envirotech Vehicles	Pair Corr
0.35	300998	Ningbo Fangzheng Aut	Pair Corr
0.53	MBLY	Mobileye Global Class	Pair Corr
0.5	MTEN	Mingteng International	Pair Corr
0.35	301072	Zhongjie Technology CoLtd	Pair Corr
0.32	605128	Shanghai Yanpu Metal	Pair Corr
0.31	300825	Iat Automobile Technology	Pair Corr
0.47	TKURF	Tokyu REIT	Pair Corr

Related Correlations Analysis

	XPEL	WGO	FOXF	MLCO	LOT	SMP	CRI	LVWR	GIII	ECX
XPEL		0.6	-0.7	0.0	-0.8	-0.53	0.58	-0.53	0.87	-0.86	XPEL
WGO	0.6		-0.1	-0.26	-0.39	0.03	0.55	0.13	0.72	-0.39	WGO
FOXF	-0.7	-0.1		-0.54	0.9	0.71	-0.36	0.72	-0.47	0.66	FOXF
MLCO	0.0	-0.26	-0.54		-0.39	-0.29	0.11	-0.3	-0.05	0.1	MLCO
LOT	-0.8	-0.39	0.9	-0.39		0.72	-0.5	0.56	-0.64	0.66	LOT
SMP	-0.53	0.03	0.71	-0.29	0.72		-0.14	0.66	-0.19	0.46	SMP
CRI	0.58	0.55	-0.36	0.11	-0.5	-0.14		0.03	0.72	-0.25	CRI
LVWR	-0.53	0.13	0.72	-0.3	0.56	0.66	0.03		-0.21	0.66	LVWR
GIII	0.87	0.72	-0.47	-0.05	-0.64	-0.19	0.72	-0.21		-0.66	GIII
ECX	-0.86	-0.39	0.66	0.1	0.66	0.46	-0.25	0.66	-0.66		ECX
	XPEL	WGO	FOXF	MLCO	LOT	SMP	CRI	LVWR	GIII	ECX

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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

LOT	+ 0.9	FOXF
GIII	+ 0.87	XPEL
GIII	+ 0.72	WGO
LVWR	+ 0.72	FOXF
SMP	+ 0.72	LOT
GIII	+ 0.72	CRI

High negative correlations

ECX	- 0.86	XPEL
LOT	- 0.8	XPEL
FOXF	- 0.7	XPEL
ECX	- 0.66	GIII
GIII	- 0.64	LOT
MLCO	- 0.54	FOXF

Risk-Adjusted Indicators

There is a big difference between Gentherm Stock performing well and Gentherm 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 Gentherm's 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
XPEL	1.51	0.60	0.37	0.83	1.10	(1.88)	3.31	(2.15)	11.45
WGO	2.60	0.45	0.13	(2.06)	2.37	(3.14)	5.25	(3.08)	36.75
FOXF	2.73	(0.51)	0.00	(0.36)	0.00	0.00	4.32	(5.82)	29.78
MLCO	1.63	(0.22)	0.00	(0.15)	0.00	0.00	3.07	(3.90)	9.65
LOT	2.91	(0.51)	0.00	(0.47)	0.00	0.00	5.63	(6.38)	29.19
SMP	1.20	(0.20)	0.00	(0.15)	0.00	0.00	2.11	(2.25)	7.10
CRI	2.20	0.09	0.06	0.11	2.53	(2.39)	4.85	(4.43)	14.87
LVWR	3.87	(0.03)	(0.01)	0.03	4.10	(4.30)	7.93	(6.03)	18.98
GIII	1.53	0.06	0.04	0.12	1.68	(1.73)	3.85	(2.66)	9.17
ECX	4.60	(0.30)	0.00	(0.09)	0.00	0.00	8.25	(10.88)	26.42

Gentherm Corporate Management

Leo Wang	General VP	Profile
Nicholas Breisacher	Chief Officer	Profile
Thomas Stocker	Senior EMEA	Profile
Matthew Fisch	VP CTO	Profile
Vishnu Sundaram	Senior Officer	Profile

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