GM Correlations

GM Stock

USD 55.50 0.71 1.30%

The current 90-days correlation between General Motors and Tesla Inc is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Motors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GM Correlation With Market

Very weak diversification

The correlation between General Motors and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Motors and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Motors. 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.

Moving together with GM Stock

0.67	F	Ford Motor Aggressive Push	Pair Corr
0.87	DORM	Dorman Products	Pair Corr
0.82	MGA	Magna International	Pair Corr
0.72	NWTN	NWTN Class B	Pair Corr
0.77	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.76	BH	Biglari Holdings	Pair Corr
0.68	RL	Ralph Lauren Corp	Pair Corr
0.61	UA	Under Armour C	Pair Corr
0.68	DOGZ	Dogness International Upward Rally	Pair Corr
0.92	VSCO	Victorias Secret	Pair Corr

Moving against GM Stock

0.87	KNDI	Kandi Technologies	Pair Corr
0.83	LCID	Lucid Group Aggressive Push	Pair Corr
0.8	APTV	Aptiv PLC	Pair Corr
0.78	FOXF	Fox Factory Holding	Pair Corr
0.71	XOSWW	Xos Equity Warrants	Pair Corr
0.7	LEA	Lear	Pair Corr
0.67	DAN	Dana Inc	Pair Corr
0.61	ADNT	Adient PLC	Pair Corr
0.58	GV	Visionary Education	Pair Corr
0.54	NIO	Nio Class A	Pair Corr
0.38	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.78	YJ	Yunji Inc	Pair Corr
0.75	WING	Wingstop	Pair Corr
0.75	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.75	BBY	Best Buy	Pair Corr
0.71	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.69	AEO	American Eagle Outfitters	Pair Corr
0.58	BGI	Birks Group	Pair Corr
0.55	EDTK	Skillful Craftsman	Pair Corr
0.49	BLD	Topbuild Corp	Pair Corr
0.35	VEEE	Twin Vee Powercats	Pair Corr
0.33	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	TSLA	RIVN	NIO	XPEV	LCID	F	HMC	STLA	RACE	FSR
TSLA		-0.45	-0.17	0.66	-0.74	0.44	-0.87	-0.5	-0.79	0.45	TSLA
RIVN	-0.45		-0.35	-0.81	0.75	0.0	0.43	0.87	0.4	-0.36	RIVN
NIO	-0.17	-0.35		0.41	0.17	-0.56	0.38	-0.3	-0.03	0.4	NIO
XPEV	0.66	-0.81	0.41		-0.68	0.07	-0.55	-0.76	-0.61	0.45	XPEV
LCID	-0.74	0.75	0.17	-0.68		-0.31	0.82	0.75	0.54	-0.22	LCID
F	0.44	0.0	-0.56	0.07	-0.31		-0.51	-0.06	-0.22	0.07	F
HMC	-0.87	0.43	0.38	-0.55	0.82	-0.51		0.58	0.75	-0.32	HMC
STLA	-0.5	0.87	-0.3	-0.76	0.75	-0.06	0.58		0.53	-0.44	STLA
RACE	-0.79	0.4	-0.03	-0.61	0.54	-0.22	0.75	0.53		-0.6	RACE
FSR	0.45	-0.36	0.4	0.45	-0.22	0.07	-0.32	-0.44	-0.6		FSR
	TSLA	RIVN	NIO	XPEV	LCID	F	HMC	STLA	RACE	FSR

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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

STLA	+ 0.87	RIVN
HMC	+ 0.82	LCID
LCID	+ 0.75	RIVN
STLA	+ 0.75	LCID
RACE	+ 0.75	HMC
XPEV	+ 0.66	TSLA

High negative correlations

HMC	- 0.87	TSLA
XPEV	- 0.81	RIVN
RACE	- 0.79	TSLA
STLA	- 0.76	XPEV
LCID	- 0.74	TSLA
LCID	- 0.68	XPEV

Risk-Adjusted Indicators

There is a big difference between GM Stock performing well and GM 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 GM'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
TSLA	3.12	0.53	0.21	0.36	2.68	(3.83)	8.19	(5.77)	28.06
RIVN	2.93	(0.37)	0.00	(0.23)	0.00	0.00	5.29	(6.95)	28.00
NIO	3.92	0.15	0.02	0.36	4.73	(3.93)	10.96	(7.50)	23.87
XPEV	4.24	0.68	0.13	1.09	4.87	(4.55)	9.00	(7.51)	26.26
LCID	2.91	(1.08)	0.00	(1.08)	0.00	0.00	4.23	(5.96)	30.74
F	1.43	(0.15)	(0.04)	0.02	2.24	(1.39)	2.53	(2.90)	11.21
HMC	1.31	(0.30)	0.00	2.63	0.00	0.00	2.55	(3.39)	10.82
STLA	1.79	(0.50)	0.00	(0.47)	0.00	0.00	2.56	(4.22)	15.52
RACE	1.14	(0.23)	0.00	(0.25)	0.00	0.00	2.19	(2.13)	10.98
FSR	4.49	0.67	0.08	(0.48)	4.70	(5.02)	9.41	(7.36)	37.41

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