Lear Correlations

LEA Stock

USD 97.25 0.45 0.46%

The current 90-days correlation between Lear and LKQ Corporation is 0.55 (i.e., Very weak diversification). The correlation of Lear 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.

Lear Correlation With Market

Very weak diversification

The correlation between Lear Corp. and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lear Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lear Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Lear Stock

0.68	TM	Toyota Motor	Pair Corr
0.66	VC	Visteon Corp	Pair Corr
0.84	VLCN	Volcon Inc	Pair Corr
0.82	FOXF	Fox Factory Holding	Pair Corr
0.84	DAN	Dana Inc	Pair Corr
0.85	FRSX	Foresight Autonomous	Pair Corr
0.64	GTX	Garrett Motion	Pair Corr
0.91	SRI	Stoneridge	Pair Corr
0.84	KNDI	Kandi Technologies	Pair Corr
0.88	LCID	Lucid Group Aggressive Push	Pair Corr
0.67	MULN	Mullen Automotive	Pair Corr
0.73	XOSWW	Xos Equity Warrants	Pair Corr
0.65	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.85	ADNT	Adient PLC	Pair Corr
0.83	APTV	Aptiv PLC	Pair Corr

Moving against Lear Stock

0.75	DORM	Dorman Products	Pair Corr
0.61	ZK	ZEEKR Intelligent	Pair Corr
0.41	MGA	Magna International	Pair Corr
0.65	XPEV	Xpeng Inc	Pair Corr
0.44	NWTN	NWTN Class B	Pair Corr
0.82	LB	LandBridge Company	Pair Corr
0.8	DOGZ	Dogness International Upward Rally	Pair Corr
0.75	RL	Ralph Lauren Corp	Pair Corr
0.74	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.61	SG	Sweetgreen	Pair Corr
0.53	BH	Biglari Holdings	Pair Corr

Related Correlations Analysis

	FOXF	LKQ	DORM	SRI	ALV	AXL	ADNT	VC	ALSN
FOXF		0.55	-0.79	0.78	-0.39	-0.13	0.88	0.41	-0.77	FOXF
LKQ	0.55		-0.37	0.8	0.31	0.3	0.57	0.69	-0.57	LKQ
DORM	-0.79	-0.37		-0.79	0.43	0.46	-0.69	-0.31	0.9	DORM
SRI	0.78	0.8	-0.79		-0.04	-0.16	0.71	0.64	-0.92	SRI
ALV	-0.39	0.31	0.43	-0.04		0.63	-0.12	0.39	0.32	ALV
AXL	-0.13	0.3	0.46	-0.16	0.63		0.15	0.34	0.46	AXL
ADNT	0.88	0.57	-0.69	0.71	-0.12	0.15		0.56	-0.62	ADNT
VC	0.41	0.69	-0.31	0.64	0.39	0.34	0.56		-0.38	VC
ALSN	-0.77	-0.57	0.9	-0.92	0.32	0.46	-0.62	-0.38		ALSN
	FOXF	LKQ	DORM	SRI	ALV	AXL	ADNT	VC	ALSN

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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

ALSN	+ 0.9	DORM
ADNT	+ 0.88	FOXF
SRI	+ 0.8	LKQ
SRI	+ 0.78	FOXF
ADNT	+ 0.71	SRI
VC	+ 0.69	LKQ

High negative correlations

ALSN	- 0.92	SRI
SRI	- 0.79	DORM
DORM	- 0.79	FOXF
ALSN	- 0.77	FOXF
ADNT	- 0.69	DORM
ALSN	- 0.62	ADNT

Risk-Adjusted Indicators

There is a big difference between Lear Stock performing well and Lear 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 Lear'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
FOXF	1.96	(0.56)	0.00	(0.17)	0.00	0.00	3.31	(4.97)	15.31
LKQ	1.07	(0.23)	0.00	(0.13)	0.00	0.00	2.60	(2.48)	7.01
DORM	1.31	0.27	0.20	0.43	0.92	(1.61)	3.10	(2.03)	14.67
SRI	2.75	(1.41)	0.00	(0.36)	0.00	0.00	4.32	(6.29)	30.05
ALV	1.53	(0.13)	0.00	(0.01)	0.00	0.00	2.80	(3.14)	8.85
AXL	2.01	(0.20)	(0.03)	0.02	2.17	(2.27)	5.00	(3.27)	12.38
ADNT	1.92	(0.37)	0.00	(0.13)	0.00	0.00	4.08	(4.22)	10.66
VC	1.63	(0.30)	0.00	(0.11)	0.00	0.00	3.18	(4.17)	9.85
ALSN	1.18	0.27	0.27	0.30	0.76	(1.43)	2.73	(1.39)	9.25

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