AutoNation Correlations
| AN Stock | USD 169.88 9.50 5.92% |
The correlation of AutoNation 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoNation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoNation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between AutoNation and NYA is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AutoNation and NYA in the same portfolio, assuming nothing else is changed.
AutoNation |
The ability to find closely correlated positions to AutoNation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoNation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoNation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoNation to buy it.
Moving together with AutoNation Stock
| 0.71 | W | Wayfair Earnings Call This Week | PairCorr |
| 0.82 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.78 | JD | JD Inc Adr Buyout Trend | PairCorr |
| 0.79 | DRVN | Driven Brands Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.83 | EBAY | eBay Inc | PairCorr |
Moving against AutoNation Stock
| 0.76 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.75 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.75 | AAN | Aarons | PairCorr |
| 0.72 | BQ | Boqii Holding Limited | PairCorr |
| 0.72 | LL | LL Flooring Holdings | PairCorr |
| 0.69 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.62 | GCO | Genesco Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
| 0.48 | WINA | Winmark | PairCorr |
| 0.44 | EXPE | Expedia Group Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AutoNation Stock performing well and AutoNation 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 AutoNation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAH | 1.99 | 0.21 | 0.13 | 0.20 | 1.78 | 3.90 | 8.65 | |||
| LAD | 1.54 | (0.32) | 0.00 | (0.12) | 0.00 | 3.47 | 9.98 | |||
| ABG | 1.45 | 0.09 | 0.00 | (0.51) | 1.87 | 3.18 | 8.82 | |||
| PAG | 1.05 | 0.04 | (0.04) | (0.06) | 1.56 | 2.83 | 6.65 | |||
| GPI | 1.43 | 0.17 | 0.03 | (0.39) | 2.15 | 3.61 | 9.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AutoNation without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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AutoNation Corporate Directors
AutoNation corporate directors refer to members of an AutoNation board of directors. The board of directors generally takes responsibility for the AutoNation's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of AutoNation's board members must vote for the resolution. The AutoNation board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Edelson | Independent Director | Profile | |
| Robert Brown | Independent Director | Profile | |
| Robert Grusky | Independent Director | Profile | |
| Mike Mikan | Independent Director | Profile |
Already Invested in AutoNation?
The danger of trading AutoNation is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AutoNation is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AutoNation. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AutoNation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether AutoNation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoNation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autonation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autonation Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoNation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for AutoNation Stock analysis
When running AutoNation's price analysis, check to measure AutoNation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoNation is operating at the current time. Most of AutoNation's value examination focuses on studying past and present price action to predict the probability of AutoNation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoNation's price. Additionally, you may evaluate how the addition of AutoNation to your portfolios can decrease your overall portfolio volatility.
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Is AutoNation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoNation. If investors know AutoNation will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoNation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share 22.72 | Revenue Per Share 604.235 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0937 |
The market value of AutoNation is measured differently than its book value, which is the value of AutoNation that is recorded on the company's balance sheet. Investors also form their own opinion of AutoNation's value that differs from its market value or its book value, called intrinsic value, which is AutoNation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoNation's market value can be influenced by many factors that don't directly affect AutoNation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoNation's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoNation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoNation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.