Sonic Automotive, Inc. (SAH) — Stock Correlations & Overview
Over the past year, SAH has moved most closely with AN, GPI, ABG. Explore the stocks most correlated and inversely correlated with SAH below, along with its price, financials, and company profile.
Stocks correlated with SAH
Correlation of daily returns. Higher positive values move with SAH; negative values move opposite it. Informational only, not investment advice.
Most correlated with SAH
| Symbol | Company | Correlation |
|---|---|---|
| AN | AutoNation, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.69 |
| GPI | Group 1 Automotive, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.69 |
| ABG | Asbury Automotive Group, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.65 |
| PAG | Penske Automotive Group, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.64 |
| LAD | Lithia Motors, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.52 |
Most inversely correlated with SAH
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.41 |
| SBB | ProShares Short SmallCap600 | -0.40 |
| SDD | ProShares UltraShort SmallCap600 | -0.39 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.36 |
Frequently asked questions about SAH correlations
- Which stocks are most correlated with SAH?
- Based on one year of daily returns, the stocks most correlated with Sonic Automotive, Inc. (SAH) are AN (0.69), GPI (0.69) and ABG (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SAH?
- Over the past year, the stocks most inversely correlated with Sonic Automotive, Inc. (SAH) are CARD (-0.45), HDGE (-0.41) and SBB (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SAH correlations calculated?
- We compute the correlation of daily returns between SAH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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