AXL, NYSE

American Axle & Manufacturing Holdings, Inc. (AXL)

Price (as of October 26)

8.99USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

HLLY

Holley Inc.

-0.03

DAN

Dana Incorporated

-0.02

ALSN

Allison Transmission Holdings, Inc.

-0.01

HZN

Horizon Global Corporation

-0.01

GT

The Goodyear Tire & Rubber Company

0

AEVA

Aeva Technologies, Inc.

0

GNTX

Gentex Corporation

0.01

FOXF

Fox Factory Holding Corp.

0.01

CPS

Cooper-Standard Holdings Inc.

0.01

ALV

Autoliv, Inc.

0.05

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Highest within Industry

Symbol Correlation

ADNT

Adient plc

0.1

ALLG

Allego N.V.

0.06

APTV

Aptiv PLC

0.05

ALV

Autoliv, Inc.

0.05

CPS

Cooper-Standard Holdings Inc.

0.01

FOXF

Fox Factory Holding Corp.

0.01

GNTX

Gentex Corporation

0.01

AEVA

Aeva Technologies, Inc.

0

GT

The Goodyear Tire & Rubber Company

0

HZN

Horizon Global Corporation

-0.01

Show more

Profile

Sector:
Consumer Cyclical
Industry:
Auto Parts

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe. It operates through Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.