Car finance company stock correlation analysis suggests car

Stock correlation analysis suggests car finance company shares are increasingly linked to broader automotive industry cycles, offering traders opportunities to hedge via auto manufacturer equities. That’s because “electric cars suck at holding their value,” said Ramsey. Despite a recent surge in demand, the US is a laggard in EV sales compared to much of the rest of the world. Dividend yield in several leading car finance companies stands at an attractive 3.2%, reinforcing the sector’s appeal for income-focused investors amid moderate stock price growth.