GE Aerospace Correlations

GE Aerospace Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GE Aerospace. 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. For information on how to trade GE Aerospace Stock refer to our How to Trade GE Aerospace Stock guide.

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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    GTLS + 0.9 EMR PH + 0.87 CMI DOV + 0.76 ITW CMI + 0.76 ITW ROK + 0.75 DOV AOS + 0.74 DOV

High negative correlations    ETN - 0.55 CMI PH - 0.41 ETN GTLS - 0.38 PH GTLS - 0.38 CMI ETN - 0.24 ITW EMR - 0.17 PH

Risk-Adjusted Indicators

There is a big difference between GE Aerospace Stock performing well and GE Aerospace 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 GE Aerospace'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.