GE Aerospace Correlations
GE Stock | USD 174.62 1.04 0.60% |
The current 90-days correlation between GE Aerospace and Cummins is 0.37 (i.e., Weak diversification). The correlation of GE Aerospace 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
GE Aerospace Correlation With Market
Very weak diversification
The correlation between GE Aerospace and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GE Aerospace and DJI in the same portfolio, assuming nothing else is changed.
GE Aerospace |
Moving together with GE Aerospace Stock
0.85 | CW | Curtiss Wright | PairCorr |
0.75 | PL | Planet Labs PBC Earnings Call This Week | PairCorr |
0.69 | ESLT | Elbit Systems | PairCorr |
0.7 | CVU | CPI Aerostructures | PairCorr |
0.82 | DCO | Ducommun Incorporated | PairCorr |
0.75 | ERJ | Embraer SA ADR | PairCorr |
0.82 | HEI | Heico Fiscal Year End 16th of December 2024 | PairCorr |
0.76 | HII | Huntington Ingalls | PairCorr |
0.79 | HWM | Howmet Aerospace | PairCorr |
0.75 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
0.77 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
0.77 | RTX | Raytheon Technologies Fiscal Year End 28th of January 2025 | PairCorr |
0.69 | SIF | SIFCO Industries Trending | PairCorr |
Moving against GE Aerospace Stock
0.7 | DPRO | Draganfly | PairCorr |
0.64 | SATLW | Satellogic Warrant | PairCorr |
0.62 | EVEX | Eve Holding | PairCorr |
0.43 | AIR | AAR Corp | PairCorr |
0.37 | CAE | CAE Inc | PairCorr |
0.63 | KWE | KWESST Micro Systems Fiscal Year End 15th of January 2025 | PairCorr |
0.46 | WWD | Woodward Fiscal Year End 21st of November 2024 | PairCorr |
0.36 | TGI | Triumph Group Potential Growth | PairCorr |
0.73 | LLAP | Terran Orbital Corp | PairCorr |
0.65 | KITT | Nauticus Robotics | 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
|
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ITW | 0.89 | 0.01 | 0.01 | 0.12 | 1.19 | 1.89 | 5.42 | |||
DOV | 1.14 | (0.08) | (0.05) | 0.04 | 1.18 | 2.35 | 8.44 | |||
CMI | 1.34 | 0.10 | 0.06 | 0.20 | 1.50 | 2.68 | 10.04 | |||
ETN | 1.64 | (0.24) | 0.00 | (0.08) | 0.00 | 2.71 | 12.02 | |||
PH | 1.41 | 0.01 | 0.06 | 0.12 | 1.78 | 2.85 | 12.10 | |||
EMR | 1.31 | (0.22) | 0.00 | (0.05) | 0.00 | 2.04 | 10.03 | |||
ROK | 1.53 | (0.07) | 0.00 | 0.07 | 2.00 | 3.21 | 8.80 | |||
GTLS | 2.80 | (0.65) | 0.00 | (0.08) | 0.00 | 5.36 | 25.95 | |||
AOS | 1.18 | (0.05) | (0.02) | 0.06 | 2.06 | 2.80 | 14.16 |