GE Aerospace Correlations

GE Stock  USD 164.24  0.76  0.46%   
The current 90-days correlation between GE Aerospace and Stem Inc is 0.26 (i.e., Modest 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

Modest diversification

The correlation between GE Aerospace and DJI is 0.29 (i.e., Modest 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.
  
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.

Moving together with GE Aerospace Stock

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  0.81AIR AAR Corp Financial Report 16th of July 2024 PairCorr
  0.81DCO Ducommun IncorporatedPairCorr
  0.72HEI Heico Fiscal Year End 16th of December 2024 PairCorr
  0.63HWM Howmet AerospacePairCorr
  0.76LMT Lockheed Martin Financial Report 16th of July 2024 PairCorr
  0.8RTX Raytheon Technologies Financial Report 23rd of July 2024 PairCorr
  0.74TDG Transdigm Group Fiscal Year End 14th of November 2024 PairCorr
  0.66WWD Woodward Fiscal Year End 21st of November 2024 PairCorr

Moving against GE Aerospace Stock

  0.76AZ A2Z Smart TechnologiesPairCorr
  0.71PL Planet Labs PBCPairCorr
  0.71EVTL Vertical AerospacePairCorr
  0.47ESLT Elbit SystemsPairCorr
  0.4BA Boeing Financial Report 24th of July 2024 PairCorr
  0.39EH Ehang HoldingsPairCorr
  0.8HII Huntington IngallsPairCorr
  0.78KWE KWESST Micro Systems Fiscal Year End 15th of January 2025 PairCorr
  0.75TXT Textron Financial Report 25th of July 2024 PairCorr
  0.71SPR Spirit AerosystemsPairCorr
  0.7PKE Park ElectrochemicalPairCorr
  0.78KITT Nauticus RoboticsPairCorr
  0.74AAIIQ Alabama Aircraft IndPairCorr

Related Correlations Analysis

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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   
ANBIXMWUIX
AACRXANAGX
COKEANBIX
COKEKOSS
ANBIXANAGX
ANBIXAACRX
  
High negative correlations   
COKESTEM
KOSSSTEM
COKELPL
ANBIXSTEM
KOSSLPL
MWUIXSTEM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
STEM  4.75 (0.46) 0.00 (0.25) 0.00 
 10.24 
 46.54 
MWUIX  0.14  0.01  0.07  0.44  0.00 
 0.25 
 0.99 
ANAGX  0.22  0.01  0.05  0.08  0.20 
 0.44 
 1.18 
AACRX  0.29  0.01  0.03  0.02  0.32 
 0.56 
 1.65 
ANBIX  0.21  0.02  0.08  0.11  0.22 
 0.39 
 1.28 
GFL  1.55  0.16  0.08  0.21  1.90 
 3.50 
 16.13 
LPL  2.05 (0.09) 0.00 (0.13) 0.00 
 4.07 
 10.56 
GFF  1.71 (0.10) 0.00 (0.08) 0.00 
 2.92 
 11.55 
KOSS  4.72  1.07  0.19  0.59  4.66 
 15.48 
 59.92 
COKE  1.51  0.29  0.15  0.37  1.63 
 2.33 
 24.04