Servotronics Correlations

SVT Stock

USD 12.90 1.10 9.32%

The current 90-days correlation between Servotronics and Reading International B is 0.02 (i.e., Significant diversification). The correlation of Servotronics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Servotronics Correlation With Market

Good diversification

The correlation between Servotronics and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Servotronics and NYA in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Servotronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Servotronics Stock please use our How to Invest in Servotronics guide.

Moving together with Servotronics Stock

0.71	AZ	A2Z Smart Technologies	Pair Corr
0.66	EH	Ehang Holdings	Pair Corr
0.62	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr
0.7	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.7	DPRO	Draganfly	Pair Corr
0.66	ESLT	Elbit Systems	Pair Corr
0.79	EVEX	Eve Holding	Pair Corr
0.64	HII	Huntington Ingalls	Pair Corr
0.69	HWM	Howmet Aerospace	Pair Corr
0.7	LMT	Lockheed Martin Financial Report 16th of July 2024	Pair Corr
0.75	TDG	Transdigm Group Fiscal Year End 14th of November 2024	Pair Corr
0.7	VVX	V2X Inc	Pair Corr
0.68	WWD	Woodward Fiscal Year End 21st of November 2024	Pair Corr
0.69	LILMW	Lilium Equity Warrants	Pair Corr

Moving against Servotronics Stock

0.55	PL	Planet Labs PBC	Pair Corr
0.51	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.49	RGR	Sturm Ruger	Pair Corr
0.78	MNTSW	Momentus	Pair Corr
0.61	AAIIQ	Alabama Aircraft Ind	Pair Corr

Related Correlations Analysis

	MBFJF	XPOF	RDIB	DALN	GFL	ITAYY	ASYS	GFF	MRO	GFI
MBFJF		0.29	0.21	-0.45	-0.36	-0.41	0.61	0.21	0.82	0.7	MBFJF
XPOF	0.29		0.18	-0.5	0.24	0.02	-0.2	0.49	0.36	0.27	XPOF
RDIB	0.21	0.18		-0.4	-0.3	-0.34	0.05	0.4	0.09	0.03	RDIB
DALN	-0.45	-0.5	-0.4		0.34	0.15	0.21	-0.32	-0.43	-0.57	DALN
GFL	-0.36	0.24	-0.3	0.34		0.48	-0.3	0.22	-0.37	-0.59	GFL
ITAYY	-0.41	0.02	-0.34	0.15	0.48		-0.54	-0.14	-0.46	-0.47	ITAYY
ASYS	0.61	-0.2	0.05	0.21	-0.3	-0.54		0.07	0.53	0.33	ASYS
GFF	0.21	0.49	0.4	-0.32	0.22	-0.14	0.07		0.21	0.04	GFF
MRO	0.82	0.36	0.09	-0.43	-0.37	-0.46	0.53	0.21		0.84	MRO
GFI	0.7	0.27	0.03	-0.57	-0.59	-0.47	0.33	0.04	0.84		GFI
	MBFJF	XPOF	RDIB	DALN	GFL	ITAYY	ASYS	GFF	MRO	GFI

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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

GFI	+ 0.84	MRO
MRO	+ 0.82	MBFJF
GFI	+ 0.7	MBFJF
ASYS	+ 0.61	MBFJF
MRO	+ 0.53	ASYS
GFF	+ 0.49	XPOF

High negative correlations

GFI	- 0.59	GFL
GFI	- 0.57	DALN
ASYS	- 0.54	ITAYY
DALN	- 0.5	XPOF
GFI	- 0.47	ITAYY
MRO	- 0.46	ITAYY

Risk-Adjusted Indicators

There is a big difference between Servotronics Stock performing well and Servotronics 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 Servotronics' 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
MBFJF	1.72	0.30	0.12	0.58	1.72	(2.28)	4.38	(2.91)	13.33
XPOF	3.93	0.05	0.00	0.12	6.45	(4.70)	6.14	(7.95)	70.83
RDIB	2.40	(0.03)	0.00	(0.04)	0.00	0.00	6.80	(5.97)	16.14
DALN	1.45	0.07	0.02	0.44	1.89	(1.50)	3.34	(3.29)	8.15
GFL	1.65	0.16	0.06	(0.26)	1.60	(1.96)	3.46	(2.67)	8.24
ITAYY	1.87	(0.20)	0.00	(0.50)	0.00	0.00	5.83	(6.15)	19.79
ASYS	2.82	0.96	0.37	0.87	1.83	(3.60)	7.48	(4.00)	28.24
GFF	1.79	0.01	(0.01)	0.05	2.35	(1.76)	2.92	(3.80)	11.55
MRO	1.34	0.34	0.19	(1.22)	1.32	(1.50)	3.04	(2.55)	10.07
GFI	2.34	0.30	0.07	(0.50)	3.10	(2.26)	5.27	(4.32)	14.36

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