AAR Corp Correlations

Stocks . USA . 
Stock . AAR Corp
AIR Stock  USD 83.64  1.46  1.72%   
The current 90-days correlation between AAR Corp and Mercury Systems is 0.19 (i.e., Average diversification). The correlation of AAR Corp 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.

AAR Corp Correlation With Market

Weak diversification

The correlation between AAR Corp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAR Corp and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAR Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in AAR Stock, please use our How to Invest in AAR Corp guide.

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Moving against AAR Stock

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Risk-Adjusted Indicators

There is a big difference between AAR Stock performing well and AAR Corp 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 AAR Corp'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.

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