AeroVironment Correlations

AVAV Stock

USD 274.03 4.53 1.63%

The current 90-days correlation between AeroVironment and Kratos Defense Security is 0.38 (i.e., Weak diversification). The correlation of AeroVironment 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.

AeroVironment Correlation With Market

Significant diversification

The correlation between AeroVironment and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AeroVironment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AeroVironment Stock

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

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

Moving together with AeroVironment Stock

0.85	AZ	A2Z Smart Technologies	Pair Corr
0.76	BA	Boeing	Pair Corr
0.81	CW	Curtiss Wright	Pair Corr
0.9	GD	General Dynamics Earnings Call This Week	Pair Corr
0.79	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.9	PL	Planet Labs PBC	Pair Corr
0.68	DPRO	Draganfly Trending	Pair Corr
0.76	BA-PA	Boeing	Pair Corr
0.72	VTSI	VirTra Inc	Pair Corr
0.75	ESLT	Elbit Systems	Pair Corr
0.92	EVEX	Eve Holding Downward Rally	Pair Corr
0.7	EVTL	Vertical Aerospace Trending	Pair Corr
0.88	AIR	AAR Corp	Pair Corr
0.9	CAE	CAE Inc	Pair Corr
0.91	DCO	Ducommun Incorporated	Pair Corr
0.84	DRS	Leonardo DRS, Common	Pair Corr
0.79	ERJ	Embraer SA ADR	Pair Corr
0.86	HEI	Heico	Pair Corr
0.88	HII	Huntington Ingalls	Pair Corr
0.8	HWM	Howmet Aerospace	Pair Corr
0.86	HXL	Hexcel Earnings Call This Week	Pair Corr
0.84	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.89	NPK	National Presto Indu Earnings Call This Week	Pair Corr
0.81	PKE	Park Electrochemical	Pair Corr
0.69	RDW	Redwire Corp	Pair Corr
0.83	RTX	Raytheon Technologies Earnings Call This Week	Pair Corr
0.86	SIF	SIFCO Industries	Pair Corr
0.79	SPR	Spirit Aerosystems	Pair Corr
0.88	TDG	Transdigm Group	Pair Corr
0.63	TGI	Triumph Group Sell-off Trend	Pair Corr
0.89	TXT	Textron Earnings Call This Week	Pair Corr
0.87	WWD	Woodward	Pair Corr

Moving against AeroVironment Stock

0.59	SATLW	Satellogic Warrant	Pair Corr
0.39	RGR	Sturm Ruger	Pair Corr
0.47	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.33	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	KTOS	AXON	EVEX	LHX	HEI	AMBA	IRBT	IRDM
KTOS		0.6	0.87	0.88	0.83	0.65	0.85	0.89	KTOS
AXON	0.6		0.76	0.81	0.89	0.72	0.72	0.74	AXON
EVEX	0.87	0.76		0.93	0.92	0.76	0.84	0.92	EVEX
LHX	0.88	0.81	0.93		0.93	0.69	0.87	0.89	LHX
HEI	0.83	0.89	0.92	0.93		0.71	0.81	0.91	HEI
AMBA	0.65	0.72	0.76	0.69	0.71		0.7	0.73	AMBA
IRBT	0.85	0.72	0.84	0.87	0.81	0.7		0.82	IRBT
IRDM	0.89	0.74	0.92	0.89	0.91	0.73	0.82		IRDM
	KTOS	AXON	EVEX	LHX	HEI	AMBA	IRBT	IRDM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between AeroVironment Stock performing well and AeroVironment 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 AeroVironment'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
KTOS	2.35	0.87	0.27	1.85	2.22	(2.68)	6.18	(3.95)	18.19
AXON	1.66	0.34	0.12	0.59	2.27	(1.79)	2.83	(3.15)	23.17
EVEX	3.83	0.75	0.23	0.44	3.45	(4.53)	11.87	(6.90)	21.29
LHX	0.80	0.23	0.14	1.03	0.76	(0.98)	2.64	(1.43)	7.97
HEI	1.08	0.28	0.17	0.55	1.08	(1.23)	2.17	(1.94)	9.70
AMBA	2.55	0.49	0.18	0.40	2.98	(3.20)	6.80	(3.42)	23.83
IRBT	6.27	1.16	0.27	0.43	4.92	(7.78)	16.19	(8.33)	66.32
IRDM	1.67	0.34	0.16	0.58	1.72	(2.00)	4.30	(2.41)	11.68

AeroVironment Corporate Management

Brian CPA	Controller VP	Profile
Church Hutton	VP Relations	Profile
Brett Hush	Senior Munitions	Profile
Tim Faltemier	Head Business	Profile
Jonah TeeterBalin	Senior Relations	Profile
Jeff Rodrian	Senior Group	Profile
Mark McNeely	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC