BWX Technologies Correlations

Stocks . USA . 
Stock . BWX Technologies
BWXT Stock  USD 142.95  0.61  0.43%   
The current 90-days correlation between BWX Technologies and Curtiss Wright is 0.57 (i.e., Very weak diversification). The correlation of BWX Technologies 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.

BWX Technologies Correlation With Market

Modest diversification

The correlation between BWX Technologies and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BWX Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with BWX Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BWX Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy BWX Stock please use our How to Invest in BWX Technologies guide.

Moving together with BWX Stock

  0.83AZ A2Z Smart TechnologiesPairCorr
  0.73BA BoeingPairCorr
  0.93CW Curtiss WrightPairCorr
  0.7GD General Dynamics Earnings Call This WeekPairCorr
  0.85GE GE Aerospace Earnings Call This WeekPairCorr
  0.9PL Planet Labs PBCPairCorr
  0.71BA-PA BoeingPairCorr
  0.65VSEC VSE CorporationPairCorr
  0.85VTSI VirTra IncPairCorr
  0.85ESLT Elbit SystemsPairCorr
  0.88EVEX Eve Holding Downward RallyPairCorr
  0.76EVTL Vertical Aerospace TrendingPairCorr
  0.87AIR AAR CorpPairCorr
  0.82CAE CAE IncPairCorr
  0.93DCO Ducommun IncorporatedPairCorr
  0.87DRS Leonardo DRS, CommonPairCorr
  0.75ERJ Embraer SA ADRPairCorr
  0.96HEI HeicoPairCorr
  0.71HII Huntington IngallsPairCorr
  0.85HWM Howmet AerospacePairCorr
  0.8HXL Hexcel Earnings Call This WeekPairCorr
  0.93LHX L3Harris Technologies Earnings Call This WeekPairCorr
  0.84NPK National Presto Indu Earnings Call This WeekPairCorr
  0.62PKE Park ElectrochemicalPairCorr
  0.89RDW Redwire CorpPairCorr
  0.91RTX Raytheon Technologies Earnings Call This WeekPairCorr
  0.81SIF SIFCO IndustriesPairCorr
  0.72SPR Spirit AerosystemsPairCorr
  0.79TDG Transdigm GroupPairCorr
  0.74TGI Triumph Group Sell-off TrendPairCorr
  0.82TXT Textron Earnings Call This WeekPairCorr
  0.94WWD WoodwardPairCorr

Moving against BWX Stock

  0.71SATLW Satellogic WarrantPairCorr
  0.44GPUS Hyperscale Data, Symbol ChangePairCorr
  0.43VVX V2X IncPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between BWX Stock performing well and BWX Technologies 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 BWX Technologies' 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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY