CPI Aerostructures Correlations

CVU Stock

USD 2.10 0.08 3.67%

The current 90-days correlation between CPI Aerostructures and ParaZero Technologies Ltd is 0.15 (i.e., Average diversification). The correlation of CPI Aerostructures 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.

CPI Aerostructures Correlation With Market

Average diversification

The correlation between CPI Aerostructures and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CPI Aerostructures and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CPI Stock

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

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

Moving together with CPI Stock

0.62	BA	Boeing	Pair Corr
0.74	COHG	Cheetah Oil Gas	Pair Corr

Moving against CPI Stock

0.61	GD	General Dynamics	Pair Corr
0.57	CVI	CVR Energy	Pair Corr
0.55	RTX	Raytheon Technologies	Pair Corr
0.54	ERHE	ERHC Energy	Pair Corr
0.51	SSLLF	Siltronic AG	Pair Corr
0.45	LHX	L3Harris Technologies	Pair Corr
0.44	NEE	Nextera Energy Aggressive Push	Pair Corr
0.35	MAL	Magellan Aerospace	Pair Corr
0.33	LMT	Lockheed Martin	Pair Corr
0.33	CLSK	CleanSpark Downward Rally	Pair Corr
0.61	BK	Bank of New York	Pair Corr
0.6	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.6	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.58	INVX	Innovex International,	Pair Corr
0.58	GLW	Corning Incorporated	Pair Corr
0.56	LSRCY	Lasertec	Pair Corr
0.53	GTLS	Chart Industries	Pair Corr
0.5	TSLA	Tesla Inc	Pair Corr
0.5	ATCD	Altair Corp	Pair Corr
0.49	VLYPP	Valley National Bancorp	Pair Corr
0.49	GS	Goldman Sachs Group	Pair Corr
0.48	DRDGF	Drdgold	Pair Corr
0.45	XYL	Xylem Inc	Pair Corr

Related Correlations Analysis

	PRZO	SIDU	EPOW	BURU	BTOC	XTIA	QRHC	OESX	FLYY	VNTG
PRZO		0.24	0.32	0.29	-0.04	-0.44	-0.24	0.01	-0.23	0.3	PRZO
SIDU	0.24		-0.02	0.37	0.18	0.3	0.08	-0.42	0.14	0.02	SIDU
EPOW	0.32	-0.02		0.65	-0.72	-0.55	-0.55	0.38	-0.47	-0.33	EPOW
BURU	0.29	0.37	0.65		-0.64	-0.45	-0.66	0.31	-0.4	-0.56	BURU
BTOC	-0.04	0.18	-0.72	-0.64		0.63	0.78	-0.76	0.78	0.68	BTOC
XTIA	-0.44	0.3	-0.55	-0.45	0.63		0.74	-0.53	0.55	0.34	XTIA
QRHC	-0.24	0.08	-0.55	-0.66	0.78	0.74		-0.57	0.58	0.61	QRHC
OESX	0.01	-0.42	0.38	0.31	-0.76	-0.53	-0.57		-0.74	-0.5	OESX
FLYY	-0.23	0.14	-0.47	-0.4	0.78	0.55	0.58	-0.74		0.27	FLYY
VNTG	0.3	0.02	-0.33	-0.56	0.68	0.34	0.61	-0.5	0.27		VNTG
	PRZO	SIDU	EPOW	BURU	BTOC	XTIA	QRHC	OESX	FLYY	VNTG

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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

QRHC	+ 0.78	BTOC
FLYY	+ 0.78	BTOC
QRHC	+ 0.74	XTIA
VNTG	+ 0.68	BTOC
BURU	+ 0.65	EPOW
XTIA	+ 0.63	BTOC

High negative correlations

OESX	- 0.76	BTOC
FLYY	- 0.74	OESX
BTOC	- 0.72	EPOW
QRHC	- 0.66	BURU
BTOC	- 0.64	BURU
OESX	- 0.57	QRHC

Risk-Adjusted Indicators

There is a big difference between CPI Stock performing well and CPI Aerostructures 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 CPI Aerostructures' 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
PRZO	4.30	(0.40)	0.00	(0.05)	0.00	0.00	8.48	(7.55)	17.67
SIDU	3.84	(0.49)	0.00	(0.13)	0.00	0.00	7.26	(6.50)	36.05
EPOW	4.73	0.88	0.10	(2.49)	5.61	(6.42)	10.78	(8.14)	65.63
BURU	9.05	1.51	0.13	(10.94)	8.07	(15.72)	24.14	(14.71)	113.85
BTOC	3.31	(1.51)	0.00	(1.56)	0.00	0.00	5.52	(8.33)	22.45
XTIA	3.49	(0.33)	0.00	(0.07)	0.00	0.00	6.67	(7.93)	35.50
QRHC	3.44	(0.47)	0.00	(0.05)	0.00	0.00	6.02	(5.26)	23.35
OESX	3.97	0.90	0.28	0.52	2.97	(4.74)	14.93	(6.64)	25.95
FLYY	9.21	(1.72)	0.00	1.26	0.00	0.00	14.29	(23.40)	90.07
VNTG	4.84	(1.70)	0.00	(0.18)	0.00	0.00	7.46	(9.09)	91.28

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