Curtiss Wright Correlations
| CW Stock | USD 254.01 0.52 0.21% |
The correlation of Curtiss Wright 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Curtiss Wright moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curtiss Wright moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Curtiss Wright and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curtiss Wright and NYA in the same portfolio, assuming nothing else is changed.
Curtiss |
The ability to find closely correlated positions to Curtiss Wright could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Curtiss Wright when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Curtiss Wright - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Curtiss Wright to buy it.
Moving together with Curtiss Stock
| 0.87 | EH | Ehang Holdings | PairCorr |
| 0.92 | GD | General Dynamics Earnings Call This Week | PairCorr |
| 0.91 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.72 | EVTL | Vertical Aerospace | PairCorr |
| 0.92 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
Moving against Curtiss Stock
| 0.86 | AZ | A2Z Smart Technologies | PairCorr |
| 0.81 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.81 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.59 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
| 0.54 | CVU | CPI Aerostructures | PairCorr |
| 0.65 | TGI | Triumph Group Financial Report 15th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Curtiss Stock performing well and Curtiss Wright 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 Curtiss Wright'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KAMN | 3.01 | 1.43 | 5.17 | 0.86 | 0.00 | 0.75 | 101.73 | |||
| ISSC | 1.39 | (0.35) | 0.00 | (17.51) | 0.00 | 2.43 | 10.48 | |||
| NPK | 1.04 | 0.02 | (0.04) | 0.55 | 1.34 | 2.37 | 5.79 | |||
| HXL | 1.37 | (0.17) | 0.00 | (0.66) | 0.00 | 2.06 | 15.71 | |||
| PKE | 1.48 | 0.04 | (0.02) | (3.06) | 1.95 | 2.84 | 8.81 | |||
| DCO | 1.43 | 0.20 | 0.02 | (0.11) | 1.64 | 2.48 | 18.67 | |||
| AIRI | 2.77 | 0.32 | 0.04 | (0.31) | 3.12 | 8.24 | 18.32 | |||
| CVU | 1.77 | 0.05 | (0.01) | (1.04) | 2.05 | 3.97 | 14.78 | |||
| AIR | 1.34 | 0.13 | 0.10 | 0.16 | 1.45 | 3.10 | 12.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Curtiss Wright without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Curtiss Wright Corporate Directors
Curtiss Wright corporate directors refer to members of a Curtiss Wright board of directors. The board of directors generally takes responsibility for the Curtiss Wright's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Curtiss Wright's board members must vote for the resolution. The Curtiss Wright board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dean Flatt | Independent Director | Profile | |
| Bruce Hoechner | Independent Director | Profile | |
| Peter Wallace | Independent Director | Profile | |
| S Fuller | Lead Independent Director | Profile |
Already Invested in Curtiss Wright?
The danger of trading Curtiss Wright is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Curtiss Wright is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Curtiss Wright. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Curtiss Wright is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Curtiss Wright is a strong investment it is important to analyze Curtiss Wright's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Curtiss Wright's future performance. For an informed investment choice regarding Curtiss Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Curtiss Wright. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Curtiss Wright's price analysis, check to measure Curtiss Wright's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Curtiss Wright is operating at the current time. Most of Curtiss Wright's value examination focuses on studying past and present price action to predict the probability of Curtiss Wright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Curtiss Wright's price. Additionally, you may evaluate how the addition of Curtiss Wright to your portfolios can decrease your overall portfolio volatility.
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Is Curtiss Wright's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Curtiss Wright. If investors know Curtiss will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Curtiss Wright listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.099 | Dividend Share 0.79 | Earnings Share 9.2 | Revenue Per Share 74.325 | Quarterly Revenue Growth 0.037 |
The market value of Curtiss Wright is measured differently than its book value, which is the value of Curtiss that is recorded on the company's balance sheet. Investors also form their own opinion of Curtiss Wright's value that differs from its market value or its book value, called intrinsic value, which is Curtiss Wright's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Curtiss Wright's market value can be influenced by many factors that don't directly affect Curtiss Wright's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Curtiss Wright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curtiss Wright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curtiss Wright's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.