Elbit Systems Correlations

ESLT Stock  USD 455.70  13.99  3.17%   
The current 90-days correlation between Elbit Systems and Fomento Economico Mexicano is 0.35 (i.e., Weak diversification). The correlation of Elbit Systems 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.

Elbit Systems Correlation With Market

Modest diversification

The correlation between Elbit Systems and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elbit Systems and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elbit Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Elbit Stock please use our How to Invest in Elbit Systems guide.

Moving together with Elbit Stock

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Moving against Elbit Stock

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Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Elbit Stock performing well and Elbit Systems 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 Elbit Systems' 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.

Elbit Systems Corporate Management

David TeminChief Compliance Officer, Executive VP and Sr. CounselProfile
Daniella FinnVice RelationsProfile
Oren SabagExecutive EWProfile
Yehuda VeredGeneral Manager of Elbit Systems Land and C4I DivisionProfile
Rami MyersonDirector RelationsProfile