Elbit Systems Correlations
ESLT Stock | USD 432.97 2.98 0.69% |
The current 90-days correlation between Elbit Systems and Leonardo DRS, Common is 0.53 (i.e., Very 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
Good diversification
The correlation between Elbit Systems and DJI is -0.1 (i.e., Good 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.
Moving together with Elbit Stock
0.73 | AZ | A2Z Smart Technologies | PairCorr |
0.76 | CW | Curtiss Wright | PairCorr |
0.73 | GD | General Dynamics Earnings Call This Week | PairCorr |
0.66 | GE | GE Aerospace Earnings Call This Week | PairCorr |
0.82 | PL | Planet Labs PBC | PairCorr |
0.68 | VTSI | VirTra Inc | PairCorr |
0.81 | EVEX | Eve Holding Downward Rally | PairCorr |
0.78 | AIR | AAR Corp | PairCorr |
0.8 | CAE | CAE Inc | PairCorr |
0.82 | DCO | Ducommun Incorporated | PairCorr |
0.82 | DRS | Leonardo DRS, Common | PairCorr |
0.71 | ERJ | Embraer SA ADR | PairCorr |
0.84 | HEI | Heico | PairCorr |
0.74 | HII | Huntington Ingalls | PairCorr |
0.7 | HWM | Howmet Aerospace | PairCorr |
0.76 | HXL | Hexcel Earnings Call This Week | PairCorr |
0.81 | LHX | L3Harris Technologies Earnings Call This Week | PairCorr |
0.78 | NPK | National Presto Indu Earnings Call This Week | PairCorr |
0.76 | RDW | Redwire Corp | PairCorr |
0.84 | RTX | Raytheon Technologies Earnings Call This Week | PairCorr |
0.77 | SIF | SIFCO Industries | PairCorr |
0.68 | TDG | Transdigm Group | PairCorr |
0.73 | TXT | Textron Earnings Call This Week | PairCorr |
0.8 | WWD | Woodward | PairCorr |
Moving against Elbit Stock
0.72 | SATLW | Satellogic Warrant | PairCorr |
0.34 | RGR | Sturm Ruger | PairCorr |
0.44 | GPUS | Hyperscale Data, Symbol Change | PairCorr |
0.4 | SHMDW | SCHMID Group NV | PairCorr |
Related Correlations Analysis
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
DRS | 1.65 | 0.42 | 0.17 | 1.12 | 1.76 | 3.78 | 14.07 | |||
MRCY | 1.71 | 0.12 | 0.01 | 0.52 | 2.58 | 3.68 | 11.63 | |||
AIR | 1.32 | 0.56 | 0.40 | 0.78 | 0.72 | 3.07 | 5.63 | |||
HEI | 1.08 | 0.28 | 0.17 | 0.55 | 1.08 | 2.17 | 9.70 | |||
NICE | 1.41 | (0.10) | (0.05) | 0.02 | 2.21 | 2.80 | 8.90 | |||
TSEM | 2.06 | 0.42 | 0.21 | 0.57 | 1.60 | 6.04 | 11.00 | |||
NVMI | 2.35 | 0.47 | 0.22 | 0.46 | 1.98 | 6.60 | 15.15 | |||
CW | 1.00 | 0.59 | 0.41 | 1.43 | 0.42 | 3.01 | 6.85 |
Elbit Systems Corporate Management
David Temin | Chief Compliance Officer, Executive VP and Sr. Counsel | Profile | |
Daniella Finn | Vice Relations | Profile | |
Oren Sabag | Executive EW | Profile | |
Yehuda Vered | General Manager of Elbit Systems Land and C4I Division | Profile | |
Rami Myerson | Director Relations | Profile |