Innovative Solutions Correlations

ISSC Stock

USD 16.13 0.53 3.40%

The current 90-days correlation between Innovative Solutions and and Park Electrochemical is 0.19 (i.e., Average diversification). The correlation of Innovative Solutions 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.

Innovative Solutions Correlation With Market

Average diversification

The correlation between Innovative Solutions and and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovative Solutions and and DJI in the same portfolio, assuming nothing else is changed.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Solutions and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Innovative Stock

0.9	AZ	A2Z Smart Technologies	Pair Corr
0.86	BA	Boeing	Pair Corr
0.96	CW	Curtiss Wright	Pair Corr
0.8	GD	General Dynamics Earnings Call This Week	Pair Corr
0.93	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.91	PL	Planet Labs PBC	Pair Corr
0.84	BA-PA	Boeing	Pair Corr
0.68	VSEC	VSE Corporation	Pair Corr
0.88	VTSI	VirTra Inc	Pair Corr
0.79	ESLT	Elbit Systems	Pair Corr
0.94	EVEX	Eve Holding Downward Rally	Pair Corr
0.82	EVTL	Vertical Aerospace Trending	Pair Corr
0.94	AIR	AAR Corp	Pair Corr
0.86	CAE	CAE Inc	Pair Corr
0.97	DCO	Ducommun Incorporated	Pair Corr
0.91	DRS	Leonardo DRS, Common Earnings Call Next Week	Pair Corr
0.76	ERJ	Embraer SA ADR	Pair Corr
0.96	HEI	Heico	Pair Corr
0.76	HII	Huntington Ingalls	Pair Corr
0.91	HWM	Howmet Aerospace Earnings Call Next Week	Pair Corr
0.89	HXL	Hexcel Earnings Call This Week	Pair Corr
0.97	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.87	NPK	National Presto Indu Earnings Call This Week	Pair Corr
0.75	PKE	Park Electrochemical	Pair Corr
0.87	RDW	Redwire Corp	Pair Corr
0.95	RTX	Raytheon Technologies Earnings Call This Week	Pair Corr
0.89	SIF	SIFCO Industries	Pair Corr
0.86	SPR	Spirit Aerosystems	Pair Corr
0.86	TDG	Transdigm Group	Pair Corr
0.8	TGI	Triumph Group Sell-off Trend	Pair Corr
0.91	TXT	Textron Earnings Call This Week	Pair Corr
0.97	WWD	Woodward Earnings Call Next Week	Pair Corr

Moving against Innovative Stock

0.63	SATLW	Satellogic Warrant	Pair Corr
0.36	RGR	Sturm Ruger	Pair Corr
0.39	VVX	V2X Inc	Pair Corr
0.35	GPUS	Hyperscale Data, Symbol Change	Pair Corr

Related Correlations Analysis

	DCO	PKE	NPK	ATRO	CVU	INOD	SIF
DCO		0.75	0.89	0.9	-0.02	0.88	0.9	DCO
PKE	0.75		0.84	0.58	0.26	0.66	0.86	PKE
NPK	0.89	0.84		0.68	0.16	0.84	0.89	NPK
ATRO	0.9	0.58	0.68		-0.3	0.72	0.8	ATRO
CVU	-0.02	0.26	0.16	-0.3		0.02	0.08	CVU
INOD	0.88	0.66	0.84	0.72	0.02		0.83	INOD
SIF	0.9	0.86	0.89	0.8	0.08	0.83		SIF
	DCO	PKE	NPK	ATRO	CVU	INOD	SIF

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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

ATRO	+ 0.9	DCO
SIF	+ 0.9	DCO
NPK	+ 0.89	DCO
SIF	+ 0.89	NPK
INOD	+ 0.88	DCO
SIF	+ 0.86	PKE

High negative correlations

CVU	- 0.3	ATRO
CVU	- 0.02	DCO

Risk-Adjusted Indicators

There is a big difference between Innovative Stock performing well and Innovative Solutions 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 Innovative Solutions' 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
DCO	1.22	0.66	0.39	1.49	0.69	(1.48)	3.95	(1.69)	8.99
PKE	1.52	0.52	0.38	0.85	0.72	(1.90)	3.99	(2.17)	9.11
NPK	1.52	0.26	0.15	0.39	1.27	(1.74)	3.90	(2.26)	11.00
ATRO	2.32	0.52	0.26	0.55	1.67	(2.99)	6.07	(2.84)	19.78
CVU	2.09	(0.05)	(0.03)	0.06	2.43	(2.43)	4.45	(4.29)	14.30
INOD	4.21	0.28	0.09	0.22	5.31	(4.42)	11.83	(7.61)	27.62
SIF	3.36	1.05	0.35	1.51	2.37	(4.21)	9.06	(4.16)	21.39

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