Transdigm Group Correlations

TDG Stock

USD 1,427 12.21 0.85%

The current 90-days correlation between Transdigm Group and HEICO is 0.11 (i.e., Average diversification). The correlation of Transdigm Group 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.

Transdigm Group Correlation With Market

Good diversification

The correlation between Transdigm Group Incorporated and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transdigm Group Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Transdigm Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transdigm Group Incorporated. 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.

Moving together with Transdigm Stock

0.82	BA	Boeing	Pair Corr
0.77	CW	Curtiss Wright	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.82	BA-PA	Boeing	Pair Corr
0.69	EVEX	Eve Holding	Pair Corr
0.73	EVTL	Vertical Aerospace	Pair Corr
0.81	CAE	CAE Inc	Pair Corr
0.72	DCO	Ducommun Incorporated	Pair Corr
0.77	DRS	Leonardo DRS, Common	Pair Corr
0.77	HEI	Heico	Pair Corr
0.66	HII	Huntington Ingalls	Pair Corr
0.83	HWM	Howmet Aerospace	Pair Corr
0.74	LHX	L3Harris Technologies	Pair Corr
0.73	PKE	Park Electrochemical	Pair Corr
0.67	RDW	Redwire Corp	Pair Corr
0.65	RTX	Raytheon Technologies	Pair Corr
0.66	SIF	SIFCO Industries	Pair Corr
0.9	SPR	Spirit Aerosystems	Pair Corr
0.66	SVT	Servotronics	Pair Corr
0.85	TGI	Triumph Group	Pair Corr
0.69	TXT	Textron	Pair Corr
0.82	WWD	Woodward	Pair Corr

Moving against Transdigm Stock

0.57	CVU	CPI Aerostructures	Pair Corr
0.36	VVX	V2X Inc	Pair Corr

Related Correlations Analysis

	HEI-A	LHX	HII	AVAV	LMT	NOC	GD	BA	RTX
HEI-A		0.85	0.52	0.76	0.48	-0.12	0.57	0.83	0.89	HEI-A
LHX	0.85		0.67	0.89	0.66	-0.13	0.67	0.78	0.73	LHX
HII	0.52	0.67		0.85	0.77	-0.27	0.79	0.76	0.41	HII
AVAV	0.76	0.89	0.85		0.75	-0.28	0.73	0.86	0.59	AVAV
LMT	0.48	0.66	0.77	0.75		-0.09	0.7	0.55	0.4	LMT
NOC	-0.12	-0.13	-0.27	-0.28	-0.09		0.07	-0.45	0.11	NOC
GD	0.57	0.67	0.79	0.73	0.7	0.07		0.66	0.58	GD
BA	0.83	0.78	0.76	0.86	0.55	-0.45	0.66		0.7	BA
RTX	0.89	0.73	0.41	0.59	0.4	0.11	0.58	0.7		RTX
	HEI-A	LHX	HII	AVAV	LMT	NOC	GD	BA	RTX

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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

RTX	+ 0.89	HEI-A
AVAV	+ 0.89	LHX
BA	+ 0.86	AVAV
LHX	+ 0.85	HEI-A
AVAV	+ 0.85	HII
BA	+ 0.83	HEI-A

High negative correlations

BA	- 0.45	NOC
NOC	- 0.28	AVAV
NOC	- 0.27	HII
NOC	- 0.13	LHX
NOC	- 0.12	HEI-A
NOC	- 0.09	LMT

Risk-Adjusted Indicators

There is a big difference between Transdigm Stock performing well and Transdigm Group 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 Transdigm Group'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
HEI-A	1.37	0.23	0.11	0.30	1.81	(1.41)	2.33	(2.79)	9.61
LHX	1.04	0.25	0.18	(3.81)	1.06	(1.30)	3.28	(1.88)	8.65
HII	1.43	0.27	0.15	0.39	1.59	(1.72)	2.32	(2.09)	12.76
AVAV	2.36	0.58	0.22	0.54	2.31	(2.69)	5.30	(3.96)	18.11
LMT	1.27	0.05	0.01	0.15	2.03	(1.24)	2.91	(3.99)	8.51
NOC	1.29	0.08	0.02	0.44	2.82	(1.24)	2.79	(3.05)	16.79
GD	1.02	0.10	0.05	0.16	1.50	(1.05)	2.34	(2.00)	10.03
BA	1.92	0.32	0.10	0.24	2.82	(2.01)	3.47	(3.30)	20.16
RTX	1.42	0.21	0.07	0.32	2.61	(1.42)	3.34	(2.15)	16.43

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