Archer Aviation Correlations

ACHR-WT Stock

2.80 0.04 1.41%

The current 90-days correlation between Archer Aviation WT and Copa Holdings SA is -0.06 (i.e., Good diversification). The correlation of Archer Aviation 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.

Archer Aviation Correlation With Market

Good diversification

The correlation between Archer Aviation WT and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Aviation WT and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Archer Aviation WT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Archer Stock please use our How to Invest in Archer Aviation guide.

Moving against Archer Stock

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Related Correlations Analysis

	CPA	UAL	DAL	SKYW	ALGT
CPA		-0.02	0.11	0.1	-0.12	CPA
UAL	-0.02		0.97	0.95	0.96	UAL
DAL	0.11	0.97		0.98	0.92	DAL
SKYW	0.1	0.95	0.98		0.91	SKYW
ALGT	-0.12	0.96	0.92	0.91		ALGT
	CPA	UAL	DAL	SKYW	ALGT

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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

SKYW	+ 0.98	DAL
DAL	+ 0.97	UAL
ALGT	+ 0.96	UAL
SKYW	+ 0.95	UAL
ALGT	+ 0.92	DAL
ALGT	+ 0.91	SKYW

High negative correlations

ALGT	- 0.12	CPA
UAL	- 0.02	CPA

Risk-Adjusted Indicators

There is a big difference between Archer Stock performing well and Archer Aviation 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 Archer Aviation'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
CPA	1.52	0.00	0.00	0.03	2.61	(1.55)	3.72	(2.73)	17.31
UAL	2.05	0.88	0.47	0.45	1.22	(2.54)	6.47	(3.02)	16.69
DAL	1.78	0.36	0.22	0.24	1.49	(2.18)	4.11	(3.03)	10.43
SKYW	1.50	0.34	0.22	0.20	1.46	(1.74)	3.80	(2.07)	11.66
ALGT	2.72	0.99	0.37	0.52	2.07	(3.26)	6.22	(3.89)	16.10

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