Archer Aviation Correlations

ACHR Stock

USD 8.72 0.44 5.31%

The current 90-days correlation between Archer Aviation and Rocket Lab USA is 0.72 (i.e., Poor 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

Weak diversification

The correlation between Archer Aviation and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Aviation 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Archer Stock, please use our How to Invest in Archer Aviation guide.

Moving together with Archer Stock

0.65	BA	Boeing	Pair Corr
0.61	DPRO	Draganfly Earnings Call This Week	Pair Corr
0.66	BA-PA	Boeing	Pair Corr
0.77	EVEX	Eve Holding	Pair Corr
0.62	EVTL	Vertical Aerospace	Pair Corr
0.61	KWE	KWESST Micro Systems	Pair Corr

Moving against Archer Stock

0.67	VSEC	VSE Corporation	Pair Corr
0.55	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.73	RGR	Sturm Ruger	Pair Corr
0.58	ERJ	Embraer SA ADR	Pair Corr
0.52	HEI	Heico	Pair Corr
0.49	RTX	Raytheon Technologies	Pair Corr
0.36	NOC	Northrop Grumman	Pair Corr
0.42	TGI	Triumph Group Sell-off Trend	Pair Corr

Related Correlations Analysis

	EVTL	EH	RKLB	LLAP	LILM	EVEX	DPRO	HEI	RDW	MNTS
EVTL		-0.68	0.43	0.0	0.64	0.7	0.77	-0.24	-0.03	0.87	EVTL
EH	-0.68		-0.47	0.0	-0.54	-0.61	-0.69	0.06	0.05	-0.85	EH
RKLB	0.43	-0.47		0.0	0.69	0.77	0.54	-0.59	0.76	0.68	RKLB
LLAP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LLAP
LILM	0.64	-0.54	0.69	0.0		0.75	0.48	-0.52	0.44	0.71	LILM
EVEX	0.7	-0.61	0.77	0.0	0.75		0.66	-0.54	0.52	0.82	EVEX
DPRO	0.77	-0.69	0.54	0.0	0.48	0.66		-0.21	0.07	0.84	DPRO
HEI	-0.24	0.06	-0.59	0.0	-0.52	-0.54	-0.21		-0.63	-0.33	HEI
RDW	-0.03	0.05	0.76	0.0	0.44	0.52	0.07	-0.63		0.17	RDW
MNTS	0.87	-0.85	0.68	0.0	0.71	0.82	0.84	-0.33	0.17		MNTS
	EVTL	EH	RKLB	LLAP	LILM	EVEX	DPRO	HEI	RDW	MNTS

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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

MNTS	+ 0.87	EVTL
MNTS	+ 0.84	DPRO
MNTS	+ 0.82	EVEX
DPRO	+ 0.77	EVTL
EVEX	+ 0.77	RKLB
RDW	+ 0.76	RKLB

High negative correlations

MNTS	- 0.85	EH
DPRO	- 0.69	EH
EH	- 0.68	EVTL
RDW	- 0.63	HEI
EVEX	- 0.61	EH
HEI	- 0.59	RKLB

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
EVTL	6.73	(0.12)	0.00	(0.14)	0.00	0.00	20.75	(13.20)	74.49
EH	3.49	0.80	0.20	0.66	3.20	(3.85)	11.07	(6.26)	30.67
RKLB	4.63	0.09	0.00	(0.04)	0.00	0.00	8.15	(8.94)	40.12
LLAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LILM	18.16	2.60	0.14	(0.89)	16.22	(29.85)	40.00	(35.71)	318.04
EVEX	3.97	(0.35)	0.00	0.53	0.00	0.00	7.22	(8.38)	20.12
DPRO	5.83	0.11	0.00	(0.02)	0.00	0.00	12.37	(10.55)	37.22
HEI	1.31	0.05	0.06	2.25	1.94	(1.41)	2.19	(2.32)	16.20
RDW	6.03	0.37	0.06	0.63	6.49	(6.55)	13.22	(10.45)	64.06
MNTS	7.16	(0.95)	0.00	(0.57)	0.00	0.00	18.95	(12.27)	48.76

Archer Aviation Corporate Management

Thomas Muniz	Chief Officer	Profile
Louise Bristow	Director Marketing	Profile
Eric Lentell	General Secretary	Profile
Eric Wright	Head Certification	Profile
Andrew Esq	Chief Secretary	Profile
Geoff Bower	Chief Engineer	Profile
Adam Goldstein	CEO CoFounder	Profile

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