AerCap Holdings Correlations

AER Stock

USD 102.21 2.39 2.28%

The current 90-days correlation between AerCap Holdings NV and Ryder System is 0.4 (i.e., Very weak diversification). The correlation of AerCap Holdings 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.

AerCap Holdings Correlation With Market

Very weak diversification

The correlation between AerCap Holdings NV and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AerCap Holdings NV 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 AerCap Holdings NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with AerCap Stock

0.63	HEES	HE Equipment Services	Pair Corr
0.65	TRTN-PB	Triton International	Pair Corr
0.65	ALTG-PA	Alta Equipment Group	Pair Corr
0.73	G	Genpact Limited	Pair Corr

Moving against AerCap Stock

0.74	PRG	PROG Holdings	Pair Corr
0.73	VSTS	Vestis	Pair Corr
0.64	ZCAR	Zoomcar Holdings	Pair Corr
0.6	HRI	Herc Holdings	Pair Corr
0.56	URI	United Rentals	Pair Corr
0.44	ALTG	Alta Equipment Group	Pair Corr
0.39	CAR	Avis Budget Group	Pair Corr
0.38	TRTN-PE	Triton International	Pair Corr
0.37	WLFC	Willis Lease Finance	Pair Corr
0.73	BV	BrightView Holdings	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr
0.7	IR	Ingersoll Rand	Pair Corr
0.68	J	Jacobs Solutions	Pair Corr
0.63	CW	Curtiss Wright	Pair Corr
0.61	GP	GreenPower Motor	Pair Corr
0.46	KE	Kimball Electronics	Pair Corr
0.44	DY	Dycom Industries	Pair Corr
0.43	FA	First Advantage Corp	Pair Corr
0.4	GD	General Dynamics	Pair Corr
0.38	HI	Hillenbrand	Pair Corr
0.31	AP	Ampco Pittsburgh Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	R	AAN	ALTG	TRTN	PRG	GATX	MGRC	CTOS	HEES
R		0.0	0.69	0.0	0.54	0.5	0.58	0.22	-0.05	R
AAN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAN
ALTG	0.69	0.0		0.0	0.89	0.39	0.41	0.62	-0.25	ALTG
TRTN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TRTN
PRG	0.54	0.0	0.89	0.0		0.13	0.06	0.54	-0.55	PRG
GATX	0.5	0.0	0.39	0.0	0.13		0.82	0.39	0.45	GATX
MGRC	0.58	0.0	0.41	0.0	0.06	0.82		0.26	0.59	MGRC
CTOS	0.22	0.0	0.62	0.0	0.54	0.39	0.26		-0.01	CTOS
HEES	-0.05	0.0	-0.25	0.0	-0.55	0.45	0.59	-0.01		HEES
	R	AAN	ALTG	TRTN	PRG	GATX	MGRC	CTOS	HEES

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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

PRG	+ 0.89	ALTG
MGRC	+ 0.82	GATX
ALTG	+ 0.69	R
CTOS	+ 0.62	ALTG
HEES	+ 0.59	MGRC
MGRC	+ 0.58	R

High negative correlations

HEES	- 0.55	PRG
HEES	- 0.25	ALTG
HEES	- 0.05	R
HEES	- 0.01	CTOS
HEES	- 0.0	TRTN
CTOS	- 0.0	TRTN

Risk-Adjusted Indicators

There is a big difference between AerCap Stock performing well and AerCap Holdings 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 AerCap Holdings' 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
R	1.36	(0.15)	0.00	(0.22)	0.00	0.00	3.03	(3.31)	8.98
AAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALTG	3.15	(0.32)	0.00	(0.21)	0.00	0.00	6.91	(6.29)	15.90
TRTN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRG	2.10	(0.58)	0.00	(0.81)	0.00	0.00	3.12	(4.44)	31.87
GATX	1.03	0.00	0.00	(0.07)	0.00	0.00	2.11	(1.90)	7.23
MGRC	1.16	(0.02)	0.00	(0.10)	0.00	0.00	2.75	(2.53)	7.16
CTOS	2.64	0.08	0.00	(0.03)	0.00	0.00	5.46	(5.54)	23.60
HEES	3.60	1.45	0.82	0.77	0.82	(5.57)	1.53	(3.34)	107.70

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