Airbus SE Correlations
| AIR Stock | EUR 172.52 0.22 0.13% |
The current 90-days correlation between Airbus SE and Applied Materials is -0.11 (i.e., Good diversification). The correlation of Airbus SE 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.
Airbus SE Correlation With Market
Significant diversification
The correlation between Airbus SE and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airbus SE and DJI in the same portfolio, assuming nothing else is changed.
Airbus |
The ability to find closely correlated positions to Airbus SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airbus SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Airbus SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Airbus SE to buy it.
Moving together with Airbus Stock
| 0.78 | 5UR | Raytheon Technologies | PairCorr |
| 0.93 | AIRA | Airbus SE | PairCorr |
| 0.88 | AIR | Airbus SE | PairCorr |
| 0.8 | GOC | Star Diamond Earnings Call This Week | PairCorr |
| 0.67 | KB9 | KBC Ancora SCA | PairCorr |
| 0.76 | DPU | DUNDEE PRECIOUS MET | PairCorr |
| 0.83 | RIT1 | Compagnie Financire | PairCorr |
| 0.62 | ZHJ | Zhejiang Expressway Earnings Call This Week | PairCorr |
| 0.62 | IBE1 | Iberdrola SA | PairCorr |
| 0.63 | YSN | secunet Security Networks Earnings Call Today | PairCorr |
| 0.71 | RRTU | RTL GROUP UNSPADR | PairCorr |
| 0.65 | IFX | Infineon Technologies | PairCorr |
| 0.76 | 19YA | Yiren Digital | PairCorr |
| 0.76 | DLN | DE LONGHI | PairCorr |
| 0.79 | ALVE | ALLIANZ SE UNSPADR | PairCorr |
| 0.67 | NST | STEULER FLIESENGRUPPE | PairCorr |
| 0.66 | T04 | TITOMIC LTD | PairCorr |
| 0.62 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.69 | MLT | MICRONIC MYDATA | PairCorr |
| 0.75 | AG1 | AUTO1 Group SE | PairCorr |
Moving against Airbus Stock
| 0.7 | LOM | Lockheed Martin | PairCorr |
| 0.69 | LOM | Lockheed Martin | PairCorr |
| 0.59 | 8VY | SCANDION ONC DK | PairCorr |
| 0.55 | GDX | General Dynamics | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Airbus Stock performing well and Airbus SE 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 Airbus SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AP2 | 2.23 | (0.10) | 0.00 | (0.25) | 0.00 | 4.14 | 14.72 | |||
| NY7 | 1.32 | (0.11) | 0.00 | (0.60) | 0.00 | 3.07 | 15.28 | |||
| EZM | 1.84 | 0.24 | 0.13 | 0.44 | 2.02 | 5.59 | 13.11 | |||
| MOB | 1.16 | (0.02) | 0.00 | 0.09 | 0.00 | 3.35 | 5.94 | |||
| TP3 | 0.96 | 0.16 | 0.20 | 2.02 | 0.97 | 2.46 | 10.54 | |||
| T6W | 1.42 | (0.13) | 0.00 | (0.47) | 0.00 | 2.86 | 8.66 | |||
| 108 | 1.19 | 0.13 | 0.12 | (1.67) | 1.36 | 2.73 | 6.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Airbus SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Correlation Analysis Now
Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
Airbus SE Corporate Management
Elected by the shareholders, the Airbus SE's board of directors comprises two types of representatives: Airbus SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Airbus. The board's role is to monitor Airbus SE's management team and ensure that shareholders' interests are well served. Airbus SE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Airbus SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thierry Baril | Chief Officer | Profile | |
| Alberto Gutierrez | Chief Officer | Profile | |
| Sabine Klauke | Chief Officer | Profile | |
| Helene Gorgeu | Head Communication | Profile | |
| Julie Kitcher | Exec CEO | Profile | |
| Catherine Jestin | Chief Management | Profile | |
| John Harrison | Gen Sec | Profile |