Airbus SE Correlations

AIRA Stock

EUR 41.20 0.20 0.49%

The current 90-days correlation between Airbus SE and Vienna Insurance Group is 0.02 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Airbus SE Correlation With Market

Modest diversification

The correlation between Airbus SE and DJI is 0.28 (i.e., Modest 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.

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

0.81	E908	Lyxor 1	Pair Corr
0.82	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Airbus Stock

0.85	DBPD	Xtrackers ShortDAX	Pair Corr
0.78	T9Q	TOTAL BANGUN PERSAD	Pair Corr
0.6	MSF	Microsoft	Pair Corr
0.59	MSF	Microsoft	Pair Corr
0.58	MSF	Microsoft	Pair Corr
0.58	HX1A	HEXINDO ADIPERKASA	Pair Corr
0.57	MSF	Microsoft	Pair Corr
0.57	3IB	PT Indo Tambangraya	Pair Corr
0.56	HX1A	HEXINDO ADIPERKASA	Pair Corr
0.53	TBA	TAMBANG BATUBARA-B-	Pair Corr
0.52	APC	Apple Inc	Pair Corr
0.52	APC	Apple Inc	Pair Corr
0.52	APC	Apple Inc	Pair Corr
0.51	APC	Apple Inc	Pair Corr
0.51	APC	Apple Inc	Pair Corr
0.5	APC	Apple Inc	Pair Corr
0.37	KM6	ADHI KARYA	Pair Corr

Related Correlations Analysis

	WSV2	4JP	GRU	CK3	4GF	WN6	WN6	H0O
WSV2		0.01	0.78	-0.81	-0.09	-0.61	-0.62	0.49	WSV2
4JP	0.01		0.27	0.24	0.55	0.41	0.41	-0.27	4JP
GRU	0.78	0.27		-0.48	0.19	-0.37	-0.38	0.4	GRU
CK3	-0.81	0.24	-0.48		0.46	0.83	0.81	-0.5	CK3
4GF	-0.09	0.55	0.19	0.46		0.51	0.49	-0.27	4GF
WN6	-0.61	0.41	-0.37	0.83	0.51		0.98	-0.51	WN6
WN6	-0.62	0.41	-0.38	0.81	0.49	0.98		-0.48	WN6
H0O	0.49	-0.27	0.4	-0.5	-0.27	-0.51	-0.48		H0O
	WSV2	4JP	GRU	CK3	4GF	WN6	WN6	H0O

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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

WN6	+ 0.98	WN6
WN6	+ 0.83	CK3
WN6	+ 0.81	CK3
GRU	+ 0.78	WSV2
4GF	+ 0.55	4JP
WN6	+ 0.51	4GF

High negative correlations

CK3	- 0.81	WSV2
WN6	- 0.62	WSV2
WN6	- 0.61	WSV2
H0O	- 0.51	WN6
H0O	- 0.5	CK3
H0O	- 0.48	WN6

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
WSV2	0.92	0.38	0.53	20.92	0.48	(1.12)	2.07	(1.18)	5.58
4JP	1.03	(0.13)	0.00	(0.52)	0.00	0.00	2.15	(2.17)	6.12
GRU	2.30	0.31	0.11	1.42	3.12	(2.59)	5.98	(5.19)	18.68
CK3	2.41	(0.78)	0.00	(1.59)	0.00	0.00	4.72	(5.06)	28.09
4GF	1.47	(0.20)	0.00	2.85	0.00	0.00	2.80	(3.64)	7.41
WN6	1.34	(0.32)	0.00	(1.44)	0.00	0.00	2.50	(3.23)	10.80
WN6	1.50	(0.35)	0.00	95.13	0.00	0.00	2.65	(3.54)	10.18
H0O	1.47	0.07	0.09	(0.24)	2.47	(1.90)	3.52	(2.53)	21.97

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.

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