BAE Systems Correlations
| BA Stock | 1,569 7.00 1.76% |
The current 90-days correlation between BAE Systems plc and Sunny Optical Technology is -0.18 (i.e., Good diversification). The correlation of BAE Systems 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.
BAE Systems Correlation With Market
Significant diversification
The correlation between BAE Systems plc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BAE Systems plc and DJI in the same portfolio, assuming nothing else is changed.
BAE |
The ability to find closely correlated positions to BAE Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BAE Systems 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 BAE Systems - 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 BAE Systems plc to buy it.
Moving together with BAE Stock
| 0.88 | 0P6N | Volkswagen AG | PairCorr |
| 0.78 | 0P6O | Volkswagen AG Non | PairCorr |
| 0.94 | 0H3Q | Deutsche Post AG | PairCorr |
| 0.65 | 0J6X | Teleperformance SE | PairCorr |
| 0.73 | CMCL | Caledonia Mining | PairCorr |
| 0.8 | AEX | Aminex PLC | PairCorr |
| 0.85 | DSG | Dillistone Group | PairCorr |
| 0.83 | 0LQQ | Vodafone Group PLC | PairCorr |
| 0.73 | SLP | Sylvania Platinum | PairCorr |
| 0.64 | MAFL | Mineral Financial | PairCorr |
| 0.9 | 0F08 | Kongsberg Gruppen ASA | PairCorr |
| 0.84 | 0K8W | Derichebourg | PairCorr |
| 0.69 | TOWN | Town Centre Securities | PairCorr |
| 0.74 | SPT | Spirent Communications | PairCorr |
| 0.82 | 0Y5F | Endo International PLC | PairCorr |
| 0.66 | 0ROM | Gestamp Automocion | PairCorr |
| 0.64 | COD | Compagnie de Saint | PairCorr |
| 0.75 | HSBK | Halyk Bank | PairCorr |
Moving against BAE Stock
| 0.89 | 0LD8 | Target Corp | PairCorr |
| 0.7 | 0JYW | Marriott International | PairCorr |
| 0.47 | CPG | Compass Group PLC | 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
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Risk-Adjusted Indicators
There is a big difference between BAE Stock performing well and BAE Systems 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 BAE Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0Z4I | 2.44 | 0.42 | 0.15 | 4.59 | 2.51 | 5.71 | 18.09 | |||
| SFT | 1.25 | 0.40 | 0.14 | 7.73 | 1.10 | 4.17 | 12.79 | |||
| 0KS3 | 1.03 | 0.00 | 0.05 | (0.11) | 1.40 | 1.80 | 5.27 | |||
| 0P5L | 0.83 | 0.27 | 0.19 | (0.96) | 0.51 | 2.71 | 6.33 | |||
| 0FQR | 0.29 | 0.03 | 0.24 | 0.19 | 0.28 | 0.65 | 2.14 | |||
| 0Y9S | 1.24 | 0.37 | 0.29 | 0.52 | 1.04 | 3.34 | 9.49 | |||
| 0K19 | 1.94 | (0.06) | 0.00 | (0.13) | 0.00 | 2.87 | 20.58 | |||
| 0RDI | 1.20 | 0.17 | 0.10 | 0.27 | 1.75 | 2.50 | 9.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BAE Systems 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?
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BAE Systems Corporate Management
Elected by the shareholders, the BAE Systems' board of directors comprises two types of representatives: BAE Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BAE. The board's role is to monitor BAE Systems' management team and ensure that shareholders' interests are well served. BAE Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BAE Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Neils Petersen | Chief Operations | Profile | |
| Ben Hudson | Chief Australia | Profile | |
| Charles Woodburn | Group Director | Profile | |
| Ed Gelsthorpe | Group Counsel | Profile | |
| Martin Cooper | Investor Director | Profile | |
| Karin Hoeing | Culture ESG | Profile |