BAE Systems Correlations

BAESF Stock  USD 21.75  0.10  0.46%   
The current 90-days correlation between BAE Systems PLC and Huntington Ingalls Industries is 0.22 (i.e., Modest 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

Average diversification

The correlation between BAE Systems PLC and DJI is 0.11 (i.e., Average 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.
  
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 Pink Sheet

  0.64RTX Raytheon TechnologiesPairCorr
  0.8RLLCF Rolls Royce HoldingsPairCorr
  0.85EADSF Airbus Group SEPairCorr
  0.84EADSY Airbus Group NVPairCorr
  0.87SAFRY Safran SAPairCorr
  0.7PKX POSCO HoldingsPairCorr
  0.93NHNCF NAVER CorpPairCorr
  0.64CBYDF Corby SpiritPairCorr
  0.61WECFF White EnergyPairCorr
  0.86TCTZF Tencent Holdings Downward RallyPairCorr
  0.72RTMVF Rightmove plcPairCorr
  0.65ASA ASA Gold Normal TradingPairCorr
  0.78RBKB Rhinebeck BancorpPairCorr

Moving against BAE Pink Sheet

  0.67KB KB Financial GroupPairCorr
  0.62HYMTF Hyundai MotorPairCorr
  0.54BA BoeingPairCorr
  0.53GLACR Global Lights AcquisitionPairCorr

Related Correlations Analysis

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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   
LHXNOC
GDHII
EADSYRNMBY
LHXGD
LHXHII
NOCGD
  
High negative correlations   
HXLRNMBY
CWRNMBY
CWEADSY
HXLEADSY
HXLNOC
HXLHII

Risk-Adjusted Indicators

There is a big difference between BAE Pink Sheet 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.

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.

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BAE Systems Corporate Management

Tania GandamihardjaGroup DirectorProfile
Julian CracknellChief OfficerProfile
Caitlin HaydenGroup DirectorProfile
Neils PetersenChief OperationsProfile
Rolf RueRegional MarketsProfile