CPI Aerostructures Correlations

CVU Stock

USD 3.61 0.01 0.28%

The current 90-days correlation between CPI Aerostructures and SIFCO Industries is 0.13 (i.e., Average diversification). The correlation of CPI Aerostructures 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.

CPI Aerostructures Correlation With Market

Weak diversification

The correlation between CPI Aerostructures and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CPI Aerostructures 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 CPI Aerostructures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy CPI Stock please use our How to Invest in CPI Aerostructures guide.

Moving together with CPI Stock

0.91	DCO	Ducommun Incorporated	Pair Corr
0.69	DRS	Leonardo DRS, Common	Pair Corr
0.85	HXL	Hexcel	Pair Corr
0.73	PKE	Park Electrochemical	Pair Corr
0.75	RDW	Redwire Corp	Pair Corr
0.7	SIF	SIFCO Industries	Pair Corr

Moving against CPI Stock

0.62	RGR	Sturm Ruger	Pair Corr
0.58	HEI	Heico	Pair Corr
0.49	ERJ	Embraer SA ADR	Pair Corr
0.45	EH	Ehang Holdings	Pair Corr
0.36	ESLT	Elbit Systems Earnings Call Tomorrow	Pair Corr
0.33	SATLW	Satellogic Warrant	Pair Corr
0.43	TGI	Triumph Group	Pair Corr
0.41	SARO	StandardAero,	Pair Corr

Related Correlations Analysis

	DCO	SIF	ISSC	AIRI	ATRO
DCO		0.75	0.9	0.69	-0.61	DCO
SIF	0.75		0.72	0.78	-0.84	SIF
ISSC	0.9	0.72		0.63	-0.52	ISSC
AIRI	0.69	0.78	0.63		-0.65	AIRI
ATRO	-0.61	-0.84	-0.52	-0.65		ATRO
	DCO	SIF	ISSC	AIRI	ATRO

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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

ISSC	+ 0.9	DCO
AIRI	+ 0.78	SIF
SIF	+ 0.75	DCO
ISSC	+ 0.72	SIF
AIRI	+ 0.69	DCO
AIRI	+ 0.63	ISSC

High negative correlations

ATRO	- 0.84	SIF
ATRO	- 0.65	AIRI
ATRO	- 0.61	DCO
ATRO	- 0.52	ISSC

Risk-Adjusted Indicators

There is a big difference between CPI Stock performing well and CPI Aerostructures 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 CPI Aerostructures' 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
DCO	1.16	(0.09)	0.00	(0.27)	0.00	0.00	2.09	(2.77)	10.87
SIF	2.54	(0.42)	0.00	1.91	0.00	0.00	3.33	(4.74)	28.96
ISSC	2.85	(0.04)	0.00	(0.10)	0.00	0.00	5.14	(5.85)	32.27
AIRI	2.10	(0.11)	0.00	(0.26)	0.00	0.00	7.31	(4.45)	19.52
ATRO	1.71	0.77	0.63	0.86	0.58	(2.32)	3.86	(1.65)	26.52

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