Leonardo DRS, Correlations

DRS Stock

29.32 0.03 0.10%

The current 90-days correlation between Leonardo DRS, Common and AAR Corp is 0.53 (i.e., Very weak diversification). The correlation of Leonardo DRS, 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.

Leonardo DRS, Correlation With Market

Modest diversification

The correlation between Leonardo DRS, Common and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leonardo DRS, Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Leonardo DRS, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Leonardo Stock

0.77	CW	Curtiss Wright	Pair Corr
0.67	GD	General Dynamics	Pair Corr
0.7	AIR	AAR Corp	Pair Corr
0.77	DCO	Ducommun Incorporated	Pair Corr
0.64	HII	Huntington Ingalls	Pair Corr
0.61	LHX	L3Harris Technologies	Pair Corr
0.86	NOC	Northrop Grumman	Pair Corr
0.73	PKE	Park Electrochemical	Pair Corr
0.7	VVX	V2X Inc Earnings Call This Week	Pair Corr

Moving against Leonardo Stock

0.63	EH	Ehang Holdings	Pair Corr
0.55	CAE	CAE Inc	Pair Corr
0.44	BA-PA	Boeing	Pair Corr
0.42	BA	Boeing	Pair Corr
0.41	TGI	Triumph Group	Pair Corr
0.37	NPK	National Presto Indu	Pair Corr
0.36	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	AIR	CW	HXL	KAMN	MOG-A	ISSC	TGIDW	MRCY	EVEX	ATRO
AIR		0.41	0.43	0.0	0.42	0.42	0.0	0.17	-0.41	0.15	AIR
CW	0.41		0.05	0.0	0.83	-0.09	0.0	-0.37	-0.13	-0.58	CW
HXL	0.43	0.05		0.0	-0.25	0.65	0.0	0.43	0.41	0.23	HXL
KAMN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KAMN
MOG-A	0.42	0.83	-0.25	0.0		-0.38	0.0	-0.4	-0.4	-0.59	MOG-A
ISSC	0.42	-0.09	0.65	0.0	-0.38		0.0	0.6	0.33	0.39	ISSC
TGIDW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TGIDW
MRCY	0.17	-0.37	0.43	0.0	-0.4	0.6	0.0		0.27	0.59	MRCY
EVEX	-0.41	-0.13	0.41	0.0	-0.4	0.33	0.0	0.27		-0.18	EVEX
ATRO	0.15	-0.58	0.23	0.0	-0.59	0.39	0.0	0.59	-0.18		ATRO
	AIR	CW	HXL	KAMN	MOG-A	ISSC	TGIDW	MRCY	EVEX	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

MOG-A	+ 0.83	CW
ISSC	+ 0.65	HXL
MRCY	+ 0.6	ISSC
ATRO	+ 0.59	MRCY
HXL	+ 0.43	AIR
MRCY	+ 0.43	HXL

High negative correlations

ATRO	- 0.59	MOG-A
ATRO	- 0.58	CW
EVEX	- 0.41	AIR
EVEX	- 0.4	MOG-A
MRCY	- 0.4	MOG-A
ISSC	- 0.38	MOG-A

Risk-Adjusted Indicators

There is a big difference between Leonardo Stock performing well and Leonardo DRS, 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 Leonardo DRS,'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
AIR	1.37	(0.07)	0.00	(0.10)	0.00	0.00	2.55	(2.75)	12.14
CW	1.45	(0.16)	0.00	(0.18)	0.00	0.00	2.55	(4.36)	16.04
HXL	1.27	0.08	0.05	0.10	1.58	(1.36)	2.81	(3.12)	7.60
KAMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOG-A	1.52	(0.38)	0.00	(0.35)	0.00	0.00	2.05	(4.21)	11.03
ISSC	2.56	0.02	0.00	0.02	4.11	(2.76)	5.14	(5.37)	32.27
TGIDW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRCY	1.86	0.20	0.09	0.15	2.05	(2.07)	3.22	(3.77)	23.60
EVEX	3.92	0.64	0.14	0.43	4.23	(4.44)	7.87	(7.33)	31.98
ATRO	1.52	0.34	0.14	0.92	2.05	(1.77)	3.86	(1.45)	16.34

Leonardo DRS, Corporate Management

Mark Dorfman	General VP	Profile
Tami Gesiskie	Senior Resources	Profile
Philip Perconti	Chief Officer	Profile
Roger II	Exec Devel	Profile
William III	Chairman CEO	Profile
Michael Coulter	Senior International	Profile
Sandra Hodgkinson	Senior Development	Profile

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