Embraer SA Correlations

ERJ Stock

USD 52.50 3.90 6.91%

The current 90-days correlation between Embraer SA ADR and HEICO is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Embraer SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Embraer SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Embraer SA Correlation With Market

Modest diversification

The correlation between Embraer SA ADR and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Embraer SA ADR 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 Embraer SA ADR. 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 Embraer Stock

0.71	EH	Ehang Holdings Downward Rally	Pair Corr
0.64	GE	GE Aerospace	Pair Corr
0.78	VSEC	VSE Corporation	Pair Corr
0.95	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.63	HWM	Howmet Aerospace	Pair Corr
0.81	RGR	Sturm Ruger	Pair Corr
0.85	RTX	Raytheon Technologies	Pair Corr
0.67	TDG	Transdigm Group	Pair Corr
0.77	TGI	Triumph Group	Pair Corr

Moving against Embraer Stock

0.89	VTSI	VirTra Inc	Pair Corr
0.82	EVEX	Eve Holding	Pair Corr
0.8	DPRO	Draganfly Earnings Call This Week	Pair Corr
0.71	EVTL	Vertical Aerospace	Pair Corr
0.68	CW	Curtiss Wright	Pair Corr
0.54	DCO	Ducommun Incorporated	Pair Corr
0.52	BA-PA	Boeing	Pair Corr
0.51	BA	Boeing	Pair Corr
0.43	CVU	CPI Aerostructures	Pair Corr
0.8	KWE	KWESST Micro Systems	Pair Corr
0.79	SIF	SIFCO Industries	Pair Corr
0.66	PKE	Park Electrochemical	Pair Corr
0.65	HXL	Hexcel	Pair Corr
0.31	RDW	Redwire Corp	Pair Corr
0.86	GPUS-PD	Hyperscale Data,	Pair Corr
0.86	MNTS	Momentus	Pair Corr
0.8	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.67	LOAR	Loar Holdings	Pair Corr

Related Correlations Analysis

	HEI-A	EVTL	RLLCF	RKLB	HWM	HII	LHX	SPR	AIR	CW
HEI-A		-0.4	0.66	-0.63	0.19	0.3	0.42	-0.19	0.0	-0.29	HEI-A
EVTL	-0.4		-0.18	0.42	-0.74	0.18	0.18	-0.18	-0.28	0.65	EVTL
RLLCF	0.66	-0.18		-0.64	-0.23	0.41	0.49	-0.7	-0.25	-0.21	RLLCF
RKLB	-0.63	0.42	-0.64		-0.15	-0.09	-0.04	0.36	0.25	0.69	RKLB
HWM	0.19	-0.74	-0.23	-0.15		-0.31	-0.42	0.57	0.45	-0.49	HWM
HII	0.3	0.18	0.41	-0.09	-0.31		0.76	-0.34	0.3	0.32	HII
LHX	0.42	0.18	0.49	-0.04	-0.42	0.76		-0.48	0.29	0.5	LHX
SPR	-0.19	-0.18	-0.7	0.36	0.57	-0.34	-0.48		0.4	-0.02	SPR
AIR	0.0	-0.28	-0.25	0.25	0.45	0.3	0.29	0.4		0.24	AIR
CW	-0.29	0.65	-0.21	0.69	-0.49	0.32	0.5	-0.02	0.24		CW
	HEI-A	EVTL	RLLCF	RKLB	HWM	HII	LHX	SPR	AIR	CW

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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

LHX	+ 0.76	HII
CW	+ 0.69	RKLB
RLLCF	+ 0.66	HEI-A
CW	+ 0.65	EVTL
SPR	+ 0.57	HWM
CW	+ 0.5	LHX

High negative correlations

HWM	- 0.74	EVTL
SPR	- 0.7	RLLCF
RKLB	- 0.64	RLLCF
RKLB	- 0.63	HEI-A
CW	- 0.49	HWM
SPR	- 0.48	LHX

Risk-Adjusted Indicators

There is a big difference between Embraer Stock performing well and Embraer SA 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 Embraer SA'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
HEI-A	1.41	0.13	0.08	0.17	1.95	(1.55)	2.67	(2.31)	14.84
EVTL	6.74	(0.12)	0.00	(0.14)	0.00	0.00	20.75	(13.20)	74.49
RLLCF	3.59	0.01	0.01	(0.02)	4.54	(5.39)	10.34	(10.00)	22.93
RKLB	4.66	0.07	0.00	(0.05)	0.00	0.00	8.15	(8.94)	40.12
HWM	1.64	0.31	0.13	0.15	2.12	(1.86)	3.05	(4.03)	10.39
HII	1.79	0.23	0.07	0.25	3.56	(1.88)	5.24	(3.51)	21.51
LHX	1.06	(0.08)	0.00	(0.33)	0.00	0.00	2.06	(2.53)	6.75
SPR	0.94	0.15	0.14	0.19	1.18	(1.00)	1.89	(1.58)	6.12
AIR	1.28	0.08	0.06	0.06	1.75	(1.26)	2.30	(2.75)	12.14
CW	1.62	(0.07)	0.00	(0.14)	0.00	0.00	3.08	(4.36)	16.04

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