Vertical Aerospace Correlations

EVTL Stock

USD 4.30 0.02 0.47%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vertical Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vertical Aerospace moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vertical Aerospace Correlation With Market

Average diversification

The correlation between Vertical Aerospace and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vertical Aerospace 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 Vertical Aerospace. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Vertical Stock please use our How to buy in Vertical Stock guide.

Moving together with Vertical Stock

0.66	CW	Curtiss Wright	Pair Corr
0.77	DPRO	Draganfly Earnings Call This Week	Pair Corr
0.76	VTSI	VirTra Inc	Pair Corr
0.74	EVEX	Eve Holding	Pair Corr
0.78	KWE	KWESST Micro Systems	Pair Corr

Moving against Vertical Stock

0.84	RTX	Raytheon Technologies	Pair Corr
0.75	HWM	Howmet Aerospace	Pair Corr
0.72	ERJ	Embraer SA ADR	Pair Corr
0.69	EH	Ehang Holdings	Pair Corr
0.68	ESLT	Elbit Systems Earnings Call Tomorrow	Pair Corr
0.68	RGR	Sturm Ruger	Pair Corr
0.34	SATLW	Satellogic Warrant	Pair Corr
0.32	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.77	POWWP	Ammo Preferred	Pair Corr
0.77	SARO	StandardAero,	Pair Corr
0.76	TGI	Triumph Group	Pair Corr
0.65	TDG	Transdigm Group	Pair Corr
0.59	POWW	Ammo Inc	Pair Corr
0.49	WWD	Woodward	Pair Corr
0.38	MRCY	Mercury Systems	Pair Corr

Related Correlations Analysis

	ACHR	EH	RKLB	LLAP	LILM	ASTR	HEI-A	RLLCF	ERJ	HEI
ACHR		-0.33	0.78	0.0	0.74	0.0	-0.58	-0.61	-0.62	-0.55	ACHR
EH	-0.33		-0.49	0.0	-0.57	0.0	0.3	0.2	0.71	0.17	EH
RKLB	0.78	-0.49		0.0	0.73	0.0	-0.66	-0.75	-0.71	-0.65	RKLB
LLAP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LLAP
LILM	0.74	-0.57	0.73	0.0		0.0	-0.62	-0.59	-0.68	-0.56	LILM
ASTR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ASTR
HEI-A	-0.58	0.3	-0.66	0.0	-0.62	0.0		0.75	0.74	0.98	HEI-A
RLLCF	-0.61	0.2	-0.75	0.0	-0.59	0.0	0.75		0.56	0.8	RLLCF
ERJ	-0.62	0.71	-0.71	0.0	-0.68	0.0	0.74	0.56		0.65	ERJ
HEI	-0.55	0.17	-0.65	0.0	-0.56	0.0	0.98	0.8	0.65		HEI
	ACHR	EH	RKLB	LLAP	LILM	ASTR	HEI-A	RLLCF	ERJ	HEI

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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

HEI	+ 0.98	HEI-A
HEI	+ 0.8	RLLCF
RKLB	+ 0.78	ACHR
RLLCF	+ 0.75	HEI-A
LILM	+ 0.74	ACHR
ERJ	+ 0.74	HEI-A

High negative correlations

RLLCF	- 0.75	RKLB
ERJ	- 0.71	RKLB
ERJ	- 0.68	LILM
HEI-A	- 0.66	RKLB
HEI	- 0.65	RKLB
HEI-A	- 0.62	LILM

Risk-Adjusted Indicators

There is a big difference between Vertical Stock performing well and Vertical Aerospace 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 Vertical Aerospace'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
ACHR	4.92	0.46	0.05	0.09	5.72	(5.68)	12.71	(9.87)	34.68
EH	3.50	0.80	0.20	0.66	3.20	(3.87)	11.07	(6.26)	30.67
RKLB	4.53	(0.01)	0.00	(0.07)	0.00	0.00	7.37	(8.94)	40.12
LLAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LILM	18.02	3.21	0.16	1.62	15.87	(28.64)	40.00	(35.71)	318.04
ASTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEI-A	1.41	0.10	0.07	0.12	1.93	(1.57)	2.67	(2.31)	14.84
RLLCF	3.75	0.24	0.05	(2.20)	4.54	(5.42)	10.34	(10.00)	22.93
ERJ	2.01	0.64	0.28	0.87	1.79	(2.22)	5.43	(3.67)	21.75
HEI	1.30	0.07	0.06	0.13	1.91	(1.39)	2.19	(2.32)	16.20

Vertical Aerospace Corporate Management

Paul Cotton	Head Monitoring	Profile
John Maloney	Interim Officer	Profile
Eduardo Puerta	Chief Officer	Profile
Justin Bates	Head Communications	Profile
Stuart Simpson	Chief Officer	Profile
Andrew Macmillian	Chief Officer	Profile
Andrew Macmillan	Chief Officer	Profile

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