Innovative Solutions Correlations

ISSC Stock

USD 6.87 0.03 0.43%

The current 90-days correlation between Innovative Solutions and and Park Electrochemical is 0.14 (i.e., Average diversification). The correlation of Innovative Solutions 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.

Innovative Solutions Correlation With Market

Weak diversification

The correlation between Innovative Solutions and and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovative Solutions and and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Solutions and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Innovative Stock

0.65	CW	Curtiss Wright	Pair Corr
0.61	PL	Planet Labs PBC Earnings Call Today	Pair Corr
0.89	CVU	CPI Aerostructures	Pair Corr
0.91	DCO	Ducommun Incorporated	Pair Corr
0.69	DRS	Leonardo DRS, Common	Pair Corr
0.79	HXL	Hexcel	Pair Corr
0.78	PKE	Park Electrochemical	Pair Corr
0.87	RDW	Redwire Corp	Pair Corr
0.74	SIF	SIFCO Industries	Pair Corr

Moving against Innovative Stock

0.67	RGR	Sturm Ruger	Pair Corr
0.56	HEI	Heico	Pair Corr
0.5	ERJ	Embraer SA ADR	Pair Corr
0.48	EH	Ehang Holdings	Pair Corr
0.42	ESLT	Elbit Systems	Pair Corr
0.32	TGI	Triumph Group	Pair Corr

Related Correlations Analysis

	PKE	KAMN	VSEC	CW	DCO	NPK	ATRO	CDRE
PKE		0.0	-0.49	0.71	0.75	0.36	-0.71	0.61	PKE
KAMN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KAMN
VSEC	-0.49	0.0		-0.46	-0.51	-0.51	0.86	-0.11	VSEC
CW	0.71	0.0	-0.46		0.74	0.22	-0.68	0.37	CW
DCO	0.75	0.0	-0.51	0.74		0.39	-0.62	0.72	DCO
NPK	0.36	0.0	-0.51	0.22	0.39		-0.56	0.26	NPK
ATRO	-0.71	0.0	0.86	-0.68	-0.62	-0.56		-0.29	ATRO
CDRE	0.61	0.0	-0.11	0.37	0.72	0.26	-0.29		CDRE
	PKE	KAMN	VSEC	CW	DCO	NPK	ATRO	CDRE

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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

ATRO	+ 0.86	VSEC
DCO	+ 0.75	PKE
DCO	+ 0.74	CW
CDRE	+ 0.72	DCO
CW	+ 0.71	PKE
CDRE	+ 0.61	PKE

High negative correlations

ATRO	- 0.71	PKE
ATRO	- 0.68	CW
ATRO	- 0.62	DCO
ATRO	- 0.56	NPK
NPK	- 0.51	VSEC
DCO	- 0.51	VSEC

Risk-Adjusted Indicators

There is a big difference between Innovative Stock performing well and Innovative Solutions 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 Innovative Solutions' 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
PKE	1.31	(0.12)	0.00	0.61	0.00	0.00	2.27	(2.98)	7.97
KAMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSEC	2.04	0.25	0.08	0.35	2.65	(2.11)	4.50	(5.29)	21.51
CW	1.52	(0.09)	0.00	(0.08)	0.00	0.00	3.08	(4.29)	15.27
DCO	1.16	(0.12)	0.00	(0.22)	0.00	0.00	2.09	(2.77)	10.87
NPK	1.16	(0.05)	0.00	(0.06)	0.00	0.00	1.78	(2.41)	9.22
ATRO	1.74	0.77	0.63	0.85	0.47	(2.33)	4.14	(1.65)	26.52
CDRE	1.66	(0.18)	0.00	(0.27)	0.00	0.00	4.15	(3.83)	9.93

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