Loar Holdings Correlations

LOAR Stock

79.32 4.96 5.89%

The current 90-days correlation between Loar Holdings and United Homes Group is 0.07 (i.e., Significant diversification). The correlation of Loar Holdings 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.

Loar Holdings Correlation With Market

Modest diversification

The correlation between Loar Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loar Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Loar Stock, please use our How to Invest in Loar Holdings guide.

Moving together with Loar Stock

0.88	AZ	A2Z Smart Technologies	Pair Corr
0.72	CW	Curtiss Wright	Pair Corr
0.72	PL	Planet Labs PBC	Pair Corr
0.87	VSEC	VSE Corporation	Pair Corr
0.71	VTSI	VirTra Inc	Pair Corr
0.86	ESLT	Elbit Systems	Pair Corr
0.68	CAE	CAE Inc	Pair Corr
0.75	DRS	Leonardo DRS, Common	Pair Corr
0.73	HWM	Howmet Aerospace	Pair Corr
0.81	PKE	Park Electrochemical	Pair Corr
0.81	RDW	Redwire Corp	Pair Corr
0.78	TGI	Triumph Group	Pair Corr

Moving against Loar Stock

0.51	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.49	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.8	HII	Huntington Ingalls	Pair Corr
0.76	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.76	SIF	SIFCO Industries	Pair Corr
0.75	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.75	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.7	RGR	Sturm Ruger	Pair Corr
0.6	KITT	Nauticus Robotics	Pair Corr
0.58	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.53	TXT	Textron Fiscal Year End 22nd of January 2025	Pair Corr
0.52	TDG	Transdigm Group	Pair Corr
0.47	SHMDW	SCHMID Group NV	Pair Corr
0.35	KITTW	Nauticus Robotics	Pair Corr

Related Correlations Analysis

	CMG	HPP	DPZ	SLG	SHAK	DIN	UHG	BSET
CMG		-0.69	0.75	0.41	0.69	0.35	-0.31	0.38	CMG
HPP	-0.69		-0.72	-0.52	-0.74	-0.47	0.03	-0.45	HPP
DPZ	0.75	-0.72		0.61	0.84	0.73	0.16	0.7	DPZ
SLG	0.41	-0.52	0.61		0.72	0.55	0.25	0.53	SLG
SHAK	0.69	-0.74	0.84	0.72		0.62	0.02	0.65	SHAK
DIN	0.35	-0.47	0.73	0.55	0.62		0.52	0.6	DIN
UHG	-0.31	0.03	0.16	0.25	0.02	0.52		0.41	UHG
BSET	0.38	-0.45	0.7	0.53	0.65	0.6	0.41		BSET
	CMG	HPP	DPZ	SLG	SHAK	DIN	UHG	BSET

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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

SHAK	+ 0.84	DPZ
DPZ	+ 0.75	CMG
DIN	+ 0.73	DPZ
SHAK	+ 0.72	SLG
BSET	+ 0.7	DPZ
SHAK	+ 0.69	CMG

High negative correlations

SHAK	- 0.74	HPP
DPZ	- 0.72	HPP
HPP	- 0.69	CMG
SLG	- 0.52	HPP
DIN	- 0.47	HPP
BSET	- 0.45	HPP

Risk-Adjusted Indicators

There is a big difference between Loar Stock performing well and Loar Holdings 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 Loar Holdings' 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
CMG	1.27	0.18	0.08	0.30	1.91	(1.34)	2.74	(2.14)	10.61
HPP	3.00	(0.68)	0.00	(0.30)	0.00	0.00	6.35	(7.30)	16.57
DPZ	1.14	0.10	0.08	0.20	1.08	(1.39)	3.26	(1.80)	7.92
SLG	1.45	0.20	0.07	0.69	1.52	(1.64)	3.38	(2.53)	9.86
SHAK	1.69	0.54	0.30	4.42	1.16	(2.26)	5.02	(2.27)	11.94
DIN	2.57	(0.05)	0.04	0.08	2.62	(2.86)	4.47	(4.39)	19.97
UHG	3.22	(0.35)	0.00	(0.07)	0.00	0.00	7.79	(6.73)	30.43
BSET	1.47	0.06	(0.01)	0.47	1.88	(1.60)	3.03	(2.79)	9.61

Loar Holdings Corporate Executives

Elected by the shareholders, the Loar Holdings' board of directors comprises two types of representatives: Loar Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Loar. The board's role is to monitor Loar Holdings' management team and ensure that shareholders' interests are well served. Loar Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Loar Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Glenn DAlessandro

Treasurer CFO

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