MTU Aero Correlations
| MTUAY Stock | USD 184.40 2.78 1.49% |
The current 90-days correlation between MTU Aero Engines and MTU Aero Engines is 0.05 (i.e., Significant diversification). The correlation of MTU Aero 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.
MTU Aero Correlation With Market
Weak diversification
The correlation between MTU Aero Engines and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MTU Aero Engines and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to MTU Aero could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MTU Aero when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MTU Aero - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MTU Aero Engines to buy it.
Moving together with MTU Pink Sheet
| 0.64 | RLLCF | Rolls Royce Holdings | PairCorr |
| 0.78 | EADSF | Airbus Group SE | PairCorr |
| 0.81 | EADSY | Airbus Group NV | PairCorr |
| 0.72 | SAFRY | Safran SA | PairCorr |
Moving against MTU Pink Sheet
Related Correlations Analysis
| 0.63 | 0.88 | 0.78 | -0.18 | SAFRY | ||
| 0.63 | 0.66 | 0.72 | -0.09 | MTUAF | ||
| 0.88 | 0.66 | 0.88 | -0.1 | THLLY | ||
| 0.78 | 0.72 | 0.88 | -0.02 | HVRRY | ||
| -0.18 | -0.09 | -0.1 | -0.02 | SYIEY | ||
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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
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Risk-Adjusted Indicators
There is a big difference between MTU Pink Sheet performing well and MTU Aero 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 MTU Aero'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAFRY | 1.19 | 0.45 | 0.26 | 0.50 | 1.34 | 2.96 | 8.75 | |||
| MTUAF | 2.54 | 0.24 | 0.10 | (0.72) | 2.98 | 6.24 | 16.95 | |||
| THLLY | 1.93 | 1.10 | 0.61 | 7.18 | 0.97 | 6.96 | 27.66 | |||
| HVRRY | 1.13 | 0.27 | 0.21 | 1.07 | 1.23 | 2.82 | 6.52 | |||
| SYIEY | 1.12 | (0.07) | 0.00 | (3.23) | 0.00 | 2.69 | 5.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MTU Aero without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MTU Aero Corporate Management
| Eckhard Zanger | VP Affairs | Profile | |
| Thomas Franz | VP Relations | Profile | |
| Lars Wagner | COO Officer | Profile | |
| Chae KyooJoo | Chief Seoul | Profile | |
| Michael Schreyogg | Chief Board | Profile |