Park Aerospace Correlations

Stocks . Germany . 
Stock . Park Aerospace Corp
PKE Stock  EUR 13.20  0.00  0.00%   
The current 90-days correlation between Park Aerospace Corp and Raytheon Technologies Corp is 0.24 (i.e., Modest diversification). The correlation of Park Aerospace 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.

Park Aerospace Correlation With Market

Modest diversification

The correlation between Park Aerospace Corp and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Park Aerospace Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Park Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Park Aerospace 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 Park Aerospace - 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 Park Aerospace Corp to buy it.

Moving together with Park Stock

  0.73AIR Airbus SEPairCorr
  0.71AIRA Airbus SEPairCorr
  0.74AIR Airbus SEPairCorr
  0.84PPB Flutter Entertainment PLCPairCorr
  0.86CQD Charter CommunicationsPairCorr
  0.673FNA ADRIATIC METALS LSPairCorr
  0.81AZ5 AutoZonePairCorr
  0.92AF4 HANOVER INSURANCEPairCorr
  0.71VAI Vail ResortsPairCorr
  0.9PCG6 PG E P6PairCorr
  0.88EQN2 EquinixPairCorr
  0.86PTX Palantir TechnologiesPairCorr
  0.74APC Apple IncPairCorr
  0.78SYY SyscoPairCorr
  0.91EN3 EnbridgePairCorr
  0.86RC2 RCM TECHNOLOGIESPairCorr
  0.67UIPN Unipol Gruppo FinanziarioPairCorr
  0.74APC Apple IncPairCorr
  0.92CDA Controladora Vuela CompaaPairCorr
  0.82HXL HexcelPairCorr
  0.9QAN Qantas AirwaysPairCorr
  0.64D2V PARKEN Sport EntertaPairCorr
  0.93ADH2 Air CanadaPairCorr
  0.79GOB Compagnie de SaintPairCorr
  0.822T9A TRAINLINE PLC LSPairCorr
  0.912WY Wyndham Hotels ResortsPairCorr

Moving against Park Stock

  0.7BUU DevEx ResourcesPairCorr
  0.58LOM Lockheed MartinPairCorr
  0.58LOM Lockheed MartinPairCorr
  0.43NTH Northrop GrummanPairCorr

Related Correlations Analysis

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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   
LOM
+ 1.0
LOM
BCO
+ 0.99
BCO
AIRA
+ 0.99
AIR
AIR
+ 0.79
BCO
AIR
+ 0.79
BCO
AIRA
+ 0.78
BCO
  
High negative correlations   
AIRA
- 0.78
LOM
AIR
- 0.78
LOM
AIRA
- 0.77
LOM
AIR
- 0.77
LOM
LOM
- 0.67
BCO
BCO
- 0.66
LOM

Risk-Adjusted Indicators

There is a big difference between Park Stock performing well and Park 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 Park 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Park Aerospace 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.

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Park Aerospace Corporate Management

Elected by the shareholders, the Park Aerospace's board of directors comprises two types of representatives: Park Aerospace inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Park. The board's role is to monitor Park Aerospace's management team and ensure that shareholders' interests are well served. Park Aerospace's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Park Aerospace's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amy KornahrensG CounselProfile
John JamiesonVP UnitProfile
Cory NickelVP GMProfile
Steven PeakeVP TechnologyProfile
Frank AlbertoPres LtdProfile
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