Safran SA Correlations

SAFRY Stock

USD 69.63 1.10 1.61%

The current 90-days correlation between Safran SA and Airbus Group NV is 0.65 (i.e., Poor diversification). The correlation of Safran SA 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.

Safran SA Correlation With Market

Very weak diversification

The correlation between Safran SA and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safran SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Safran SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safran SA 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 Safran SA - 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 Safran SA to buy it.

Moving together with Safran Pink Sheet

0.89	RTX	Raytheon Technologies	Pair Corr
0.94	EADSF	Airbus Group SE	Pair Corr
0.95	EADSY	Airbus Group NV	Pair Corr
0.73	TDG	Transdigm Group	Pair Corr
0.89	MBAV	M3 Brigade Acquisition	Pair Corr
0.93	BAYZF	Bayer AG	Pair Corr
0.89	DTRUY	Daimler Truck Holding	Pair Corr
0.61	NEM	Newmont Goldcorp Corp	Pair Corr
0.75	O	Realty Income Sell-off Trend	Pair Corr
0.75	UMCN	UMC Inc	Pair Corr
0.68	ARCO	Arcos Dorados Holdings	Pair Corr
0.69	PXHI	Phonex Inc Earnings Call This Week	Pair Corr

Moving against Safran Pink Sheet

0.37	BA	Boeing Sell-off Trend	Pair Corr
0.36	DCGO	DocGo Inc	Pair Corr
0.35	TLK	Telkom Indonesia Tbk	Pair Corr
0.34	PPERY	Bank Mandiri Persero Downward Rally	Pair Corr
0.32	PPERF	Bank Mandiri Persero	Pair Corr
0.68	WHLRL	Wheeler Real Estate	Pair Corr
0.51	78413KAB8	SESGFP 53 25	Pair Corr
0.62	CHNXF	ChitogenX	Pair Corr
0.39	FUAPF	Global Cannabis Appl	Pair Corr

Related Correlations Analysis

	EADSY	MOG-B	LILMW	BAESF	EADSF	ERJ	BAESY	AIR	DCO	ISSC
EADSY		-0.65	0.0	0.83	0.97	0.89	0.82	0.07	-0.34	-0.32	EADSY
MOG-B	-0.65		0.0	-0.67	-0.67	-0.67	-0.67	0.24	0.55	0.44	MOG-B
LILMW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LILMW
BAESF	0.83	-0.67	0.0		0.83	0.94	1.0	-0.12	-0.57	-0.66	BAESF
EADSF	0.97	-0.67	0.0	0.83		0.88	0.82	0.08	-0.37	-0.34	EADSF
ERJ	0.89	-0.67	0.0	0.94	0.88		0.94	0.01	-0.44	-0.5	ERJ
BAESY	0.82	-0.67	0.0	1.0	0.82	0.94		-0.13	-0.58	-0.67	BAESY
AIR	0.07	0.24	0.0	-0.12	0.08	0.01	-0.13		0.64	0.57	AIR
DCO	-0.34	0.55	0.0	-0.57	-0.37	-0.44	-0.58	0.64		0.88	DCO
ISSC	-0.32	0.44	0.0	-0.66	-0.34	-0.5	-0.67	0.57	0.88		ISSC
	EADSY	MOG-B	LILMW	BAESF	EADSF	ERJ	BAESY	AIR	DCO	ISSC

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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

BAESY	+ 1.0	BAESF
EADSF	+ 0.97	EADSY
ERJ	+ 0.94	BAESF
BAESY	+ 0.94	ERJ
ERJ	+ 0.89	EADSY
ERJ	+ 0.88	EADSF

High negative correlations

ISSC	- 0.67	BAESY
BAESY	- 0.67	MOG-B
ERJ	- 0.67	MOG-B
EADSF	- 0.67	MOG-B
BAESF	- 0.67	MOG-B
ISSC	- 0.66	BAESF

Risk-Adjusted Indicators

There is a big difference between Safran Pink Sheet performing well and Safran SA 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 Safran SA'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
EADSY	1.31	0.32	0.19	0.38	1.49	(1.37)	3.12	(2.63)	13.17
MOG-B	1.48	(0.32)	0.00	0.55	0.00	0.00	3.54	(7.68)	13.83
LILMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAESF	2.15	0.71	0.36	2.16	1.54	(2.81)	6.72	(2.97)	20.03
EADSF	1.76	0.26	0.14	0.33	1.81	(2.20)	4.08	(3.85)	11.88
ERJ	1.91	0.79	0.48	1.23	1.10	(2.23)	6.01	(2.43)	19.10
BAESY	2.02	0.75	0.43	6.37	1.26	(2.38)	6.54	(2.90)	21.16
AIR	1.27	0.08	0.07	0.05	1.75	(1.23)	2.30	(2.75)	12.14
DCO	1.29	(0.02)	0.00	(0.14)	0.00	0.00	2.20	(2.93)	12.89
ISSC	2.76	0.06	0.00	(0.05)	0.00	0.00	5.14	(5.85)	32.27

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Our tools can tell you how much better you can do entering a position in Safran SA 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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Safran SA Corporate Management

Frdric Verger	Chief VP	Profile
Stephane Cueille	Chief Power	Profile
Stphane Dubois	Exec Responsibility	Profile
Coralie Bouscasse	Group Counsel	Profile
Pascal Bantegnie	CFO Treasurer	Profile

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