Sky Harbour Correlations
| SKYH Stock | USD 12.07 0.37 3.16% |
The current 90-days correlation between Sky Harbour Group and Ducommun Incorporated is 0.17 (i.e., Average diversification). The correlation of Sky Harbour 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.
Sky Harbour Correlation With Market
Weak diversification
The correlation between Sky Harbour Group and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sky Harbour Group and DJI in the same portfolio, assuming nothing else is changed.
Sky |
Moving together with Sky Stock
Moving against Sky Stock
| 0.57 | GE | GE Aerospace | PairCorr |
| 0.52 | ERJ | Embraer SA ADR | PairCorr |
| 0.45 | HWM | Howmet Aerospace | PairCorr |
| 0.44 | EH | Ehang Holdings | PairCorr |
| 0.44 | ESLT | Elbit Systems Earnings Call This Week | PairCorr |
| 0.35 | AIR | AAR Corp | PairCorr |
| 0.52 | TGI | Triumph Group Sell-off Trend | PairCorr |
| 0.5 | RTX | Raytheon Technologies | PairCorr |
| 0.49 | POWWP | Ammo Preferred | PairCorr |
| 0.34 | KITTW | Nauticus Robotics | PairCorr |
| 0.33 | TDG | Transdigm Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sky Stock performing well and Sky Harbour 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 Sky Harbour'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DCO | 1.15 | (0.05) | 0.00 | (0.16) | 0.00 | 2.09 | 10.87 | |||
| ISSC | 2.79 | (0.13) | 0.00 | (0.15) | 0.00 | 5.05 | 32.27 | |||
| KAMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NPK | 1.17 | (0.02) | 0.00 | (0.10) | 0.00 | 1.78 | 9.22 | |||
| ATRO | 1.76 | 0.89 | 0.92 | 1.15 | 0.00 | 3.86 | 26.52 | |||
| KITTW | 21.34 | 7.42 | 0.48 | 4.46 | 12.27 | 44.46 | 223.76 | |||
| HXL | 1.35 | (0.11) | 0.00 | (0.16) | 0.00 | 2.20 | 7.61 | |||
| PKE | 1.33 | (0.04) | 0.00 | (0.12) | 0.00 | 2.27 | 7.97 | |||
| CDRE | 1.60 | 0.00 | 0.00 | (0.07) | 0.00 | 4.15 | 9.93 |
Sky Harbour Corporate Management
| Tim Herr | VP Treasurer | Profile | |
| Tal Keinan | Chairman CEO | Profile | |
| Gerald Adler | Company Secretary | Profile | |
| Millie HernandezBecker | Director Marketing | Profile | |
| Marty Kretchman | Senior Airports | Profile | |
| Alexander Saltzman | Chief Officer | Profile | |
| Alison Squiccimarro | In Counsel | Profile |