Volato Correlations

SOAR Stock

0.19 0 1.05%

The current 90-days correlation between Volato Group and Orbit Garant Drilling is -0.05 (i.e., Good diversification). The correlation of Volato 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.

Volato Correlation With Market

Average diversification

The correlation between Volato Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volato Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volato Group. 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.

Moving against Volato Stock

0.63	B	Barnes Group	Pair Corr
0.57	OMAB	Grupo Aeroportuario del Earnings Call This Week	Pair Corr
0.5	ASLE	AerSale Corp	Pair Corr
0.5	BZ	Kanzhun Ltd ADR	Pair Corr
0.48	BA	Boeing	Pair Corr
0.46	AP	Ampco Pittsburgh	Pair Corr
0.42	ASR	Grupo Aeroportuario del Earnings Call This Week	Pair Corr
0.41	CP	Canadian Pacific Railway	Pair Corr
0.6	LZ	LegalZoom Earnings Call This Week	Pair Corr
0.55	MG	Mistras Group	Pair Corr
0.53	GE	GE Aerospace Sell-off Trend	Pair Corr
0.52	PL	Planet Labs PBC	Pair Corr
0.5	TH	Target Hospitality Corp	Pair Corr
0.46	RR	Richtech Robotics Class	Pair Corr
0.45	EH	Ehang Holdings	Pair Corr
0.36	DE	Deere Company	Pair Corr

Related Correlations Analysis

	RIG	CLGOF	OBGRF	TS	CCGY	AWLCF	PTEN
RIG		-0.19	-0.29	-0.2	0.0	0.52	0.22	RIG
CLGOF	-0.19		-0.33	-0.35	0.0	0.48	-0.72	CLGOF
OBGRF	-0.29	-0.33		0.15	0.0	-0.21	0.19	OBGRF
TS	-0.2	-0.35	0.15		0.0	-0.46	0.45	TS
CCGY	0.0	0.0	0.0	0.0		0.0	0.0	CCGY
AWLCF	0.52	0.48	-0.21	-0.46	0.0		-0.52	AWLCF
PTEN	0.22	-0.72	0.19	0.45	0.0	-0.52		PTEN
	RIG	CLGOF	OBGRF	TS	CCGY	AWLCF	PTEN

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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

AWLCF	+ 0.52	RIG
AWLCF	+ 0.48	CLGOF
PTEN	+ 0.45	TS
PTEN	+ 0.22	RIG
PTEN	+ 0.19	OBGRF
TS	+ 0.15	OBGRF

High negative correlations

PTEN	- 0.72	CLGOF
PTEN	- 0.52	AWLCF
AWLCF	- 0.46	TS
TS	- 0.35	CLGOF
OBGRF	- 0.33	CLGOF
OBGRF	- 0.29	RIG

Risk-Adjusted Indicators

There is a big difference between Volato Stock performing well and Volato 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 Volato'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
RIG	2.21	(0.33)	0.00	(0.61)	0.00	0.00	4.52	(4.21)	10.57
CLGOF	0.66	(0.12)	0.00	1.14	0.00	0.00	0.00	0.00	36.16
OBGRF	1.97	0.75	0.00	1.03	0.00	0.00	1.82	(1.79)	25.78
TS	0.99	0.09	0.06	0.27	1.28	(1.00)	1.70	(2.32)	6.28
CCGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWLCF	0.17	(0.10)	0.00	0.61	0.00	0.00	0.00	0.00	5.73
PTEN	2.09	0.15	0.06	0.21	2.40	(2.38)	4.19	(3.60)	12.74

Volato Corporate Management

Brian Coulter	Executive Operations	Profile
Mark Heinen	Chief Officer	Profile
Steven Drucker	Chief Officer	Profile
Norm Katz	Executive Sales	Profile
Michael Prachar	Chief Officer	Profile

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