Triumph Correlations

TGI Stock

USD 18.77 0.62 3.20%

The current 90-days correlation between Triumph Group and Mercury Systems is 0.3 (i.e., Weak diversification). The correlation of Triumph 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.

Triumph Correlation With Market

Modest diversification

The correlation between Triumph Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triumph 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 Triumph 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 price.

Moving together with Triumph Stock

0.73	CW	Curtiss Wright	Pair Corr
0.86	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.89	VTSI	VirTra Inc	Pair Corr
0.87	ESLT	Elbit Systems	Pair Corr
0.9	CAE	CAE Inc	Pair Corr
0.79	DRS	Leonardo DRS, Common	Pair Corr
0.73	ERJ	Embraer SA ADR	Pair Corr
0.65	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.87	HWM	Howmet Aerospace	Pair Corr
0.88	PKE	Park Electrochemical	Pair Corr
0.91	RDW	Redwire Corp	Pair Corr
0.67	WWD	Woodward	Pair Corr

Moving against Triumph Stock

0.54	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.35	EVTL	Vertical Aerospace Trending	Pair Corr
0.78	RGR	Sturm Ruger	Pair Corr
0.76	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.74	HII	Huntington Ingalls	Pair Corr
0.69	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.63	SIF	SIFCO Industries	Pair Corr
0.6	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.5	SPR	Spirit Aerosystems	Pair Corr
0.85	LILMW	Lilium Equity Warrants	Pair Corr
0.71	KITT	Nauticus Robotics Buyout Trend	Pair Corr
0.58	KITTW	Nauticus Robotics	Pair Corr
0.52	AAIIQ	Alabama Aircraft Ind	Pair Corr

Related Correlations Analysis

	MRCY	CW	HXL	KAMN	DCO	PKE	NPK	ATRO	AIR	MOG-A
MRCY		0.4	0.04	0.35	0.81	0.48	0.59	-0.33	0.69	0.82	MRCY
CW	0.4		0.08	0.71	0.37	0.81	0.21	-0.64	-0.04	0.72	CW
HXL	0.04	0.08		-0.02	0.21	0.25	0.48	0.24	0.09	-0.01	HXL
KAMN	0.35	0.71	-0.02		0.25	0.74	0.41	-0.69	0.02	0.66	KAMN
DCO	0.81	0.37	0.21	0.25		0.39	0.56	-0.13	0.69	0.74	DCO
PKE	0.48	0.81	0.25	0.74	0.39		0.57	-0.66	0.19	0.7	PKE
NPK	0.59	0.21	0.48	0.41	0.56	0.57		-0.23	0.65	0.52	NPK
ATRO	-0.33	-0.64	0.24	-0.69	-0.13	-0.66	-0.23		-0.14	-0.56	ATRO
AIR	0.69	-0.04	0.09	0.02	0.69	0.19	0.65	-0.14		0.53	AIR
MOG-A	0.82	0.72	-0.01	0.66	0.74	0.7	0.52	-0.56	0.53		MOG-A
	MRCY	CW	HXL	KAMN	DCO	PKE	NPK	ATRO	AIR	MOG-A

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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

MOG-A	+ 0.82	MRCY
DCO	+ 0.81	MRCY
PKE	+ 0.81	CW
PKE	+ 0.74	KAMN
MOG-A	+ 0.74	DCO
MOG-A	+ 0.72	CW

High negative correlations

ATRO	- 0.69	KAMN
ATRO	- 0.66	PKE
ATRO	- 0.64	CW
MOG-A	- 0.56	ATRO
ATRO	- 0.33	MRCY
ATRO	- 0.23	NPK

Risk-Adjusted Indicators

There is a big difference between Triumph Stock performing well and Triumph 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 Triumph'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
MRCY	1.75	(0.17)	0.04	0.06	1.71	(2.26)	2.83	(3.14)	29.10
CW	1.23	0.22	0.09	0.58	1.68	(1.38)	2.96	(2.48)	11.02
HXL	1.18	(0.19)	0.00	(0.01)	0.00	0.00	2.35	(2.66)	6.19
KAMN	1.85	0.17	0.00	(0.33)	2.21	(1.87)	5.37	(3.75)	14.48
DCO	1.31	(0.16)	(0.05)	0.02	1.55	(1.44)	2.90	(2.30)	8.32
PKE	1.30	(0.02)	0.05	0.10	1.07	(1.71)	2.61	(2.02)	12.34
NPK	1.16	(0.08)	(0.03)	0.05	1.39	(1.23)	2.43	(2.44)	8.03
ATRO	2.34	(0.62)	0.00	(0.16)	0.00	0.00	3.60	(7.33)	22.57
AIR	1.51	(0.09)	0.00	0.06	1.95	(1.68)	2.64	(3.52)	14.62
MOG-A	1.37	(0.05)	0.06	0.09	1.49	(1.50)	2.69	(2.44)	14.78

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