Thales SA Correlations

THLEF Stock

USD 153.95 0.93 0.61%

The current 90-days correlation between Thales SA and Rolls Royce Holdings PLC is 0.18 (i.e., Average diversification). The correlation of Thales 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.

Thales SA Correlation With Market

Significant diversification

The correlation between Thales SA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thales SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Thales 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 Thales 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 Thales 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 Thales SA to buy it.

Moving against Thales Pink Sheet

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0.54	AVAL	Grupo Aval	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.33	FNMFO	Federal National Mortgage Trending	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.32	CIB	Bancolombia SA ADR	Pair Corr
0.32	JXN-PA	Jackson Financial	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.64	MET	MetLife	Pair Corr
0.63	WMT	Walmart Aggressive Push	Pair Corr
0.6	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.6	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.58	DIS	Walt Disney Aggressive Push	Pair Corr
0.55	PG	Procter Gamble Sell-off Trend	Pair Corr
0.48	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.36	CSCO	Cisco Systems	Pair Corr
0.33	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	RYCEF	VTSI	BWXT	ERJ	HEI-A	EVTL	RKLB	RYCEY	SAFRY	ATRO
RYCEF		0.09	0.64	0.0	0.02	-0.46	0.23	0.99	0.67	-0.17	RYCEF
VTSI	0.09		0.66	0.81	0.74	-0.02	0.91	0.13	0.32	-0.71	VTSI
BWXT	0.64	0.66		0.44	0.45	-0.45	0.81	0.69	0.44	-0.67	BWXT
ERJ	0.0	0.81	0.44		0.71	-0.04	0.75	0.04	0.39	-0.7	ERJ
HEI-A	0.02	0.74	0.45	0.71		-0.02	0.68	0.02	0.4	-0.39	HEI-A
EVTL	-0.46	-0.02	-0.45	-0.04	-0.02		-0.12	-0.53	-0.37	0.2	EVTL
RKLB	0.23	0.91	0.81	0.75	0.68	-0.12		0.27	0.37	-0.81	RKLB
RYCEY	0.99	0.13	0.69	0.04	0.02	-0.53	0.27		0.66	-0.23	RYCEY
SAFRY	0.67	0.32	0.44	0.39	0.4	-0.37	0.37	0.66		-0.24	SAFRY
ATRO	-0.17	-0.71	-0.67	-0.7	-0.39	0.2	-0.81	-0.23	-0.24		ATRO
	RYCEF	VTSI	BWXT	ERJ	HEI-A	EVTL	RKLB	RYCEY	SAFRY	ATRO

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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

RYCEY	+ 0.99	RYCEF
RKLB	+ 0.91	VTSI
ERJ	+ 0.81	VTSI
RKLB	+ 0.81	BWXT
RKLB	+ 0.75	ERJ
HEI-A	+ 0.74	VTSI

High negative correlations

ATRO	- 0.81	RKLB
ATRO	- 0.71	VTSI
ATRO	- 0.7	ERJ
ATRO	- 0.67	BWXT
RYCEY	- 0.53	EVTL
EVTL	- 0.46	RYCEF

Risk-Adjusted Indicators

There is a big difference between Thales Pink Sheet performing well and Thales 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 Thales 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
RYCEF	1.43	0.12	0.02	0.64	1.93	(1.59)	2.74	(3.88)	10.11
VTSI	2.61	0.01	0.04	0.11	3.18	(2.93)	4.99	(4.73)	32.77
BWXT	1.38	0.27	0.15	0.43	1.33	(1.58)	3.48	(2.47)	7.85
ERJ	2.03	0.06	0.04	0.15	2.00	(2.59)	4.31	(3.28)	11.70
HEI-A	1.07	(0.04)	(0.03)	0.06	1.32	(1.11)	2.40	(2.10)	5.63
EVTL	6.90	0.01	0.02	0.11	7.68	(8.09)	16.23	(12.12)	66.11
RKLB	4.41	1.84	0.50	0.72	2.90	(5.28)	12.54	(4.76)	39.88
RYCEY	1.40	0.14	0.03	0.64	1.71	(1.53)	2.52	(3.20)	10.31
SAFRY	1.05	0.06	0.02	0.18	1.20	(1.09)	2.52	(2.47)	7.82
ATRO	2.31	(0.65)	0.00	(0.19)	0.00	0.00	3.60	(7.33)	22.57

Be your own money manager

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

Isabelle Simon	General Secretary, Member of the Executive Committee	Profile
Bertrand Delcaire	Head VP	Profile
Clement Villepin	Sr HR	Profile
Pierre Schaeffer	Chief VP	Profile
JeanClaude Climeau	Investor Relations Contact	Profile

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