Airbus Group Correlations

EADSY
 Stock
  

USD 28.52  0.24  0.83%   

The correlation of Airbus Group is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Airbus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airbus Group NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Airbus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airbus Group 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 Airbus Group - 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 Airbus Group NV to buy it.

Moving together with Airbus Group

+0.95AJRDAerojet RocketdynePairCorr
+0.68BABoeingPairCorr
+0.89CAECAE Inc Downward RallyPairCorr
+0.88MRCYMercury SystemsPairCorr
+0.69TDGTransdigm Group IncoPairCorr
+0.93TXTTextronPairCorr
+0.82WWDWoodwardPairCorr
+0.73AAWWAtlas Air WorldwidePairCorr
+0.9ABBABBPairCorr
+0.78ABMABM Industries Incor Fiscal Year End 21st of December 2022 PairCorr
+0.86ACMAecom TechnologyPairCorr
+0.92AERAerCap Holdings NVPairCorr

Moving against Airbus Group

-0.74KAMNKamanPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BWXTAJRD
BWXTAXON
CAEAXON
AJRDAIR
AXONAJRD
CAEBWXT
  
High negative correlations   
BAAVAV
AXONATRO
CVUATRO

Airbus Group Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Airbus OTC Pink Sheet performing well and Airbus Group company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Airbus Group's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AIR 1.65  0.06  0.03  0.15  2.33  0.0338 (1.53)  3.20 (3.81)  10.68 
AJRD 1.51  0.29  0.15  0.46  1.49  0.14 (1.65)  3.16 (2.60)  8.38 
ATRO 3.15 (0.09)  0.00  0.05  5.32 (0.0045) (2.76)  6.23 (6.70)  28.05 
AVAV 2.60 (0.01)  0.01  0.09  2.79  0.007 (2.90)  5.29 (4.99)  20.51 
AXON 1.89  0.70  0.30  1.20  1.56  0.24 (2.15)  5.11 (3.60)  18.16 
BA 2.13  0.12  0.04  0.19  3.18  0.0467 (1.98)  4.65 (5.37)  14.69 
BWXT 1.41  0.20  0.12  0.33  1.26  0.1 (1.64)  3.59 (2.35)  9.90 
CAE 2.04  0.08  0.07  0.14  2.00  0.0462 (2.57)  3.59 (3.23)  22.42 
CVU 6.10  1.75  0.28  1.35  4.69  0.20 (8.26)  11.38 (8.24)  48.73 

The entity Airbus Group NV with a symbol EADSY was recently relisted or delisted. You can potentially use Airbus Group NV with a symbol EADSY. Please make sure the ticker renaming or change in the classification of Airbus Group NV is not a temporary action by the exchange.

Airbus Group Corporate Directors

Airbus Group corporate directors refer to members of an Airbus Group board of directors. The board of directors generally takes responsibility for the Airbus Group's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Airbus Group's board members must vote for the resolution. The Airbus Group board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
JeanClaude Trichet - Non-Executive DirectorProfile
Rene Obermann - Non-Executive Independent DirectorProfile
Michel Pebereau - Independent DirectorProfile
John Parker - Independent DirectorProfile

Invested in Airbus Group NV?

The danger of trading Airbus Group NV is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Airbus Group is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Airbus Group. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Airbus Group NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for analysis

When running Airbus Group NV price analysis, check to measure Airbus Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Airbus Group is operating at the current time. Most of Airbus Group's value examination focuses on studying past and present price action to predict the probability of Airbus Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Airbus Group's price. Additionally, you may evaluate how the addition of Airbus Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Airbus Group's value and its price as these two are different measures arrived at by different means. Investors typically determine Airbus Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airbus Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.