Curtiss Wright Correlations

CW Stock

USD 536.81 6.92 1.27%

The current 90-days correlation between Curtiss Wright and Elbit Systems is -0.12 (i.e., Good diversification). The correlation of Curtiss Wright 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.

Curtiss Wright Correlation With Market

Very weak diversification

The correlation between Curtiss Wright and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curtiss Wright and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Curtiss Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Curtiss Wright. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.

Moving together with Curtiss Stock

0.9	GD	General Dynamics Sell-off Trend	Pair Corr
0.8	688239	Guizhou Aviation Tec	Pair Corr
0.81	AIR	AAR Corp	Pair Corr
0.88	HII	Huntington Ingalls	Pair Corr
0.92	HWM	Howmet Aerospace	Pair Corr
0.74	LHX	L3Harris Technologies	Pair Corr

Moving against Curtiss Stock

0.81	300965	Beijing Hengyu Datacom	Pair Corr
0.77	600038	Avicopter PLC	Pair Corr
0.72	688297	AVIC UAS	Pair Corr
0.71	BA	Boeing	Pair Corr
0.65	688586	Hefei Jianghang Aircraft	Pair Corr
0.63	688070	Chengdu JOUAV Automation	Pair Corr
0.56	HCL	Highcom	Pair Corr
0.41	SNR	Senior PLC	Pair Corr
0.75	SPR	Spirit Aerosystems	Pair Corr
0.57	300395	Hubei Feilihua Quartz	Pair Corr
0.49	MDA	MDA	Pair Corr
0.46	CVU	CPI Aerostructures	Pair Corr
0.42	DRS	Leonardo DRS, Common	Pair Corr
0.37	RDW	Redwire Corp	Pair Corr

Related Correlations Analysis

	ESLT	BWXT	WWD	AER	VLTO	HUBB	DOV	AVAV	NVT	TXT
ESLT		0.21	-0.17	-0.26	0.07	-0.44	-0.72	0.45	0.01	0.66	ESLT
BWXT	0.21		0.67	0.29	-0.62	0.21	-0.17	0.9	0.74	0.09	BWXT
WWD	-0.17	0.67		0.65	-0.73	0.36	0.38	0.58	0.75	-0.11	WWD
AER	-0.26	0.29	0.65		-0.73	0.56	0.52	0.09	0.64	-0.23	AER
VLTO	0.07	-0.62	-0.73	-0.73		-0.45	-0.21	-0.51	-0.85	0.21	VLTO
HUBB	-0.44	0.21	0.36	0.56	-0.45		0.62	-0.08	0.57	-0.4	HUBB
DOV	-0.72	-0.17	0.38	0.52	-0.21	0.62		-0.44	0.2	-0.64	DOV
AVAV	0.45	0.9	0.58	0.09	-0.51	-0.08	-0.44		0.6	0.36	AVAV
NVT	0.01	0.74	0.75	0.64	-0.85	0.57	0.2	0.6		0.0	NVT
TXT	0.66	0.09	-0.11	-0.23	0.21	-0.4	-0.64	0.36	0.0		TXT
	ESLT	BWXT	WWD	AER	VLTO	HUBB	DOV	AVAV	NVT	TXT

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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

AVAV	+ 0.9	BWXT
NVT	+ 0.75	WWD
NVT	+ 0.74	BWXT
WWD	+ 0.67	BWXT
TXT	+ 0.66	ESLT
AER	+ 0.65	WWD

High negative correlations

NVT	- 0.85	VLTO
VLTO	- 0.73	AER
VLTO	- 0.73	WWD
DOV	- 0.72	ESLT
TXT	- 0.64	DOV
VLTO	- 0.62	BWXT

Risk-Adjusted Indicators

There is a big difference between Curtiss Stock performing well and Curtiss Wright 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 Curtiss Wright'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
ESLT	1.55	0.12	0.05	0.21	1.88	(1.60)	3.12	(2.75)	12.38
BWXT	1.78	0.09	0.03	0.09	2.89	(1.67)	3.36	(4.68)	14.18
WWD	1.14	0.04	0.03	0.07	1.24	(1.22)	2.56	(1.80)	10.54
AER	1.06	0.19	0.16	0.34	0.93	(1.30)	2.23	(1.45)	12.31
VLTO	0.73	(0.15)	0.00	(0.32)	0.00	0.00	1.32	(1.69)	5.87
HUBB	1.23	(0.01)	0.00	0.07	0.00	0.00	2.52	(2.91)	8.31
DOV	1.04	0.00	0.00	0.03	1.20	(1.14)	2.13	(1.87)	10.21
AVAV	2.65	0.20	0.06	0.17	3.24	(2.74)	4.79	(5.83)	18.51
NVT	1.54	0.21	0.12	0.18	1.57	(1.70)	3.66	(2.44)	14.55
TXT	1.03	(0.02)	(0.01)	0.01	1.44	(0.99)	2.05	(2.64)	6.35

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