Embraer SA Correlations

Summary

ERJDelisted Stock

USD 64.48 0.35 0.54%

The current 90-days correlation between Embraer SA ADR and Huntington Ingalls Industries is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Embraer SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Embraer SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Embraer SA Correlation With Market

Good diversification

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

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Embraer Stock

0.67	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.67	AXP	American Express	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.78	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against Embraer Stock

0.7	TRNR	Interactive Strength	Pair Corr
0.38	VLCN	VLCN Old Symbol Change	Pair Corr
0.35	DIS	Walt Disney	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr
0.33	BA	Boeing	Pair Corr
0.32	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	HII	DRS	TXT	BLD	KRMN	STRL	CAE	AYI	CR	STN
HII		-0.83	-0.14	0.45	-0.03	0.1	-0.24	0.65	0.5	-0.58	HII
DRS	-0.83		0.36	-0.45	0.34	0.13	0.59	-0.44	-0.31	0.74	DRS
TXT	-0.14	0.36		-0.14	-0.16	-0.28	0.51	0.06	-0.16	-0.1	TXT
BLD	0.45	-0.45	-0.14		0.17	0.04	-0.19	0.72	0.43	-0.2	BLD
KRMN	-0.03	0.34	-0.16	0.17		0.75	0.55	0.4	0.48	0.65	KRMN
STRL	0.1	0.13	-0.28	0.04	0.75		0.29	0.26	0.48	0.58	STRL
CAE	-0.24	0.59	0.51	-0.19	0.55	0.29		0.12	0.27	0.41	CAE
AYI	0.65	-0.44	0.06	0.72	0.4	0.26	0.12		0.58	-0.22	AYI
CR	0.5	-0.31	-0.16	0.43	0.48	0.48	0.27	0.58		0.11	CR
STN	-0.58	0.74	-0.1	-0.2	0.65	0.58	0.41	-0.22	0.11		STN
	HII	DRS	TXT	BLD	KRMN	STRL	CAE	AYI	CR	STN

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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

STRL	+ 0.75	KRMN
STN	+ 0.74	DRS
AYI	+ 0.72	BLD
AYI	+ 0.65	HII
STN	+ 0.65	KRMN
CAE	+ 0.59	DRS

High negative correlations

DRS	- 0.83	HII
STN	- 0.58	HII
BLD	- 0.45	DRS
AYI	- 0.44	DRS
CR	- 0.31	DRS
STRL	- 0.28	TXT

Risk-Adjusted Indicators

There is a big difference between Embraer Stock performing well and Embraer 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 Embraer 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
HII	1.34	0.20	0.13	0.26	1.25	(1.49)	3.00	(2.39)	10.50
DRS	1.45	(0.35)	0.00	(0.24)	0.00	0.00	2.51	(2.74)	12.09
TXT	0.98	0.02	0.01	0.09	1.26	(0.99)	2.06	(1.83)	6.24
BLD	1.61	(0.06)	(0.01)	0.03	1.67	(1.82)	4.15	(3.15)	13.76
KRMN	2.43	0.01	0.02	0.07	3.65	(2.27)	5.52	(5.73)	17.63
STRL	3.01	(0.14)	0.00	0.02	4.32	(3.19)	7.15	(7.45)	22.82
CAE	1.15	0.10	0.06	0.17	1.41	(1.12)	2.41	(2.36)	7.64
AYI	1.26	0.03	0.03	0.09	1.48	(1.24)	3.41	(2.25)	8.97
CR	1.10	(0.04)	(0.02)	0.04	1.24	(1.26)	2.13	(2.32)	6.88
STN	1.11	(0.36)	0.00	(0.21)	0.00	0.00	1.75	(2.28)	8.69

Delisting Warning - ERJ

Embraer SA ADR was delisted

The entity Embraer SA ADR with a symbol ERJ was delisted from New York Stock Exchange. Please try Embraer SA with a symbol EMBJ from now on. Check all delisted instruments accross multiple markets.

Still Interested in Embraer SA ADR?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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