Elbit Systems Correlations
| ESLT Stock | USD 438.47 0.20 0.05% |
The current 90-days correlation between Elbit Systems and CAE Inc is 0.23 (i.e., Modest diversification). The correlation of Elbit Systems 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.
Elbit Systems Correlation With Market
Significant diversification
The correlation between Elbit Systems and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elbit Systems and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Elbit Stock
| 0.62 | CW | Curtiss Wright | PairCorr |
| 0.66 | PL | Planet Labs PBC | PairCorr |
| 0.62 | EVEX | Eve Holding | PairCorr |
| 0.65 | CAE | CAE Inc | PairCorr |
| 0.69 | DCO | Ducommun Incorporated | PairCorr |
| 0.68 | HEI | Heico | PairCorr |
| 0.61 | LHX | L3Harris Technologies | PairCorr |
| 0.66 | RDW | Redwire Corp | PairCorr |
| 0.72 | RTX | Raytheon Technologies | PairCorr |
| 0.61 | SIF | SIFCO Industries | PairCorr |
| 0.67 | WWD | Woodward | PairCorr |
Moving against Elbit Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Elbit Stock performing well and Elbit Systems 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 Elbit Systems' 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 | 1.82 | 0.17 | 0.06 | 0.38 | 2.48 | 3.75 | 10.54 | |||
| TGI | 0.29 | 0.01 | (0.02) | 0.42 | 0.61 | 0.68 | 3.67 | |||
| CAE | 1.58 | 0.14 | 0.04 | (4.10) | 2.68 | 3.18 | 15.63 | |||
| AJRD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIR | 1.89 | 0.02 | 0.00 | (0.19) | 3.88 | 3.33 | 19.40 | |||
| CW | 1.48 | 0.53 | 0.20 | 2.87 | 1.95 | 3.36 | 13.11 | |||
| HXL | 1.84 | (0.07) | 0.00 | (0.03) | 0.00 | 3.39 | 16.48 | |||
| KAMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MOG-A | 1.64 | (0.02) | 0.00 | 0.01 | 2.58 | 3.41 | 18.19 | |||
| ATRO | 2.35 | 0.50 | 0.18 | (15.54) | 2.20 | 6.07 | 19.33 |
Elbit Systems Corporate Management
| David Temin | Chief Compliance Officer, Executive VP and Sr. Counsel | Profile | |
| Daniella Finn | Vice Relations | Profile | |
| Oren Sabag | Executive EW | Profile | |
| Yehuda Vered | General Manager of Elbit Systems Land and C4I Division | Profile | |
| Rami Myerson | Director Relations | Profile |