Air Competitors
| AL Stock | USD 64.67 0.05 0.08% |
Air Lease vs WW Grainger Correlation
Very poor diversification
The correlation between Air Lease and GWW is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Air Lease and GWW in the same portfolio, assuming nothing else is changed.
Moving together with Air Stock
Moving against Air Stock
| 0.87 | MSI | Multistack International | PairCorr |
| 0.84 | CAI | Caris Life Sciences | PairCorr |
| 0.8 | FPR | Fleetpartners Group | PairCorr |
| 0.72 | 61F | ELEMENT FLEET MGMT | PairCorr |
Air Lease Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Air Lease and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Air and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Air Lease does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Air Stock performing well and Air Lease 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 Air Lease'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LHX | 1.48 | 0.42 | 0.25 | 0.62 | 1.35 | 3.72 | 8.89 | |||
| CMI | 1.53 | 0.17 | 0.08 | 0.12 | 2.24 | 2.87 | 15.60 | |||
| PCAR | 1.25 | 0.25 | 0.22 | 0.25 | 0.91 | 3.08 | 7.78 | |||
| FDX | 1.04 | 0.48 | 0.47 | 0.64 | 0.35 | 3.34 | 6.66 | |||
| CNI | 1.08 | 0.24 | 0.14 | 0.42 | 1.39 | 2.57 | 7.66 | |||
| FERG | 1.29 | (0.07) | 0.00 | (0.02) | 0.00 | 3.14 | 8.35 | |||
| NSC | 0.79 | 0.12 | 0.10 | 0.22 | 0.91 | 2.36 | 5.51 | |||
| AXON | 2.54 | 0.11 | 0.04 | 0.11 | 3.05 | 5.49 | 18.97 | |||
| ROP | 1.37 | (0.34) | 0.00 | (0.28) | 0.00 | 2.30 | 11.55 | |||
| GWW | 1.17 | 0.26 | 0.16 | 0.27 | 1.43 | 3.55 | 12.51 |
Cross Equities Net Income Analysis
Compare Air Lease and related stocks such as L3Harris Technologies, Cummins, and PACCAR Inc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LHX | 59.6 M | 588 M | 30.6 M | 113 M | 535 M | 334 M | 324 M | 543 M | 699 M | 1.6 B | 1.1 B | 1.8 B | 1.1 B | 1.2 B | 1.5 B | 1.6 B | 1.7 B |
| CMI | 50.4 M | 1.8 B | 1.6 B | 1.5 B | 1.7 B | 1.4 B | 1.4 B | 999 M | 2.1 B | 2.3 B | 1.8 B | 2.1 B | 2.2 B | 735 M | 3.9 B | 2.8 B | 3 B |
| PCAR | 72.9 M | 1 B | 1.1 B | 1.2 B | 1.4 B | 1.6 B | 521.7 M | 1.7 B | 2.2 B | 2.4 B | 1.3 B | 1.9 B | 3 B | 4.6 B | 4.2 B | 2.4 B | 2.5 B |
| FDX | 131.8 M | 2 B | 1.6 B | 2.1 B | 1.1 B | 682 M | 1.9 B | 1.1 B | 540 M | 1.3 B | 5.2 B | 3.8 B | 4 B | 4.3 B | 4.1 B | 1.1 B | 1.5 B |
| CNI | (1.1 B) | 2.5 B | 2.7 B | 2.6 B | 3.2 B | 3.5 B | 3.6 B | 5.5 B | 4.3 B | 4.2 B | 3.5 B | 4.9 B | 5.1 B | 5.6 B | 4.4 B | 4.7 B | 2.8 B |
| FERG | 46.6 M | 89.5 M | 444.1 M | 852.1 M | 332.3 M | 870.8 M | 920 M | 1.3 B | 1.1 B | 961 M | 1.5 B | 2.1 B | 1.9 B | 1.7 B | 1.9 B | 2.1 B | 2.2 B |
| NSC | 500.2 M | 1.9 B | 1.7 B | 1.9 B | 2 B | 1.6 B | 1.7 B | 5.4 B | 2.7 B | 2.7 B | 2 B | 3 B | 3.3 B | 1.8 B | 2.6 B | 2.9 B | 1.5 B |
| AXON | (473.2 K) | (7 M) | 14.7 M | 18.2 M | 19.9 M | 19.9 M | 17.3 M | 5.2 M | 29.2 M | 882 K | (1.7 M) | (60 M) | 147.1 M | 175.8 M | 377 M | 124.9 M | 131.2 M |
| ROP | 4.9 M | 427.2 M | 483.4 M | 538.3 M | 646 M | 696.1 M | 658.6 M | 971.8 M | 944.4 M | 1.8 B | 949.7 M | 1.1 B | 1.2 B | 1.4 B | 1.5 B | 1.5 B | 1.6 B |
| GWW | 71.8 M | 658.4 M | 689.9 M | 797 M | 801.7 M | 769 M | 605.9 M | 585.7 M | 782 M | 849 M | 695 M | 1 B | 1.5 B | 1.8 B | 1.9 B | 1.7 B | 1.8 B |
Air Lease and related stocks such as L3Harris Technologies, Cummins, and PACCAR Inc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Air Lease financial statement analysis. It represents the amount of money remaining after all of Air Lease operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Air Lease Competitive Analysis
The better you understand Air Lease competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Air Lease's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Air Lease's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Air Lease Competition Performance Charts
Five steps to successful analysis of Air Lease Competition
Air Lease's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Air Lease in relation to its competition. Air Lease's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Air Lease in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Air Lease's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Air Lease, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Air Lease Correlation with its peers. For more information on how to buy Air Stock please use our How to buy in Air Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Lease. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Air Lease assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.809 | Dividend Share 0.88 | Earnings Share 9.29 | Revenue Per Share | Quarterly Revenue Growth 0.151 |
The market value of Air Lease is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Lease's value that differs from its market value or its book value, called intrinsic value, which is Air Lease's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Lease's market value can be influenced by many factors that don't directly affect Air Lease's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Air Lease's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Air Lease represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Air Lease's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.