Archer Aviation Correlations

ACHR-WT Stock

2.91 0.01 0.34%

The current 90-days correlation between Archer Aviation WT and Joby Aviation is 0.13 (i.e., Average diversification). The correlation of Archer Aviation 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.

Archer Aviation Correlation With Market

Good diversification

The correlation between Archer Aviation WT and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Aviation WT and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving against Archer Stock

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0.34	PTAIY	Astra International Tbk	Pair Corr
0.42	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.38	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.33	VZ	Verizon Communications	Pair Corr
0.31	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.31	CAT	Caterpillar Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JOBY-WT	LILMW	BKSY-WT	BLDEW	LIDRW
JOBY-WT		-0.49	0.81	0.82	0.67	JOBY-WT
LILMW	-0.49		-0.74	-0.15	-0.4	LILMW
BKSY-WT	0.81	-0.74		0.47	0.72	BKSY-WT
BLDEW	0.82	-0.15	0.47		0.38	BLDEW
LIDRW	0.67	-0.4	0.72	0.38		LIDRW
	JOBY-WT	LILMW	BKSY-WT	BLDEW	LIDRW

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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

BLDEW	+ 0.82	JOBY-WT
BKSY-WT	+ 0.81	JOBY-WT
LIDRW	+ 0.72	BKSY-WT
LIDRW	+ 0.67	JOBY-WT
BLDEW	+ 0.47	BKSY-WT
LIDRW	+ 0.38	BLDEW

High negative correlations

BKSY-WT	- 0.74	LILMW
LILMW	- 0.49	JOBY-WT
LIDRW	- 0.4	LILMW
BLDEW	- 0.15	LILMW

Risk-Adjusted Indicators

There is a big difference between Archer Stock performing well and Archer Aviation 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 Archer Aviation'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
JOBY-WT	7.89	1.80	0.18	6.35	8.51	(9.43)	21.05	(14.90)	77.61
LILMW	11.33	(1.82)	0.00	(0.75)	0.00	0.00	20.73	(23.64)	111.48
BKSY-WT	11.06	3.79	0.33	7.23	9.32	(13.95)	27.27	(16.67)	56.92
BLDEW	8.82	1.06	0.11	0.59	8.49	(12.45)	21.21	(15.22)	68.53
LIDRW	19.02	6.81	0.34	(0.98)	14.56	(26.21)	58.54	(25.00)	143.51

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