Archer Aviation Correlations

ACHR Stock

USD 5.78 0.72 14.23%

The current 90-days correlation between Archer Aviation and Vertical Aerospace is 0.5 (i.e., Very weak 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

Modest diversification

The correlation between Archer Aviation and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Aviation 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Archer Stock, please use our How to Invest in Archer Aviation guide.

Moving together with Archer Stock

0.86	PL	Planet Labs PBC	Pair Corr
0.68	ESLT	Elbit Systems	Pair Corr
0.78	CAE	CAE Inc	Pair Corr
0.68	DRS	Leonardo DRS, Common	Pair Corr
0.65	HWM	Howmet Aerospace	Pair Corr
0.63	PKE	Park Electrochemical	Pair Corr
0.71	RDW	Redwire Corp	Pair Corr
0.82	TGI	Triumph Group	Pair Corr

Moving against Archer Stock

0.57	HII	Huntington Ingalls	Pair Corr
0.42	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.66	RGR	Sturm Ruger	Pair Corr
0.65	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.61	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.58	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.52	SIF	SIFCO Industries	Pair Corr
0.41	TDG	Transdigm Group	Pair Corr
0.8	LILMW	Lilium Equity Warrants	Pair Corr
0.49	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.31	AAIIQ	Alabama Aircraft Ind	Pair Corr

Related Correlations Analysis

	EVTL	EH	RKLB	LLAP	LILM	EVEX	DPRO	HEI	RDW	MNTS
EVTL		-0.52	-0.73	0.7	0.74	-0.42	0.17	-0.4	-0.65	0.44	EVTL
EH	-0.52		0.45	-0.3	-0.48	0.49	0.5	-0.01	0.55	-0.05	EH
RKLB	-0.73	0.45		-0.48	-0.76	0.34	-0.09	0.61	0.95	-0.19	RKLB
LLAP	0.7	-0.3	-0.48		0.33	-0.65	0.23	-0.53	-0.4	0.63	LLAP
LILM	0.74	-0.48	-0.76	0.33		-0.09	0.29	-0.12	-0.76	0.12	LILM
EVEX	-0.42	0.49	0.34	-0.65	-0.09		0.31	0.41	0.43	-0.35	EVEX
DPRO	0.17	0.5	-0.09	0.23	0.29	0.31		-0.14	0.04	0.25	DPRO
HEI	-0.4	-0.01	0.61	-0.53	-0.12	0.41	-0.14		0.53	-0.27	HEI
RDW	-0.65	0.55	0.95	-0.4	-0.76	0.43	0.04	0.53		-0.07	RDW
MNTS	0.44	-0.05	-0.19	0.63	0.12	-0.35	0.25	-0.27	-0.07		MNTS
	EVTL	EH	RKLB	LLAP	LILM	EVEX	DPRO	HEI	RDW	MNTS

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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

RDW	+ 0.95	RKLB
LILM	+ 0.74	EVTL
LLAP	+ 0.7	EVTL
MNTS	+ 0.63	LLAP
HEI	+ 0.61	RKLB
RDW	+ 0.55	EH

High negative correlations

RDW	- 0.76	LILM
LILM	- 0.76	RKLB
RKLB	- 0.73	EVTL
EVEX	- 0.65	LLAP
RDW	- 0.65	EVTL
HEI	- 0.53	LLAP

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
EVTL	5.43	(0.73)	0.00	(0.65)	0.00	0.00	12.47	(11.43)	35.67
EH	4.71	0.28	0.04	1.47	5.44	(5.32)	12.49	(7.07)	38.09
RKLB	4.25	1.66	0.50	0.70	2.57	(5.15)	12.54	(4.74)	36.25
LLAP	4.12	(1.37)	0.00	(1.44)	0.00	0.00	4.17	(8.57)	51.59
LILM	10.14	(0.90)	0.00	0.29	0.00	0.00	14.58	(31.43)	126.32
EVEX	2.47	0.26	0.11	0.24	2.66	(2.84)	7.20	(4.21)	15.48
DPRO	5.59	(0.40)	0.00	(0.26)	0.00	0.00	12.98	(11.40)	35.77
HEI	1.09	0.09	0.06	0.18	1.23	(1.14)	2.49	(2.16)	6.49
RDW	3.48	0.68	0.24	0.36	3.18	(4.31)	8.12	(6.07)	20.40
MNTS	9.95	0.89	0.16	0.21	8.94	(15.94)	12.96	(15.52)	192.95

Archer Aviation Corporate Management

Thomas Muniz	Chief Officer	Profile
Louise Bristow	Director Marketing	Profile
Eric Lentell	General Secretary	Profile
Eric Wright	Head Certification	Profile
Andrew Esq	Chief Secretary	Profile
Geoff Bower	Chief Engineer	Profile
Adam Goldstein	CEO CoFounder	Profile

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