AerSale Corp Correlations

ASLE Stock

USD 6.57 0.17 2.66%

The current 90-days correlation between AerSale Corp and Auckland International Airport is -0.11 (i.e., Good diversification). The correlation of AerSale Corp 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.

AerSale Corp Correlation With Market

Very weak diversification

The correlation between AerSale Corp and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AerSale Corp 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 AerSale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade AerSale Stock refer to our How to Trade AerSale Stock guide.

Moving together with AerSale Stock

0.74	G	Genpact Limited	Pair Corr
0.73	R	Ryder System	Pair Corr
0.84	AL	Air Lease	Pair Corr
0.82	AZ	A2Z Smart Technologies	Pair Corr
0.76	BE	Bloom Energy Corp	Pair Corr
0.66	BR	Broadridge Financial	Pair Corr
0.79	CR	Crane Company	Pair Corr
0.61	CW	Curtiss Wright	Pair Corr
0.72	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.79	LZ	LegalZoom	Pair Corr
0.66	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr

Moving against AerSale Stock

0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	ASR	Grupo Aeroportuario del	Pair Corr
0.38	SOAR	Volato Group Symbol Change	Pair Corr
0.71	MG	Mistras Group	Pair Corr
0.69	CP	Canadian Pacific Railway	Pair Corr
0.62	HY	Hyster Yale Materials	Pair Corr
0.59	FA	First Advantage Corp	Pair Corr
0.53	GP	GreenPower Motor	Pair Corr
0.53	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	OMAB	PAC	CAAP	ARRPY	JTTRY	ANNSF	AIPUY	ANYYY	AUKNY	AEOXF
OMAB		0.57	0.4	0.08	-0.31	0.64	0.32	0.67	-0.1	0.37	OMAB
PAC	0.57		0.52	-0.22	0.16	0.24	0.06	0.24	-0.54	-0.2	PAC
CAAP	0.4	0.52		-0.74	0.54	0.68	0.27	0.65	-0.6	-0.54	CAAP
ARRPY	0.08	-0.22	-0.74		-0.56	-0.39	-0.01	-0.34	0.58	0.74	ARRPY
JTTRY	-0.31	0.16	0.54	-0.56		0.04	0.09	0.0	-0.39	-0.79	JTTRY
ANNSF	0.64	0.24	0.68	-0.39	0.04		0.4	0.98	-0.21	0.05	ANNSF
AIPUY	0.32	0.06	0.27	-0.01	0.09	0.4		0.42	0.02	0.11	AIPUY
ANYYY	0.67	0.24	0.65	-0.34	0.0	0.98	0.42		-0.18	0.09	ANYYY
AUKNY	-0.1	-0.54	-0.6	0.58	-0.39	-0.21	0.02	-0.18		0.5	AUKNY
AEOXF	0.37	-0.2	-0.54	0.74	-0.79	0.05	0.11	0.09	0.5		AEOXF
	OMAB	PAC	CAAP	ARRPY	JTTRY	ANNSF	AIPUY	ANYYY	AUKNY	AEOXF

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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

ANYYY	+ 0.98	ANNSF
AEOXF	+ 0.74	ARRPY
ANNSF	+ 0.68	CAAP
ANYYY	+ 0.67	OMAB
ANYYY	+ 0.65	CAAP
ANNSF	+ 0.64	OMAB

High negative correlations

AEOXF	- 0.79	JTTRY
ARRPY	- 0.74	CAAP
AUKNY	- 0.6	CAAP
JTTRY	- 0.56	ARRPY
AEOXF	- 0.54	CAAP
AUKNY	- 0.54	PAC

Risk-Adjusted Indicators

There is a big difference between AerSale Stock performing well and AerSale Corp 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 AerSale Corp'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
OMAB	1.60	0.05	0.02	0.18	1.94	(1.58)	3.74	(3.65)	9.15
PAC	1.61	0.19	0.08	0.46	1.78	(1.84)	4.44	(2.86)	13.22
CAAP	1.82	0.29	0.10	0.74	1.88	(2.10)	4.29	(2.95)	14.36
ARRPY	0.22	(0.07)	0.00	(0.24)	0.00	0.00	0.00	0.00	8.34
JTTRY	0.28	0.04	0.00	1.04	0.00	0.00	1.12	0.00	6.18
ANNSF	0.68	0.06	(0.04)	0.47	0.64	(1.06)	1.74	(1.54)	5.37
AIPUY	2.93	0.16	0.00	(0.44)	4.14	(4.74)	7.43	(7.81)	32.17
ANYYY	1.03	0.08	(0.02)	0.99	1.34	(1.01)	1.71	(2.06)	5.82
AUKNY	1.18	(0.01)	(0.04)	0.01	1.72	(2.62)	2.52	(3.65)	12.48
AEOXF	0.85	(0.15)	0.00	(1.39)	0.00	0.00	1.60	(5.21)	17.01

AerSale Corp Corporate Management

Robert Nichols	Ex Solutions	Profile
Vanessa RussiMachado	Senior Resources	Profile
Frederick Wright	Division Management	Profile
Martin Garmendia	Treasurer CFO	Profile
Nicolas Finazzo	CEO Chairman	Profile
Enrique Pizzi	Chief Officer	Profile
Christine Padron	Vice Compliance	Profile

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