AerSale Corp Correlations

ASLE Stock

USD 7.39 0.02 0.27%

The current 90-days correlation between AerSale Corp and flyExclusive is 0.21 (i.e., Modest 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 poor diversification

The correlation between AerSale Corp and DJI is 0.86 (i.e., Very poor 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.

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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 board of governors.

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

Moving together with AerSale Stock

0.9	BA	Boeing	Pair Corr
0.74	CW	Curtiss Wright Earnings Call Today	Pair Corr
0.65	GD	General Dynamics	Pair Corr
0.88	VOYG	Voyager Technologies	Pair Corr
0.87	ESLT	Elbit Systems	Pair Corr
0.92	CAE	CAE Inc Earnings Call Tomorrow	Pair Corr
0.76	AIR	AAR Corp	Pair Corr
0.92	CAE	CAE Inc Earnings Call Tomorrow	Pair Corr
0.89	CVU	CPI Aerostructures	Pair Corr
0.78	DCO	Ducommun Incorporated	Pair Corr
0.75	DRS	Leonardo DRS Common	Pair Corr
0.82	FLY	Firefly Aerospace Common	Pair Corr
0.73	HEI	Heico	Pair Corr
0.84	HII	Huntington Ingalls	Pair Corr
0.66	HWM	Howmet Aerospace Earnings Call Today	Pair Corr
0.81	HXL	Hexcel	Pair Corr
0.77	LHX	L3Harris Technologies	Pair Corr
0.77	LMT	Lockheed Martin	Pair Corr
0.79	MDA	MDA	Pair Corr
0.73	NOC	Northrop Grumman	Pair Corr
0.84	NPK	National Presto Indu	Pair Corr
0.88	PKE	Park Electrochemical	Pair Corr
0.87	RDW	Redwire Corp	Pair Corr
0.83	RTX	Raytheon Technologies	Pair Corr
0.86	TXT	Textron	Pair Corr
0.77	VVX	V2X Inc	Pair Corr
0.9	BA	BOEING CDR	Pair Corr
0.83	FII	Lisi SA	Pair Corr
0.88	BCO	Boeing	Pair Corr

Moving against AerSale Stock

0.45	EH	Ehang Holdings	Pair Corr
0.64	PSN	Parsons Corp Earnings Call Today	Pair Corr
0.31	SIF	SIFCO Industries	Pair Corr
0.58	MLHK	HK AG	Pair Corr
0.54	FGA	Figeac Aero SA	Pair Corr

Related Correlations Analysis

	FLYX	HSHP	BBCP	EVI	SPIR	MEC	PKE	AIRJ	SBC	MTW
FLYX		-0.17	0.52	0.21	0.0	0.05	0.05	0.3	0.14	0.05	FLYX
HSHP	-0.17		-0.1	0.11	0.61	0.73	0.7	-0.63	0.72	0.74	HSHP
BBCP	0.52	-0.1		0.11	-0.28	0.29	-0.01	0.15	0.41	0.3	BBCP
EVI	0.21	0.11	0.11		0.49	0.48	0.58	0.49	0.46	0.4	EVI
SPIR	0.0	0.61	-0.28	0.49		0.52	0.83	-0.25	0.53	0.65	SPIR
MEC	0.05	0.73	0.29	0.48	0.52		0.76	-0.24	0.87	0.88	MEC
PKE	0.05	0.7	-0.01	0.58	0.83	0.76		-0.19	0.83	0.85	PKE
AIRJ	0.3	-0.63	0.15	0.49	-0.25	-0.24	-0.19		-0.27	-0.34	AIRJ
SBC	0.14	0.72	0.41	0.46	0.53	0.87	0.83	-0.27		0.9	SBC
MTW	0.05	0.74	0.3	0.4	0.65	0.88	0.85	-0.34	0.9		MTW
	FLYX	HSHP	BBCP	EVI	SPIR	MEC	PKE	AIRJ	SBC	MTW

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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

MTW	+ 0.9	SBC
MTW	+ 0.88	MEC
SBC	+ 0.87	MEC
MTW	+ 0.85	PKE
PKE	+ 0.83	SPIR
SBC	+ 0.83	PKE

High negative correlations

AIRJ	- 0.63	HSHP
MTW	- 0.34	AIRJ
SPIR	- 0.28	BBCP
SBC	- 0.27	AIRJ
AIRJ	- 0.25	SPIR
AIRJ	- 0.24	MEC

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
FLYX	8.07	0.13	0.06	0.10	8.21	(11.29)	13.86	(11.97)	161.87
HSHP	1.71	0.68	0.27	(8.67)	1.59	(2.04)	4.73	(2.77)	12.50
BBCP	1.82	(0.07)	(0.02)	0.03	2.64	(1.99)	4.50	(4.01)	15.27
EVI	2.80	(0.35)	0.00	(0.26)	0.00	0.00	4.74	(6.31)	16.72
SPIR	4.38	0.17	0.04	0.16	5.91	(4.74)	8.45	(7.03)	31.88
MEC	2.26	0.34	0.17	0.35	1.89	(3.03)	5.19	(3.26)	11.91
PKE	1.76	0.28	0.17	0.33	1.46	(2.12)	4.71	(2.80)	13.02
AIRJ	4.17	(0.73)	0.00	(0.13)	0.00	0.00	13.28	(8.01)	31.81
SBC	2.51	0.51	0.21	0.37	2.32	(3.21)	7.42	(3.77)	17.06
MTW	2.10	0.49	0.27	0.42	1.72	(2.77)	5.31	(2.88)	14.96

AerSale Corp Corporate Management

James Fry	General VP	Profile
Vanessa RussiMachado	Senior Resources	Profile
Nicolas Finazzo	CEO Chairman	Profile
Iso Nezaj	Chief Officer	Profile
Ronald Wolf	Senior Assurance	Profile
Charles McDonald	CTO Services	Profile
Robert Nichols	Ex Solutions	Profile

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