Astronics Correlations

ATRO Stock

USD 55.41 0.14 0.25%

The current 90-days correlation between Astronics and Sturm Ruger is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Astronics Correlation With Market

Weak diversification

The correlation between Astronics and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Astronics Stock

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

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

Moving together with Astronics Stock

0.75	688239	Guizhou Aviation Tec	Pair Corr
0.82	688586	Hefei Jianghang Aircraft	Pair Corr
0.67	CVU	CPI Aerostructures	Pair Corr
0.8	HII	Huntington Ingalls	Pair Corr
0.83	HXL	Hexcel	Pair Corr

Moving against Astronics Stock

0.74	EH	Ehang Holdings	Pair Corr
0.72	688685	Jiangsu Maixinlin	Pair Corr
0.59	HCL	Highcom	Pair Corr
0.57	VTSI	VirTra Inc	Pair Corr
0.5	688297	AVIC UAS	Pair Corr
0.48	600038	Avicopter PLC	Pair Corr
0.35	VOYG	Voyager Technologies,	Pair Corr
0.67	DRS	Leonardo DRS, Common	Pair Corr
0.59	PSN	Parsons Corp	Pair Corr
0.59	SPR	Spirit Aerosystems	Pair Corr
0.57	FLY	Firefly Aerospace Common	Pair Corr
0.51	MDA	MDA	Pair Corr
0.46	NPK	National Presto Indu	Pair Corr
0.45	300324	Beijing Watertek Inf	Pair Corr
0.45	NOC	Northrop Grumman	Pair Corr
0.43	RDW	Redwire Corp	Pair Corr
0.43	SIF	SIFCO Industries	Pair Corr
0.39	LMT	Lockheed Martin	Pair Corr
0.31	LHX	L3Harris Technologies	Pair Corr

Related Correlations Analysis

	EADSY	HEI-A	PEW	PRZO	RGR	THLLY
EADSY		0.16	0.5	0.15	0.39	0.33	EADSY
HEI-A	0.16		0.2	0.02	0.12	0.32	HEI-A
PEW	0.5	0.2		0.78	0.85	0.84	PEW
PRZO	0.15	0.02	0.78		0.74	0.74	PRZO
RGR	0.39	0.12	0.85	0.74		0.85	RGR
THLLY	0.33	0.32	0.84	0.74	0.85		THLLY
	EADSY	HEI-A	PEW	PRZO	RGR	THLLY

Risk-Adjusted Indicators

There is a big difference between Astronics Stock performing well and Astronics 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 Astronics' 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
EADSY	0.91	(0.05)	(0.05)	0.01	1.16	(0.93)	1.55	(1.97)	7.10
HEI-A	1.10	(0.02)	(0.01)	0.05	1.17	(1.28)	2.51	(2.14)	5.44
PEW	2.30	(0.98)	0.00	(0.50)	0.00	0.00	4.13	(6.73)	15.00
PRZO	4.08	(0.78)	0.00	(0.44)	0.00	0.00	8.48	(8.06)	20.04
RGR	2.03	(0.46)	0.00	(0.22)	0.00	0.00	3.07	(3.50)	24.96
THLLY	1.28	(0.14)	0.00	(2.90)	0.00	0.00	2.33	(3.17)	7.06

Astronics Corporate Executives

Elected by the shareholders, the Astronics' board of directors comprises two types of representatives: Astronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Astronics. The board's role is to monitor Astronics' management team and ensure that shareholders' interests are well served. Astronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Astronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

David Burney

CFO, Executive VP and Secretary

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC