Astronics Corp Correlations

ATROB Stock

USD 17.15 0.90 5.54%

The current 90-days correlation between Astronics Corp Cl and Tel Instrument Electronics Corp is 0.01 (i.e., Significant diversification). The correlation of Astronics 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.

Astronics Corp Correlation With Market

Significant diversification

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

The ability to find closely correlated positions to Astronics Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astronics Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astronics Corp Cl to buy it.

Moving together with Astronics Pink Sheet

0.61	RLLCF	Rolls Royce Holdings	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.68	BKRKY	Bank Rakyat	Pair Corr
0.61	BKRKF	PT Bank Rakyat	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr

Moving against Astronics Pink Sheet

0.66	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.65	TTWO	Take Two Interactive	Pair Corr
0.64	ITRI	Itron Inc	Pair Corr
0.64	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.5	SSNLF	Samsung Electronics	Pair Corr
0.37	SAFRY	Safran SA	Pair Corr
0.37	CSTXF	CryptoStar Corp	Pair Corr
0.75	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.74	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.74	GVA	Granite Construction	Pair Corr
0.73	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.73	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.72	LLYVK	Liberty Media	Pair Corr
0.71	ADSK	Autodesk	Pair Corr
0.69	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.67	ZM	Zoom Video Communications Earnings Call Tomorrow	Pair Corr
0.67	GM	General Motors Aggressive Push	Pair Corr
0.63	DECK	Deckers Outdoor	Pair Corr
0.63	DXYZ	Destiny Tech100	Pair Corr
0.62	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	FTGFF	AAIIQ	TIKK	RNWR	PKE	ISSC	KAMN	DCO	NPK	WWD
FTGFF		-0.61	0.64	0.0	0.85	0.91	0.81	0.05	0.25	0.3	FTGFF
AAIIQ	-0.61		-0.51	0.0	-0.6	-0.66	-0.51	-0.03	0.22	-0.11	AAIIQ
TIKK	0.64	-0.51		0.0	0.68	0.62	0.52	-0.04	0.21	0.11	TIKK
RNWR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RNWR
PKE	0.85	-0.6	0.68	0.0		0.88	0.67	0.34	0.48	0.5	PKE
ISSC	0.91	-0.66	0.62	0.0	0.88		0.71	0.15	0.31	0.3	ISSC
KAMN	0.81	-0.51	0.52	0.0	0.67	0.71		-0.03	0.09	0.36	KAMN
DCO	0.05	-0.03	-0.04	0.0	0.34	0.15	-0.03		0.53	0.73	DCO
NPK	0.25	0.22	0.21	0.0	0.48	0.31	0.09	0.53		0.51	NPK
WWD	0.3	-0.11	0.11	0.0	0.5	0.3	0.36	0.73	0.51		WWD
	FTGFF	AAIIQ	TIKK	RNWR	PKE	ISSC	KAMN	DCO	NPK	WWD

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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

ISSC	+ 0.91	FTGFF
ISSC	+ 0.88	PKE
PKE	+ 0.85	FTGFF
KAMN	+ 0.81	FTGFF
WWD	+ 0.73	DCO
KAMN	+ 0.71	ISSC

High negative correlations

ISSC	- 0.66	AAIIQ
AAIIQ	- 0.61	FTGFF
PKE	- 0.6	AAIIQ
KAMN	- 0.51	AAIIQ
TIKK	- 0.51	AAIIQ
WWD	- 0.11	AAIIQ

Risk-Adjusted Indicators

There is a big difference between Astronics Pink Sheet performing well and Astronics 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 Astronics 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
FTGFF	1.03	0.36	0.06	(3.23)	1.04	(3.43)	3.82	(0.58)	14.62
AAIIQ	3.21	(1.57)	0.00	2.60	0.00	0.00	0.00	0.00	99.50
TIKK	1.03	(0.08)	(0.01)	0.05	1.88	(3.86)	3.56	(2.27)	17.84
RNWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKE	1.31	0.01	0.09	0.13	0.95	(1.76)	3.51	(1.98)	12.34
ISSC	1.36	0.09	0.03	0.27	1.53	(1.50)	3.28	(3.31)	9.31
KAMN	1.85	0.24	0.00	(0.14)	2.21	(1.87)	5.37	(3.75)	14.48
DCO	1.28	(0.15)	(0.04)	0.03	1.53	(1.37)	2.90	(2.30)	8.32
NPK	1.16	(0.05)	(0.01)	0.08	1.37	(1.24)	2.43	(2.44)	8.03
WWD	1.13	0.02	0.02	0.14	1.34	(1.14)	2.52	(1.93)	6.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Astronics Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Astronics Corp Corporate Executives

Elected by the shareholders, the Astronics Corp's board of directors comprises two types of representatives: Astronics Corp 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 Corp's management team and ensure that shareholders' interests are well served. Astronics Corp's 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 Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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