Curtiss Wright Correlations

CW Stock

USD 346.84 8.41 2.49%

The current 90-days correlation between Curtiss Wright and AAR Corp is 0.51 (i.e., Very weak diversification). The correlation of Curtiss Wright 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.

Curtiss Wright Correlation With Market

Modest diversification

The correlation between Curtiss Wright and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curtiss Wright 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 Curtiss Wright. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.

Moving together with Curtiss Stock

0.71

DRS

Leonardo DRS, Common

Pair Corr

Moving against Curtiss Stock

0.33

BA-PA

Boeing

Pair Corr

Related Correlations Analysis

	MRCY	AIR	DCO	MOG-A	PKE	ISSC	KAMN	VSEC	HXL	VVX
MRCY		0.57	0.67	0.38	0.47	0.52	0.6	-0.04	0.47	-0.41	MRCY
AIR	0.57		0.86	0.56	0.65	0.47	0.21	0.43	0.51	0.09	AIR
DCO	0.67	0.86		0.5	0.62	0.53	0.29	0.37	0.48	0.1	DCO
MOG-A	0.38	0.56	0.5		0.51	-0.28	-0.29	0.75	-0.17	0.5	MOG-A
PKE	0.47	0.65	0.62	0.51		0.25	0.05	0.57	0.32	0.15	PKE
ISSC	0.52	0.47	0.53	-0.28	0.25		0.74	-0.35	0.79	-0.52	ISSC
KAMN	0.6	0.21	0.29	-0.29	0.05	0.74		-0.6	0.64	-0.71	KAMN
VSEC	-0.04	0.43	0.37	0.75	0.57	-0.35	-0.6		-0.3	0.79	VSEC
HXL	0.47	0.51	0.48	-0.17	0.32	0.79	0.64	-0.3		-0.45	HXL
VVX	-0.41	0.09	0.1	0.5	0.15	-0.52	-0.71	0.79	-0.45		VVX
	MRCY	AIR	DCO	MOG-A	PKE	ISSC	KAMN	VSEC	HXL	VVX

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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

DCO	+ 0.86	AIR
HXL	+ 0.79	ISSC
VVX	+ 0.79	VSEC
VSEC	+ 0.75	MOG-A
KAMN	+ 0.74	ISSC
DCO	+ 0.67	MRCY

High negative correlations

VVX	- 0.71	KAMN
VSEC	- 0.6	KAMN
VVX	- 0.52	ISSC
VVX	- 0.45	HXL
VVX	- 0.41	MRCY
VSEC	- 0.35	ISSC

Risk-Adjusted Indicators

There is a big difference between Curtiss Stock performing well and Curtiss Wright 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 Curtiss Wright'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
MRCY	1.91	0.24	0.09	0.40	1.97	(2.19)	3.16	(3.76)	29.10
AIR	1.56	0.15	0.05	0.58	1.80	(1.68)	2.85	(3.07)	15.31
DCO	1.51	0.13	0.04	0.33	1.98	(1.63)	3.18	(4.41)	12.14
MOG-A	1.51	(0.06)	0.00	(0.04)	0.00	0.00	2.37	(3.15)	22.04
PKE	1.55	0.02	0.00	0.10	1.72	(1.84)	3.03	(3.01)	12.76
ISSC	1.73	0.65	0.34	1.38	1.07	(2.09)	5.05	(2.29)	15.24
KAMN	1.85	0.12	0.02	1.25	2.21	(1.87)	5.37	(3.75)	14.48
VSEC	1.78	0.02	(0.01)	0.12	2.42	(1.79)	3.31	(4.03)	16.21
HXL	1.29	0.03	0.00	0.11	1.63	(1.34)	2.81	(3.13)	8.49
VVX	1.87	(0.29)	0.00	(0.46)	0.00	0.00	3.85	(5.48)	20.17

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