Curtiss Wright Correlations

CW Stock

USD 368.11 6.66 1.84%

The current 90-days correlation between Curtiss Wright and AAR Corp is 0.61 (i.e., Poor 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

Poor diversification

The correlation between Curtiss Wright and DJI is 0.64 (i.e., Poor 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

0.73	EH	Ehang Holdings	Pair Corr
0.83	VSEC	VSE Corporation	Pair Corr
0.79	ESLT	Elbit Systems	Pair Corr
0.65	CVU	CPI Aerostructures	Pair Corr
0.8	DRS	Leonardo DRS, Common	Pair Corr
0.9	HWM	Howmet Aerospace	Pair Corr
0.95	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.78	PKE	Park Electrochemical	Pair Corr
0.84	RDW	Redwire Corp Downward Rally	Pair Corr
0.64	TDG	Transdigm Group	Pair Corr
0.67	TGI	Triumph Group	Pair Corr
0.9	VVX	V2X Inc	Pair Corr
0.62	WWD	Woodward	Pair Corr

Moving against Curtiss Stock

0.78	EVTL	Vertical Aerospace	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.78	SPR	Spirit Aerosystems	Pair Corr
0.7	HII	Huntington Ingalls	Pair Corr
0.61	SIF	SIFCO Industries	Pair Corr
0.57	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.4	RGR	Sturm Ruger	Pair Corr
0.76	HOVR	New Horizon Aircraft Symbol Change	Pair Corr
0.75	KITTW	Nauticus Robotics	Pair Corr
0.71	AAIIQ	Alabama Aircraft Ind	Pair Corr
0.69	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	MRCY	AIR	DCO	MOG-A	PKE	ISSC	KAMN	VSEC	HXL	VVX
MRCY		0.62	0.8	0.72	0.33	0.25	0.08	0.36	0.02	0.09	MRCY
AIR	0.62		0.66	0.41	-0.02	-0.24	-0.21	-0.05	0.01	-0.37	AIR
DCO	0.8	0.66		0.71	0.31	0.13	-0.04	0.28	0.18	0.16	DCO
MOG-A	0.72	0.41	0.71		0.61	0.46	0.51	0.69	-0.17	0.55	MOG-A
PKE	0.33	-0.02	0.31	0.61		0.86	0.71	0.93	0.13	0.67	PKE
ISSC	0.25	-0.24	0.13	0.46	0.86		0.71	0.89	0.0	0.65	ISSC
KAMN	0.08	-0.21	-0.04	0.51	0.71	0.71		0.81	-0.22	0.61	KAMN
VSEC	0.36	-0.05	0.28	0.69	0.93	0.89	0.81		-0.02	0.71	VSEC
HXL	0.02	0.01	0.18	-0.17	0.13	0.0	-0.22	-0.02		0.08	HXL
VVX	0.09	-0.37	0.16	0.55	0.67	0.65	0.61	0.71	0.08		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

VSEC	+ 0.93	PKE
VSEC	+ 0.89	ISSC
ISSC	+ 0.86	PKE
VSEC	+ 0.81	KAMN
DCO	+ 0.8	MRCY
MOG-A	+ 0.72	MRCY

High negative correlations

VVX	- 0.37	AIR
ISSC	- 0.24	AIR
HXL	- 0.22	KAMN
KAMN	- 0.21	AIR
HXL	- 0.17	MOG-A
VSEC	- 0.05	AIR

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	1.72	(0.22)	(0.02)	0.02	1.83	(2.24)	2.83	(3.43)	29.10
AIR	1.45	(0.03)	0.02	0.07	1.94	(1.58)	2.64	(3.52)	14.62
DCO	1.28	(0.12)	(0.04)	0.02	1.56	(1.40)	2.90	(2.30)	8.32
MOG-A	1.38	0.04	0.10	0.10	1.43	(1.54)	2.73	(2.44)	14.77
PKE	1.28	0.04	0.09	0.11	1.00	(1.76)	3.51	(1.98)	12.34
ISSC	1.29	0.12	0.06	0.26	1.44	(1.44)	3.28	(3.31)	9.31
KAMN	1.85	0.14	0.02	(0.81)	2.21	(1.87)	5.37	(3.75)	14.48
VSEC	1.85	0.26	0.15	0.19	2.10	(2.01)	2.95	(3.45)	21.00
HXL	1.12	(0.21)	0.00	(0.07)	0.00	0.00	2.00	(2.66)	6.48
VVX	2.10	0.26	0.12	0.20	2.81	(2.25)	5.93	(3.74)	23.80

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