Airbus Group Correlations

EADSF Stock

USD 161.09 4.02 2.43%

The current 90-days correlation between Airbus Group SE and Airbus Group NV is -0.05 (i.e., Good diversification). The correlation of Airbus Group 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.

Airbus Group Correlation With Market

Significant diversification

The correlation between Airbus Group SE and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airbus Group SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Airbus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airbus Group 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 Airbus Group - 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 Airbus Group SE to buy it.

Moving together with Airbus Pink Sheet

0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.9	EADSY	Airbus Group NV	Pair Corr
0.73	FSTF	First State Financial	Pair Corr
0.65	CLS	Celestica	Pair Corr
0.71	AVGO	Broadcom Aggressive Push	Pair Corr
0.68	WMT	Walmart	Pair Corr
0.73	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.78	GOOGL	Alphabet Class A	Pair Corr

Moving against Airbus Pink Sheet

0.73	LMT	Lockheed Martin Earnings Call This Week	Pair Corr
0.7	GD	General Dynamics Earnings Call This Week	Pair Corr
0.67	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.65	NOC	Northrop Grumman Earnings Call This Week	Pair Corr
0.55	SAFRY	Safran SA	Pair Corr
0.49	RLLCF	Rolls Royce Holdings	Pair Corr
0.37	TDG	Transdigm Group	Pair Corr
0.33	OVV	Ovintiv	Pair Corr

Related Correlations Analysis

	EADSY	PKE	RYCEF	TGI	SAFRY	ERJ	BAESY	AIR	MOG-A	VVX
EADSY		0.06	0.58	0.33	-0.49	0.07	-0.73	-0.11	-0.31	-0.59	EADSY
PKE	0.06		0.07	0.64	0.12	0.65	0.03	0.62	0.68	0.11	PKE
RYCEF	0.58	0.07		-0.21	-0.11	-0.36	-0.06	-0.33	-0.31	0.05	RYCEF
TGI	0.33	0.64	-0.21		-0.28	0.84	-0.57	0.64	0.48	-0.53	TGI
SAFRY	-0.49	0.12	-0.11	-0.28		0.03	0.72	0.39	0.53	0.65	SAFRY
ERJ	0.07	0.65	-0.36	0.84	0.03		-0.26	0.8	0.67	-0.3	ERJ
BAESY	-0.73	0.03	-0.06	-0.57	0.72	-0.26		0.04	0.35	0.93	BAESY
AIR	-0.11	0.62	-0.33	0.64	0.39	0.8	0.04		0.79	0.07	AIR
MOG-A	-0.31	0.68	-0.31	0.48	0.53	0.67	0.35	0.79		0.37	MOG-A
VVX	-0.59	0.11	0.05	-0.53	0.65	-0.3	0.93	0.07	0.37		VVX
	EADSY	PKE	RYCEF	TGI	SAFRY	ERJ	BAESY	AIR	MOG-A	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

VVX	+ 0.93	BAESY
ERJ	+ 0.84	TGI
AIR	+ 0.8	ERJ
MOG-A	+ 0.79	AIR
BAESY	+ 0.72	SAFRY
MOG-A	+ 0.68	PKE

High negative correlations

BAESY	- 0.73	EADSY
VVX	- 0.59	EADSY
BAESY	- 0.57	TGI
VVX	- 0.53	TGI
SAFRY	- 0.49	EADSY
ERJ	- 0.36	RYCEF

Risk-Adjusted Indicators

There is a big difference between Airbus Pink Sheet performing well and Airbus Group 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 Airbus Group'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
EADSY	1.19	0.18	0.11	(1.90)	1.19	(1.33)	2.97	(2.03)	7.66
PKE	1.56	0.16	0.09	0.27	1.54	(1.96)	3.22	(2.98)	13.87
RYCEF	1.36	0.02	0.00	0.11	1.74	(1.58)	2.74	(2.98)	8.02
TGI	1.90	0.40	0.17	0.79	1.96	(2.14)	3.32	(2.79)	21.84
SAFRY	0.94	0.03	0.01	0.16	1.61	(0.88)	2.22	(2.38)	10.24
ERJ	1.81	0.28	0.13	4.22	1.75	(2.07)	4.31	(3.27)	11.92
BAESY	1.21	(0.18)	0.00	(0.38)	0.00	0.00	2.33	(2.67)	8.32
AIR	1.56	0.21	0.10	0.63	1.76	(1.68)	2.75	(3.07)	15.31
MOG-A	1.26	0.07	0.03	0.15	1.74	(1.18)	1.95	(2.37)	18.09
VVX	1.81	(0.29)	0.00	(0.72)	0.00	0.00	3.64	(5.48)	20.17

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Our tools can tell you how much better you can do entering a position in Airbus Group 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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Airbus Group Corporate Management

Thierry Baril	Chief Human Resources Officer of EADS and Airbus, Member of the Executive Committee	Profile
Sabine Klauke	Chief Officer	Profile
Alberto Gutierrez	Chief Officer	Profile
Helene Gorgeu	Head Communication	Profile
Julie Kitcher	Head of Investor Relations	Profile
Catherine Jestin	Chief Management	Profile
John Harrison	Group General Counsel Airbus Group, Member of the Executive Committee	Profile

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