ERJ Old Correlations

ERJDelisted Stock

USD 65.43 0.53 0.82%

The current 90-days correlation between ERJ Old and Huntington Ingalls Industries is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ERJ Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERJ Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ERJ Old Correlation With Market

Weak diversification

The correlation between ERJ Old and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ERJ Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with ERJ Stock

0.67	PFE	Pfizer Inc Earnings Call Today	Pair Corr
0.75	MRK	Merck Company Earnings Call Today	Pair Corr

Moving against ERJ Stock

0.64

HPQ

HP Inc Aggressive Push

Pair Corr

Related Correlations Analysis

	HII	DRS	TXT	BLD	KRMN	STRL	CAE	AYI	CR	STN
HII		0.86	0.86	0.84	0.9	0.02	0.92	-0.8	0.62	-0.13	HII
DRS	0.86		0.62	0.82	0.95	0.35	0.79	-0.81	0.68	0.27	DRS
TXT	0.86	0.62		0.72	0.67	-0.32	0.88	-0.55	0.71	-0.41	TXT
BLD	0.84	0.82	0.72		0.77	0.1	0.7	-0.73	0.63	-0.13	BLD
KRMN	0.9	0.95	0.67	0.77		0.31	0.87	-0.78	0.66	0.23	KRMN
STRL	0.02	0.35	-0.32	0.1	0.31		-0.08	-0.17	0.09	0.8	STRL
CAE	0.92	0.79	0.88	0.7	0.87	-0.08		-0.63	0.66	-0.12	CAE
AYI	-0.8	-0.81	-0.55	-0.73	-0.78	-0.17	-0.63		-0.44	-0.08	AYI
CR	0.62	0.68	0.71	0.63	0.66	0.09	0.66	-0.44		0.12	CR
STN	-0.13	0.27	-0.41	-0.13	0.23	0.8	-0.12	-0.08	0.12		STN
	HII	DRS	TXT	BLD	KRMN	STRL	CAE	AYI	CR	STN

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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

KRMN	+ 0.95	DRS
CAE	+ 0.92	HII
KRMN	+ 0.9	HII
CAE	+ 0.88	TXT
CAE	+ 0.87	KRMN
DRS	+ 0.86	HII

High negative correlations

AYI	- 0.81	DRS
AYI	- 0.8	HII
AYI	- 0.78	KRMN
AYI	- 0.73	BLD
AYI	- 0.63	CAE
AYI	- 0.55	TXT

Risk-Adjusted Indicators

There is a big difference between ERJ Stock performing well and ERJ Old 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 ERJ Old'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
HII	1.61	0.48	0.29	0.47	1.25	(1.84)	4.34	(2.56)	10.50
DRS	1.44	(0.03)	(0.01)	0.02	1.77	(1.67)	3.77	(2.72)	9.17
TXT	1.04	0.10	0.05	0.14	1.54	(1.09)	2.26	(1.64)	11.43
BLD	1.78	0.00	0.02	0.05	1.85	(2.04)	4.50	(3.27)	10.98
KRMN	3.14	0.36	0.09	0.47	3.74	(3.27)	7.64	(5.87)	14.76
STRL	2.93	(0.07)	0.00	0.01	4.56	(2.80)	6.18	(6.91)	21.66
CAE	1.37	0.17	0.07	2.10	1.52	(1.40)	3.17	(2.27)	9.61
AYI	1.35	(0.23)	0.00	(0.22)	0.00	0.00	2.46	(2.66)	16.54
CR	1.34	(0.11)	0.00	(0.02)	0.00	0.00	2.28	(2.32)	15.15
STN	1.11	(0.18)	0.00	3.97	0.00	0.00	1.96	(2.27)	8.69

Delisting Warning - ERJ

ERJ Old was delisted

The entity ERJ Old with a symbol ERJ was delisted from NASDAQ Exchange. Please try Embraer SA with a symbol EMBJ from now on. Check all delisted instruments accross multiple markets.

Still Interested in ERJ Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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