Leonardo Spa Correlations
| FINMF Stock | USD 27.54 0.85 3.18% |
The current 90-days correlation between Leonardo Spa and Woodward is 0.28 (i.e., Modest diversification). The correlation of Leonardo Spa 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.
Leonardo Spa Correlation With Market
Weak diversification
The correlation between Leonardo Spa and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leonardo Spa and DJI in the same portfolio, assuming nothing else is changed.
Leonardo |
The ability to find closely correlated positions to Leonardo Spa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leonardo Spa 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 Leonardo Spa - 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 Leonardo Spa to buy it.
Moving together with Leonardo Pink Sheet
| 0.66 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.83 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Leonardo Pink Sheet
| 0.63 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.62 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | RLLCF | Rolls Royce Holdings | PairCorr |
| 0.35 | TDG | Transdigm Group | PairCorr |
| 0.34 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.51 | SGD | Safe and Green | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Leonardo Pink Sheet performing well and Leonardo Spa 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 Leonardo Spa'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 | 0.93 | 0.26 | 0.03 | (1.66) | 1.14 | 3.80 | 14.15 | |||
| RNWR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PKE | 1.30 | (0.02) | 0.05 | 0.10 | 1.07 | 2.61 | 12.34 | |||
| ISSC | 1.33 | 0.10 | 0.03 | 0.28 | 1.52 | 3.28 | 9.31 | |||
| DCO | 1.31 | (0.16) | (0.05) | 0.02 | 1.55 | 2.90 | 8.32 | |||
| NPK | 1.16 | (0.08) | (0.03) | 0.05 | 1.39 | 2.43 | 8.03 | |||
| WWD | 1.23 | (0.02) | 0.00 | 0.10 | 1.59 | 2.58 | 6.12 | |||
| ATRO | 2.34 | (0.62) | 0.00 | (0.16) | 0.00 | 3.60 | 22.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Leonardo Spa 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.Did you try this?
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Leonardo Spa Corporate Management
| Antonio Liotti | Chief Officer | Profile | |
| Franco Ongaro | Chief Officer | Profile | |
| Andrea Parrella | Group General Counsel (Legal, Corporate Affairs and Compliance) | Profile | |
| Lucio Cioffi | Head of Aircraft Division | Profile | |
| Stefano Amoroso | Communication Director | Profile |