Leonardo SpA Correlations
| FINMY Stock | USD 13.08 0.22 1.65% |
The current 90-days correlation between Leonardo SpA ADR and Moog Inc is 0.08 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Leonardo SpA Correlation With Market
Very weak diversification
The correlation between Leonardo SpA ADR and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leonardo SpA ADR 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 ADR to buy it.
Moving together with Leonardo Pink Sheet
| 0.71 | ITRI | Itron Inc | PairCorr |
| 0.69 | BKSY | Blacksky Technology Tech Boost | PairCorr |
| 0.71 | CRWD | Crowdstrike Holdings Earnings Call Tomorrow | PairCorr |
| 0.78 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.91 | TTWO | Take Two Interactive Sell-off Trend | PairCorr |
| 0.67 | NVDA | NVIDIA | PairCorr |
| 0.79 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | QUBT | Quantum Computing Trending | PairCorr |
| 0.8 | DECK | Deckers Outdoor | PairCorr |
| 0.76 | GVA | Granite Construction | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | KSCP | Knightscope | PairCorr |
| 0.62 | SNOW | Snowflake Trending | PairCorr |
| 0.68 | ADSK | Autodesk | PairCorr |
| 0.63 | LLYVK | Liberty Media | PairCorr |
Moving against Leonardo Pink Sheet
| 0.81 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.74 | BKRKY | Bank Rakyat | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
| 0.64 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.59 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | RLLCF | Rolls Royce Holdings | PairCorr |
| 0.51 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.49 | PBCRF | PT Bank Central | PairCorr |
| 0.44 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.4 | EC | Ecopetrol SA ADR | PairCorr |
| 0.58 | PHIL | PHI Group | PairCorr |
| 0.39 | AMIX | Autonomix Medical, Common | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOG-B | 0.98 | 0.24 | 0.03 | (1.89) | 1.19 | 4.69 | 16.09 | |||
| BAESF | 1.86 | (0.12) | 0.00 | (0.03) | 0.00 | 3.44 | 11.05 | |||
| PKE | 1.31 | 0.01 | 0.09 | 0.13 | 0.95 | 3.51 | 12.34 | |||
| TGI | 2.63 | 0.42 | 0.18 | 0.42 | 2.26 | 6.23 | 26.21 | |||
| EVEX | 2.47 | 0.27 | 0.12 | 0.27 | 2.69 | 7.20 | 15.48 | |||
| TXT | 1.20 | (0.24) | 0.00 | (0.04) | 0.00 | 1.86 | 9.25 | |||
| MRCY | 1.75 | (0.17) | 0.04 | 0.06 | 1.70 | 2.83 | 29.10 |
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?
Run Aroon Oscillator Now
Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |
| All Next | Launch Module |
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 |