Innovative Solutions Correlations

ISSC Stock

USD 19.83 0.94 4.53%

The current 90-days correlation between Innovative Solutions and and Blink Charging Co is 0.23 (i.e., Modest diversification). The correlation of Innovative Solutions 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.

Innovative Solutions Correlation With Market

Very poor diversification

The correlation between Innovative Solutions and and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovative Solutions and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovative Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Solutions and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Innovative Stock

0.93	BA	Boeing	Pair Corr
0.78	CW	Curtiss Wright	Pair Corr
0.7	GD	General Dynamics	Pair Corr
0.8	MO7R	MOOG INC CL	Pair Corr
0.75	HXL	Hexcel	Pair Corr
0.85	VOYG	Voyager Technologies	Pair Corr
0.92	CE9	CAE Inc	Pair Corr
0.82	SNR	Senior PLC	Pair Corr
0.77	ST2	Sturm Ruger Earnings Call This Week	Pair Corr
0.88	HI4	Huntington Ingalls	Pair Corr
0.74	BSP	BAE Systems plc Earnings Call This Week	Pair Corr
0.93	ESLT	Elbit Systems	Pair Corr
0.71	EMY	Embraer SA	Pair Corr
0.94	CAE	CAE Inc	Pair Corr
0.87	RRU1	ROLLS ROYCE HADR	Pair Corr
0.84	MO7A	Moog Inc	Pair Corr
0.69	CWT	Curtiss Wright	Pair Corr
0.87	TXT	Textron	Pair Corr
0.78	AIR	AAR Corp	Pair Corr
0.76	BSP	BAE Systems plc Earnings Call This Week	Pair Corr
0.95	CAE	CAE Inc	Pair Corr
0.63	2VZ	LEONARDO DRS INC Earnings Call Next Week	Pair Corr
0.94	CVU	CPI Aerostructures	Pair Corr
0.81	DCO	Ducommun Incorporated Earnings Call This Week	Pair Corr
0.77	DRS	Leonardo DRS Common Earnings Call This Week	Pair Corr
0.8	FLY	Firefly Aerospace Common	Pair Corr
0.8	HEI	Heico	Pair Corr
0.85	BBD	BOMBARDIER INC CL	Pair Corr
0.89	HII	Huntington Ingalls	Pair Corr
0.74	HWM	Howmet Aerospace	Pair Corr

Moving against Innovative Stock

0.49	EH	Ehang Holdings	Pair Corr
0.34	HCL	Highcom	Pair Corr
0.59	PSN	Parsons Corp	Pair Corr

Related Correlations Analysis

	BLNK	RCMT	POWW	VWAV	HOVR	SCAG	OPXS	SHIP	PEW	ROMA
BLNK		-0.24	0.11	0.29	-0.17	-0.52	-0.11	-0.28	0.85	0.47	BLNK
RCMT	-0.24		0.08	0.07	0.2	0.61	0.15	-0.3	-0.04	-0.01	RCMT
POWW	0.11	0.08		-0.16	-0.11	0.06	-0.1	0.02	0.22	-0.14	POWW
VWAV	0.29	0.07	-0.16		0.53	0.35	0.34	-0.45	0.53	-0.09	VWAV
HOVR	-0.17	0.2	-0.11	0.53		0.64	0.65	0.05	0.07	-0.02	HOVR
SCAG	-0.52	0.61	0.06	0.35	0.64		0.32	-0.17	-0.19	-0.33	SCAG
OPXS	-0.11	0.15	-0.1	0.34	0.65	0.32		0.27	0.03	0.19	OPXS
SHIP	-0.28	-0.3	0.02	-0.45	0.05	-0.17	0.27		-0.5	0.15	SHIP
PEW	0.85	-0.04	0.22	0.53	0.07	-0.19	0.03	-0.5		0.29	PEW
ROMA	0.47	-0.01	-0.14	-0.09	-0.02	-0.33	0.19	0.15	0.29		ROMA
	BLNK	RCMT	POWW	VWAV	HOVR	SCAG	OPXS	SHIP	PEW	ROMA

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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

PEW	+ 0.85	BLNK
OPXS	+ 0.65	HOVR
SCAG	+ 0.64	HOVR
SCAG	+ 0.61	RCMT
HOVR	+ 0.53	VWAV
PEW	+ 0.53	VWAV

High negative correlations

SCAG	- 0.52	BLNK
PEW	- 0.5	SHIP
SHIP	- 0.45	VWAV
ROMA	- 0.33	SCAG
SHIP	- 0.3	RCMT
SHIP	- 0.28	BLNK

Risk-Adjusted Indicators

There is a big difference between Innovative Stock performing well and Innovative Solutions 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 Innovative Solutions' 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
BLNK	4.27	(1.26)	0.00	(0.51)	0.00	0.00	9.38	(8.33)	30.46
RCMT	1.65	(0.17)	0.00	(0.12)	0.00	0.00	4.02	(3.53)	14.26
POWW	2.41	0.09	0.04	0.13	2.78	(2.83)	6.17	(4.71)	14.96
VWAV	4.86	(0.41)	0.00	(0.27)	0.00	0.00	12.84	(9.56)	29.96
HOVR	5.78	(0.18)	0.00	0.01	6.79	(6.85)	11.84	(9.09)	29.09
SCAG	5.46	(0.02)	0.00	0.04	6.27	(6.98)	13.47	(11.15)	36.10
OPXS	2.77	(0.12)	0.00	(0.05)	0.00	0.00	5.44	(5.94)	19.02
SHIP	1.66	0.44	0.20	4.29	1.54	(1.97)	4.52	(2.74)	9.88
PEW	2.25	(0.65)	0.00	(0.66)	0.00	0.00	4.61	(5.35)	29.97
ROMA	8.04	0.20	0.04	0.11	9.68	(11.06)	29.11	(12.73)	105.24

Innovative Solutions Corporate Management

Larry Riddle	VP Marketing	Profile
Mike Bingham	Vice Operations	Profile
Jeffrey DiGiovanni	Chief Officer	Profile
Relland Winand	Chief Officer	Profile
Michael Linacre	Chief Officer	Profile

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