AeroVironment Correlations

Stocks . Germany . 
Stock . AeroVironment
JPX Stock  EUR 183.65  2.85  1.53%   
The current 90-days correlation between AeroVironment and Entravision Communications is -0.14 (i.e., Good diversification). The correlation of AeroVironment 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.

AeroVironment Correlation With Market

Average diversification

The correlation between AeroVironment and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AeroVironment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AeroVironment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AeroVironment 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 AeroVironment - 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 AeroVironment to buy it.

Moving together with AeroVironment Stock

  0.85UR Raytheon TechnologiesPairCorr
  0.64NTH Northrop GrummanPairCorr
  0.66GDX General DynamicsPairCorr
  0.77UN3 United Natural FoodsPairCorr
  0.79EK7 AGRICUL BK CHINAPairCorr
  0.63VAR1 Varta AGPairCorr
  0.73DBPE Xtrackers LevDAXPairCorr
  0.62E908 Lyxor 1PairCorr

Moving against AeroVironment Stock

  0.66SSU Samsung ElectronicsPairCorr
  0.66SSUN Samsung ElectronicsPairCorr
  0.66BYRA PT Bank RakyatPairCorr
  0.65SSUN Samsung ElectronicsPairCorr
  0.64SSU Samsung ElectronicsPairCorr
  0.64DBPD Xtrackers ShortDAXPairCorr
  0.62BYRA BANK RAKYAT INDPairCorr
  0.6BYRA BANK RAKYAT INDPairCorr
  0.41PQ9 PT Bank MandiriPairCorr
  0.35BYRA PT Bank RakyatPairCorr

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   
6GC
+ 0.76
M7O
B7O
+ 0.57
M7O
6GC
+ 0.57
B7O
B7O
+ 0.55
EV9
GSZ
+ 0.5
96W
EV9
+ 0.06
M7O
  
High negative correlations   
GSZ
- 0.59
EV9
B7O
- 0.56
96W
EV9
- 0.52
96W
GSZ
- 0.49
B7O
GSZ
- 0.45
M7O
96W
- 0.31
M7O

Risk-Adjusted Indicators

There is a big difference between AeroVironment Stock performing well and AeroVironment 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 AeroVironment'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.

Be your own money manager

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

Elected by the shareholders, the AeroVironment's board of directors comprises two types of representatives: AeroVironment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AeroVironment. The board's role is to monitor AeroVironment's management team and ensure that shareholders' interests are well served. AeroVironment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AeroVironment's outside directors are responsible for providing unbiased perspectives on the board's policies.
Regine LawtonVP OfficerProfile
Jonah TeeterBalinSr RelationsProfile
Steven GitlinIR Contact OfficerProfile
Thomas VaneckVP NEICProfile
Brian ShackleyController VPProfile
Melissa JDGen VPProfile
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