StandardAero Correlations
| SARO Stock | 30.64 0.28 0.92% |
The current 90-days correlation between StandardAero and Leonardo DRS Common is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as StandardAero moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if StandardAero moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
StandardAero Correlation With Market
Very weak diversification
The correlation between StandardAero and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding StandardAero and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with StandardAero Stock
Moving against StandardAero Stock
Related Correlations Analysis
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 StandardAero Stock performing well and StandardAero 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 StandardAero'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRS | 1.46 | (0.34) | 0.00 | (0.18) | 0.00 | 2.03 | 10.38 | |||
| CAE | 1.21 | 0.08 | 0.06 | 0.13 | 1.37 | 2.90 | 7.39 | |||
| UHAL | 1.12 | (0.19) | 0.00 | (0.08) | 0.00 | 2.58 | 9.01 | |||
| GNRC | 2.43 | (0.35) | 0.00 | (0.08) | 0.00 | 4.15 | 13.91 | |||
| FLS | 1.82 | 0.46 | 0.28 | 0.44 | 1.29 | 2.55 | 34.18 | |||
| AIT | 1.04 | (0.05) | (0.03) | 0.01 | 1.36 | 2.64 | 7.04 | |||
| DCI | 1.01 | 0.09 | 0.08 | 0.15 | 0.95 | 2.21 | 9.29 | |||
| ERJ | 1.53 | 0.19 | 0.06 | (1.18) | 1.72 | 4.02 | 10.26 | |||
| POOL | 1.25 | (0.47) | 0.00 | (0.35) | 0.00 | 2.91 | 6.57 |
StandardAero Corporate Executives
Elected by the shareholders, the StandardAero's board of directors comprises two types of representatives: StandardAero inside directors who are chosen from within the company, and outside directors, selected externally and held independent of StandardAero. The board's role is to monitor StandardAero's management team and ensure that shareholders' interests are well served. StandardAero'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, StandardAero's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Satterfield | CFO Treasurer | Profile |