Volato Correlations

SOAR Stock

0.61 0.03 4.80%

The current 90-days correlation between Volato Group and Momentus is 0.33 (i.e., Weak diversification). The correlation of Volato 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.

Volato Correlation With Market

Excellent diversification

The correlation between Volato Group and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volato Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Volato Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volato Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Volato Stock

0.69	JD	JD Inc Adr	Pair Corr
0.7	HNHPF	Hon Hai Precision	Pair Corr

Moving against Volato Stock

0.87	PAC	Grupo Aeroportuario del	Pair Corr
0.85	EVGPF	Evergrande Property	Pair Corr
0.81	OMAB	Grupo Aeroportuario del	Pair Corr
0.81	SAR	Saratoga Investment Corp	Pair Corr
0.8	CAAP	Corporacion America	Pair Corr
0.78	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.75	ACN	Accenture plc	Pair Corr
0.68	VLKPF	Volkswagen AG VZO	Pair Corr
0.6	VWAGY	Volkswagen AG 110	Pair Corr
0.59	VLKAF	Volkswagen AG	Pair Corr
0.43	GZ3	Yuexiu Transport Inf	Pair Corr
0.91	CBKM	Consumers Bancorp	Pair Corr
0.91	PSSR	Passur Aerospace	Pair Corr
0.89	AMXEF	Amex Exploration	Pair Corr
0.88	OERLF	OC OerlikonAG	Pair Corr
0.86	FBPI	First Bancorp Earnings Call Tomorrow	Pair Corr
0.83	SNDR	Schneider National	Pair Corr
0.79	TYHOF	Toyota Tsusho Earnings Call Tomorrow	Pair Corr
0.77	NWPX	Northwest Pipe	Pair Corr
0.76	PXXXF	PolarX Limited	Pair Corr
0.73	PANL	Pangaea Logistic	Pair Corr
0.71	DBI	Designer Brands	Pair Corr
0.68	UNBLF	WFD Unibail Rodamco	Pair Corr
0.66	VRCA	Verrica Pharmaceuticals	Pair Corr
0.58	IONS	Ionis Pharmaceuticals	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.89	SIUSD	Silver Futures	Pair Corr
0.87	ECAOF	Eco (Atlantic)	Pair Corr
0.85	THSGF	Thesis Gold	Pair Corr
0.83	PFRRF	PetroFrontier Corp Earnings Call Today	Pair Corr
0.82	ACR-PC	ACRES Commercial Realty	Pair Corr
0.78	AGESY	ageas SANV	Pair Corr

Related Correlations Analysis

	ZOOZ	MNTS	KITT	YGMZ	CLWT	MWG	CVR	GLXG	POLA	OP
ZOOZ		0.69	0.76	0.63	0.06	0.22	-0.4	0.58	0.7	0.43	ZOOZ
MNTS	0.69		0.78	0.78	-0.29	0.11	-0.66	0.86	0.87	-0.05	MNTS
KITT	0.76	0.78		0.78	0.07	0.06	-0.5	0.73	0.8	0.13	KITT
YGMZ	0.63	0.78	0.78		-0.2	0.17	-0.73	0.83	0.93	0.02	YGMZ
CLWT	0.06	-0.29	0.07	-0.2		-0.05	0.67	-0.45	-0.25	0.4	CLWT
MWG	0.22	0.11	0.06	0.17	-0.05		-0.01	0.08	0.18	0.4	MWG
CVR	-0.4	-0.66	-0.5	-0.73	0.67	-0.01		-0.87	-0.76	0.29	CVR
GLXG	0.58	0.86	0.73	0.83	-0.45	0.08	-0.87		0.91	-0.18	GLXG
POLA	0.7	0.87	0.8	0.93	-0.25	0.18	-0.76	0.91		0.02	POLA
OP	0.43	-0.05	0.13	0.02	0.4	0.4	0.29	-0.18	0.02		OP
	ZOOZ	MNTS	KITT	YGMZ	CLWT	MWG	CVR	GLXG	POLA	OP

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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

POLA	+ 0.93	YGMZ
POLA	+ 0.91	GLXG
POLA	+ 0.87	MNTS
GLXG	+ 0.86	MNTS
GLXG	+ 0.83	YGMZ
POLA	+ 0.8	KITT

High negative correlations

GLXG	- 0.87	CVR
POLA	- 0.76	CVR
CVR	- 0.73	YGMZ
CVR	- 0.66	MNTS
CVR	- 0.5	KITT
GLXG	- 0.45	CLWT

Risk-Adjusted Indicators

There is a big difference between Volato Stock performing well and Volato 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 Volato'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
ZOOZ	4.53	(1.77)	0.00	(0.89)	0.00	0.00	6.12	(10.17)	46.81
MNTS	9.03	(0.92)	0.00	(0.12)	0.00	0.00	17.86	(17.01)	70.67
KITT	9.23	(0.16)	0.01	0.02	9.26	(13.37)	15.58	(14.95)	141.67
YGMZ	13.68	(5.02)	0.00	1.00	0.00	0.00	31.25	(36.84)	130.11
CLWT	2.07	0.06	0.01	0.17	2.54	(2.28)	3.88	(4.17)	14.34
MWG	3.52	(0.32)	0.00	(0.37)	0.00	0.00	8.00	(8.00)	60.59
CVR	3.01	0.50	0.16	0.35	2.88	(3.66)	6.82	(4.16)	21.37
GLXG	5.45	(0.96)	0.00	0.83	0.00	0.00	10.30	(14.81)	53.25
POLA	5.31	(0.97)	0.00	3.98	0.00	0.00	12.44	(10.95)	52.02
OP	6.16	(0.28)	0.00	0.76	0.00	0.00	10.95	(19.70)	52.42

Volato Corporate Executives

Elected by the shareholders, the Volato's board of directors comprises two types of representatives: Volato inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Volato. The board's role is to monitor Volato's management team and ensure that shareholders' interests are well served. Volato'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, Volato's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Nicholas CFA	Chief Cofounder	Profile
	Nicholas Cooper	Chief CoFounder	Profile

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