Volato Correlations

SOAR Stock

0.64 0.06 10.52%

The current 90-days correlation between Volato Group and Momentus is 0.03 (i.e., Significant 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 -0.67 (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

0.67

600368

Guangxi Wuzhou Commu

Pair Corr

Moving against Volato Stock

0.9	PGAC	Pantages Capital Acq Symbol Change	Pair Corr
0.84	CAAP	Corporacion America	Pair Corr
0.83	CBCY	Central Bancompany	Pair Corr
0.81	CNIKF	Canada Nickel	Pair Corr
0.78	FTRE	Fortrea Holdings	Pair Corr
0.76	AGCC	Agencia Comercial Spirits	Pair Corr
0.76	BZQIF	Bezeq The Israel	Pair Corr
0.74	LSRCY	Lasertec	Pair Corr
0.74	WMT	Walmart Common Stock	Pair Corr
0.73	ON	ON Semiconductor	Pair Corr
0.72	BAER	Bridger Aerospace	Pair Corr
0.69	GSTX	Graphene Solar Techn	Pair Corr
0.67	BLCO	Bausch Lomb Corp	Pair Corr
0.62	INSE	Inspired Entertainment	Pair Corr
0.6	IRNRF	Iron Road Limited	Pair Corr
0.57	AROC	Archrock Symbol Change	Pair Corr
0.56	OZK	Bank Ozk	Pair Corr
0.52	CW	Curtiss Wright	Pair Corr
0.5	BAESF	BAE Systems PLC	Pair Corr
0.91	GEFB	Greif Inc	Pair Corr
0.89	SCGLY	Societe Generale ADR Earnings Call This Week	Pair Corr
0.87	TENX	Tenax Therapeutics	Pair Corr
0.87	HL	Hecla Mining	Pair Corr
0.86	HGKGY	Power Assets Holdings	Pair Corr
0.86	ABBRF	AbraSilver Resource Corp	Pair Corr
0.86	HAS	Hasbro Inc	Pair Corr
0.84	HTFC	HTFC	Pair Corr

Related Correlations Analysis

	ZOOZ	MNTS	KITT	YGMZ	CLWT	MWG	CVR	GLXG	POLA	OP
ZOOZ		0.73	0.77	0.66	0.14	0.29	-0.4	0.6	0.72	0.4	ZOOZ
MNTS	0.73		0.81	0.79	-0.21	0.13	-0.68	0.86	0.87	-0.09	MNTS
KITT	0.77	0.81		0.81	0.13	0.14	-0.52	0.77	0.84	0.09	KITT
YGMZ	0.66	0.79	0.81		-0.11	0.21	-0.73	0.84	0.93	-0.02	YGMZ
CLWT	0.14	-0.21	0.13	-0.11		0.09	0.62	-0.37	-0.13	0.43	CLWT
MWG	0.29	0.13	0.14	0.21	0.09		0.01	0.07	0.19	0.49	MWG
CVR	-0.4	-0.68	-0.52	-0.73	0.62	0.01		-0.88	-0.75	0.3	CVR
GLXG	0.6	0.86	0.77	0.84	-0.37	0.07	-0.88		0.92	-0.18	GLXG
POLA	0.72	0.87	0.84	0.93	-0.13	0.19	-0.75	0.92		-0.02	POLA
OP	0.4	-0.09	0.09	-0.02	0.43	0.49	0.3	-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	+ 0.92	GLXG
POLA	+ 0.87	MNTS
GLXG	+ 0.86	MNTS
POLA	+ 0.84	KITT
GLXG	+ 0.84	YGMZ

High negative correlations

GLXG	- 0.88	CVR
POLA	- 0.75	CVR
CVR	- 0.73	YGMZ
CVR	- 0.68	MNTS
CVR	- 0.52	KITT
CVR	- 0.4	ZOOZ

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	4.58	(1.89)	0.00	(1.00)	0.00	0.00	6.12	(10.17)	46.81
MNTS	9.03	(1.01)	0.00	(0.13)	0.00	0.00	17.86	(17.01)	70.67
KITT	9.52	0.31	0.03	(5.49)	9.44	(13.41)	15.58	(14.95)	141.67
YGMZ	13.80	(5.24)	0.00	2.98	0.00	0.00	31.25	(36.84)	130.11
CLWT	2.13	0.12	0.02	(0.37)	2.55	(2.39)	4.10	(4.17)	14.34
MWG	3.41	(0.18)	0.00	0.49	0.00	0.00	8.00	(7.41)	60.59
CVR	2.93	0.61	0.19	0.86	2.67	(3.55)	6.82	(4.16)	21.37
GLXG	5.34	(1.11)	0.00	1.03	0.00	0.00	10.30	(14.81)	53.25
POLA	5.37	(1.04)	0.00	3.24	0.00	0.00	12.44	(10.95)	52.02
OP	6.16	(0.29)	0.00	266.35	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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