Tat Techno Correlations

TATT Stock

USD 28.87 1.17 4.22%

The current 90-days correlation between Tat Techno and Innovative Solutions and is -0.01 (i.e., Good diversification). The correlation of Tat Techno 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.

Tat Techno Correlation With Market

Good diversification

The correlation between Tat Techno and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tat Techno and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Tat Stock please use our How to Invest in Tat Techno guide.

Moving together with Tat Stock

0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.9	PL	Planet Labs PBC	Pair Corr
0.76	DPRO	Draganfly	Pair Corr
0.89	ESLT	Elbit Systems	Pair Corr
0.84	EVEX	Eve Holding	Pair Corr
0.72	EVTL	Vertical Aerospace	Pair Corr
0.92	CAE	CAE Inc	Pair Corr
0.78	CVU	CPI Aerostructures	Pair Corr
0.62	HWM	Howmet Aerospace	Pair Corr
0.94	NPK	National Presto Indu	Pair Corr
0.87	RDW	Redwire Corp	Pair Corr
0.65	SPR	Spirit Aerosystems	Pair Corr
0.81	TGI	Triumph Group	Pair Corr
0.65	MNTSW	Momentus	Pair Corr
0.82	HOVR	New Horizon Aircraft	Pair Corr

Moving against Tat Stock

0.93	GD	General Dynamics Earnings Call This Week	Pair Corr
0.85	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.67	EH	Ehang Holdings	Pair Corr
0.66	HII	Huntington Ingalls	Pair Corr
0.65	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.64	KWE	KWESST Micro Systems	Pair Corr
0.46	HEI	Heico	Pair Corr
0.9	NOC	Northrop Grumman Earnings Call This Week	Pair Corr
0.89	LMT	Lockheed Martin Earnings Call This Week	Pair Corr
0.82	VVX	V2X Inc	Pair Corr
0.8	SVT	Servotronics Potential Growth	Pair Corr
0.78	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.76	TXT	Textron Earnings Call This Week	Pair Corr
0.71	TDG	Transdigm Group	Pair Corr
0.38	SIF	SIFCO Industries	Pair Corr
0.35	LOAR	Loar Holdings	Pair Corr

Related Correlations Analysis

	ISSC	CVU	AIRI	BRSI	SIF	ASTC	PKE	DCO	KAMN
ISSC		0.85	-0.66	-0.7	-0.43	-0.61	0.12	0.19	0.71	ISSC
CVU	0.85		-0.67	-0.73	-0.35	-0.55	0.05	0.09	0.74	CVU
AIRI	-0.66	-0.67		0.69	0.41	0.53	-0.35	-0.04	-0.6	AIRI
BRSI	-0.7	-0.73	0.69		0.29	0.52	-0.03	0.24	-0.79	BRSI
SIF	-0.43	-0.35	0.41	0.29		0.77	-0.04	0.02	-0.44	SIF
ASTC	-0.61	-0.55	0.53	0.52	0.77		-0.17	-0.08	-0.62	ASTC
PKE	0.12	0.05	-0.35	-0.03	-0.04	-0.17		0.49	-0.03	PKE
DCO	0.19	0.09	-0.04	0.24	0.02	-0.08	0.49		-0.05	DCO
KAMN	0.71	0.74	-0.6	-0.79	-0.44	-0.62	-0.03	-0.05		KAMN
	ISSC	CVU	AIRI	BRSI	SIF	ASTC	PKE	DCO	KAMN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CVU	+ 0.85	ISSC
ASTC	+ 0.77	SIF
KAMN	+ 0.74	CVU
KAMN	+ 0.71	ISSC
BRSI	+ 0.69	AIRI
ASTC	+ 0.53	AIRI

High negative correlations

KAMN	- 0.79	BRSI
BRSI	- 0.73	CVU
BRSI	- 0.7	ISSC
AIRI	- 0.67	CVU
AIRI	- 0.66	ISSC
KAMN	- 0.62	ASTC

Risk-Adjusted Indicators

There is a big difference between Tat Stock performing well and Tat Techno 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 Tat Techno'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
ISSC	1.57	0.56	0.32	1.53	1.14	(1.95)	4.42	(2.29)	11.08
CVU	2.77	0.63	0.19	4.77	2.83	(3.58)	7.12	(4.35)	21.78
AIRI	2.73	(0.36)	0.00	(0.41)	0.00	0.00	4.75	(5.78)	23.33
BRSI	1.79	(0.92)	0.00	(1.28)	0.00	0.00	0.00	0.00	60.00
SIF	2.61	(0.23)	0.00	1.17	0.00	0.00	5.22	(5.22)	28.04
ASTC	2.04	(0.30)	0.00	0.62	0.00	0.00	5.40	(4.65)	16.65
PKE	1.50	0.09	0.06	0.15	1.55	(1.86)	2.63	(2.98)	13.87
DCO	1.53	0.11	0.05	0.18	1.96	(1.73)	3.18	(4.41)	12.14
KAMN	1.85	0.12	0.05	(7.18)	2.21	(1.87)	5.37	(3.75)	14.48

Tat Techno Corporate Management

Lars Hesbjerg	Vice Sales	Profile
Eitan Shabtay	EVP Technologies	Profile
Ohad Milo	Pres Gedera	Profile
Yair Raz	Executive Strategy	Profile
Ehud BenYair	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC