Tat Techno Correlations

TATT Stock

USD 22.23 0.50 2.30%

The current 90-days correlation between Tat Techno and Innovative Solutions and is -0.03 (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

Average diversification

The correlation between Tat Techno and DJI is 0.15 (i.e., Average 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	CW	Curtiss Wright	Pair Corr
0.77	ESLT	Elbit Systems	Pair Corr
0.86	CAE	CAE Inc	Pair Corr
0.72	DRS	Leonardo DRS, Common	Pair Corr
0.7	ERJ	Embraer SA ADR	Pair Corr
0.67	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.82	HWM	Howmet Aerospace	Pair Corr
0.62	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.7	PKE	Park Electrochemical	Pair Corr
0.87	RDW	Redwire Corp Upward Rally	Pair Corr
0.82	TGI	Triumph Group	Pair Corr
0.61	WWD	Woodward	Pair Corr

Moving against Tat Stock

0.75	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.74	HII	Huntington Ingalls	Pair Corr
0.69	EVTL	Vertical Aerospace	Pair Corr
0.74	RGR	Sturm Ruger	Pair Corr
0.67	SPR	Spirit Aerosystems	Pair Corr
0.64	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.48	TXT	Textron Fiscal Year End 22nd of January 2025	Pair Corr
0.47	SIF	SIFCO Industries	Pair Corr
0.39	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.36	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.31	HXL	Hexcel Fiscal Year End 22nd of January 2025	Pair Corr
0.77	LILMW	Lilium Equity Warrants	Pair Corr
0.75	KITT	Nauticus Robotics	Pair Corr
0.73	KITTW	Nauticus Robotics	Pair Corr
0.63	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	ISSC	CVU	AIRI	BRSI	SIF	ASTC	PKE	DCO	KAMN
ISSC		0.11	-0.25	0.0	-0.69	-0.32	0.87	0.13	0.71	ISSC
CVU	0.11		-0.27	0.0	-0.21	-0.59	0.24	0.03	0.39	CVU
AIRI	-0.25	-0.27		0.0	0.37	0.17	-0.23	-0.17	-0.3	AIRI
BRSI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BRSI
SIF	-0.69	-0.21	0.37	0.0		0.4	-0.64	-0.06	-0.68	SIF
ASTC	-0.32	-0.59	0.17	0.0	0.4		-0.44	-0.08	-0.66	ASTC
PKE	0.87	0.24	-0.23	0.0	-0.64	-0.44		0.31	0.7	PKE
DCO	0.13	0.03	-0.17	0.0	-0.06	-0.08	0.31		-0.05	DCO
KAMN	0.71	0.39	-0.3	0.0	-0.68	-0.66	0.7	-0.05		KAMN
	ISSC	CVU	AIRI	BRSI	SIF	ASTC	PKE	DCO	KAMN

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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

PKE	+ 0.87	ISSC
KAMN	+ 0.71	ISSC
KAMN	+ 0.7	PKE
ASTC	+ 0.4	SIF
KAMN	+ 0.39	CVU
SIF	+ 0.37	AIRI

High negative correlations

SIF	- 0.69	ISSC
KAMN	- 0.68	SIF
KAMN	- 0.66	ASTC
PKE	- 0.64	SIF
ASTC	- 0.59	CVU
PKE	- 0.44	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	1.33	0.06	0.01	0.20	1.65	(1.45)	3.28	(3.31)	9.31
CVU	2.33	0.52	0.15	0.99	2.71	(2.71)	5.54	(3.51)	17.36
AIRI	5.49	0.83	0.12	(1.61)	5.10	(6.94)	6.53	(9.68)	108.90
BRSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIF	3.01	0.05	0.02	0.14	3.70	(3.60)	5.70	(5.22)	28.31
ASTC	2.44	(0.31)	0.00	(0.86)	0.00	0.00	5.40	(4.79)	37.69
PKE	1.31	0.04	0.09	0.12	0.98	(1.81)	3.51	(1.98)	12.34
DCO	1.26	(0.15)	(0.06)	0.01	1.57	(1.36)	2.90	(2.30)	8.32
KAMN	1.85	0.06	0.01	0.21	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

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