Textron Correlations

TXT Stock

USD 94.23 0.67 0.72%

The current 90-days correlation between Textron and Huntington Ingalls Industries is 0.47 (i.e., Very weak diversification). The correlation of Textron 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.

Textron Correlation With Market

Very weak diversification

The correlation between Textron and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Textron and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Textron Stock

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

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

Moving together with Textron Stock

0.72	BA	Boeing Sell-off Trend	Pair Corr
0.8	688239	Guizhou Aviation Tec	Pair Corr
0.75	002985	Beijing Bei Mo	Pair Corr
0.73	SNR	Senior PLC	Pair Corr
0.91	ESLT	Elbit Systems	Pair Corr
0.68	688511	Sichuan Tianwei Elec	Pair Corr
0.73	EVTL	Vertical Aerospace	Pair Corr
0.77	300965	Beijing Hengyu Datacom	Pair Corr
0.84	688586	Hefei Jianghang Aircraft	Pair Corr
0.87	CAE	CAE Inc	Pair Corr
0.75	688070	Chengdu JOUAV Automation	Pair Corr
0.73	AIR	AAR Corp	Pair Corr
0.91	CAE	CAE Inc	Pair Corr
0.67	300324	Beijing Watertek Inf	Pair Corr
0.92	CVU	CPI Aerostructures	Pair Corr
0.77	DCO	Ducommun Incorporated	Pair Corr
0.79	300395	Hubei Feilihua Quartz	Pair Corr
0.81	HEI	Heico	Pair Corr
0.89	HII	Huntington Ingalls	Pair Corr
0.63	HWM	Howmet Aerospace	Pair Corr
0.69	HXL	Hexcel	Pair Corr
0.74	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.7	LMT	Lockheed Martin	Pair Corr
0.91	PKE	Park Electrochemical	Pair Corr

Moving against Textron Stock

0.59	VTSI	VirTra Inc	Pair Corr
0.56	EH	Ehang Holdings	Pair Corr
0.47	688685	Jiangsu Maixinlin	Pair Corr
0.75	PSN	Parsons Corp	Pair Corr
0.54	SIF	SIFCO Industries	Pair Corr

Related Correlations Analysis

	HII	WWD	ERJ	ALLE	CSL	AVY	LTM	KTOS	MAS	WSO
HII		0.86	0.75	-0.46	0.68	0.76	0.87	0.67	0.36	0.32	HII
WWD	0.86		0.64	-0.56	0.58	0.76	0.94	0.41	0.29	0.11	WWD
ERJ	0.75	0.64		-0.33	0.58	0.55	0.71	0.65	0.41	0.32	ERJ
ALLE	-0.46	-0.56	-0.33		0.09	-0.54	-0.54	0.2	0.49	0.52	ALLE
CSL	0.68	0.58	0.58	0.09		0.66	0.61	0.85	0.85	0.76	CSL
AVY	0.76	0.76	0.55	-0.54	0.66		0.76	0.41	0.32	0.16	AVY
LTM	0.87	0.94	0.71	-0.54	0.61	0.76		0.43	0.32	0.13	LTM
KTOS	0.67	0.41	0.65	0.2	0.85	0.41	0.43		0.78	0.82	KTOS
MAS	0.36	0.29	0.41	0.49	0.85	0.32	0.32	0.78		0.8	MAS
WSO	0.32	0.11	0.32	0.52	0.76	0.16	0.13	0.82	0.8		WSO
	HII	WWD	ERJ	ALLE	CSL	AVY	LTM	KTOS	MAS	WSO

Please upgrade your account to get full access to Macroaxis premium features

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

LTM	+ 0.94	WWD
LTM	+ 0.87	HII
WWD	+ 0.86	HII
KTOS	+ 0.85	CSL
MAS	+ 0.85	CSL
WSO	+ 0.82	KTOS

High negative correlations

ALLE	- 0.56	WWD
LTM	- 0.54	ALLE
AVY	- 0.54	ALLE
ALLE	- 0.46	HII
ALLE	- 0.33	ERJ

Risk-Adjusted Indicators

There is a big difference between Textron Stock performing well and Textron 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 Textron'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
HII	1.66	0.48	0.30	0.46	1.20	(1.93)	4.34	(2.56)	10.50
WWD	1.59	0.26	0.21	0.23	1.25	(1.89)	3.61	(2.23)	16.03
ERJ	1.53	0.21	0.05	(0.65)	1.72	(1.77)	4.02	(2.78)	10.26
ALLE	0.92	(0.17)	0.00	(0.11)	0.00	0.00	2.18	(2.28)	5.10
CSL	1.23	0.01	0.04	0.10	1.54	(1.20)	4.11	(2.75)	7.52
AVY	1.10	0.22	0.16	0.57	0.78	(1.33)	2.68	(1.68)	12.00
LTM	1.38	0.43	0.25	0.70	1.17	(1.71)	3.32	(2.24)	8.49
KTOS	3.40	0.33	0.11	0.21	3.93	(3.67)	8.14	(6.46)	20.15
MAS	1.25	(0.05)	(0.02)	0.05	1.45	(1.40)	3.51	(2.16)	6.84
WSO	1.56	(0.05)	0.00	0.06	1.90	(1.72)	4.05	(2.70)	10.61

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

2026 Macroaxis LLC