Ageagle Aerial Correlations
| UAVS Stock | USD 3.49 0.29 9.06% |
The current 90-days correlation between Ageagle Aerial Systems and Vislink Technologies is -0.51 (i.e., Excellent diversification). The correlation of Ageagle Aerial 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.
Ageagle Aerial Correlation With Market
Good diversification
The correlation between Ageagle Aerial Systems and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ageagle Aerial Systems and DJI in the same portfolio, assuming nothing else is changed.
Ageagle |
Moving together with Ageagle Stock
| 0.91 | DLPX | Delphax Technologies | PairCorr |
| 0.79 | VLD | Velo3D Inc | PairCorr |
| 0.64 | SDON | Sandston Corp | PairCorr |
| 0.77 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.67 | CP | Canadian Pacific Railway | PairCorr |
Moving against Ageagle Stock
| 0.88 | J | Jacobs Solutions | PairCorr |
| 0.87 | BW | Babcock Wilcox Enter | PairCorr |
| 0.86 | B | Barnes Group | PairCorr |
| 0.85 | CW | Curtiss Wright | PairCorr |
| 0.83 | FUJIY | FUJIFILM Holdings Corp | PairCorr |
| 0.8 | DDD | 3D Systems | PairCorr |
| 0.77 | AZ | A2Z Smart Technologies | PairCorr |
| 0.69 | BR | Broadridge Financial | PairCorr |
| 0.62 | BV | BrightView Holdings | PairCorr |
| 0.6 | R | Ryder System | PairCorr |
| 0.53 | CR | Crane Company | PairCorr |
| 0.48 | HAUP | Hauppauge Digital OTC | PairCorr |
| 0.38 | G | Genpact Limited | PairCorr |
| 0.37 | CREAF | Creative Technology | PairCorr |
| 0.9 | NL | NL Industries | PairCorr |
| 0.8 | TG | Tredegar | PairCorr |
| 0.8 | TT | Trane Technologies plc | PairCorr |
| 0.78 | OC | Owens Corning | PairCorr |
| 0.77 | IR | Ingersoll Rand | PairCorr |
| 0.72 | PH | Parker Hannifin | PairCorr |
| 0.67 | EH | Ehang Holdings | PairCorr |
| 0.65 | NX | Quanex Building Products Fiscal Year End 12th of December 2024 | PairCorr |
| 0.63 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
| 0.63 | SQ | Block Inc | PairCorr |
| 0.61 | WM | Waste Management | PairCorr |
| 0.56 | LZ | LegalZoom | PairCorr |
| 0.54 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
Related Correlations Analysis
| -0.07 | -0.5 | -0.47 | -0.08 | EH | ||
| -0.07 | 0.44 | -0.58 | 0.31 | VISL | ||
| -0.5 | 0.44 | 0.07 | -0.09 | FRSX | ||
| -0.47 | -0.58 | 0.07 | -0.25 | GNUS | ||
| -0.08 | 0.31 | -0.09 | -0.25 | IDEX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ageagle Stock performing well and Ageagle Aerial 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 Ageagle Aerial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EH | 4.53 | 0.07 | 0.00 | 0.25 | 5.53 | 10.49 | 38.09 | |||
| VISL | 3.02 | (0.70) | 0.00 | (0.52) | 0.00 | 4.98 | 43.95 | |||
| FRSX | 2.50 | (0.30) | 0.00 | (0.71) | 0.00 | 6.06 | 12.54 | |||
| GNUS | 3.29 | 0.49 | 0.07 | (0.44) | 3.37 | 9.09 | 19.55 | |||
| IDEX | 4.16 | (0.27) | 0.00 | (0.79) | 0.00 | 11.32 | 25.90 |
Ageagle Aerial Corporate Management
| Nicole CPA | Exec CFO | Profile | |
| CPA CPA | Chief Officer | Profile | |
| Edouard Rosset | Executive Technology | Profile | |
| Matt Martin | VP Operations | Profile |