Axon Enterprise Correlations
AXON Stock | USD 783.80 8.05 1.02% |
The current 90-days correlation between Axon Enterprise and HubSpot is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Axon Enterprise Correlation With Market
Poor diversification
The correlation between Axon Enterprise and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axon Enterprise and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Axon Stock
0.9 | AZ | A2Z Smart Technologies | PairCorr |
0.92 | BA | Boeing | PairCorr |
0.98 | CW | Curtiss Wright | PairCorr |
0.66 | GD | General Dynamics | PairCorr |
0.92 | GE | GE Aerospace | PairCorr |
0.93 | BA-PA | Boeing | PairCorr |
0.83 | VSEC | VSE Corporation | PairCorr |
0.66 | VTSI | VirTra Inc | PairCorr |
0.88 | EVEX | Eve Holding | PairCorr |
0.86 | EVTL | Vertical Aerospace Upward Rally | PairCorr |
0.71 | CAE | CAE Inc | PairCorr |
0.94 | DCO | Ducommun Incorporated | PairCorr |
0.93 | DRS | Leonardo DRS, Common | PairCorr |
0.78 | HEI | Heico | PairCorr |
0.76 | HII | Huntington Ingalls | PairCorr |
0.96 | HWM | Howmet Aerospace | PairCorr |
0.89 | LHX | L3Harris Technologies | PairCorr |
0.69 | PKE | Park Electrochemical | PairCorr |
0.81 | RDW | Redwire Corp Trending | PairCorr |
0.64 | RTX | Raytheon Technologies | PairCorr |
0.74 | SIF | SIFCO Industries | PairCorr |
0.88 | SPR | Spirit Aerosystems | PairCorr |
0.8 | TDG | Transdigm Group | PairCorr |
0.74 | TGI | Triumph Group | PairCorr |
Moving against Axon Stock
0.66 | CVU | CPI Aerostructures | PairCorr |
0.45 | DPRO | Draganfly Trending | PairCorr |
0.39 | EH | Ehang Holdings | PairCorr |
0.64 | RGR | Sturm Ruger | PairCorr |
0.43 | NOC | Northrop Grumman | PairCorr |
0.31 | KWE | KWESST Micro Systems | PairCorr |
0.36 | MNTSW | Momentus | PairCorr |
0.31 | VVX | V2X Inc | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Axon Stock performing well and Axon Enterprise 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 Axon Enterprise'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NVCR | 2.69 | (0.15) | 0.00 | (0.11) | 0.00 | 5.97 | 21.11 | |||
HUBS | 2.45 | (0.07) | 0.00 | (0.03) | 0.00 | 4.46 | 21.40 | |||
DOCN | 3.20 | (0.42) | 0.00 | (0.17) | 0.00 | 5.95 | 32.14 | |||
APPN | 2.00 | 0.05 | 0.02 | 0.05 | 2.28 | 3.96 | 13.75 | |||
RGEN | 3.15 | (0.23) | 0.00 | (0.12) | 0.00 | 6.66 | 21.20 |
Axon Enterprise Corporate Management
Jeffrey Kunins | Chief Software | Profile | |
Jenner Holden | Chief Officer | Profile | |
Andrea James | Chief Officer | Profile | |
Ruth Sleeter | Chief Officer | Profile | |
Isaiah Fields | Corporate Officer | Profile | |
Erik Lapinski | Senior Relations | Profile |