Elbit Systems Correlations
| ESLT Stock | USD 208.07 1.75 0.83% |
The current 90-days correlation between Elbit Systems and Repligen is 0.09 (i.e., Significant diversification). The correlation of Elbit Systems 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.
Elbit Systems Correlation With Market
Modest diversification
The correlation between Elbit Systems and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elbit Systems and DJI in the same portfolio, assuming nothing else is changed.
Elbit |
Moving together with Elbit Stock
| 0.76 | CW | Curtiss Wright | PairCorr |
| 0.69 | CVU | CPI Aerostructures | PairCorr |
| 0.71 | ERJ | Embraer SA ADR | PairCorr |
| 0.68 | HEI | Heico Fiscal Year End 16th of December 2024 | PairCorr |
| 0.72 | HWM | Howmet Aerospace | PairCorr |
| 0.68 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | RTX | Raytheon Technologies Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | SIF | SIFCO Industries | PairCorr |
| 0.71 | TDG | Transdigm Group Fiscal Year End 14th of November 2024 | PairCorr |
Moving against Elbit Stock
| 0.59 | DPRO | Draganfly Trending | PairCorr |
| 0.55 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | EVTL | Vertical Aerospace | PairCorr |
| 0.37 | EVEX | Eve Holding | PairCorr |
| 0.77 | TGI | Triumph Group | PairCorr |
| 0.7 | KWE | KWESST Micro Systems Fiscal Year End 15th of January 2025 | PairCorr |
| 0.49 | SPR | Spirit Aerosystems | PairCorr |
| 0.47 | RGR | Sturm Ruger | PairCorr |
| 0.45 | HXL | Hexcel Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.37 | LILMW | Lilium Equity Warrants | PairCorr |
| 0.82 | LLAP | Terran Orbital Corp | PairCorr |
| 0.81 | AAIIQ | Alabama Aircraft Ind | PairCorr |
Related Correlations Analysis
| -0.65 | -0.68 | 0.04 | 0.39 | NVCR | ||
| -0.65 | 0.74 | 0.32 | -0.31 | HUBS | ||
| -0.68 | 0.74 | 0.16 | -0.18 | DOCN | ||
| 0.04 | 0.32 | 0.16 | -0.57 | APPN | ||
| 0.39 | -0.31 | -0.18 | -0.57 | RGEN | ||
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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 Elbit Stock performing well and Elbit Systems 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 Elbit Systems' 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 | 2.94 | (0.34) | 0.00 | (0.07) | 0.00 | 8.08 | 26.10 | |||
| HUBS | 1.58 | (0.12) | 0.00 | (0.04) | 0.00 | 3.40 | 12.12 | |||
| DOCN | 2.64 | 0.20 | 0.11 | 0.20 | 2.74 | 6.15 | 17.21 | |||
| APPN | 2.06 | (0.15) | (0.01) | 0.04 | 3.95 | 4.99 | 27.20 | |||
| RGEN | 2.44 | 0.06 | 0.05 | 0.15 | 2.44 | 5.43 | 25.63 |
Elbit Systems Corporate Executives
Elected by the shareholders, the Elbit Systems' board of directors comprises two types of representatives: Elbit Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elbit. The board's role is to monitor Elbit Systems' management team and ensure that shareholders' interests are well served. Elbit Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elbit Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Gaspar | CFO, Principal Accounting Officer and Executive VP | Profile | |
| Yaacov Kagan | Executive CFO | Profile | |
| Yuval Ramon | COO and Executive VP | Profile | |
| Yehoshua Yehuda | CTO and Executive VP | Profile |