Fly E Correlations
FLYE Stock | USD 0.68 0.02 2.86% |
The correlation of Fly E 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.
Fly E Correlation With Market
Average diversification
The correlation between Fly E Group, Common 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 Fly E Group, Common and DJI in the same portfolio, assuming nothing else is changed.
Fly |
Moving together with Fly Stock
0.87 | F | Ford Motor Aggressive Push | PairCorr |
0.7 | GT | Goodyear Tire Rubber | PairCorr |
0.78 | QS | Quantumscape Corp | PairCorr |
0.76 | TM | Toyota Motor | PairCorr |
0.83 | VLCN | Volcon Inc | PairCorr |
0.75 | WKHS | Workhorse Group | PairCorr |
0.76 | FFIE | Faraday Future Intel Buyout Trend | PairCorr |
0.74 | ALV | Autoliv Earnings Call This Week | PairCorr |
0.64 | AXL | American Axle Manufa | PairCorr |
0.61 | DAN | Dana Inc | PairCorr |
0.75 | FRSX | Foresight Autonomous | PairCorr |
0.81 | GTX | Garrett Motion | PairCorr |
0.62 | MGA | Magna International | PairCorr |
0.84 | GNTX | Gentex | PairCorr |
0.65 | INVZ | Innoviz Technologies | PairCorr |
0.76 | LAZR | Luminar Technologies | PairCorr |
0.86 | MBLY | Mobileye Global Class Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Fly Stock
0.65 | DORM | Dorman Products | PairCorr |
0.41 | HOG | Harley Davidson | PairCorr |
0.42 | RACE | Ferrari NV | PairCorr |
0.41 | AS | Amer Sports, | PairCorr |
0.34 | PSNYW | Polestar Automotive | PairCorr |
0.31 | FL | Foot Locker Sell-off Trend | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Fly Stock performing well and Fly E 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 Fly E'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AEO | 2.25 | (0.11) | (0.01) | 0.03 | 3.00 | 4.17 | 10.65 | |||
BURL | 1.52 | (0.08) | (0.03) | 0.03 | 1.98 | 3.73 | 10.43 | |||
NCTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
PEP | 0.73 | 0.08 | 0.00 | 1.16 | 0.75 | 1.76 | 5.37 | |||
CATO | 1.87 | 0.21 | 0.07 | 0.50 | 2.08 | 4.00 | 17.59 | |||
DEO | 1.13 | 0.01 | 0.00 | 0.11 | 1.36 | 2.23 | 6.73 | |||
SKX | 1.67 | (0.08) | (0.03) | 0.02 | 2.50 | 3.71 | 14.02 | |||
KTB | 1.41 | 0.23 | 0.16 | 0.26 | 1.29 | 3.28 | 8.02 |