HEICO Correlations
HEI-A Stock | USD 251.49 1.17 0.46% |
The current 90-days correlation between HEICO and Heico is 0.94 (i.e., Almost no diversification). The correlation of HEICO 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.
HEICO Correlation With Market
Average diversification
The correlation between HEICO 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 HEICO and DJI in the same portfolio, assuming nothing else is changed.
Moving together with HEICO Stock
0.67 | CW | Curtiss Wright | PairCorr |
0.64 | GD | General Dynamics | PairCorr |
0.72 | PL | Planet Labs PBC | PairCorr |
0.66 | ESLT | Elbit Systems | PairCorr |
0.74 | EVEX | Eve Holding | PairCorr |
0.64 | AIR | AAR Corp | PairCorr |
0.61 | CAE | CAE Inc | PairCorr |
0.73 | DCO | Ducommun Incorporated Earnings Call This Week | PairCorr |
0.9 | DRS | Leonardo DRS, Common Earnings Call This Week | PairCorr |
0.67 | ERJ | Embraer SA ADR | PairCorr |
0.73 | HEI | Heico | PairCorr |
0.68 | HII | Huntington Ingalls Earnings Call This Week | PairCorr |
0.93 | HWM | Howmet Aerospace Earnings Call This Week | PairCorr |
0.66 | HXL | Hexcel | PairCorr |
0.71 | LHX | L3Harris Technologies | PairCorr |
0.72 | NPK | National Presto Indu | PairCorr |
0.78 | RDW | Redwire Corp Downward Rally | PairCorr |
0.65 | RTX | Raytheon Technologies | PairCorr |
0.79 | SIF | SIFCO Industries | PairCorr |
0.73 | SPR | Spirit Aerosystems | PairCorr |
0.77 | TDG | Transdigm Group | PairCorr |
0.83 | TGI | Triumph Group | PairCorr |
0.84 | TXT | Textron | PairCorr |
0.96 | WWD | Woodward Earnings Call This Week | PairCorr |
0.89 | HOVR | New Horizon Aircraft Earnings Call This Week | PairCorr |
Moving against HEICO Stock
0.35 | VVX | V2X Inc | PairCorr |
0.9 | POWW | Ammo Inc | PairCorr |
0.86 | MNTS | Momentus | PairCorr |
0.76 | LOAR | Loar Holdings | PairCorr |
0.57 | GPUS | Hyperscale Data, Symbol Change | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between HEICO Stock performing well and HEICO 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 HEICO'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EVEX | 4.00 | 1.16 | 0.23 | 13.98 | 3.57 | 11.87 | 21.50 | |||
HEI | 1.02 | 0.34 | 0.19 | 0.88 | 0.73 | 2.17 | 9.70 | |||
MRCY | 1.74 | 0.10 | (0.02) | 0.53 | 2.58 | 3.68 | 11.63 | |||
AVAV | 2.61 | 1.00 | 0.28 | 5.06 | 2.21 | 5.36 | 32.98 | |||
HWM | 1.10 | 0.44 | 0.17 | 1.56 | 1.04 | 2.90 | 12.15 | |||
MOG-A | 1.25 | 0.00 | (0.04) | 0.23 | 1.42 | 3.20 | 8.30 | |||
LEN-B | 1.84 | (0.13) | (0.04) | 0.12 | 2.03 | 4.15 | 9.82 | |||
MOG-B | 0.71 | 0.24 | 0.00 | 1.44 | 0.00 | 3.05 | 10.36 | |||
BWXT | 1.18 | 0.48 | 0.19 | 1.68 | 0.99 | 3.11 | 15.49 |
HEICO Corporate Management
Steven CPA | Chief Treasurer | Profile | |
Carlos Macau | CFO VP | Profile | |
Laurans Mendelson | Executive Board | Profile | |
Elizabeth Letendre | Corporate Secretary | Profile | |
Bradley Rowen | Chief Treasurer | Profile |