HEICO Correlations

HEI-A Stock  USD 252.66  3.70  1.49%   
The current 90-days correlation between HEICO and Heico is 0.89 (i.e., Very poor 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 0.17 (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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HEICO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade HEICO Stock refer to our How to Trade HEICO Stock guide.

Moving together with HEICO Stock

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  0.72IBM International BusinessPairCorr
  0.64JPM JPMorgan ChasePairCorr
  0.64CVX Chevron CorpPairCorr

Moving against HEICO Stock

  0.72MCD McDonaldsPairCorr
  0.31VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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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   
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HEIEVEX
BWXTEVEX
HWMAVAV
BWXTMRCY
MOG-AHWM
  
High negative correlations   
MOG-AMRCY

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.

HEICO Corporate Management

Steven CPAChief TreasurerProfile
Carlos MacauCFO VPProfile
Laurans MendelsonExecutive BoardProfile
Elizabeth LetendreCorporate SecretaryProfile
Bradley RowenChief TreasurerProfile