Innovative Solutions Correlations

ISSC Stock

USD 8.85 0.29 3.17%

The current 90-days correlation between Innovative Solutions and and New Horizon Aircraft is 0.3 (i.e., Weak diversification). The correlation of Innovative Solutions 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.

Innovative Solutions Correlation With Market

Weak diversification

The correlation between Innovative Solutions and and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovative Solutions and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovative Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Solutions and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Innovative Stock

0.69	HCL	Highcom	Pair Corr
0.61	688297	AVIC (Chengdu)	Pair Corr
0.83	CVU	CPI Aerostructures Earnings Call Next Week	Pair Corr

Moving against Innovative Stock

0.7	GD	General Dynamics	Pair Corr
0.59	CW	Curtiss Wright	Pair Corr
0.56	688685	Jiangsu Maixinlin	Pair Corr
0.52	688239	Guizhou Aviation Tec	Pair Corr
0.48	PARAS	Paras Defence	Pair Corr
0.44	ESLT	Elbit Systems	Pair Corr
0.38	688511	Sichuan Tianwei Elec	Pair Corr
0.36	HAL	Hindustan Aeronautics	Pair Corr
0.34	AIR	AAR Corp	Pair Corr
0.71	LMT	Lockheed Martin	Pair Corr
0.66	SIF	SIFCO Industries	Pair Corr
0.65	HII	Huntington Ingalls	Pair Corr
0.63	NPK	National Presto Indu	Pair Corr
0.6	HWM	Howmet Aerospace Earnings Call Tomorrow	Pair Corr
0.56	300324	Beijing Watertek Inf	Pair Corr
0.56	RTX	Raytheon Technologies	Pair Corr
0.55	PKE	Park Electrochemical	Pair Corr
0.54	ERJ	Embraer SA ADR Symbol Change	Pair Corr
0.54	HXL	Hexcel	Pair Corr
0.52	LHX	L3Harris Technologies	Pair Corr
0.4	TXT	Textron Sell-off Trend	Pair Corr

Related Correlations Analysis

	HOVR	GENC	PPIH	POWW	ALTG	FC	DSX	PESI	SPCE	BLNK
HOVR		-0.7	-0.44	0.46	-0.72	-0.51	0.02	0.09	0.9	0.92	HOVR
GENC	-0.7		0.54	-0.32	0.92	0.69	-0.07	-0.21	-0.77	-0.72	GENC
PPIH	-0.44	0.54		0.14	0.4	-0.03	-0.13	0.41	-0.38	-0.45	PPIH
POWW	0.46	-0.32	0.14		-0.48	-0.39	0.47	0.2	0.41	0.62	POWW
ALTG	-0.72	0.92	0.4	-0.48		0.75	-0.1	-0.27	-0.78	-0.74	ALTG
FC	-0.51	0.69	-0.03	-0.39	0.75		0.09	-0.45	-0.58	-0.48	FC
DSX	0.02	-0.07	-0.13	0.47	-0.1	0.09		-0.48	0.02	0.27	DSX
PESI	0.09	-0.21	0.41	0.2	-0.27	-0.45	-0.48		0.19	0.0	PESI
SPCE	0.9	-0.77	-0.38	0.41	-0.78	-0.58	0.02	0.19		0.84	SPCE
BLNK	0.92	-0.72	-0.45	0.62	-0.74	-0.48	0.27	0.0	0.84		BLNK
	HOVR	GENC	PPIH	POWW	ALTG	FC	DSX	PESI	SPCE	BLNK

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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

BLNK	+ 0.92	HOVR
ALTG	+ 0.92	GENC
SPCE	+ 0.9	HOVR
BLNK	+ 0.84	SPCE
FC	+ 0.75	ALTG
FC	+ 0.69	GENC

High negative correlations

SPCE	- 0.78	ALTG
SPCE	- 0.77	GENC
BLNK	- 0.74	ALTG
BLNK	- 0.72	GENC
ALTG	- 0.72	HOVR
GENC	- 0.7	HOVR

Risk-Adjusted Indicators

There is a big difference between Innovative Stock performing well and Innovative Solutions 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 Innovative Solutions' 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
HOVR	5.92	0.12	0.07	0.11	5.94	(7.35)	14.91	(9.77)	41.69
GENC	1.45	(0.24)	0.00	(0.12)	0.00	0.00	3.32	(3.69)	9.70
PPIH	3.27	0.02	0.03	0.10	4.57	(3.41)	6.88	(5.09)	26.39
POWW	2.51	0.39	0.15	0.27	2.82	(3.03)	5.96	(5.00)	15.40
ALTG	2.62	(0.47)	0.00	(0.16)	0.00	0.00	6.61	(5.11)	15.65
FC	2.13	(0.35)	0.00	(0.05)	0.00	0.00	4.40	(4.29)	11.22
DSX	2.17	0.10	0.03	0.22	2.66	(2.29)	5.19	(4.09)	16.15
PESI	3.02	0.36	0.04	(0.53)	4.77	(3.15)	7.33	(4.39)	23.74
SPCE	3.15	(0.24)	0.00	(0.04)	0.00	0.00	6.72	(7.22)	19.51
BLNK	5.10	0.53	0.15	0.23	4.56	(6.88)	13.64	(8.24)	36.57

Innovative Solutions Corporate Management

Larry Riddle	VP Marketing	Profile
Mike Bingham	Vice Operations	Profile
Jeffrey DiGiovanni	Chief Officer	Profile
Relland Winand	Chief Officer	Profile
Michael Linacre	Chief Officer	Profile

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