Moog Correlations

MOG-A Stock

USD 221.27 1.29 0.59%

The current 90-days correlation between Moog Inc and V2X Inc is 0.6 (i.e., Poor diversification). The correlation of Moog 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.

Moog Correlation With Market

Poor diversification

The correlation between Moog Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moog Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Moog Inc. 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.

Moving together with Moog Stock

0.76	CW	Curtiss Wright	Pair Corr
0.73	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.74	ESLT	Elbit Systems	Pair Corr
0.76	CAE	CAE Inc	Pair Corr
0.74	DCO	Ducommun Incorporated	Pair Corr
0.91	DRS	Leonardo DRS, Common	Pair Corr
0.76	ERJ	Embraer SA ADR	Pair Corr
0.73	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.9	HWM	Howmet Aerospace	Pair Corr
0.62	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.7	PKE	Park Electrochemical	Pair Corr
0.76	RDW	Redwire Corp	Pair Corr
0.77	TGI	Triumph Group Potential Growth	Pair Corr
0.87	WWD	Woodward	Pair Corr

Moving against Moog Stock

0.73	HII	Huntington Ingalls	Pair Corr
0.71	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.57	SIF	SIFCO Industries	Pair Corr
0.57	SPR	Spirit Aerosystems	Pair Corr
0.46	EVTL	Vertical Aerospace Trending	Pair Corr
0.43	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.4	SVT	Servotronics	Pair Corr
0.36	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.76	LILMW	Lilium Equity Warrants	Pair Corr
0.71	SIDU	Sidus Space	Pair Corr
0.67	KITTW	Nauticus Robotics	Pair Corr
0.61	KITT	Nauticus Robotics Buyout Trend	Pair Corr
0.57	AIRI	Air Industries Group Earnings Call This Week	Pair Corr
0.56	ATRO	Astronics	Pair Corr
0.39	HOVRW	New Horizon Aircraft Symbol Change	Pair Corr
0.38	POWWP	Ammo Preferred	Pair Corr
0.34	KWESW	KWESST Micro Systems	Pair Corr

Related Correlations Analysis

	VVX	NPK	KAMN	WWD	HXL	DCO	MRCY	AIR	CW
VVX		0.01	0.54	0.33	0.19	0.19	0.16	-0.32	0.89	VVX
NPK	0.01		0.41	0.62	0.48	0.56	0.59	0.65	0.22	NPK
KAMN	0.54	0.41		0.59	-0.02	0.25	0.35	0.02	0.73	KAMN
WWD	0.33	0.62	0.59		0.22	0.73	0.77	0.58	0.61	WWD
HXL	0.19	0.48	-0.02	0.22		0.21	0.04	0.09	0.09	HXL
DCO	0.19	0.56	0.25	0.73	0.21		0.81	0.69	0.4	DCO
MRCY	0.16	0.59	0.35	0.77	0.04	0.81		0.69	0.41	MRCY
AIR	-0.32	0.65	0.02	0.58	0.09	0.69	0.69		-0.02	AIR
CW	0.89	0.22	0.73	0.61	0.09	0.4	0.41	-0.02		CW
	VVX	NPK	KAMN	WWD	HXL	DCO	MRCY	AIR	CW

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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

CW	+ 0.89	VVX
MRCY	+ 0.81	DCO
MRCY	+ 0.77	WWD
CW	+ 0.73	KAMN
DCO	+ 0.73	WWD
AIR	+ 0.69	DCO

High negative correlations

AIR	- 0.32	VVX
CW	- 0.02	AIR
HXL	- 0.02	KAMN

Risk-Adjusted Indicators

There is a big difference between Moog Stock performing well and Moog 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 Moog'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
VVX	1.80	(0.11)	0.01	0.07	2.91	(1.80)	3.85	(3.74)	20.17
NPK	1.16	(0.08)	(0.03)	0.05	1.39	(1.23)	2.43	(2.44)	8.03
KAMN	1.85	0.17	0.00	(0.33)	2.21	(1.87)	5.37	(3.75)	14.48
WWD	1.23	(0.02)	0.00	0.10	1.59	(1.22)	2.58	(2.76)	6.12
HXL	1.18	(0.19)	0.00	(0.01)	0.00	0.00	2.35	(2.66)	6.19
DCO	1.31	(0.16)	(0.05)	0.02	1.55	(1.44)	2.90	(2.30)	8.32
MRCY	1.75	(0.17)	0.04	0.06	1.71	(2.26)	2.83	(3.14)	29.10
AIR	1.51	(0.09)	0.00	0.06	1.95	(1.68)	2.64	(3.52)	14.62
CW	1.24	0.08	0.07	0.17	1.67	(1.40)	2.96	(2.48)	11.02

Moog Corporate Management

Elwira Kelly	General VP	Profile
Joseph Alfieri	VP Defense	Profile
Michael Schaff	VP Aircraft	Profile
Stuart Mclachlan	VP Segment	Profile
Ann Luhr	Head Relations	Profile
Christopher Head	Secretary Counsel	Profile

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