Loar Holdings Correlations

LOAR Stock

88.83 0.42 0.47%

The current 90-days correlation between Loar Holdings and Fevertree Drinks Plc is 0.14 (i.e., Average diversification). The correlation of Loar Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Loar Holdings Correlation With Market

Modest diversification

The correlation between Loar Holdings and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loar Holdings 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 Loar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Loar Stock, please use our How to Invest in Loar Holdings guide.

Moving together with Loar Stock

0.76	CW	Curtiss Wright	Pair Corr
0.61	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.86	ESLT	Elbit Systems	Pair Corr
0.63	CAE	CAE Inc	Pair Corr
0.75	DRS	Leonardo DRS, Common	Pair Corr
0.73	HWM	Howmet Aerospace	Pair Corr
0.66	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.79	PKE	Park Electrochemical	Pair Corr
0.79	RDW	Redwire Corp	Pair Corr
0.74	TGI	Triumph Group Potential Growth	Pair Corr
0.61	VVX	V2X Inc	Pair Corr

Moving against Loar Stock

0.81	HII	Huntington Ingalls	Pair Corr
0.55	EVTL	Vertical Aerospace Trending	Pair Corr
0.51	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.77	SIF	SIFCO Industries	Pair Corr
0.69	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.66	RGR	Sturm Ruger	Pair Corr
0.62	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.6	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.57	TXT	Textron Fiscal Year End 22nd of January 2025	Pair Corr
0.46	SPR	Spirit Aerosystems	Pair Corr
0.67	POWWP	Ammo Preferred	Pair Corr
0.66	KITTW	Nauticus Robotics	Pair Corr
0.6	KITT	Nauticus Robotics Buyout Trend	Pair Corr
0.57	LILMW	Lilium Equity Warrants	Pair Corr

Related Correlations Analysis

	FSI	FIZZ	FQVTF	ORGN	FHBC	AVNT	STBFY
FSI		0.7	-0.81	-0.59	0.0	0.61	-0.85	FSI
FIZZ	0.7		-0.66	-0.54	0.0	0.75	-0.65	FIZZ
FQVTF	-0.81	-0.66		0.58	0.0	-0.61	0.75	FQVTF
ORGN	-0.59	-0.54	0.58		0.0	-0.35	0.79	ORGN
FHBC	0.0	0.0	0.0	0.0		0.0	0.0	FHBC
AVNT	0.61	0.75	-0.61	-0.35	0.0		-0.55	AVNT
STBFY	-0.85	-0.65	0.75	0.79	0.0	-0.55		STBFY
	FSI	FIZZ	FQVTF	ORGN	FHBC	AVNT	STBFY

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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

STBFY	+ 0.79	ORGN
AVNT	+ 0.75	FIZZ
STBFY	+ 0.75	FQVTF
FIZZ	+ 0.7	FSI
AVNT	+ 0.61	FSI
ORGN	+ 0.58	FQVTF

High negative correlations

STBFY	- 0.85	FSI
FQVTF	- 0.81	FSI
FQVTF	- 0.66	FIZZ
STBFY	- 0.65	FIZZ
AVNT	- 0.61	FQVTF
ORGN	- 0.59	FSI

Risk-Adjusted Indicators

There is a big difference between Loar Stock performing well and Loar Holdings 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 Loar Holdings' 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
FSI	2.33	0.31	0.06	1.30	2.96	(2.67)	6.31	(4.52)	22.22
FIZZ	0.95	0.10	0.02	0.37	1.05	(0.99)	2.21	(1.89)	6.35
FQVTF	1.17	(0.48)	0.00	(1.33)	0.00	0.00	2.03	(3.29)	8.63
ORGN	3.11	(0.39)	0.00	(0.07)	0.00	0.00	8.70	(6.99)	26.74
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVNT	1.40	(0.10)	(0.01)	0.06	1.54	(1.50)	2.92	(2.41)	7.68
STBFY	1.11	(0.07)	0.00	0.42	0.00	0.00	1.93	(2.71)	5.47

Loar Holdings Corporate Executives

Elected by the shareholders, the Loar Holdings' board of directors comprises two types of representatives: Loar Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Loar. The board's role is to monitor Loar Holdings' management team and ensure that shareholders' interests are well served. Loar Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Loar Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Glenn DAlessandro

Treasurer CFO

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