Tat Techno Correlations

TATT Stock

USD 22.07 0.06 0.27%

The current 90-days correlation between Tat Techno and Ehang Holdings is 0.09 (i.e., Significant diversification). The correlation of Tat Techno 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.

Tat Techno Correlation With Market

Average diversification

The correlation between Tat Techno 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 Tat Techno and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tat Techno. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Tat Stock please use our How to Invest in Tat Techno guide.

Moving together with Tat Stock

0.72	CW	Curtiss Wright	Pair Corr
0.82	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.85	ESLT	Elbit Systems	Pair Corr
0.91	CAE	CAE Inc	Pair Corr
0.61	CVU	CPI Aerostructures	Pair Corr
0.78	DRS	Leonardo DRS, Common	Pair Corr
0.76	ERJ	Embraer SA ADR	Pair Corr
0.7	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.87	HWM	Howmet Aerospace	Pair Corr
0.77	PKE	Park Electrochemical	Pair Corr
0.91	RDW	Redwire Corp	Pair Corr
0.9	TGI	Triumph Group Potential Growth	Pair Corr
0.68	WWD	Woodward	Pair Corr

Moving against Tat Stock

0.77	HII	Huntington Ingalls	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.46	EVTL	Vertical Aerospace Trending	Pair Corr
0.43	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.79	RGR	Sturm Ruger	Pair Corr
0.68	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.67	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.61	SIF	SIFCO Industries	Pair Corr
0.6	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.52	SPR	Spirit Aerosystems	Pair Corr
0.42	TXT	Textron Fiscal Year End 22nd of January 2025	Pair Corr
0.84	LILMW	Lilium Equity Warrants	Pair Corr
0.76	KITT	Nauticus Robotics Buyout Trend	Pair Corr
0.7	KITTW	Nauticus Robotics	Pair Corr
0.62	GPUS	Hyperscale Data, Symbol Change	Pair Corr

Related Correlations Analysis

	LILM	ACHR	EH	EVTL	RKLB	KTOS	AXON	LHX	HEI
LILM		-0.56	-0.45	0.63	-0.75	-0.45	-0.75	-0.7	-0.18	LILM
ACHR	-0.56		0.0	-0.02	0.86	0.57	0.79	0.28	0.6	ACHR
EH	-0.45	0.0		-0.52	0.31	0.51	0.33	0.72	-0.07	EH
EVTL	0.63	-0.02	-0.52		-0.43	-0.4	-0.49	-0.68	-0.2	EVTL
RKLB	-0.75	0.86	0.31	-0.43		0.76	0.95	0.59	0.69	RKLB
KTOS	-0.45	0.57	0.51	-0.4	0.76		0.8	0.78	0.67	KTOS
AXON	-0.75	0.79	0.33	-0.49	0.95	0.8		0.68	0.69	AXON
LHX	-0.7	0.28	0.72	-0.68	0.59	0.78	0.68		0.27	LHX
HEI	-0.18	0.6	-0.07	-0.2	0.69	0.67	0.69	0.27		HEI
	LILM	ACHR	EH	EVTL	RKLB	KTOS	AXON	LHX	HEI

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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

AXON	+ 0.95	RKLB
RKLB	+ 0.86	ACHR
AXON	+ 0.8	KTOS
AXON	+ 0.79	ACHR
LHX	+ 0.78	KTOS
KTOS	+ 0.76	RKLB

High negative correlations

AXON	- 0.75	LILM
RKLB	- 0.75	LILM
LHX	- 0.7	LILM
LHX	- 0.68	EVTL
ACHR	- 0.56	LILM
EVTL	- 0.52	EH

Risk-Adjusted Indicators

There is a big difference between Tat Stock performing well and Tat Techno 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 Tat Techno'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
LILM	10.74	(1.61)	0.00	(0.55)	0.00	0.00	16.05	(31.43)	126.32
ACHR	4.45	1.09	0.32	0.67	2.80	(6.13)	14.23	(5.57)	27.32
EH	4.62	0.15	0.02	0.38	5.54	(4.99)	10.49	(7.07)	38.09
EVTL	6.38	0.08	0.02	0.16	6.76	(7.80)	13.59	(11.43)	35.76
RKLB	4.13	2.02	0.68	0.85	2.04	(5.07)	12.54	(4.56)	36.25
KTOS	1.83	0.15	0.08	0.22	2.28	(1.94)	4.37	(3.43)	17.86
AXON	1.63	0.73	0.52	0.62	0.61	(1.98)	3.52	(2.69)	32.08
LHX	0.98	0.04	0.00	0.19	1.28	(1.04)	2.19	(1.78)	8.70
HEI	1.13	0.02	0.02	0.14	1.27	(1.17)	2.49	(2.16)	6.49

Tat Techno Corporate Management

Lars Hesbjerg	Vice Sales	Profile
Eitan Shabtay	EVP Technologies	Profile
Ohad Milo	Pres Gedera	Profile
Yair Raz	Executive Strategy	Profile
Ehud BenYair	Chief Officer	Profile

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