CAE Inc. Common Shares (CAE) — Stock Correlations & Overview
Over the past year, CAE has moved most closely with NATO, ITA, TIGR. Explore the stocks most correlated and inversely correlated with CAE below, along with its price, financials, and company profile.
Stocks correlated with CAE
Correlation of daily returns. Higher positive values move with CAE; negative values move opposite it. Informational only, not investment advice.
Most correlated with CAE
| Symbol | Company | Correlation |
|---|---|---|
| NATO | Themes Transatlantic Defense ETF | 0.49 |
| ITA | iShares U.S. Aerospace & Defense ETF | 0.48 |
| TIGR | UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares | 0.48 |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X ETF | 0.48 |
| GCAD | Gabelli Commercial Aerospace and Defense ETF | 0.47 |
Most inversely correlated with CAE
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.41 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.41 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.40 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.40 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.40 |
Frequently asked questions about CAE correlations
- Which stocks are most correlated with CAE?
- Based on one year of daily returns, the stocks most correlated with CAE Inc. Common Shares (CAE) are NATO (0.49), ITA (0.48) and TIGR (0.48). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CAE?
- Over the past year, the stocks most inversely correlated with CAE Inc. Common Shares (CAE) are JETD (-0.41), EFZ (-0.41) and SARK (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CAE correlations calculated?
- We compute the correlation of daily returns between CAE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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