Pair Trades for SPR (NYSE) - Spirit Aerosystems Holdings Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| RTX nyse | 84.3% | -2.61 | Aerospace & Defense |
| SPCE nyse | 78.6% | -6.80 | Aerospace & Defense |
| TGI nyse | 78.4% | -1.85 | Aerospace & Defense |
| LHX nyse | 73.0% | -0.43 | Aerospace & Defense |
| LMT nyse | 70.4% | -1.08 | Aerospace & Defense |
| MRCY nasdaq | 68.8% | -3.06 | Aerospace & Defense |
| LUNR nasdaq | 51.4% | -9.53 | Aerospace & Defense |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| BWXT nyse | -74.7% | 1.13 | Aerospace & Defense |
| ACHR nyse | -64.7% | 5.52 | Aerospace & Defense |
| DRS nasdaq | -56.8% | 1.01 | Aerospace & Defense |
| KTOS nasdaq | -54.5% | 2.58 | Aerospace & Defense |
| EH nasdaq | -46.3% | 4.20 | Aerospace & Defense |
| TXT nyse | -46.0% | 0.82 | Aerospace & Defense |
| HWM nyse | -43.5% | 0.62 | Aerospace & Defense |
| AXON nasdaq | -12.9% | 0.38 | Aerospace & Defense |
| ERJ nyse | -9.8% | -0.15 | Aerospace & Defense |
| GD nyse | -1.0% | 0.71 | Aerospace & Defense |
| HXL nyse | 8.7% | -1.64 | Aerospace & Defense |
| NOC nyse | 21.1% | -0.43 | Aerospace & Defense |
| BA nyse | 21.9% | -0.41 | Aerospace & Defense |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| TPIC nasdaq | 84.6% | -16.82 | Heavy Electrical Equ.. |
| RTX nyse | 84.3% | -2.61 | Aerospace & Defense |
| ASTR nasdaq | 81.1% | -13.80 | Industrial Machinery.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| STRL nasdaq | -77.3% | 2.25 | Construction & Engin.. |
| VRSK nasdaq | -76.7% | 0.17 | Research & Consultin.. |
| VRT nyse | -76.6% | 7.05 | Electrical Component.. |
| BWXT nyse | -74.7% | 1.13 | Aerospace & Defense |
| XPO nyse | -73.2% | 5.16 | Air Freight & Logist.. |
| ROAD nasdaq | -70.4% | 3.02 | Construction & Engin.. |
| GASS nasdaq | -70.0% | 6.85 | Oil & Gas Storage &.. |
| CRS nyse | -68.9% | 2.72 | Steel |
| ETN nyse | -68.7% | 1.56 | Electrical Component.. |
| KEX nyse | -68.5% | -0.37 | Marine Transportatio.. |
| WWD nasdaq | -67.8% | 1.21 | Industrial Machinery.. |
| J nyse | -66.8% | 0.09 | Construction & Engin.. |
| SKYW nasdaq | -66.7% | 3.52 | Passenger Airlines |
| SAIA nasdaq | -66.0% | 2.88 | Trucking |
| OC nyse | -65.8% | 1.18 | Building Products |
| FIX nyse | -65.7% | 1.73 | Construction & Engin.. |
| MSM nyse | -65.2% | -0.02 | Trading Companies &.. |
| CTAS nasdaq | -64.9% | 0.90 | Diversified Support.. |
| ACHR nyse | -64.7% | 5.52 | Aerospace & Defense |
| RSG nyse | -63.3% | 0.45 | Environmental & Faci.. |
| BAH nyse | -62.3% | 1.67 | IT Consulting & Othe.. |
| SCS nyse | -61.8% | 4.89 | Office Services & Su.. |
| SFL nyse | -61.7% | 2.12 | Oil & Gas Storage &.. |
| HUBB nyse | -61.6% | -0.43 | Electrical Component.. |
| ARLO nyse | -61.5% | -1.63 | Electronic Equipment.. |