ACHR (ACHR)
Daily ERM3 factor decomposition: how much of ACHR's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $4.95
- Market cap
- $3.8B
- 23-day vol
- 93.4%
- Sector proxy
- XLI
- Subsector proxy
- PPA
Risk DNA
34% of ACHR's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 26.7%Sector 0.0%Subsector 7.2%Stock-specific 66.2%
ETF hedge ratios
Dollars of ETF to short per $1 of ACHR held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLI) | Subsector (PPA) | Explained risk |
|---|---|---|---|---|
| L1 | $-2.91 | — | — | 26.7% |
| L2 | $-2.53 | $-0.41 | — | 26.7% |
| L3 | $-2.45 | $0.52 | $-0.99 | 33.8% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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