GE (GE)
Daily ERM3 factor decomposition: how much of GE's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $340.70
- Market cap
- $355.5B
- 23-day vol
- 26.6%
- Sector proxy
- XLI
- Subsector proxy
- PPA
Risk DNA
49% of GE's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 23.5%Sector 20.1%Subsector 5.6%Stock-specific 50.8%
ETF hedge ratios
Dollars of ETF to short per $1 of GE 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 | $-1.31 | — | — | 23.5% |
| L2 | $-0.11 | $-1.24 | — | 43.6% |
| L3 | $-0.07 | $-0.70 | $-0.58 | 49.2% |
Data as of July 22, 2026. Updated daily from the ERM3 pipeline.
Go deeper on GE
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