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
- $361.61
- Market cap
- $379.2B
- 23-day vol
- 28.5%
- 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 20.4%Subsector 5.5%Stock-specific 50.6%
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 | $-0.15 | $-1.24 | — | 43.9% |
| L3 | $-0.10 | $-0.70 | $-0.58 | 49.4% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
Go deeper on GE
Ask the AI risk analyst for GE's full history, peer comparison, or how it changes your portfolio's risk.