Kratos Defense Correlations

KTOS Stock

USD 33.65 0.90 2.75%

The current 90-days correlation between Kratos Defense Security and Huntington Ingalls Industries is 0.52 (i.e., Very weak diversification). The correlation of Kratos Defense is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Kratos Defense Correlation With Market

Modest diversification

The correlation between Kratos Defense Security and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kratos Defense Security and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kratos Defense Security. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Kratos Stock

0.93	ESLT	Elbit Systems	Pair Corr
0.9	CVU	CPI Aerostructures Downward Rally	Pair Corr
0.61	DCO	Ducommun Incorporated	Pair Corr
0.77	ERJ	Embraer SA ADR	Pair Corr
0.83	HWM	Howmet Aerospace	Pair Corr
0.91	HXL	Hexcel	Pair Corr
0.68	NPK	National Presto Indu	Pair Corr
0.78	RDW	Redwire Corp	Pair Corr
0.63	SPR	Spirit Aerosystems Earnings Call This Week	Pair Corr
0.84	WWD	Woodward	Pair Corr
0.68	MNTSW	Momentus	Pair Corr

Moving against Kratos Stock

0.51	HEI	Heico	Pair Corr
0.52	KWE	KWESST Micro Systems	Pair Corr
0.52	LMT	Lockheed Martin	Pair Corr
0.48	LHX	L3Harris Technologies	Pair Corr
0.47	RGR	Sturm Ruger	Pair Corr
0.42	TXT	Textron	Pair Corr
0.4	VVX	V2X Inc	Pair Corr
0.7	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.7	OPXS	Optex Systems Holdings,	Pair Corr
0.44	MNTS	Momentus	Pair Corr
0.32	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	NOC	GD	RTX	HII	LMT	AXON	EVEX	LHX	HEI	MRCY
NOC		0.76	0.61	0.65	0.81	-0.32	-0.76	0.8	0.46	-0.01	NOC
GD	0.76		0.47	0.38	0.55	-0.22	-0.58	0.66	0.42	-0.03	GD
RTX	0.61	0.47		0.74	0.17	0.12	-0.21	0.26	0.09	0.27	RTX
HII	0.65	0.38	0.74		0.31	0.01	-0.25	0.32	0.09	0.49	HII
LMT	0.81	0.55	0.17	0.31		-0.25	-0.88	0.96	0.75	-0.2	LMT
AXON	-0.32	-0.22	0.12	0.01	-0.25		0.39	-0.17	0.25	0.21	AXON
EVEX	-0.76	-0.58	-0.21	-0.25	-0.88	0.39		-0.9	-0.66	0.35	EVEX
LHX	0.8	0.66	0.26	0.32	0.96	-0.17	-0.9		0.82	-0.22	LHX
HEI	0.46	0.42	0.09	0.09	0.75	0.25	-0.66	0.82		-0.27	HEI
MRCY	-0.01	-0.03	0.27	0.49	-0.2	0.21	0.35	-0.22	-0.27		MRCY
	NOC	GD	RTX	HII	LMT	AXON	EVEX	LHX	HEI	MRCY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LHX	+ 0.96	LMT
HEI	+ 0.82	LHX
LMT	+ 0.81	NOC
LHX	+ 0.8	NOC
GD	+ 0.76	NOC
HEI	+ 0.75	LMT

High negative correlations

LHX	- 0.9	EVEX
EVEX	- 0.88	LMT
EVEX	- 0.76	NOC
HEI	- 0.66	EVEX
EVEX	- 0.58	GD
AXON	- 0.32	NOC

Risk-Adjusted Indicators

There is a big difference between Kratos Stock performing well and Kratos Defense Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kratos Defense's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NOC	1.00	(0.11)	0.00	(0.16)	0.00	0.00	2.00	(2.63)	7.87
GD	1.06	(0.27)	0.00	(0.54)	0.00	0.00	1.65	(2.69)	10.86
RTX	1.06	0.11	0.04	0.36	1.31	(1.12)	2.64	(2.51)	6.80
HII	1.32	0.04	(0.01)	0.20	1.67	(1.40)	2.82	(2.65)	9.41
LMT	1.07	(0.30)	0.00	(0.74)	0.00	0.00	1.95	(3.28)	12.44
AXON	2.08	0.69	0.28	0.75	1.79	(2.38)	4.18	(3.40)	35.24
EVEX	3.80	1.14	0.24	11.87	3.94	(4.48)	7.87	(5.06)	31.98
LHX	1.13	(0.29)	0.00	(0.49)	0.00	0.00	2.15	(2.60)	7.43
HEI	1.25	(0.07)	0.00	(0.17)	0.00	0.00	2.51	(3.13)	12.63
MRCY	1.98	0.32	0.13	0.53	1.94	(2.28)	3.16	(3.76)	29.10

Kratos Defense Corporate Executives

Elected by the shareholders, the Kratos Defense's board of directors comprises two types of representatives: Kratos Defense inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kratos. The board's role is to monitor Kratos Defense's management team and ensure that shareholders' interests are well served. Kratos Defense's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kratos Defense's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Deanna CPA	CFO VP	Profile
	Deanna Lund	CFO and Executive VP	Profile

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