Lockheed Martin Correlations

LMT Stock

ARS 47,280 920.00 1.91%

The current 90-days correlation between Lockheed Martin Corp and IRSA Inversiones y is 0.06 (i.e., Significant diversification). The correlation of Lockheed Martin 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.

Lockheed Martin Correlation With Market

Very poor diversification

The correlation between Lockheed Martin Corp and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lockheed Martin Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lockheed Martin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lockheed Martin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lockheed Martin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lockheed Martin Corp to buy it.

Moving together with Lockheed Stock

0.73	BBD	Banco Bradesco DRC	Pair Corr
0.83	PBR	Petrleo Brasileiro Earnings Call This Week	Pair Corr
0.86	AKO-B	Embotelladora Andina	Pair Corr
0.96	CVX	Chevron Corp CEDEAR	Pair Corr
0.78	TV	Grupo Televisa SAB	Pair Corr
0.67	VISTD	Vista Energy SAB	Pair Corr
0.89	NEM	Newmont	Pair Corr
0.83	MRK	Merck Company	Pair Corr
0.77	WMT	Walmart	Pair Corr
0.95	EDSH	Edesa Holding SA	Pair Corr
0.63	BSBR	Banco Santander Brasil	Pair Corr
0.62	PG	Procter Gamble DRC	Pair Corr
0.72	BIDU	Baidu Inc	Pair Corr
0.66	KO	Coca Cola	Pair Corr
0.77	HD	Home Depot CEDEAR	Pair Corr
0.67	VIST	Vista Energy SAB	Pair Corr
0.86	MO	Altria Group	Pair Corr
0.93	BHP	BHP Group Limited	Pair Corr
0.78	BYMA	Bolsas y Mercados	Pair Corr
0.93	ABEV	Ambev SA	Pair Corr

Moving against Lockheed Stock

0.75	AAPL	Apple Inc DRC	Pair Corr
0.52	HAVA	Havanna Holding SA	Pair Corr
0.33	CVH	Cablevision Holding Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TRAN	IRSA	PG	ABEV	GOOGL	KO	HAVA	MRK	HD
TRAN		-0.2	0.18	0.08	-0.22	0.24	-0.22	0.08	-0.02	TRAN
IRSA	-0.2		-0.08	0.23	0.72	-0.11	0.35	0.26	0.43	IRSA
PG	0.18	-0.08		0.76	-0.05	0.95	-0.58	0.63	0.54	PG
ABEV	0.08	0.23	0.76		0.17	0.79	-0.55	0.84	0.74	ABEV
GOOGL	-0.22	0.72	-0.05	0.17		-0.03	0.34	0.34	0.6	GOOGL
KO	0.24	-0.11	0.95	0.79	-0.03		-0.62	0.68	0.55	KO
HAVA	-0.22	0.35	-0.58	-0.55	0.34	-0.62		-0.55	-0.26	HAVA
MRK	0.08	0.26	0.63	0.84	0.34	0.68	-0.55		0.75	MRK
HD	-0.02	0.43	0.54	0.74	0.6	0.55	-0.26	0.75		HD
	TRAN	IRSA	PG	ABEV	GOOGL	KO	HAVA	MRK	HD

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

KO	+ 0.95	PG
MRK	+ 0.84	ABEV
KO	+ 0.79	ABEV
ABEV	+ 0.76	PG
HD	+ 0.75	MRK
HD	+ 0.74	ABEV

High negative correlations

HAVA	- 0.62	KO
HAVA	- 0.58	PG
MRK	- 0.55	HAVA
HAVA	- 0.55	ABEV
HD	- 0.26	HAVA
HAVA	- 0.22	TRAN

Risk-Adjusted Indicators

There is a big difference between Lockheed Stock performing well and Lockheed Martin 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 Lockheed Martin'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
TRAN	2.42	0.17	0.03	0.51	3.79	(2.31)	5.00	(5.29)	17.44
IRSA	1.64	0.03	(0.01)	0.32	1.94	(1.91)	4.59	(3.35)	10.99
PG	1.06	0.12	0.03	14.01	1.29	(1.12)	2.22	(2.15)	7.02
ABEV	1.23	0.31	0.18	0.91	1.13	(1.61)	3.12	(2.36)	7.50
GOOGL	1.11	0.12	0.04	1.59	1.06	(1.39)	2.40	(1.99)	11.42
KO	0.91	0.13	0.07	1.25	0.80	(1.17)	2.16	(1.78)	5.31
HAVA	1.51	(0.12)	0.00	1.12	0.00	0.00	2.87	(2.85)	9.58
MRK	1.41	0.33	0.16	1.36	1.38	(1.71)	3.14	(2.37)	11.95
HD	1.30	0.13	0.04	0.63	1.58	(1.34)	2.91	(2.54)	7.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lockheed Martin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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