Lockheed Martin Correlations

LMT Stock

USD 639.46 5.24 0.83%

The current 90-days correlation between Lockheed Martin and General Dynamics is 0.48 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lockheed Martin Correlation With Market

Poor diversification

The correlation between Lockheed Martin and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lockheed Martin and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lockheed Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lockheed Martin. 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.

For more information on how to buy Lockheed Stock please use our How to Invest in Lockheed Martin guide.

Moving together with Lockheed Stock

0.81	VOYG	Voyager Technologies	Pair Corr
0.94	DCO	Ducommun Incorporated	Pair Corr
0.91	NPK	National Presto Indu	Pair Corr
0.91	PKE	Park Electrochemical	Pair Corr
0.94	RTX	Raytheon Technologies	Pair Corr
0.74	TXT	Textron	Pair Corr
0.94	VVX	V2X Inc	Pair Corr
0.94	22F	Firan Technology	Pair Corr
0.94	FTG	Firan Technology	Pair Corr
0.95	ATRO	Astronics	Pair Corr
0.87	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.82	THSGF	Thesis Gold	Pair Corr
0.79	EVGPF	Evergrande Property	Pair Corr
0.71	YASKY	Yaskawa Electric Corp	Pair Corr
0.73	ITOCY	Itochu Corp ADR Earnings Call This Week	Pair Corr
0.66	PLAG	Planet Green Holdings	Pair Corr
0.89	CSTM	Constellium Nv Potential Growth	Pair Corr
0.83	CBTN	Citizens Bancorp Inv	Pair Corr
0.71	PFRRF	PetroFrontier Corp Earnings Call Today	Pair Corr
0.82	HGKGY	Power Assets Holdings	Pair Corr
0.64	JWLLF	Jamieson Wellness	Pair Corr

Moving against Lockheed Stock

0.84	PBCRY	Bank Central Asia	Pair Corr
0.66	SPCE	Virgin Galactic Holdings	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr
0.42	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	GD	NOC	ADP	HON	PH	DE	LHX	BA	TDG	TT
GD		0.86	0.1	0.85	0.56	0.76	0.9	0.81	0.76	-0.28	GD
NOC	0.86		-0.02	0.95	0.63	0.88	0.95	0.86	0.81	-0.28	NOC
ADP	0.1	-0.02		0.04	-0.04	-0.1	-0.01	0.31	-0.09	-0.23	ADP
HON	0.85	0.95	0.04		0.62	0.87	0.94	0.86	0.75	-0.25	HON
PH	0.56	0.63	-0.04	0.62		0.66	0.71	0.69	0.65	-0.75	PH
DE	0.76	0.88	-0.1	0.87	0.66		0.85	0.69	0.78	-0.32	DE
LHX	0.9	0.95	-0.01	0.94	0.71	0.85		0.89	0.8	-0.39	LHX
BA	0.81	0.86	0.31	0.86	0.69	0.69	0.89		0.71	-0.52	BA
TDG	0.76	0.81	-0.09	0.75	0.65	0.78	0.8	0.71		-0.36	TDG
TT	-0.28	-0.28	-0.23	-0.25	-0.75	-0.32	-0.39	-0.52	-0.36		TT
	GD	NOC	ADP	HON	PH	DE	LHX	BA	TDG	TT

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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

HON	+ 0.95	NOC
LHX	+ 0.95	NOC
LHX	+ 0.94	HON
LHX	+ 0.9	GD
BA	+ 0.89	LHX
DE	+ 0.88	NOC

High negative correlations

TT	- 0.75	PH
TT	- 0.52	BA
TT	- 0.39	LHX
TT	- 0.36	TDG
TT	- 0.32	DE
TT	- 0.28	NOC

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
GD	0.98	(0.04)	(0.03)	(0.01)	1.40	(0.92)	1.99	(2.23)	7.72
NOC	1.18	0.21	0.13	0.34	1.38	(1.39)	2.85	(1.69)	9.88
ADP	0.96	(0.21)	0.00	(0.23)	0.00	0.00	1.69	(2.05)	6.58
HON	1.02	0.15	0.13	0.18	0.96	(1.18)	2.22	(1.93)	5.31
PH	1.07	0.26	0.26	0.32	0.71	(1.30)	2.46	(1.57)	9.94
DE	1.18	0.14	0.08	0.23	1.52	(1.25)	2.70	(2.07)	7.96
LHX	1.33	0.22	0.15	0.24	1.28	(1.63)	3.09	(2.29)	7.10
BA	1.37	0.06	0.02	0.11	1.92	(1.38)	2.79	(3.18)	13.27
TDG	0.86	0.07	0.04	0.31	0.95	(0.89)	1.70	(1.73)	5.06
TT	1.17	(0.04)	0.00	(0.03)	0.00	0.00	2.26	(2.74)	7.87

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