Lockheed Martin Correlations

LMT Stock

USD 664.20 3.58 0.54%

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 0.78 (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 state.

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

Moving together with Lockheed Stock

0.83	BA	Boeing	Pair Corr
0.96	CW	Curtiss Wright	Pair Corr
0.69	GD	General Dynamics	Pair Corr
0.95	MO7R	MOOG INC CL	Pair Corr
0.73	O1U1	PENGUIN INTL LTD	Pair Corr
0.89	HXL	Hexcel	Pair Corr
0.72	SEJ1	Safran SA	Pair Corr
0.65	CE9	CAE Inc	Pair Corr
0.95	SNR	Senior PLC Earnings Call This Week	Pair Corr
0.86	EMBJ	Embraer SA Symbol Change	Pair Corr
0.88	ST2	Sturm Ruger Earnings Call This Week	Pair Corr
0.9	HI4	Huntington Ingalls	Pair Corr
0.81	BSP	BAE Systems plc	Pair Corr
0.9	ESLT	Elbit Systems	Pair Corr
0.8	EMY	Embraer SA	Pair Corr
0.83	RRU1	ROLLS ROYCE HADR Earnings Call This Week	Pair Corr
0.95	MO7A	Moog Inc	Pair Corr
0.94	CWT	Curtiss Wright	Pair Corr
0.77	TXT	Textron	Pair Corr
0.98	AIR	AAR Corp	Pair Corr
0.83	BSP	BAE Systems plc	Pair Corr
0.62	CAE	CAE Inc	Pair Corr
0.78	2VZ	LEONARDO DRS INC Earnings Call Today	Pair Corr
0.7	CVU	CPI Aerostructures	Pair Corr
0.98	DCO	Ducommun Incorporated	Pair Corr
0.84	DRS	Leonardo DRS Common	Pair Corr
0.75	BBD	BOMBARDIER INC CL	Pair Corr

Moving against Lockheed Stock

0.66	EH	Ehang Holdings	Pair Corr
0.59	HCL	Highcom Earnings Call Tomorrow	Pair Corr
0.32	PSN	Parsons Corp	Pair Corr

Related Correlations Analysis

	GD	NOC	ADP	HON	PH	DE	LHX	BA	TDG	TT
GD		0.71	-0.13	0.6	0.61	0.43	0.84	0.82	0.57	0.04	GD
NOC	0.71		-0.7	0.97	0.92	0.88	0.95	0.81	0.19	0.63	NOC
ADP	-0.13	-0.7		-0.78	-0.7	-0.89	-0.5	-0.3	0.32	-0.95	ADP
HON	0.6	0.97	-0.78		0.94	0.93	0.89	0.78	0.03	0.73	HON
PH	0.61	0.92	-0.7	0.94		0.89	0.87	0.82	0.05	0.65	PH
DE	0.43	0.88	-0.89	0.93	0.89		0.75	0.57	-0.1	0.84	DE
LHX	0.84	0.95	-0.5	0.89	0.87	0.75		0.91	0.37	0.4	LHX
BA	0.82	0.81	-0.3	0.78	0.82	0.57	0.91		0.36	0.2	BA
TDG	0.57	0.19	0.32	0.03	0.05	-0.1	0.37	0.36		-0.36	TDG
TT	0.04	0.63	-0.95	0.73	0.65	0.84	0.4	0.2	-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	+ 0.97	NOC
LHX	+ 0.95	NOC
PH	+ 0.94	HON
DE	+ 0.93	HON
PH	+ 0.92	NOC
BA	+ 0.91	LHX

High negative correlations

TT	- 0.95	ADP
DE	- 0.89	ADP
HON	- 0.78	ADP
PH	- 0.7	ADP
ADP	- 0.7	NOC
LHX	- 0.5	ADP

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	1.11	(0.02)	(0.02)	0.04	1.46	(1.12)	2.28	(2.71)	7.72
NOC	1.35	0.37	0.20	0.81	1.38	(1.60)	3.38	(1.87)	9.88
ADP	1.10	(0.35)	0.00	(0.32)	0.00	0.00	1.76	(3.50)	7.52
HON	1.01	0.27	0.24	0.37	0.81	(1.22)	2.03	(1.93)	6.08
PH	0.96	0.25	0.23	0.32	0.75	(1.07)	2.41	(1.56)	5.24
DE	1.50	0.44	0.25	0.67	1.20	(1.77)	4.09	(2.36)	11.51
LHX	1.31	0.28	0.18	0.45	1.17	(1.59)	3.09	(2.27)	8.86
BA	1.33	0.25	0.14	0.44	1.28	(1.45)	2.79	(2.61)	13.27
TDG	1.09	(0.08)	0.00	(0.06)	0.00	0.00	1.76	(2.28)	12.34
TT	1.27	0.11	0.07	0.17	1.47	(1.30)	2.42	(2.56)	10.64

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