Momentus Correlations

MNTS Stock

USD 0.58 0.02 3.57%

The current 90-days correlation between Momentus and Astra Space is 0.06 (i.e., Significant diversification). The correlation of Momentus 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.

Momentus Correlation With Market

Good diversification

The correlation between Momentus and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Momentus 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 Momentus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving against Momentus Stock

0.48	CVU	CPI Aerostructures	Pair Corr
0.32	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.32	EVEX	Eve Holding	Pair Corr
0.53	LILMW	Lilium Equity Warrants	Pair Corr
0.31	LUNR	Intuitive Machines Trending	Pair Corr

Related Correlations Analysis

	LLAP	ASTR	PL	RKLB	RDW	SPCE	LUNR	SIDU
LLAP		-0.1	0.02	0.02	0.08	0.2	0.01	-0.05	LLAP
ASTR	-0.1		-0.36	-0.67	-0.68	-0.65	-0.54	0.59	ASTR
PL	0.02	-0.36		0.69	0.71	0.27	0.57	-0.52	PL
RKLB	0.02	-0.67	0.69		0.81	0.33	0.75	-0.91	RKLB
RDW	0.08	-0.68	0.71	0.81		0.53	0.88	-0.72	RDW
SPCE	0.2	-0.65	0.27	0.33	0.53		0.28	-0.27	SPCE
LUNR	0.01	-0.54	0.57	0.75	0.88	0.28		-0.73	LUNR
SIDU	-0.05	0.59	-0.52	-0.91	-0.72	-0.27	-0.73		SIDU
	LLAP	ASTR	PL	RKLB	RDW	SPCE	LUNR	SIDU

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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

LUNR	+ 0.88	RDW
RDW	+ 0.81	RKLB
LUNR	+ 0.75	RKLB
RDW	+ 0.71	PL
RKLB	+ 0.69	PL
SIDU	+ 0.59	ASTR

High negative correlations

SIDU	- 0.91	RKLB
SIDU	- 0.73	LUNR
SIDU	- 0.72	RDW
RDW	- 0.68	ASTR
RKLB	- 0.67	ASTR
SPCE	- 0.65	ASTR

Risk-Adjusted Indicators

There is a big difference between Momentus Stock performing well and Momentus 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 Momentus' 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
LLAP	1.47	(0.05)	0.00	0.58	0.00	0.00	4.17	(4.00)	11.57
ASTR	2.55	(0.14)	0.00	(0.08)	0.00	0.00	5.17	(7.35)	15.15
PL	3.32	0.06	0.05	0.12	5.82	(3.65)	7.62	(6.18)	37.79
RKLB	4.25	1.66	0.50	0.70	2.57	(5.15)	12.54	(4.74)	36.25
RDW	3.48	0.95	0.22	(2.16)	3.16	(4.37)	8.12	(6.07)	20.40
SPCE	3.70	0.20	(0.01)	(0.03)	4.45	(3.87)	9.21	(7.06)	28.44
LUNR	6.02	1.87	0.32	(58.41)	4.71	(7.58)	15.99	(7.05)	51.34
SIDU	4.47	(1.02)	0.00	(0.44)	0.00	0.00	7.56	(10.51)	64.78

Momentus Corporate Management

Lon Ensler	Interim Officer	Profile
Chris Kinman	Chief Officer	Profile
Karen Plonty	Chief Officer	Profile
Jikun Kim	Chief Officer	Profile
Rob Schwarz	CTO Operations	Profile
Eric Williams	Principal Officer	Profile

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