Momentus Correlations

MNTSW Stock

USD 0.01 0 7.87%

The current 90-days correlation between Momentus and Astrotech Corp is 0.32 (i.e., Weak 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 -0.11 (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.

Build AI portfolio with Momentus Stock

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 main economic indicators.

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

Moving against Momentus Stock

0.54	CE3	Chongqing Machinery	Pair Corr
0.49	OSG	OSG Corporation	Pair Corr
0.48	MBH3	Maschinenfabrik Berthold	Pair Corr
0.41	0ACC	Accelleron Industries	Pair Corr
0.41	PH	Parker Hannifin	Pair Corr
0.41	EAAS	Eenergy Group PLC	Pair Corr
0.38	IR	Ingersoll Rand	Pair Corr
0.38	IMI1	IMI plc Earnings Call This Week	Pair Corr
0.37	GCP	General Electric	Pair Corr
0.37	STGN	Starrag Group Holding	Pair Corr
0.35	HI	Hillenbrand	Pair Corr
0.32	4RX0	ZURN ELKAY WATER	Pair Corr
0.31	HY	Hyster Yale Materials Earnings Call This Week	Pair Corr
0.56	QS2A	Smiths Group plc	Pair Corr
0.47	HI6	Haitian International	Pair Corr
0.44	1LNB	Spirax-Sarco Engineering	Pair Corr
0.42	DZR	AVINGTRANS LS 05	Pair Corr
0.42	ILT	Illinois Tool Works	Pair Corr
0.41	PFV	Pfeiffer Vacuum Tech	Pair Corr
0.4	RYO1	Ryobi Limited	Pair Corr
0.4	RFG	Roebuck Food Group	Pair Corr

Related Correlations Analysis

	ASTC	DFSC	SKK	PWDY	GLXG	CDTG	HIHO	LNKS	FLYX	FPAY
ASTC		0.13	0.29	-0.49	-0.1	0.65	0.5	-0.75	0.49	0.06	ASTC
DFSC	0.13		0.34	-0.53	0.79	0.61	0.22	-0.43	0.16	0.84	DFSC
SKK	0.29	0.34		-0.37	0.13	0.53	0.1	-0.47	0.49	0.2	SKK
PWDY	-0.49	-0.53	-0.37		-0.2	-0.79	-0.55	0.76	-0.5	-0.61	PWDY
GLXG	-0.1	0.79	0.13	-0.2		0.31	0.02	-0.17	-0.21	0.72	GLXG
CDTG	0.65	0.61	0.53	-0.79	0.31		0.36	-0.78	0.54	0.59	CDTG
HIHO	0.5	0.22	0.1	-0.55	0.02	0.36		-0.58	0.49	0.15	HIHO
LNKS	-0.75	-0.43	-0.47	0.76	-0.17	-0.78	-0.58		-0.59	-0.46	LNKS
FLYX	0.49	0.16	0.49	-0.5	-0.21	0.54	0.49	-0.59		0.05	FLYX
FPAY	0.06	0.84	0.2	-0.61	0.72	0.59	0.15	-0.46	0.05		FPAY
	ASTC	DFSC	SKK	PWDY	GLXG	CDTG	HIHO	LNKS	FLYX	FPAY

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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

FPAY	+ 0.84	DFSC
GLXG	+ 0.79	DFSC
LNKS	+ 0.76	PWDY
FPAY	+ 0.72	GLXG
CDTG	+ 0.65	ASTC
CDTG	+ 0.61	DFSC

High negative correlations

CDTG	- 0.79	PWDY
LNKS	- 0.78	CDTG
LNKS	- 0.75	ASTC
FPAY	- 0.61	PWDY
FLYX	- 0.59	LNKS
LNKS	- 0.58	HIHO

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
ASTC	2.92	0.10	0.01	0.44	4.70	(2.89)	6.67	(6.15)	25.08
DFSC	4.18	(0.77)	0.00	(0.19)	0.00	0.00	9.38	(7.25)	35.87
SKK	4.07	(0.18)	0.00	(0.06)	0.00	0.00	7.69	(6.45)	35.83
PWDY	6.16	1.22	0.17	2.06	5.57	(8.82)	18.52	(8.57)	38.86
GLXG	6.35	0.22	0.00	(0.09)	8.32	(6.89)	12.64	(14.75)	53.25
CDTG	5.24	(0.55)	0.00	(1.57)	0.00	0.00	14.71	(10.81)	40.22
HIHO	4.34	(0.07)	0.00	0.42	0.00	0.00	12.00	(11.22)	64.44
LNKS	8.43	2.94	0.38	104.07	6.01	(11.91)	22.58	(10.26)	88.10
FLYX	7.81	0.43	0.06	0.32	8.01	(10.48)	13.86	(11.89)	161.87
FPAY	33.01	1.90	0.11	0.13	30.47	(72.44)	53.33	(74.74)	791.43

Momentus Corporate Management

Lon Ensler	Interim Officer	Profile
Chris Kinman	Chief Officer	Profile
Karen Plonty	Chief Officer	Profile
Jon Layman	Chief Secretary	Profile
Paul Ney	Chief Secretary	Profile
Darryl Genovesi	Vice Relations	Profile

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