Mercury Systems Correlations

MRCY Stock

USD 42.92 0.06 0.14%

The current 90-days correlation between Mercury Systems and Hexcel is 0.5 (i.e., Very weak diversification). The correlation of Mercury Systems 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.

Mercury Systems Correlation With Market

Average diversification

The correlation between Mercury Systems and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercury Systems 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 Mercury Systems. 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 Mercury Stock please use our How to Invest in Mercury Systems guide.

Moving together with Mercury Stock

0.62	PL	Planet Labs PBC	Pair Corr
0.72	ESLT	Elbit Systems	Pair Corr
0.68	CAE	CAE Inc	Pair Corr
0.61	CVU	CPI Aerostructures	Pair Corr
0.74	DRS	Leonardo DRS, Common	Pair Corr
0.77	ERJ	Embraer SA ADR	Pair Corr
0.78	HWM	Howmet Aerospace	Pair Corr
0.71	RDW	Redwire Corp	Pair Corr
0.76	TGI	Triumph Group	Pair Corr
0.72	WWD	Woodward	Pair Corr
0.65	HOVR	New Horizon Aircraft	Pair Corr

Moving against Mercury Stock

0.66	KWE	KWESST Micro Systems	Pair Corr
0.62	HII	Huntington Ingalls	Pair Corr
0.46	GD	General Dynamics Earnings Call This Week	Pair Corr
0.45	EH	Ehang Holdings	Pair Corr
0.39	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.58	LMT	Lockheed Martin Earnings Call This Week	Pair Corr
0.56	SVT	Servotronics Potential Growth	Pair Corr
0.49	NOC	Northrop Grumman Earnings Call This Week	Pair Corr
0.48	SIF	SIFCO Industries	Pair Corr
0.47	VVX	V2X Inc	Pair Corr
0.45	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.38	TDG	Transdigm Group	Pair Corr
0.32	TXT	Textron Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CW	HXL	KAMN	DCO	WWD	AIR	MOG-A	PKE	NPK	ISSC
CW		0.13	-0.16	0.64	0.56	0.6	0.78	0.74	-0.04	0.03	CW
HXL	0.13		0.57	0.24	0.59	0.35	-0.08	0.26	0.68	0.63	HXL
KAMN	-0.16	0.57		-0.02	0.35	-0.02	-0.25	-0.07	0.85	0.7	KAMN
DCO	0.64	0.24	-0.02		0.63	0.79	0.75	0.51	-0.03	0.26	DCO
WWD	0.56	0.59	0.35	0.63		0.82	0.62	0.55	0.5	0.61	WWD
AIR	0.6	0.35	-0.02	0.79	0.82		0.79	0.62	0.12	0.34	AIR
MOG-A	0.78	-0.08	-0.25	0.75	0.62	0.79		0.68	-0.18	0.02	MOG-A
PKE	0.74	0.26	-0.07	0.51	0.55	0.62	0.68		0.16	0.11	PKE
NPK	-0.04	0.68	0.85	-0.03	0.5	0.12	-0.18	0.16		0.79	NPK
ISSC	0.03	0.63	0.7	0.26	0.61	0.34	0.02	0.11	0.79		ISSC
	CW	HXL	KAMN	DCO	WWD	AIR	MOG-A	PKE	NPK	ISSC

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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

NPK	+ 0.85	KAMN
AIR	+ 0.82	WWD
AIR	+ 0.79	DCO
MOG-A	+ 0.79	AIR
ISSC	+ 0.79	NPK
MOG-A	+ 0.78	CW

High negative correlations

MOG-A	- 0.25	KAMN
NPK	- 0.18	MOG-A
KAMN	- 0.16	CW
MOG-A	- 0.08	HXL
PKE	- 0.07	KAMN
NPK	- 0.04	CW

Risk-Adjusted Indicators

There is a big difference between Mercury Stock performing well and Mercury Systems 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 Mercury Systems' 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
CW	1.34	0.07	0.03	0.10	2.19	(1.29)	2.96	(3.36)	11.02
HXL	1.22	0.12	0.07	0.25	1.51	(1.25)	2.35	(3.02)	8.09
KAMN	1.85	0.13	0.04	(0.97)	2.21	(1.87)	5.37	(3.75)	14.48
DCO	1.53	0.09	0.04	0.18	1.96	(1.73)	3.18	(4.41)	12.14
WWD	1.20	0.20	0.12	0.33	1.36	(1.25)	2.58	(1.93)	8.86
AIR	1.56	0.21	0.10	0.63	1.76	(1.68)	2.75	(3.07)	15.31
MOG-A	1.26	0.07	0.03	0.15	1.74	(1.18)	1.95	(2.37)	18.09
PKE	1.56	0.16	0.09	0.27	1.54	(1.96)	3.22	(2.98)	13.87
NPK	1.22	0.46	0.33	1.70	0.96	(1.43)	3.22	(1.87)	8.03
ISSC	1.57	0.57	0.31	1.63	1.15	(1.92)	4.42	(2.29)	11.08

Mercury Systems Corporate Management

Tod Brindlinger	Senior Operations	Profile
Stephanie Georges	Executive Officer	Profile
Imtiaz Iqbal	Chief Officer	Profile
Steven Ratner	Executive Officer	Profile
Stuart Kupinsky	Executive Officer	Profile

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