Planet Labs Correlations

PL Stock

USD 5.46 0.31 6.02%

The current 90-days correlation between Planet Labs PBC and Ehang Holdings is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Labs PBC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Planet Labs Correlation With Market

Good diversification

The correlation between Planet Labs PBC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Labs PBC and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Planet Stock

0.72	BA	Boeing	Pair Corr
0.69	DPRO	Draganfly Downward Rally	Pair Corr
0.75	ESLT	Elbit Systems	Pair Corr
0.82	EVEX	Eve Holding	Pair Corr
0.89	CAE	CAE Inc	Pair Corr
0.65	HXL	Hexcel	Pair Corr
0.84	NPK	National Presto Indu	Pair Corr
0.62	HOVR	New Horizon Aircraft	Pair Corr

Moving against Planet Stock

0.85	GD	General Dynamics	Pair Corr
0.66	NOC	Northrop Grumman	Pair Corr
0.47	EH	Ehang Holdings	Pair Corr
0.47	LHX	L3Harris Technologies	Pair Corr
0.36	LMT	Lockheed Martin	Pair Corr
0.45	VVX	V2X Inc	Pair Corr
0.34	TXT	Textron	Pair Corr
0.31	TDG	Transdigm Group Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	BA	CW	EH	GD	GE	PL	DPRO	BA-PA	ESLT	EVEX
BA		-0.22	-0.3	-0.78	-0.12	0.72	0.74	0.92	0.68	0.87	BA
CW	-0.22		-0.11	0.25	0.26	-0.03	-0.1	-0.33	0.05	-0.15	CW
EH	-0.3	-0.11		0.62	0.3	-0.47	-0.42	-0.18	-0.37	-0.42	EH
GD	-0.78	0.25	0.62		0.22	-0.85	-0.76	-0.64	-0.72	-0.86	GD
GE	-0.12	0.26	0.3	0.22		0.14	-0.43	-0.12	0.34	-0.17	GE
PL	0.72	-0.03	-0.47	-0.85	0.14		0.69	0.58	0.75	0.82	PL
DPRO	0.74	-0.1	-0.42	-0.76	-0.43	0.69		0.69	0.35	0.84	DPRO
BA-PA	0.92	-0.33	-0.18	-0.64	-0.12	0.58	0.69		0.5	0.79	BA-PA
ESLT	0.68	0.05	-0.37	-0.72	0.34	0.75	0.35	0.5		0.64	ESLT
EVEX	0.87	-0.15	-0.42	-0.86	-0.17	0.82	0.84	0.79	0.64		EVEX
	BA	CW	EH	GD	GE	PL	DPRO	BA-PA	ESLT	EVEX

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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

BA-PA	+ 0.92	BA
EVEX	+ 0.87	BA
EVEX	+ 0.84	DPRO
EVEX	+ 0.82	PL
EVEX	+ 0.79	BA-PA
ESLT	+ 0.75	PL

High negative correlations

EVEX	- 0.86	GD
PL	- 0.85	GD
GD	- 0.78	BA
DPRO	- 0.76	GD
ESLT	- 0.72	GD
BA-PA	- 0.64	GD

Risk-Adjusted Indicators

There is a big difference between Planet Stock performing well and Planet Labs 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 Planet Labs' 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
BA	1.48	0.16	0.04	(16.92)	1.77	(1.49)	2.63	(2.79)	7.39
CW	1.48	(0.09)	0.00	(0.04)	0.00	0.00	2.96	(5.33)	16.04
EH	3.30	0.03	0.00	0.11	4.24	(3.39)	7.79	(6.26)	23.52
GD	1.04	(0.31)	0.00	(0.67)	0.00	0.00	1.43	(2.69)	10.86
GE	1.32	0.09	0.04	0.19	1.54	(1.42)	3.08	(2.42)	8.66
PL	4.25	1.46	0.37	(6.77)	3.13	(5.35)	14.07	(5.60)	27.58
DPRO	7.17	0.66	0.07	(2.96)	7.20	(9.41)	18.71	(11.65)	64.26
BA-PA	1.19	0.19	0.08	(142.63)	1.15	(1.30)	2.16	(2.10)	6.87
ESLT	1.38	0.57	0.39	2.22	0.72	(1.70)	3.36	(1.73)	11.25
EVEX	3.77	0.68	0.15	2.34	3.94	(4.35)	7.87	(6.65)	31.98

Planet Labs Corporate Management

Brian Hernacki	VP Software	Profile
Kristi Erickson	Chief Officer	Profile
Robert Schingler	Chief CoFounder	Profile
Andrew Zolli	Chief Officer	Profile
Tramayne Whitney	Chief Officer	Profile
Donna Prlich	Chief Officer	Profile
Amy Keating	Chief Secretary	Profile

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