Planet Labs Correlations

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PL Stock

USD 25.28 0.69 2.81%

The current 90-days correlation between Planet Labs PBC and Smith Wesson Brands is -0.02 (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

Poor diversification

The correlation between Planet Labs PBC and DJI is 0.65 (i.e., Poor 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.

Build AI portfolio with Planet Stock

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 board of governors.

Moving together with Planet Stock

0.65	0ACC	Accelleron Industries	Pair Corr
0.71	FUCA	FANUC PUNSPADR 110	Pair Corr
0.63	CR	Crane Company	Pair Corr
0.75	HI	Hillenbrand	Pair Corr
0.64	PH	Parker Hannifin	Pair Corr
0.73	TE	T1 Energy Aggressive Push	Pair Corr
0.61	OSG	OSG Corporation	Pair Corr
0.87	21T	Bodycote PLC	Pair Corr
0.63	KC4	KONE Oyj	Pair Corr
0.75	MBH3	Maschinenfabrik Berthold	Pair Corr
0.77	NVJP	Umicore SA	Pair Corr
0.7	IMI1	IMI plc	Pair Corr
0.63	DZR	AVINGTRANS LS 05	Pair Corr
0.75	TWN	Twin Disc	Pair Corr
0.72	NDX1	Nordex SE	Pair Corr
0.75	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against Planet Stock

0.61	INRN	Interroll Holding Earnings Call This Week	Pair Corr
0.51	74Z	BOA CEPT SA	Pair Corr
0.43	FQ4	OCEAN GEOLOOP AS	Pair Corr
0.46	D7G	Nel ASA	Pair Corr
0.63	7YA	M VEST WATER	Pair Corr
0.63	EPOW	Sunrise New Energy	Pair Corr
0.54	WAH	WOLFTANK ADISA HLDG	Pair Corr
0.31	WATR	Current Water Techno	Pair Corr
0.31	BRM	BioRem Inc	Pair Corr

Related Correlations Analysis

	SWBI	AIRO	EVTL	TATT	PKE	KFRC	ORN	FBYD	EBF	CYRX
SWBI		0.18	-0.58	0.65	0.76	-0.2	0.77	-0.76	0.85	-0.52	SWBI
AIRO	0.18		0.31	0.59	0.48	0.38	0.05	-0.39	0.18	0.6	AIRO
EVTL	-0.58	0.31		-0.47	-0.57	0.34	-0.73	0.6	-0.79	0.8	EVTL
TATT	0.65	0.59	-0.47		0.93	-0.08	0.57	-0.76	0.79	-0.16	TATT
PKE	0.76	0.48	-0.57	0.93		-0.13	0.7	-0.81	0.89	-0.29	PKE
KFRC	-0.2	0.38	0.34	-0.08	-0.13		-0.16	-0.11	-0.23	0.63	KFRC
ORN	0.77	0.05	-0.73	0.57	0.7	-0.16		-0.81	0.89	-0.63	ORN
FBYD	-0.76	-0.39	0.6	-0.76	-0.81	-0.11	-0.81		-0.86	0.29	FBYD
EBF	0.85	0.18	-0.79	0.79	0.89	-0.23	0.89	-0.86		-0.59	EBF
CYRX	-0.52	0.6	0.8	-0.16	-0.29	0.63	-0.63	0.29	-0.59		CYRX
	SWBI	AIRO	EVTL	TATT	PKE	KFRC	ORN	FBYD	EBF	CYRX

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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

PKE	+ 0.93	TATT
EBF	+ 0.89	PKE
EBF	+ 0.89	ORN
EBF	+ 0.85	SWBI
CYRX	+ 0.8	EVTL
EBF	+ 0.79	TATT

High negative correlations

EBF	- 0.86	FBYD
FBYD	- 0.81	ORN
FBYD	- 0.81	PKE
EBF	- 0.79	EVTL
FBYD	- 0.76	TATT
FBYD	- 0.76	SWBI

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
SWBI	1.96	0.80	0.56	1.76	0.81	(2.58)	4.16	(2.32)	26.15
AIRO	4.39	0.46	0.09	0.17	4.72	(4.84)	11.27	(6.52)	24.53
EVTL	4.06	(0.04)	0.00	(0.02)	0.00	0.00	9.51	(7.78)	32.52
TATT	2.27	0.63	0.30	0.49	1.68	(2.77)	6.54	(3.28)	13.83
PKE	2.13	0.58	0.28	0.45	1.67	(2.65)	4.81	(3.07)	15.99
KFRC	2.04	(0.07)	0.00	(0.07)	0.00	0.00	3.57	(5.02)	16.75
ORN	2.51	0.29	0.09	0.13	3.03	(3.06)	5.34	(4.03)	25.03
FBYD	8.16	(0.85)	0.00	2.62	0.00	0.00	17.65	(15.74)	42.06
EBF	0.91	0.31	0.30	0.62	0.78	(1.10)	1.78	(1.77)	4.44
CYRX	2.04	(0.17)	0.00	(0.17)	0.00	0.00	3.50	(4.35)	13.91

Planet Labs Corporate Management

Kevin Kirn	Chief Officer	Profile
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

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