Redwire Corp Correlations

RDW Stock

USD 11.68 0.66 5.99%

The current 90-days correlation between Redwire Corp and Terran Orbital Corp is 0.17 (i.e., Average diversification). The correlation of Redwire Corp 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.

Redwire Corp Correlation With Market

Very weak diversification

The correlation between Redwire Corp and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwire Corp 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 Redwire Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Redwire Stock

0.84	CW	Curtiss Wright	Pair Corr
0.63	EH	Ehang Holdings	Pair Corr
0.64	PL	Planet Labs PBC	Pair Corr
0.89	VSEC	VSE Corporation	Pair Corr
0.87	ESLT	Elbit Systems	Pair Corr
0.85	CAE	CAE Inc	Pair Corr
0.78	DRS	Leonardo DRS, Common	Pair Corr
0.92	HWM	Howmet Aerospace	Pair Corr
0.77	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.87	PKE	Park Electrochemical	Pair Corr
0.88	TGI	Triumph Group	Pair Corr
0.7	VVX	V2X Inc	Pair Corr

Moving against Redwire Stock

0.65	EVTL	Vertical Aerospace	Pair Corr
0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.73	HII	Huntington Ingalls	Pair Corr
0.7	SPR	Spirit Aerosystems	Pair Corr
0.68	RGR	Sturm Ruger	Pair Corr
0.66	SIF	SIFCO Industries	Pair Corr
0.64	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.34	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.75	LILMW	Lilium Equity Warrants	Pair Corr
0.66	KITT	Nauticus Robotics	Pair Corr
0.64	AAIIQ	Alabama Aircraft Ind	Pair Corr
0.61	KITTW	Nauticus Robotics	Pair Corr

Related Correlations Analysis

	SIDU	LLAP	PL	LUNR	RKLB	MNTS	SPCE	EVEX
SIDU		0.56	-0.44	-0.84	-0.9	0.3	-0.25	-0.28	SIDU
LLAP	0.56		0.36	-0.62	-0.48	0.57	0.03	-0.66	LLAP
PL	-0.44	0.36		0.42	0.62	0.29	0.39	-0.19	PL
LUNR	-0.84	-0.62	0.42		0.91	-0.34	0.25	0.46	LUNR
RKLB	-0.9	-0.48	0.62	0.91		-0.19	0.35	0.34	RKLB
MNTS	0.3	0.57	0.29	-0.34	-0.19		0.17	-0.33	MNTS
SPCE	-0.25	0.03	0.39	0.25	0.35	0.17		0.19	SPCE
EVEX	-0.28	-0.66	-0.19	0.46	0.34	-0.33	0.19		EVEX
	SIDU	LLAP	PL	LUNR	RKLB	MNTS	SPCE	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

RKLB	+ 0.91	LUNR
RKLB	+ 0.62	PL
MNTS	+ 0.57	LLAP
LLAP	+ 0.56	SIDU
EVEX	+ 0.46	LUNR
LUNR	+ 0.42	PL

High negative correlations

RKLB	- 0.9	SIDU
LUNR	- 0.84	SIDU
EVEX	- 0.66	LLAP
LUNR	- 0.62	LLAP
RKLB	- 0.48	LLAP
PL	- 0.44	SIDU

Risk-Adjusted Indicators

There is a big difference between Redwire Stock performing well and Redwire Corp 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 Redwire Corp's 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
SIDU	4.49	(1.18)	0.00	(0.59)	0.00	0.00	7.56	(10.51)	64.78
LLAP	4.12	(1.29)	0.00	(15.21)	0.00	0.00	4.17	(8.57)	51.59
PL	3.24	0.04	0.04	0.10	5.92	(3.50)	7.62	(6.18)	37.79
LUNR	5.74	1.26	0.25	0.64	4.76	(7.10)	15.25	(7.05)	51.34
RKLB	4.14	1.62	0.48	0.71	2.64	(5.00)	12.54	(4.74)	36.25
MNTS	9.95	0.88	0.15	0.19	8.86	(16.50)	12.96	(15.52)	192.95
SPCE	3.89	(0.14)	0.02	0.05	4.39	(4.18)	9.21	(7.06)	28.44
EVEX	2.42	0.25	0.10	0.23	2.67	(2.75)	7.12	(4.21)	15.48

Redwire Corp Corporate Management

Aaron Futch	General VP	Profile
Nathan OKonek	General Secretary	Profile
Austin Jordan	Vice Communications	Profile
Steve Bailey	Chief Engineer	Profile
Jonathan Baliff	CFO Director	Profile
Faith Horowitz	Chief Officer	Profile
Colonel Bellamy	Executive Space	Profile

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