LOCKHEED Correlations

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87.37 2.71 3.20%

The current 90-days correlation between LOCKHEED MARTIN P and Integral Ad Science is 0.07 (i.e., Significant diversification). The correlation of LOCKHEED 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.

LOCKHEED Correlation With Market

Significant diversification

The correlation between LOCKHEED MARTIN P and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOCKHEED MARTIN P and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LOCKHEED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LOCKHEED when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LOCKHEED - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LOCKHEED MARTIN P to buy it.

Moving together with LOCKHEED Bond

0.76	KO	Coca Cola Aggressive Push	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against LOCKHEED Bond

0.76	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.73	GOOG	Alphabet Class C	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.57	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.53	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.51	DIS	Walt Disney Aggressive Push	Pair Corr
0.49	SNOW	Snowflake Trending	Pair Corr
0.47	DXYZ	Destiny Tech100 Trending	Pair Corr
0.45	T	ATT Inc Aggressive Push	Pair Corr
0.44	HD	Home Depot	Pair Corr

Related Correlations Analysis

	IAS	WMG	KNTK	CSXXY	EVC	FLNT	NCMI
IAS		0.04	0.09	0.16	0.29	-0.11	0.21	IAS
WMG	0.04		0.86	-0.31	0.86	0.47	0.05	WMG
KNTK	0.09	0.86		-0.37	0.88	0.21	-0.25	KNTK
CSXXY	0.16	-0.31	-0.37		-0.34	-0.02	0.32	CSXXY
EVC	0.29	0.86	0.88	-0.34		0.24	-0.03	EVC
FLNT	-0.11	0.47	0.21	-0.02	0.24		0.25	FLNT
NCMI	0.21	0.05	-0.25	0.32	-0.03	0.25		NCMI
	IAS	WMG	KNTK	CSXXY	EVC	FLNT	NCMI

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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

EVC	+ 0.88	KNTK
KNTK	+ 0.86	WMG
EVC	+ 0.86	WMG
FLNT	+ 0.47	WMG
NCMI	+ 0.32	CSXXY
EVC	+ 0.29	IAS

High negative correlations

CSXXY	- 0.37	KNTK
EVC	- 0.34	CSXXY
CSXXY	- 0.31	WMG
NCMI	- 0.25	KNTK
FLNT	- 0.11	IAS
NCMI	- 0.03	EVC

Risk-Adjusted Indicators

There is a big difference between LOCKHEED Bond performing well and LOCKHEED Corporate Bond 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 LOCKHEED'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
IAS	1.60	(0.12)	0.00	(0.04)	0.00	0.00	3.45	(2.41)	23.54
WMG	0.75	0.19	0.15	0.55	0.77	(0.89)	1.70	(1.34)	6.01
KNTK	1.45	0.46	0.27	0.60	1.14	(1.69)	3.19	(1.87)	10.07
CSXXY	1.07	0.05	(0.01)	(0.12)	1.78	(2.98)	3.88	(5.22)	16.82
EVC	2.26	0.23	0.12	0.19	2.34	(3.08)	5.05	(4.41)	14.74
FLNT	3.62	0.22	0.03	(15.17)	3.88	(4.08)	8.58	(6.28)	22.85
NCMI	1.54	0.01	0.00	0.06	0.00	0.00	3.49	(2.77)	14.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in LOCKHEED without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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