General Dynamics Correlations

GD Stock

USD 347.64 6.89 2.02%

The current 90-days correlation between General Dynamics and Northrop Grumman is 0.61 (i.e., Poor diversification). The correlation of General Dynamics 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.

General Dynamics Correlation With Market

Poor diversification

The correlation between General Dynamics and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Dynamics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with General Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For information on how to trade General Stock refer to our How to Trade General Stock guide.

Moving together with General Stock

0.8	BA	Boeing	Pair Corr
0.83	CW	Curtiss Wright	Pair Corr
0.66	MO7R	MOOG INC CL	Pair Corr
0.61	HXL	Hexcel	Pair Corr
0.76	VOYG	Voyager Technologies	Pair Corr
0.69	SEJ1	Safran SA	Pair Corr
0.76	CE9	CAE Inc	Pair Corr
0.76	SNR	Senior PLC	Pair Corr
0.83	ST2	Sturm Ruger Earnings Call This Week	Pair Corr
0.83	HI4	Huntington Ingalls	Pair Corr
0.85	BSP	BAE Systems plc Earnings Call This Week	Pair Corr
0.82	ESLT	Elbit Systems	Pair Corr
0.83	EMY	Embraer SA	Pair Corr
0.86	GDX	General Dynamics	Pair Corr
0.76	CAE	CAE Inc	Pair Corr
0.8	RRU1	ROLLS ROYCE HADR	Pair Corr
0.64	MO7A	Moog Inc	Pair Corr
0.82	CWT	Curtiss Wright	Pair Corr
0.69	TXT	Textron	Pair Corr
0.76	AIR	AAR Corp	Pair Corr
0.84	BSP	BAE Systems plc Earnings Call This Week	Pair Corr
0.74	CAE	CAE Inc	Pair Corr
0.85	2VZ	LEONARDO DRS INC	Pair Corr
0.63	CVU	CPI Aerostructures	Pair Corr
0.77	DCO	Ducommun Incorporated Earnings Call This Week	Pair Corr
0.9	DRS	Leonardo DRS Common Earnings Call This Week	Pair Corr
0.77	FLY	Firefly Aerospace Common	Pair Corr
0.76	HEI	Heico	Pair Corr
0.66	BBD	BOMBARDIER INC CL	Pair Corr
0.83	HII	Huntington Ingalls	Pair Corr
0.66	HWM	Howmet Aerospace	Pair Corr

Related Correlations Analysis

	NOC	LMT	MMM	TDG	PH	LHX	ADP	TT	UPS	HWM
NOC		0.99	-0.22	0.33	0.9	0.95	-0.58	0.43	0.88	0.76	NOC
LMT	0.99		-0.22	0.33	0.92	0.94	-0.58	0.42	0.91	0.77	LMT
MMM	-0.22	-0.22		-0.32	-0.07	-0.27	-0.28	0.39	-0.03	0.11	MMM
TDG	0.33	0.33	-0.32		0.2	0.48	0.27	-0.36	0.09	0.25	TDG
PH	0.9	0.92	-0.07	0.2		0.86	-0.53	0.4	0.96	0.77	PH
LHX	0.95	0.94	-0.27	0.48	0.86		-0.39	0.23	0.83	0.77	LHX
ADP	-0.58	-0.58	-0.28	0.27	-0.53	-0.39		-0.91	-0.58	-0.57	ADP
TT	0.43	0.42	0.39	-0.36	0.4	0.23	-0.91		0.43	0.39	TT
UPS	0.88	0.91	-0.03	0.09	0.96	0.83	-0.58	0.43		0.77	UPS
HWM	0.76	0.77	0.11	0.25	0.77	0.77	-0.57	0.39	0.77		HWM
	NOC	LMT	MMM	TDG	PH	LHX	ADP	TT	UPS	HWM

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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

LMT	+ 0.99	NOC
UPS	+ 0.96	PH
LHX	+ 0.95	NOC
LHX	+ 0.94	LMT
PH	+ 0.92	LMT
UPS	+ 0.91	LMT

High negative correlations

TT	- 0.91	ADP
UPS	- 0.58	ADP
ADP	- 0.58	LMT
ADP	- 0.58	NOC
HWM	- 0.57	ADP
ADP	- 0.53	PH

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Dynamics 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 General Dynamics' 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
NOC	1.29	0.32	0.17	0.71	1.41	(1.53)	2.91	(1.87)	9.88
LMT	1.32	0.54	0.28	1.16	1.37	(1.55)	2.92	(2.11)	8.78
MMM	1.20	(0.01)	0.00	0.05	1.79	(1.17)	2.12	(2.06)	9.08
TDG	1.04	(0.03)	(0.03)	0.00	2.06	(0.97)	1.76	(2.16)	12.34
PH	0.98	0.20	0.19	0.26	0.81	(1.10)	2.41	(1.56)	5.24
LHX	1.34	0.19	0.12	0.27	1.40	(1.58)	3.09	(2.29)	8.86
ADP	1.01	(0.31)	0.00	(0.38)	0.00	0.00	1.69	(2.18)	7.52
TT	1.27	0.06	0.03	0.13	1.48	(1.29)	2.42	(2.68)	10.64
UPS	1.11	0.35	0.26	0.43	0.93	(1.28)	3.16	(1.61)	7.68
HWM	1.48	0.23	0.14	0.36	1.33	(1.72)	3.56	(2.29)	7.17

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