Lockheed Martin Correlations

LMT Stock

USD 477.06 7.36 1.52%

The current 90-days correlation between Lockheed Martin and General Dynamics is 0.24 (i.e., Modest diversification). The correlation of Lockheed Martin 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.

Lockheed Martin Correlation With Market

Significant diversification

The correlation between Lockheed Martin and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lockheed Martin and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lockheed Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lockheed Martin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving together with Lockheed Stock

0.72	BA	Boeing	Pair Corr
0.77	DRS	Leonardo DRS, Common	Pair Corr
0.67	LHX	L3Harris Technologies	Pair Corr
0.83	MDA	MDA	Pair Corr
0.9	NOC	Northrop Grumman	Pair Corr
0.8	HOVR	New Horizon Aircraft	Pair Corr
0.7	AVAV	AeroVironment	Pair Corr

Moving against Lockheed Stock

0.8	PPERY	Bank Mandiri Persero	Pair Corr
0.5	TDG	Transdigm Group	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.37	PPERF	Bank Mandiri Persero	Pair Corr
0.33	RTX	Raytheon Technologies	Pair Corr
0.69	PBCRY	Bank Central Asia	Pair Corr
0.62	NHIC	NewHold Investment Corp	Pair Corr
0.58	SFRX	Seafarer Exploration	Pair Corr
0.56	THH	TryHard Holdings	Pair Corr
0.55	GKOS	Glaukos Corp	Pair Corr
0.53	COPL	Copley Acquisition Corp	Pair Corr
0.48	KODK	Eastman Kodak	Pair Corr
0.4	PTBRY	Bank Negara Indonesia	Pair Corr
0.38	SBKFF	State Bank	Pair Corr
0.32	NOEM	CO2 Energy Transition	Pair Corr
0.77	KSANF	Kansai Paint	Pair Corr
0.73	FTRS	Futuris Company	Pair Corr
0.72	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.72	BVFL	BV Financial, Common	Pair Corr

Related Correlations Analysis

	GD	NOC	ADP	HON	PH	DE	LHX	BA	TDG	TT
GD		0.01	-0.52	0.21	0.37	0.24	0.4	-0.29	0.37	0.56	GD
NOC	0.01		0.72	0.15	-0.77	-0.67	0.67	0.7	-0.41	0.32	NOC
ADP	-0.52	0.72		0.27	-0.78	-0.57	0.38	0.89	-0.5	-0.11	ADP
HON	0.21	0.15	0.27		-0.22	0.09	0.39	0.44	0.01	0.3	HON
PH	0.37	-0.77	-0.78	-0.22		0.67	-0.38	-0.7	0.54	-0.27	PH
DE	0.24	-0.67	-0.57	0.09	0.67		-0.41	-0.56	0.45	-0.26	DE
LHX	0.4	0.67	0.38	0.39	-0.38	-0.41		0.44	-0.33	0.45	LHX
BA	-0.29	0.7	0.89	0.44	-0.7	-0.56	0.44		-0.42	0.04	BA
TDG	0.37	-0.41	-0.5	0.01	0.54	0.45	-0.33	-0.42		-0.11	TDG
TT	0.56	0.32	-0.11	0.3	-0.27	-0.26	0.45	0.04	-0.11		TT
	GD	NOC	ADP	HON	PH	DE	LHX	BA	TDG	TT

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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	+ 0.89	ADP
ADP	+ 0.72	NOC
BA	+ 0.7	NOC
LHX	+ 0.67	NOC
DE	+ 0.67	PH
TT	+ 0.56	GD

High negative correlations

PH	- 0.78	ADP
PH	- 0.77	NOC
BA	- 0.7	PH
DE	- 0.67	NOC
DE	- 0.57	ADP
BA	- 0.56	DE

Risk-Adjusted Indicators

There is a big difference between Lockheed Stock performing well and Lockheed Martin 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 Lockheed Martin'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
GD	0.81	0.00	(0.01)	0.08	0.96	(0.84)	1.82	(1.54)	5.42
NOC	0.87	(0.02)	(0.06)	0.01	1.17	(1.00)	1.59	(1.69)	6.91
ADP	0.77	(0.20)	0.00	(0.23)	0.00	0.00	1.18	(1.51)	7.50
HON	0.93	(0.07)	(0.07)	(0.01)	1.12	(1.07)	1.96	(2.05)	9.17
PH	1.06	0.16	0.13	0.24	1.02	(1.17)	2.46	(1.94)	9.65
DE	1.04	0.03	(0.01)	0.14	1.53	(0.99)	2.23	(1.84)	7.96
LHX	1.21	(0.01)	(0.01)	0.06	1.52	(1.28)	2.36	(2.30)	7.10
BA	1.36	(0.15)	0.00	(0.06)	0.00	0.00	2.29	(3.40)	13.01
TDG	0.98	(0.01)	(0.04)	0.06	1.41	(0.96)	2.11	(1.73)	7.93
TT	1.01	(0.09)	0.00	(0.02)	0.00	0.00	2.17	(2.74)	7.44

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