Mercury Systems Correlations

MRCY Stock

USD 67.55 0.95 1.39%

The current 90-days correlation between Mercury Systems and AAR Corp is 0.25 (i.e., Modest diversification). The correlation of Mercury Systems 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.

Mercury Systems Correlation With Market

Average diversification

The correlation between Mercury Systems and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercury Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mercury Stock

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

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

Moving together with Mercury Stock

0.66	GD	General Dynamics	Pair Corr
0.61	HII	Huntington Ingalls	Pair Corr
0.71	HXL	Hexcel	Pair Corr
0.62	LHX	L3Harris Technologies	Pair Corr
0.7	NOC	Northrop Grumman	Pair Corr
0.63	RTX	Raytheon Technologies	Pair Corr
0.85	SIF	SIFCO Industries	Pair Corr
0.89	VVX	V2X Inc	Pair Corr

Moving against Mercury Stock

0.66	EVEX	Eve Holding	Pair Corr
0.65	CVU	CPI Aerostructures	Pair Corr
0.55	VTSI	VirTra Inc	Pair Corr
0.53	VOYG	Voyager Technologies,	Pair Corr
0.43	EVTL	Vertical Aerospace Downward Rally	Pair Corr
0.42	AZ	A2Z Smart Technologies	Pair Corr
0.35	SATLW	Satellogic Warrant	Pair Corr
0.79	RDW	Redwire Corp	Pair Corr
0.53	DRS	Leonardo DRS, Common	Pair Corr
0.53	TDG	Transdigm Group	Pair Corr
0.36	RGR	Sturm Ruger	Pair Corr
0.71	LUNR	Intuitive Machines	Pair Corr
0.58	LOAR	Loar Holdings	Pair Corr
0.54	KITT	Nauticus Robotics	Pair Corr
0.47	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	AIR	CW	HXL	MOG-A	MKSI	WWD	HEI	MMSI
AIR		0.69	0.84	0.63	0.77	0.82	0.54	-0.74	AIR
CW	0.69		0.69	0.5	0.63	0.83	0.7	-0.64	CW
HXL	0.84	0.69		0.83	0.71	0.74	0.41	-0.71	HXL
MOG-A	0.63	0.5	0.83		0.41	0.51	0.26	-0.65	MOG-A
MKSI	0.77	0.63	0.71	0.41		0.71	0.55	-0.32	MKSI
WWD	0.82	0.83	0.74	0.51	0.71		0.82	-0.69	WWD
HEI	0.54	0.7	0.41	0.26	0.55	0.82		-0.43	HEI
MMSI	-0.74	-0.64	-0.71	-0.65	-0.32	-0.69	-0.43		MMSI
	AIR	CW	HXL	MOG-A	MKSI	WWD	HEI	MMSI

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

HXL	+ 0.84	AIR
WWD	+ 0.83	CW
MOG-A	+ 0.83	HXL
WWD	+ 0.82	AIR
HEI	+ 0.82	WWD
MKSI	+ 0.77	AIR

High negative correlations

MMSI	- 0.74	AIR
MMSI	- 0.71	HXL
MMSI	- 0.69	WWD
MMSI	- 0.65	MOG-A
MMSI	- 0.64	CW
MMSI	- 0.43	HEI

Risk-Adjusted Indicators

There is a big difference between Mercury Stock performing well and Mercury Systems 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 Mercury Systems' 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
AIR	1.54	0.14	0.12	0.21	1.40	(1.90)	3.60	(2.45)	17.34
CW	1.15	0.06	(0.01)	0.32	1.73	(1.13)	2.93	(2.07)	10.37
HXL	1.19	0.19	0.18	0.29	0.76	(1.39)	3.18	(1.79)	6.76
MOG-A	1.22	0.01	0.00	0.13	1.44	(1.30)	3.20	(2.20)	6.79
MKSI	1.94	0.14	0.09	0.20	1.96	(2.18)	5.38	(3.89)	14.51
WWD	1.06	0.15	0.07	0.45	1.15	(1.15)	2.43	(2.20)	9.10
HEI	1.15	0.04	(0.01)	0.19	1.83	(1.10)	1.98	(1.94)	13.48
MMSI	1.07	(0.12)	0.00	(0.10)	0.00	0.00	2.29	(1.80)	14.94

Mercury Systems Corporate Management

Tyler CFA	VP Relations	Profile
Douglas Munro	VP Officer	Profile
Steven Ratner	Executive Officer	Profile
Steve Ratner	Executive Officer	Profile
Roya Montakhab	Senior Solutions	Profile

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