Rocket Lab Correlations
| RKLB Stock | USD 40.30 0.82 2.08% |
The current 90-days correlation between Rocket Lab USA and Heico is 0.19 (i.e., Average diversification). The correlation of Rocket Lab 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.
Rocket Lab Correlation With Market
Weak diversification
The correlation between Rocket Lab USA and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocket Lab USA and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Rocket Stock
| 0.61 | MANAKCOAT | Manaksia Coated Metals | PairCorr |
| 0.69 | PL | Planet Labs PBC | PairCorr |
| 0.84 | RR | Richtech Robotics Class | PairCorr |
| 0.79 | DPRO | Draganfly | PairCorr |
Moving against Rocket Stock
| 0.65 | 600666 | Aurora Optoelectronics | PairCorr |
| 0.63 | 001319 | Winstech Precision Hldg | PairCorr |
| 0.52 | 300403 | Jiangmen iDear Hanyu | PairCorr |
| 0.46 | 0ACC | Accelleron Industries | PairCorr |
| 0.44 | 301028 | Xiamen East Asia | PairCorr |
| 0.43 | 600765 | AVIC Heavy Machinery | PairCorr |
| 0.41 | 688420 | Tianjin Meiteng Tech | PairCorr |
| 0.37 | PH | Parker Hannifin | PairCorr |
| 0.73 | 002774 | IFE Elevators | PairCorr |
| 0.62 | 002667 | AnShan Heavy Duty | PairCorr |
| 0.56 | BRM | BioRem Inc | PairCorr |
| 0.45 | 301032 | Zhejiang Xinchai | PairCorr |
| 0.45 | 600835 | Shanghai Mechanical | PairCorr |
| 0.36 | 301317 | Xinlei Compressor | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rocket Stock performing well and Rocket Lab 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 Rocket Lab'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HEI | 1.14 | (0.05) | 0.00 | (0.02) | 0.00 | 1.96 | 13.48 | |||
| UAL | 1.97 | (0.14) | 0.00 | (0.03) | 0.00 | 3.93 | 11.82 | |||
| WAB | 1.12 | 0.02 | 0.02 | 0.06 | 1.23 | 2.08 | 7.47 | |||
| VRSK | 1.26 | (0.29) | 0.00 | (2.10) | 0.00 | 1.76 | 11.83 | |||
| OTIS | 0.79 | (0.01) | (0.03) | 0.02 | 1.02 | 1.69 | 5.07 | |||
| XYL | 0.83 | (0.04) | (0.04) | 0.00 | 1.07 | 1.70 | 6.04 | |||
| ESLT | 1.55 | 0.05 | 0.01 | 0.29 | 1.92 | 3.12 | 12.38 | |||
| EME | 1.87 | (0.10) | 0.00 | (0.02) | 0.00 | 3.77 | 24.06 | |||
| FIX | 2.24 | 0.35 | 0.15 | 0.21 | 2.31 | 4.34 | 26.71 |
Rocket Lab Corporate Management
| Morgan Bailey | Director Communications | Profile | |
| Murielle Baker | Senior Manager | Profile | |
| Shaun ODonnell | Chief Programs | Profile | |
| Mike Lynch | Chief Officer | Profile | |
| Colin Canfield | Investor Manager | Profile | |
| Peter Beck | Chairman, Founder | Profile |