Lockheed Martin Correlations

LMTB34 Stock

BRL 2,577 46.69 1.78%

The current 90-days correlation between Lockheed Martin and Raytheon Technologies is 0.53 (i.e., Very weak 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.

Lockheed Martin Correlation With Market

Modest diversification

The correlation between Lockheed Martin and DJI is 0.21 (i.e., Modest 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.

The ability to find closely correlated positions to Lockheed Martin 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 Martin 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 Martin - 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 to buy it.

Moving together with Lockheed Stock

0.65

TMCO34

Toyota Motor

Pair Corr

Moving against Lockheed Stock

0.66	TSMC34	Taiwan Semiconductor	Pair Corr
0.62	NMRH34	Nomura Holdings	Pair Corr
0.61	H1II34	Huntington Ingalls	Pair Corr
0.57	MSFT34	Microsoft Earnings Call This Week	Pair Corr
0.53	LVTC3	Livetech da Bahia	Pair Corr
0.49	ITUB4	Ita Unibanco Holding	Pair Corr
0.46	BOEI34	Boeing	Pair Corr
0.34	RYTT34	Raytheon Technologies Earnings Call Today	Pair Corr
0.31	R1OP34	Roper Technologies, Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	RYTT34	BOEI34	LMTB34	NOCG34	GDBR34	H1II34	TASA4	TASA3
RYTT34		0.71	-0.34	0.27	0.33	0.76	-0.76	-0.5	RYTT34
BOEI34	0.71		-0.46	-0.22	0.18	0.76	-0.65	-0.33	BOEI34
LMTB34	-0.34	-0.46		0.45	-0.23	-0.61	0.54	0.44	LMTB34
NOCG34	0.27	-0.22	0.45		0.41	0.05	-0.18	-0.27	NOCG34
GDBR34	0.33	0.18	-0.23	0.41		0.51	-0.45	-0.4	GDBR34
H1II34	0.76	0.76	-0.61	0.05	0.51		-0.85	-0.64	H1II34
TASA4	-0.76	-0.65	0.54	-0.18	-0.45	-0.85		0.88	TASA4
TASA3	-0.5	-0.33	0.44	-0.27	-0.4	-0.64	0.88		TASA3
	RYTT34	BOEI34	LMTB34	NOCG34	GDBR34	H1II34	TASA4	TASA3

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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

TASA3	+ 0.88	TASA4
H1II34	+ 0.76	RYTT34
H1II34	+ 0.76	BOEI34
BOEI34	+ 0.71	RYTT34
TASA4	+ 0.54	LMTB34
H1II34	+ 0.51	GDBR34

High negative correlations

TASA4	- 0.85	H1II34
TASA4	- 0.76	RYTT34
TASA4	- 0.65	BOEI34
TASA3	- 0.64	H1II34
H1II34	- 0.61	LMTB34
TASA3	- 0.5	RYTT34

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
RYTT34	1.31	0.09	0.02	0.24	2.64	(1.30)	3.59	(1.75)	13.49
BOEI34	1.28	0.42	0.22	1.14	1.06	(1.52)	3.55	(1.98)	11.36
LMTB34	1.12	(0.15)	0.00	(0.24)	0.00	0.00	3.08	(3.54)	9.52
NOCG34	1.28	(0.21)	0.00	(0.11)	0.00	0.00	2.23	(2.39)	17.42
GDBR34	0.41	0.02	(0.05)	(0.02)	0.84	(1.25)	0.76	(1.62)	6.14
H1II34	0.62	0.25	0.00	(1.09)	0.00	0.00	3.05	(0.91)	8.02
TASA4	1.59	(0.33)	0.00	0.86	0.00	0.00	3.11	(3.94)	14.13
TASA3	1.45	(0.13)	0.00	0.53	0.00	0.00	3.63	(3.13)	10.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lockheed Martin 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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