Intuitive Machines Correlations

LUNR Stock

11.21 0.19 1.67%

The current 90-days correlation between Intuitive Machines and KNOT Offshore Partners is 0.08 (i.e., Significant diversification). The correlation of Intuitive Machines 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.

Intuitive Machines Correlation With Market

Very weak diversification

The correlation between Intuitive Machines and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intuitive Machines and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intuitive Stock

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

To learn how to invest in Intuitive Stock, please use our How to Invest in Intuitive Machines guide.

Moving together with Intuitive Stock

0.64	EH	Ehang Holdings	Pair Corr
0.73	VOYG	Voyager Technologies,	Pair Corr
0.74	VTSI	VirTra Inc	Pair Corr
0.71	CAE	CAE Inc	Pair Corr
0.66	CAE	CAE Inc	Pair Corr
0.74	LMT	Lockheed Martin	Pair Corr
0.66	NOC	Northrop Grumman	Pair Corr
0.71	PKE	Park Electrochemical	Pair Corr

Related Correlations Analysis

	KNOP	BKN	ARW	VFL	MITN	BYDIF	EA
KNOP		0.11	-0.79	0.09	0.75	-0.84	0.47	KNOP
BKN	0.11		0.02	0.89	0.0	0.06	0.22	BKN
ARW	-0.79	0.02		-0.01	-0.66	0.83	-0.65	ARW
VFL	0.09	0.89	-0.01		0.04	0.01	0.36	VFL
MITN	0.75	0.0	-0.66	0.04		-0.75	0.41	MITN
BYDIF	-0.84	0.06	0.83	0.01	-0.75		-0.59	BYDIF
EA	0.47	0.22	-0.65	0.36	0.41	-0.59		EA
	KNOP	BKN	ARW	VFL	MITN	BYDIF	EA

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

VFL	+ 0.89	BKN
BYDIF	+ 0.83	ARW
MITN	+ 0.75	KNOP
EA	+ 0.47	KNOP
EA	+ 0.41	MITN
EA	+ 0.36	VFL

High negative correlations

BYDIF	- 0.84	KNOP
ARW	- 0.79	KNOP
BYDIF	- 0.75	MITN
MITN	- 0.66	ARW
EA	- 0.65	ARW
EA	- 0.59	BYDIF

Risk-Adjusted Indicators

There is a big difference between Intuitive Stock performing well and Intuitive Machines 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 Intuitive Machines' 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
KNOP	1.74	0.45	0.20	26.78	1.43	(2.02)	5.93	(2.95)	12.60
BKN	0.38	0.07	0.02	0.67	0.18	(0.47)	0.81	(0.54)	2.58
ARW	1.28	(0.25)	0.00	(0.15)	0.00	0.00	1.94	(3.05)	8.90
VFL	0.46	0.07	0.03	0.43	0.34	(0.58)	1.02	(0.79)	3.70
MITN	0.26	0.03	(0.09)	(0.13)	0.45	(0.29)	0.56	(0.60)	4.69
BYDIF	2.87	(0.28)	0.00	(0.11)	0.00	0.00	7.84	(8.49)	20.71
EA	0.71	0.28	0.32	1.07	0.12	(0.95)	1.47	(0.33)	15.20

Intuitive Machines Corporate Management

Ben Bussey	Chief Scientist	Profile
Steven Vontur	Chief Controller	Profile
Anna Ronalds	Chief Staff	Profile
Jack Fischer	Senior Operations	Profile

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