Lockheed Martin Correlations

LMT
 Stock
  

USD 433.52  3.56  0.83%   

The correlation of Lockheed Martin is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lockheed Martin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lockheed Martin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, see Stocks Correlation.
  
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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 Corp to buy it.

Moving together with Lockheed Martin

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Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AACODA
WMTGD
CODAGD
AAGD
WMTCODA
WMTAA
  
High negative correlations   
WMTXOM
XOMCODA
XOMGD
XOMAA
JNJXOM
WMTISSC

Lockheed Martin Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Lockheed Martin stock performing well and Lockheed Martin company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Lockheed Martin's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
GD 1.23  0.07  0.00 (0.11)  0.00  0.06  0.00  2.47 (2.77)  8.35 
ISSC 2.22  0.00  0.00 (0.20)  0.00  0.009  0.00  5.63 (4.43)  25.56 
CODA 1.81 (0.33)  0.00 (0.79)  0.00 (0.10)  0.00  3.00 (4.51)  13.71 
AA 3.25 (0.61)  0.00 (0.51)  0.00 (0.18)  0.00  5.10 (6.70)  21.93 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0313)  0.00  2.43 (2.47)  13.98 
JNJ 0.96  0.12  0.19  0.04  1.06  0.18 (1.09)  2.23 (1.86)  5.89 
MMM 1.12 (0.09)  0.00 (0.32)  0.00 (0.0309)  0.00  2.17 (2.52)  8.68 
VZ 1.07  0.13  0.13  0.06  1.67  0.15 (1.08)  2.30 (2.42)  7.94 

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 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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Lockheed Martin Corporate Directors

Lockheed Martin corporate directors refer to members of a Lockheed Martin board of directors. The board of directors generally takes responsibility for the Lockheed Martin's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Lockheed Martin's board members must vote for the resolution. The Lockheed Martin board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
James Ellis - Independent DirectorProfile
Nolan Archibald - Independent DirectorProfile
David Burritt - Independent DirectorProfile
Vicki Hollub - Independent DirectorProfile

Investing Lockheed Martin Corp

You need to understand the risk of investing before taking a position in Lockheed Martin. The danger of trading Lockheed Martin Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lockheed Martin is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lockheed Martin. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lockheed Martin Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Stocks Correlation. Note that the Lockheed Martin Corp information on this page should be used as a complementary analysis to other Lockheed Martin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Lockheed Stock analysis

When running Lockheed Martin Corp price analysis, check to measure Lockheed Martin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lockheed Martin is operating at the current time. Most of Lockheed Martin's value examination focuses on studying past and present price action to predict the probability of Lockheed Martin's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Lockheed Martin's price. Additionally, you may evaluate how the addition of Lockheed Martin to your portfolios can decrease your overall portfolio volatility.
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Is Lockheed Martin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lockheed Martin. If investors know Lockheed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lockheed Martin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.018
Market Capitalization
115.4 B
Quarterly Revenue Growth YOY
-0.08
Return On Assets
0.0918
Return On Equity
0.76
The market value of Lockheed Martin Corp is measured differently than its book value, which is the value of Lockheed that is recorded on the company's balance sheet. Investors also form their own opinion of Lockheed Martin's value that differs from its market value or its book value, called intrinsic value, which is Lockheed Martin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lockheed Martin's market value can be influenced by many factors that don't directly affect Lockheed Martin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lockheed Martin's value and its price as these two are different measures arrived at by different means. Investors typically determine Lockheed Martin value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lockheed Martin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.