Rocket Lab Correlations
| RKLB Stock | USD 51.39 0.06 0.12% |
The current 90-days correlation between Rocket Lab USA and Planet Labs PBC is 0.17 (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 0.32 (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
| 0.69 | GD | General Dynamics Earnings Call This Week | PairCorr |
| 0.64 | DPRO | Draganfly Trending | PairCorr |
| 0.9 | EVEX | Eve Holding Downward Rally | PairCorr |
| 0.63 | EVTL | Vertical Aerospace Trending | PairCorr |
| 0.9 | AIR | AAR Corp | PairCorr |
| 0.86 | CAE | CAE Inc | PairCorr |
| 0.88 | DCO | Ducommun Incorporated | PairCorr |
| 0.82 | DRS | Leonardo DRS, Common | PairCorr |
| 0.67 | ERJ | Embraer SA ADR | PairCorr |
| 0.8 | HEI | Heico | PairCorr |
| 0.88 | HII | Huntington Ingalls | PairCorr |
| 0.79 | HWM | Howmet Aerospace | PairCorr |
| 0.86 | HXL | Hexcel Earnings Call This Week | PairCorr |
| 0.85 | LHX | L3Harris Technologies Earnings Call This Week | PairCorr |
| 0.7 | NOC | Northrop Grumman Earnings Call This Week | PairCorr |
| 0.91 | NPK | National Presto Indu Earnings Call This Week | PairCorr |
| 0.92 | PKE | Park Electrochemical | PairCorr |
| 0.65 | RDW | Redwire Corp | PairCorr |
| 0.82 | RTX | Raytheon Technologies Earnings Call This Week | PairCorr |
| 0.9 | SIF | SIFCO Industries | PairCorr |
| 0.86 | SPR | Spirit Aerosystems | PairCorr |
| 0.93 | TDG | Transdigm Group | PairCorr |
| 0.63 | TGI | Triumph Group Sell-off Trend | PairCorr |
| 0.89 | TXT | Textron Earnings Call This Week | PairCorr |
| 0.85 | WWD | Woodward | PairCorr |
| 0.71 | HOVR | New Horizon Aircraft | PairCorr |
Moving against Rocket Stock
| 0.33 | RGR | Sturm Ruger | PairCorr |
| 0.78 | MNTS | Momentus | PairCorr |
| 0.77 | POWW | Ammo Inc | PairCorr |
| 0.7 | LOAR | Loar Holdings | PairCorr |
| 0.53 | GPUS | Hyperscale Data, Symbol Change | PairCorr |
| 0.35 | RAINW | Rain Enhancement Tec | PairCorr |
Related Correlations Analysis
| -0.19 | 0.0 | 0.09 | -0.13 | 0.02 | -0.01 | SPCE | ||
| -0.19 | 0.75 | 0.61 | 0.63 | 0.66 | 0.83 | PL | ||
| 0.0 | 0.75 | 0.74 | 0.83 | 0.91 | 0.7 | EVEX | ||
| 0.09 | 0.61 | 0.74 | 0.71 | 0.57 | 0.51 | RDW | ||
| -0.13 | 0.63 | 0.83 | 0.71 | 0.87 | 0.59 | ASTS | ||
| 0.02 | 0.66 | 0.91 | 0.57 | 0.87 | 0.7 | BKSY | ||
| -0.01 | 0.83 | 0.7 | 0.51 | 0.59 | 0.7 | JOBY | ||
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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
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPCE | 4.43 | 0.78 | 0.20 | 0.73 | 3.69 | 10.55 | 53.08 | |||
| PL | 3.45 | 1.15 | 0.39 | 0.84 | 2.13 | 7.88 | 56.34 | |||
| EVEX | 3.87 | 0.89 | 0.27 | 0.48 | 3.40 | 11.87 | 21.30 | |||
| RDW | 4.96 | 1.18 | 0.23 | 0.90 | 4.91 | 11.23 | 41.35 | |||
| ASTS | 3.72 | 1.64 | 0.43 | 1.76 | 2.87 | 10.60 | 22.46 | |||
| BKSY | 4.71 | 1.87 | 0.46 | 0.73 | 3.44 | 13.61 | 36.97 | |||
| JOBY | 4.25 | 1.65 | 0.44 | 1.48 | 2.93 | 11.76 | 37.00 |
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 |