General Dynamics Correlations

GD Stock

USD 284.01 1.70 0.60%

The current 90-days correlation between General Dynamics and Lockheed Martin is 0.46 (i.e., Very weak diversification). The correlation of General Dynamics 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.

General Dynamics Correlation With Market

Poor diversification

The correlation between General Dynamics and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Dynamics and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade General Stock refer to our How to Trade General Stock guide.

Moving together with General Stock

0.76	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.72	RGR	Sturm Ruger	Pair Corr
0.67	TDG	Transdigm Group	Pair Corr
0.68	LILMW	Lilium Equity Warrants	Pair Corr
0.81	GPUS	Hyperscale Data, Symbol Change	Pair Corr

Moving against General Stock

0.63	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.62	CAE	CAE Inc	Pair Corr
0.47	ESLT	Elbit Systems	Pair Corr
0.33	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.5	RDW	Redwire Corp	Pair Corr
0.44	TGI	Triumph Group	Pair Corr
0.32	HWM	Howmet Aerospace	Pair Corr
0.46	LUNR	Intuitive Machines Upward Rally	Pair Corr
0.44	MNTSW	Momentus	Pair Corr
0.4	GPUS-PD	Hyperscale Data,	Pair Corr

Related Correlations Analysis

	LMT	RTX	LHX	HII	NOC	BA	CW	HXL
LMT		0.57	-0.12	0.68	0.89	0.23	-0.25	0.02	LMT
RTX	0.57		0.48	0.24	0.44	0.03	0.35	0.43	RTX
LHX	-0.12	0.48		-0.64	-0.07	-0.61	0.93	0.1	LHX
HII	0.68	0.24	-0.64		0.64	0.67	-0.73	0.26	HII
NOC	0.89	0.44	-0.07	0.64		0.24	-0.28	0.07	NOC
BA	0.23	0.03	-0.61	0.67	0.24		-0.65	0.41	BA
CW	-0.25	0.35	0.93	-0.73	-0.28	-0.65		0.15	CW
HXL	0.02	0.43	0.1	0.26	0.07	0.41	0.15		HXL
	LMT	RTX	LHX	HII	NOC	BA	CW	HXL

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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

CW	+ 0.93	LHX
NOC	+ 0.89	LMT
HII	+ 0.68	LMT
BA	+ 0.67	HII
NOC	+ 0.64	HII
RTX	+ 0.57	LMT

High negative correlations

CW	- 0.73	HII
CW	- 0.65	BA
HII	- 0.64	LHX
BA	- 0.61	LHX
CW	- 0.28	NOC
CW	- 0.25	LMT

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Dynamics 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 General Dynamics' 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
LMT	0.89	(0.13)	0.00	(0.24)	0.00	0.00	1.50	(1.51)	9.77
RTX	0.88	(0.06)	(0.09)	0.03	1.19	(0.88)	2.20	(1.85)	6.80
LHX	0.97	0.03	(0.02)	0.18	1.28	(1.03)	2.19	(1.78)	8.70
HII	1.54	(0.69)	0.00	(0.23)	0.00	0.00	2.45	(2.65)	28.74
NOC	0.81	(0.13)	0.00	(0.15)	0.00	0.00	1.62	(1.78)	6.85
BA	1.74	(0.18)	0.00	(0.29)	0.00	0.00	3.11	(3.41)	8.23
CW	1.23	0.09	0.08	0.19	1.68	(1.38)	2.96	(2.48)	11.02
HXL	1.18	(0.17)	(0.07)	0.01	1.62	(1.14)	2.35	(2.66)	6.19

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