Intuitive Machines Correlations

LUNR Stock

15.40 1.57 9.25%

The current 90-days correlation between Intuitive Machines and Redwire Corp is 0.68 (i.e., Poor 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

Modest diversification

The correlation between Intuitive Machines 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 Intuitive Machines and DJI in the same portfolio, assuming nothing else is changed.

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 board of governors.

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

Moving together with Intuitive Stock

0.62	BA	Boeing	Pair Corr
0.63	PL	Planet Labs PBC	Pair Corr
0.77	ESLT	Elbit Systems	Pair Corr
0.83	CVU	CPI Aerostructures	Pair Corr
0.65	HXL	Hexcel	Pair Corr
0.65	NPK	National Presto Indu	Pair Corr
0.85	RDW	Redwire Corp	Pair Corr
0.77	SPR	Spirit Aerosystems	Pair Corr
0.71	TDG	Transdigm Group	Pair Corr
0.87	MNTSW	Momentus	Pair Corr

Moving against Intuitive Stock

0.68	HEI	Heico	Pair Corr
0.46	GD	General Dynamics	Pair Corr
0.31	CW	Curtiss Wright	Pair Corr
0.6	LHX	L3Harris Technologies	Pair Corr
0.59	TXT	Textron	Pair Corr
0.57	LMT	Lockheed Martin	Pair Corr
0.57	VVX	V2X Inc Earnings Call This Week	Pair Corr
0.41	RGR	Sturm Ruger	Pair Corr
0.33	SIF	SIFCO Industries	Pair Corr
0.31	KWE	KWESST Micro Systems	Pair Corr
0.78	OPXS	Optex Systems Holdings,	Pair Corr
0.45	LOAR	Loar Holdings	Pair Corr

Related Correlations Analysis

	RDW	SIDU	RKLB	MNTS	LLAP	ASTR	PL	SPCE	EVEX
RDW		0.2	0.81	-0.54	0.0	0.0	0.91	-0.78	0.42	RDW
SIDU	0.2		0.35	0.19	0.0	0.0	0.11	-0.12	0.66	SIDU
RKLB	0.81	0.35		-0.11	0.0	0.0	0.66	-0.41	0.65	RKLB
MNTS	-0.54	0.19	-0.11		0.0	0.0	-0.7	0.84	0.08	MNTS
LLAP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	LLAP
ASTR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ASTR
PL	0.91	0.11	0.66	-0.7	0.0	0.0		-0.79	0.31	PL
SPCE	-0.78	-0.12	-0.41	0.84	0.0	0.0	-0.79		-0.22	SPCE
EVEX	0.42	0.66	0.65	0.08	0.0	0.0	0.31	-0.22		EVEX
	RDW	SIDU	RKLB	MNTS	LLAP	ASTR	PL	SPCE	EVEX

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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

PL	+ 0.91	RDW
SPCE	+ 0.84	MNTS
RKLB	+ 0.81	RDW
EVEX	+ 0.66	SIDU
PL	+ 0.66	RKLB
EVEX	+ 0.65	RKLB

High negative correlations

SPCE	- 0.79	PL
SPCE	- 0.78	RDW
PL	- 0.7	MNTS
MNTS	- 0.54	RDW
SPCE	- 0.41	RKLB
EVEX	- 0.22	SPCE

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
RDW	5.75	0.75	0.12	0.24	5.92	(6.14)	13.22	(10.12)	61.84
SIDU	10.19	2.98	0.31	(0.64)	8.35	(14.27)	14.65	(12.96)	258.03
RKLB	4.55	0.25	0.05	0.12	4.95	(5.45)	11.05	(9.83)	38.07
MNTS	6.73	(1.13)	0.00	(2.52)	0.00	0.00	17.63	(13.24)	48.76
LLAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PL	4.58	0.69	0.16	0.28	4.10	(5.39)	9.18	(6.04)	31.30
SPCE	2.83	(0.76)	0.00	(1.32)	0.00	0.00	5.33	(6.27)	15.97
EVEX	3.92	0.64	0.14	0.43	4.23	(4.44)	7.87	(7.33)	31.98

Intuitive Machines Corporate Management

Ben Bussey	Chief Scientist	Profile
Steven Vontur	Chief Controller	Profile
Jade Marcantel	Chief Officer	Profile
Anna Jones	General Secretary	Profile

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