Intuitive Machines Correlations

Summary

LUNRWDelisted Stock

0.16 0.00 0.00%

The current 90-days correlation between Intuitive Machines and Skillz Platform is -0.12 (i.e., Good 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

Average diversification

The correlation between Intuitive Machines and DJI is 0.13 (i.e., Average 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Intuitive Stock

0.61	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.68	HWM	Howmet Aerospace	Pair Corr
0.8	WWD	Woodward	Pair Corr

Moving against Intuitive Stock

0.57	DPRO	Draganfly Earnings Call Tomorrow	Pair Corr
0.47	EVTL	Vertical Aerospace	Pair Corr
0.37	GD	General Dynamics	Pair Corr
0.36	HII	Huntington Ingalls	Pair Corr
0.32	HEI	Heico	Pair Corr
0.48	HOVR	New Horizon Aircraft	Pair Corr
0.47	LMT	Lockheed Martin	Pair Corr
0.32	SHMDW	SCHMID Group NV	Pair Corr

Related Correlations Analysis

	SKLZ	EVVTY	EML	HCHDF	HPP	BTNY	JUTOY	MMSI
SKLZ		-0.42	0.16	-0.74	0.38	0.0	0.19	0.78	SKLZ
EVVTY	-0.42		0.48	0.26	-0.1	0.0	-0.43	-0.28	EVVTY
EML	0.16	0.48		-0.24	0.3	0.0	-0.27	0.24	EML
HCHDF	-0.74	0.26	-0.24		-0.38	0.0	-0.07	-0.53	HCHDF
HPP	0.38	-0.1	0.3	-0.38		0.0	-0.24	0.53	HPP
BTNY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BTNY
JUTOY	0.19	-0.43	-0.27	-0.07	-0.24	0.0		-0.01	JUTOY
MMSI	0.78	-0.28	0.24	-0.53	0.53	0.0	-0.01		MMSI
	SKLZ	EVVTY	EML	HCHDF	HPP	BTNY	JUTOY	MMSI

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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

MMSI	+ 0.78	SKLZ
MMSI	+ 0.53	HPP
EML	+ 0.48	EVVTY
HPP	+ 0.38	SKLZ
HPP	+ 0.3	EML
HCHDF	+ 0.26	EVVTY

High negative correlations

HCHDF	- 0.74	SKLZ
MMSI	- 0.53	HCHDF
JUTOY	- 0.43	EVVTY
EVVTY	- 0.42	SKLZ
HPP	- 0.38	HCHDF
MMSI	- 0.28	EVVTY

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
SKLZ	3.37	0.10	0.02	0.07	4.70	(3.43)	7.41	(7.35)	27.98
EVVTY	1.64	(0.08)	0.00	(0.30)	0.00	0.00	2.80	(4.02)	9.34
EML	1.76	(0.06)	0.00	(0.14)	0.00	0.00	4.56	(3.58)	9.74
HCHDF	2.63	0.45	0.12	0.65	3.29	(3.21)	8.09	(4.64)	20.97
HPP	3.59	0.08	0.00	(0.03)	0.00	0.00	8.01	(6.06)	21.47
BTNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JUTOY	0.28	0.10	0.00	(0.28)	0.00	0.00	0.00	0.00	9.24
MMSI	1.22	0.05	0.00	(0.01)	0.00	0.00	2.91	(2.72)	7.42

Intuitive Machines Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Intuitive Machines stock to make a market-neutral strategy. Peer analysis of Intuitive Machines could also be used in its relative valuation, which is a method of valuing Intuitive Machines by comparing valuation metrics with similar companies.

Skillz Platform Evolution Gaming Group Eastern Co Hochschild Mining PLC Hudson Pacific Properties ARIA Wireless Systems Jutal Offshore Oil Merit Medical Systems American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Intuitive Machines?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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