Mercury Systems Correlations

MRCY Stock

USD 45.29 1.17 2.52%

The current 90-days correlation between Mercury Systems and Hexcel is 0.18 (i.e., Average diversification). The correlation of Mercury Systems 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.

Mercury Systems Correlation With Market

Weak diversification

The correlation between Mercury Systems and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercury Systems 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 Mercury Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Mercury Stock please use our How to Invest in Mercury Systems guide.

Moving together with Mercury Stock

0.67	GE	GE Aerospace	Pair Corr
0.61	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.61	RTX	Raytheon Technologies	Pair Corr
0.7	TGI	Triumph Group Sell-off Trend	Pair Corr
0.62	WWD	Woodward	Pair Corr

Moving against Mercury Stock

0.54	VTSI	VirTra Inc	Pair Corr
0.5	DPRO	Draganfly Earnings Call This Week	Pair Corr
0.38	EVEX	Eve Holding	Pair Corr
0.37	EVTL	Vertical Aerospace	Pair Corr
0.32	CW	Curtiss Wright	Pair Corr
0.53	KWE	KWESST Micro Systems	Pair Corr
0.48	LMT	Lockheed Martin Downward Rally	Pair Corr
0.39	SIF	SIFCO Industries	Pair Corr
0.38	LHX	L3Harris Technologies	Pair Corr
0.33	PKE	Park Electrochemical	Pair Corr
0.68	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.56	TXT	Textron	Pair Corr
0.55	MNTS	Momentus	Pair Corr
0.54	GPUS-PD	Hyperscale Data,	Pair Corr

Related Correlations Analysis

	CW	HXL	KAMN	DCO	WWD	AIR	MOG-A	PKE	NPK	ISSC
CW		0.68	0.0	0.72	-0.04	0.23	0.92	0.8	0.14	0.57	CW
HXL	0.68		0.0	0.82	0.39	0.36	0.64	0.75	0.66	0.77	HXL
KAMN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	KAMN
DCO	0.72	0.82	0.0		0.4	0.6	0.67	0.79	0.34	0.9	DCO
WWD	-0.04	0.39	0.0	0.4		0.73	-0.09	0.1	0.43	0.5	WWD
AIR	0.23	0.36	0.0	0.6	0.73		0.2	0.23	0.05	0.54	AIR
MOG-A	0.92	0.64	0.0	0.67	-0.09	0.2		0.69	0.09	0.48	MOG-A
PKE	0.8	0.75	0.0	0.79	0.1	0.23	0.69		0.3	0.74	PKE
NPK	0.14	0.66	0.0	0.34	0.43	0.05	0.09	0.3		0.41	NPK
ISSC	0.57	0.77	0.0	0.9	0.5	0.54	0.48	0.74	0.41		ISSC
	CW	HXL	KAMN	DCO	WWD	AIR	MOG-A	PKE	NPK	ISSC

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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

MOG-A	+ 0.92	CW
ISSC	+ 0.9	DCO
DCO	+ 0.82	HXL
PKE	+ 0.8	CW
PKE	+ 0.79	DCO
ISSC	+ 0.77	HXL

High negative correlations

MOG-A	- 0.09	WWD
WWD	- 0.04	CW
ISSC	- 0.0	KAMN
NPK	- 0.0	KAMN
PKE	- 0.0	KAMN
MOG-A	- 0.0	KAMN

Risk-Adjusted Indicators

There is a big difference between Mercury Stock performing well and Mercury Systems 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 Mercury Systems' 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
CW	1.61	(0.07)	0.00	(0.14)	0.00	0.00	3.08	(4.36)	16.04
HXL	1.34	(0.09)	0.00	(0.15)	0.00	0.00	2.34	(3.25)	7.60
KAMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCO	1.15	(0.06)	0.00	(0.21)	0.00	0.00	2.09	(2.77)	10.87
WWD	1.29	0.15	0.10	0.10	1.51	(1.35)	2.58	(2.76)	6.26
AIR	1.23	0.14	0.11	0.17	1.41	(1.26)	2.30	(2.75)	12.14
MOG-A	1.57	(0.15)	0.00	(0.22)	0.00	0.00	2.35	(4.21)	11.03
PKE	1.32	(0.05)	0.00	(0.13)	0.00	0.00	2.27	(2.98)	7.97
NPK	1.16	0.02	0.00	(0.04)	0.00	0.00	1.78	(2.41)	9.22
ISSC	2.78	0.04	0.00	(0.04)	0.00	0.00	5.14	(5.85)	32.27

Mercury Systems Corporate Management

Tyler CFA	VP Relations	Profile
Tod Brindlinger	Senior Operations	Profile
Stephanie Georges	Executive Officer	Profile
Imtiaz Iqbal	Chief Officer	Profile
Steven Ratner	Executive Officer	Profile

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