Planet Labs Correlations

PL Stock

USD 4.39 0.28 6.00%

The current 90-days correlation between Planet Labs PBC and Eve Holding is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Labs PBC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Planet Labs Correlation With Market

Weak diversification

The correlation between Planet Labs PBC 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 Planet Labs PBC and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Planet Stock

0.7	BA	Boeing	Pair Corr
0.65	EH	Ehang Holdings	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.68	BA-PA	Boeing	Pair Corr
0.75	ERJ	Embraer SA ADR	Pair Corr
0.73	HWM	Howmet Aerospace	Pair Corr
0.88	RDW	Redwire Corp	Pair Corr
0.79	RTX	Raytheon Technologies	Pair Corr
0.75	TGI	Triumph Group	Pair Corr
0.7	WWD	Woodward	Pair Corr

Moving against Planet Stock

0.66	GD	General Dynamics	Pair Corr
0.59	LHX	L3Harris Technologies	Pair Corr
0.5	HII	Huntington Ingalls	Pair Corr
0.45	CW	Curtiss Wright	Pair Corr
0.44	EVTL	Vertical Aerospace	Pair Corr
0.32	KWE	KWESST Micro Systems	Pair Corr
0.76	LMT	Lockheed Martin	Pair Corr
0.62	TXT	Textron	Pair Corr
0.62	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.58	GPUS-PD	Hyperscale Data,	Pair Corr
0.34	RGR	Sturm Ruger	Pair Corr

Related Correlations Analysis

	ASTR	SPCE	EVEX	RDW	MNTS	LLAP	RKLB	LUNR	SIDU
ASTR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ASTR
SPCE	0.0		-0.22	-0.76	0.84	0.0	-0.41	-0.58	-0.12	SPCE
EVEX	0.0	-0.22		0.32	0.08	0.0	0.65	0.44	0.66	EVEX
RDW	0.0	-0.76	0.32		-0.52	0.0	0.76	0.82	0.14	RDW
MNTS	0.0	0.84	0.08	-0.52		0.0	-0.11	-0.19	0.19	MNTS
LLAP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LLAP
RKLB	0.0	-0.41	0.65	0.76	-0.11	0.0		0.76	0.35	RKLB
LUNR	0.0	-0.58	0.44	0.82	-0.19	0.0	0.76		0.21	LUNR
SIDU	0.0	-0.12	0.66	0.14	0.19	0.0	0.35	0.21		SIDU
	ASTR	SPCE	EVEX	RDW	MNTS	LLAP	RKLB	LUNR	SIDU

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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

MNTS	+ 0.84	SPCE
LUNR	+ 0.82	RDW
RKLB	+ 0.76	RDW
LUNR	+ 0.76	RKLB
SIDU	+ 0.66	EVEX
RKLB	+ 0.65	EVEX

High negative correlations

RDW	- 0.76	SPCE
LUNR	- 0.58	SPCE
MNTS	- 0.52	RDW
RKLB	- 0.41	SPCE
EVEX	- 0.22	SPCE
LUNR	- 0.19	MNTS

Risk-Adjusted Indicators

There is a big difference between Planet Stock performing well and Planet Labs 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 Planet Labs' 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
ASTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
RDW	5.77	0.45	0.07	0.28	6.24	(6.13)	13.40	(10.45)	61.84
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
RKLB	4.55	0.25	0.05	0.12	4.95	(5.45)	11.05	(9.83)	38.07
LUNR	5.64	0.35	0.06	0.56	5.47	(6.73)	14.20	(9.31)	33.02
SIDU	10.19	2.98	0.31	(0.64)	8.35	(14.27)	14.65	(12.96)	258.03

Planet Labs Corporate Management

Brian Hernacki	VP Software	Profile
Kristi Erickson	Chief Officer	Profile
Robert Schingler	Chief CoFounder	Profile
Andrew Zolli	Chief Officer	Profile
Tramayne Whitney	Chief Officer	Profile
Donna Prlich	Chief Officer	Profile
Amy Keating	Chief Secretary	Profile

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