Planet Labs Correlations
| PL Stock | USD 4.24 0.08 1.85% |
The current 90-days correlation between Planet Labs PBC and Eve Holding is 0.5 (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
Very weak diversification
The correlation between Planet Labs PBC and DJI is 0.41 (i.e., Very 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.
Planet |
Moving together with Planet Stock
| 0.66 | BA | Boeing | PairCorr |
| 0.68 | GE | GE Aerospace | PairCorr |
| 0.63 | BA-PA | Boeing | PairCorr |
| 0.86 | RDW | Redwire Corp | PairCorr |
| 0.64 | SPR | Spirit Aerosystems | PairCorr |
| 0.66 | WWD | Woodward | PairCorr |
Moving against Planet Stock
| 0.52 | GD | General Dynamics | PairCorr |
| 0.47 | HII | Huntington Ingalls | PairCorr |
| 0.41 | HEI | Heico | PairCorr |
| 0.35 | EVTL | Vertical Aerospace | PairCorr |
| 0.62 | LMT | Lockheed Martin | PairCorr |
| 0.43 | LHX | L3Harris Technologies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | |||
| SPCE | 3.38 | (0.40) | 0.00 | (0.35) | 0.00 | 7.43 | 21.25 | |||
| EVEX | 3.97 | (0.16) | 0.00 | (0.15) | 0.00 | 7.22 | 20.12 | |||
| RDW | 6.03 | 0.62 | 0.06 | 0.08 | 6.49 | 13.22 | 64.06 | |||
| MNTS | 7.09 | (0.87) | 0.00 | (0.53) | 0.00 | 18.95 | 48.76 | |||
| LLAP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RKLB | 4.66 | 0.07 | 0.00 | (0.05) | 0.00 | 8.15 | 40.12 | |||
| LUNR | 6.50 | (0.09) | 0.00 | (0.10) | 0.00 | 14.20 | 46.62 | |||
| SIDU | 10.36 | 2.28 | 0.25 | (1.97) | 8.82 | 14.65 | 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 |