Momentus Correlations
| MNTSW Stock | USD 0.01 0.0005 3.70% |
The current 90-days correlation between Momentus and Momentus is 0.75 (i.e., Poor diversification). The correlation of Momentus 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.
Momentus Correlation With Market
Significant diversification
The correlation between Momentus and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Momentus and DJI in the same portfolio, assuming nothing else is changed.
Momentus |
Moving against Momentus Stock
| 0.45 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.4 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | HII | Huntington Ingalls | PairCorr |
| 0.38 | SIF | SIFCO Industries | PairCorr |
| 0.36 | KWE | KWESST Micro Systems Fiscal Year End 15th of January 2025 | PairCorr |
| 0.59 | KITT | Nauticus Robotics | PairCorr |
| 0.55 | AIRI | Air Industries Group | PairCorr |
| 0.38 | SPR | Spirit Aerosystems | PairCorr |
| 0.38 | KITTW | Nauticus Robotics | PairCorr |
| 0.31 | POWWP | Ammo Preferred | PairCorr |
Related Correlations Analysis
| 0.21 | -0.03 | -0.33 | -0.48 | ASTSW | ||
| 0.21 | -0.02 | -0.4 | -0.78 | MVSTW | ||
| -0.03 | -0.02 | 0.23 | 0.0 | MNTS | ||
| -0.33 | -0.4 | 0.23 | 0.48 | FFIEW | ||
| -0.48 | -0.78 | 0.0 | 0.48 | XOSWW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Momentus Stock performing well and Momentus 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 Momentus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASTSW | 10.59 | 3.22 | 0.31 | (1.82) | 7.81 | 27.59 | 119.49 | |||
| MVSTW | 15.03 | 5.01 | 0.40 | (3.51) | 9.80 | 37.50 | 207.74 | |||
| MNTS | 8.36 | (0.17) | 0.06 | 0.10 | 8.76 | 10.91 | 192.95 | |||
| FFIEW | 9.41 | (0.03) | (0.01) | 0.04 | 10.37 | 25.87 | 61.87 | |||
| XOSWW | 10.13 | (1.21) | 0.00 | 0.70 | 0.00 | 24.32 | 87.23 |
Momentus Corporate Management
| Lon Ensler | Interim Officer | Profile | |
| Chris Kinman | Chief Officer | Profile | |
| Karen Plonty | Chief Officer | Profile | |
| Jikun Kim | Chief Officer | Profile | |
| Fred Kennedy | President | Profile |