Correlation Analysis Between Lockheed Martin and Twitter

This module allows you to analyze existing cross correlation between Lockheed Martin Corporation and Twitter. You can compare the effects of market volatilities on Lockheed Martin and Twitter and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Lockheed Martin with a short position of Twitter. See also your portfolio center. Please also check ongoing floating volatility patterns of Lockheed Martin and Twitter.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

Lockheed Martin  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Lockheed Martin Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, Lockheed Martin is not utilizing all of its potentials. The latest stock price uproar, may contribute to short horizon losses for the leadership.

Risk-Adjusted Performance

Over the last 30 days Twitter has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of unsteady performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in December 2019. The latest agitation may also be a sign of long running up-swing for the enterprise management.

Lockheed Martin and Twitter Volatility Contrast

 Predicted Return Density 

Lockheed Martin Corp.  vs.  Twitter Inc

 Performance (%) 

Pair Volatility

Considering 30-days investment horizon, Lockheed Martin Corporation is expected to generate 0.29 times more return on investment than Twitter. However, Lockheed Martin Corporation is 3.47 times less risky than Twitter. It trades about 0.06 of its potential returns per unit of risk. Twitter is currently generating about -0.15 per unit of risk. If you would invest  37,815  in Lockheed Martin Corporation on October 23, 2019 and sell it today you would earn a total of  1,211  from holding Lockheed Martin Corporation or generate 3.2% return on investment over 30 days.

Pair Corralation between Lockheed Martin and Twitter

Time Period3 Months [change]
StrengthVery Weak
ValuesDaily Returns

Diversification Opportunities for Lockheed Martin and Twitter

Lockheed Martin Corp. diversification synergy

Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding Lockheed Martin Corp. and Twitter Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Twitter and Lockheed Martin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Lockheed Martin Corporation are associated (or correlated) with Twitter. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Twitter has no effect on the direction of Lockheed Martin i.e. Lockheed Martin and Twitter go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.