General Dynamics Correlations

GD Stock  USD 299.63  1.63  0.55%   
The current 90-days correlation between General Dynamics and Lockheed Martin is 0.37 (i.e., Weak diversification). The correlation of General Dynamics 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.

General Dynamics Correlation With Market

Modest diversification

The correlation between General Dynamics and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Dynamics and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade General Stock refer to our How to Trade General Stock guide.

Moving together with General Stock

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  0.66LHX L3Harris Technologies Financial Report 24th of July 2024 PairCorr
  0.8LMT Lockheed Martin Financial Report 16th of July 2024 PairCorr
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  0.9RTX Raytheon Technologies Financial Report 23rd of July 2024 PairCorr
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  0.82WWD Woodward Fiscal Year End 21st of November 2024 PairCorr

Moving against General Stock

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Related Correlations Analysis

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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   
RTXLMT
CWRTX
CWLHX
CWLMT
LHXRTX
LHXLMT
  
High negative correlations   
NOCRTX
CWNOC
NOCLHX
HXLRTX
HXLLMT
BANOC

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Dynamics 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 General Dynamics' 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.