General Dynamics Correlations
| GD Stock | USD 284.41 0.49 0.17% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Dynamics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Dynamics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between General Dynamics and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Dynamics and NYA in the same portfolio, assuming nothing else is changed.
General |
The ability to find closely correlated positions to General Dynamics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Dynamics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back General Dynamics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling General Dynamics to buy it.
Moving together with General Stock
| 0.92 | CW | Curtiss Wright Financial Report 1st of May 2024 | PairCorr |
| 0.84 | EH | Ehang Holdings | PairCorr |
| 0.82 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.66 | EVTL | Vertical Aerospace | PairCorr |
| 0.85 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
Moving against General Stock
| 0.88 | AZ | A2Z Smart Technologies | PairCorr |
| 0.83 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.74 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.49 | PL | Planet Labs PBC Financial Report 13th of June 2024 | PairCorr |
| 0.47 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
| 0.72 | KWE | KWESST Micro Systems Financial Report 9th of May 2024 | PairCorr |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LMT | 0.57 | 0.10 | 0.04 | 1.27 | 0.50 | 1.28 | 3.60 | |||
| RTX | 0.57 | 0.18 | 0.20 | 1.09 | 0.22 | 1.50 | 3.22 | |||
| LHX | 0.71 | (0.01) | (0.07) | 0.05 | 0.88 | 1.67 | 5.06 | |||
| NOC | 0.78 | 0.04 | (0.01) | 0.21 | 1.41 | 1.59 | 6.33 | |||
| BA | 1.24 | (0.39) | 0.00 | (0.73) | 0.00 | 2.37 | 9.57 | |||
| CW | 0.66 | 0.15 | 0.12 | 0.79 | 0.57 | 1.39 | 4.29 | |||
| HXL | 1.37 | (0.17) | 0.00 | (0.66) | 0.00 | 2.06 | 15.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in General Dynamics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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General Dynamics Corporate Directors
General Dynamics corporate directors refer to members of a General Dynamics board of directors. The board of directors generally takes responsibility for the General Dynamics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of General Dynamics' board members must vote for the resolution. The General Dynamics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Lester Lyles | Independent Director | Profile | |
| Mark Malcolm | Independent Director | Profile | |
| Robert Steel | Independent Director | Profile | |
| Rudy Leon | Independent Director | Profile |
Already Invested in General Dynamics?
The danger of trading General Dynamics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of General Dynamics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than General Dynamics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile General Dynamics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether General Dynamics is a strong investment it is important to analyze General Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact General Dynamics' future performance. For an informed investment choice regarding General Stock, refer to the following important reports: 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 tightly coupled 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.Note that the General Dynamics information on this page should be used as a complementary analysis to other General Dynamics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for General Stock analysis
When running General Dynamics' price analysis, check to measure General Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy General Dynamics is operating at the current time. Most of General Dynamics' value examination focuses on studying past and present price action to predict the probability of General Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Dynamics' price. Additionally, you may evaluate how the addition of General Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is General Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of General Dynamics. If investors know General will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about General Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.014 | Dividend Share 5.28 | Earnings Share 12.03 | Revenue Per Share 154.761 | Quarterly Revenue Growth 0.075 |
The market value of General Dynamics is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Dynamics' value that differs from its market value or its book value, called intrinsic value, which is General Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because General Dynamics' market value can be influenced by many factors that don't directly affect General Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between General Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if General Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.