Nauticus Robotics Correlations

KITT Stock

USD 1.37 0.03 2.14%

The current 90-days correlation between Nauticus Robotics and Park Electrochemical is 0.39 (i.e., Weak diversification). The correlation of Nauticus Robotics 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.

Nauticus Robotics Correlation With Market

Very weak diversification

The correlation between Nauticus Robotics and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nauticus Robotics and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nauticus Robotics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Nauticus Stock please use our How to Invest in Nauticus Robotics guide.

Moving together with Nauticus Stock

0.83	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.73	EVTL	Vertical Aerospace	Pair Corr
0.66	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.77	SPR	Spirit Aerosystems	Pair Corr

Moving against Nauticus Stock

0.8	CVU	CPI Aerostructures	Pair Corr
0.72	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.67	CW	Curtiss Wright	Pair Corr
0.67	ESLT	Elbit Systems	Pair Corr
0.64	ERJ	Embraer SA ADR	Pair Corr
0.62	CAE	CAE Inc	Pair Corr
0.58	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.57	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.57	HWM	Howmet Aerospace	Pair Corr
0.48	EH	Ehang Holdings	Pair Corr
0.37	DRS	Leonardo DRS, Common Upward Rally	Pair Corr
0.35	EVEX	Eve Holding	Pair Corr
0.8	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.74	TDG	Transdigm Group Fiscal Year End 14th of November 2024	Pair Corr
0.72	WWD	Woodward Fiscal Year End 21st of November 2024	Pair Corr
0.71	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.7	AIRI	Air Industries Group	Pair Corr
0.68	LMT	Lockheed Martin Sell-off Trend	Pair Corr
0.68	RKLB	Rocket Lab USA	Pair Corr
0.65	SIF	SIFCO Industries	Pair Corr
0.64	LHX	L3Harris Technologies Fiscal Year End 23rd of January 2025	Pair Corr
0.55	VVX	V2X Inc	Pair Corr
0.42	PKE	Park Electrochemical	Pair Corr
0.41	RDW	Redwire Corp Downward Rally	Pair Corr
0.37	ISSC	Innovative Solutions and	Pair Corr

Related Correlations Analysis

	PKE	NPK	DCO	ISSC	VSEC	KAMN	ATRO	CDRE	CW
PKE		0.34	0.24	0.74	0.87	0.62	0.03	0.54	0.76	PKE
NPK	0.34		0.28	0.06	0.25	-0.11	0.47	-0.1	-0.05	NPK
DCO	0.24	0.28		0.05	0.09	0.28	0.46	0.5	0.4	DCO
ISSC	0.74	0.06	0.05		0.77	0.47	-0.1	0.27	0.55	ISSC
VSEC	0.87	0.25	0.09	0.77		0.61	-0.1	0.38	0.69	VSEC
KAMN	0.62	-0.11	0.28	0.47	0.61		-0.05	0.81	0.86	KAMN
ATRO	0.03	0.47	0.46	-0.1	-0.1	-0.05		0.21	-0.06	ATRO
CDRE	0.54	-0.1	0.5	0.27	0.38	0.81	0.21		0.86	CDRE
CW	0.76	-0.05	0.4	0.55	0.69	0.86	-0.06	0.86		CW
	PKE	NPK	DCO	ISSC	VSEC	KAMN	ATRO	CDRE	CW

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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

VSEC	+ 0.87	PKE
CW	+ 0.86	KAMN
CW	+ 0.86	CDRE
CDRE	+ 0.81	KAMN
VSEC	+ 0.77	ISSC
CW	+ 0.76	PKE

High negative correlations

KAMN	- 0.11	NPK
ATRO	- 0.1	VSEC
ATRO	- 0.1	ISSC
CDRE	- 0.1	NPK
CW	- 0.06	ATRO
ATRO	- 0.05	KAMN

Risk-Adjusted Indicators

There is a big difference between Nauticus Stock performing well and Nauticus Robotics 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 Nauticus Robotics' 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
PKE	1.30	0.03	0.04	0.07	1.37	(1.49)	3.41	(2.44)	10.80
NPK	0.98	(0.09)	0.00	(0.07)	0.00	0.00	1.82	(2.12)	5.09
DCO	1.36	(0.12)	0.00	(0.03)	0.00	0.00	2.90	(2.97)	11.62
ISSC	1.91	0.26	0.11	0.60	1.87	(2.24)	5.73	(3.86)	14.09
VSEC	1.90	0.25	0.10	0.18	2.64	(1.91)	2.94	(5.24)	20.39
KAMN	1.85	0.10	0.03	0.23	2.21	(1.87)	5.37	(3.75)	14.48
ATRO	2.00	(0.37)	0.00	(0.10)	0.00	0.00	3.60	(7.33)	15.07
CDRE	1.34	(0.06)	(0.01)	0.01	2.06	(1.26)	2.80	(3.89)	8.66
CW	1.28	0.26	0.16	0.20	1.69	(1.45)	3.23	(3.36)	10.99

Nauticus Robotics Corporate Management

John Yamokoski	Chief Officer	Profile
Nicolaus Radford	CEO, CoFounder	Profile
Donnelly Bohan	Chief Officer	Profile
Ciara Campbell	Vice Resources	Profile
Nicholas Bigney	General Secretary	Profile
Todd Newell	Senior Development	Profile
Kristin PMP	Special Manager	Profile

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