Karman Holdings Inc. (KRMN) — Stock Correlations & Overview
Over the past year, KRMN has moved most closely with XAR, KTUP, MISL. Explore the stocks most correlated and inversely correlated with KRMN below, along with its price, financials, and company profile.
Stocks correlated with KRMN
Correlation of daily returns. Higher positive values move with KRMN; negative values move opposite it. Informational only, not investment advice.
Most correlated with KRMN
| Symbol | Company | Correlation |
|---|---|---|
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 0.70 |
| KTUP | T-REX 2X Long KTOS Daily Target ETF | 0.67 |
| MISL | First Trust Indxx Aerospace & Defense ETF | 0.67 |
| KTOS | Kratos Defense & Security Solutions, Inc.GUIDED MISSILES & SPACE VEHICLES & PARTS | 0.66 |
| ARKX | ARK Space & Defense Innovation ETF | 0.65 |
Most inversely correlated with KRMN
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.49 |
| TWM | ProShares UltraShort Russell2000 | -0.47 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.47 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.46 |
| RWM | ProShares Short Russell2000 | -0.46 |
Frequently asked questions about KRMN correlations
- Which stocks are most correlated with KRMN?
- Based on one year of daily returns, the stocks most correlated with Karman Holdings Inc. (KRMN) are XAR (0.70), KTUP (0.67) and MISL (0.67). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KRMN?
- Over the past year, the stocks most inversely correlated with Karman Holdings Inc. (KRMN) are SARK (-0.49), TWM (-0.47) and SRTY (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KRMN correlations calculated?
- We compute the correlation of daily returns between KRMN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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