Lockheed Martin Corp. (LMT) — Stock Correlations & Overview
Over the past year, LMT has moved most closely with LMTL, NOC, SHLD. Explore the stocks most correlated and inversely correlated with LMT below, along with its price, financials, and company profile.
Stocks correlated with LMT
Correlation of daily returns. Higher positive values move with LMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with LMT
| Symbol | Company | Correlation |
|---|---|---|
| LMTL | Direxion Daily LMT Bull 2X ETF | 0.99 |
| NOC | Northrop Grumman Corp.SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS | 0.71 |
| SHLD | Global X Defense Tech ETF | 0.62 |
| LHX | L3Harris Technologies, Inc.SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS | 0.60 |
| RTX | RTX CorporationAIRCRAFT ENGINES & ENGINE PARTS | 0.59 |
Most inversely correlated with LMT
| Symbol | Company | Correlation |
|---|---|---|
| SXTC | China SXT Pharmaceuticals, Inc. Class A Ordinary Shares | -0.31 |
| SIJ | ProShares UltraShort Industrials | -0.29 |
| SOTK | Sono-Tek Corporation Common StockSPECIAL INDUSTRY MACHINERY, NEC | -0.20 |
| SDP | ProShares UltraShort Utilities | -0.20 |
| MTEN | Mingteng International Corporation Inc. Class A Ordinary Shares | -0.20 |
Frequently asked questions about LMT correlations
- Which stocks are most correlated with LMT?
- Based on one year of daily returns, the stocks most correlated with Lockheed Martin Corp. (LMT) are LMTL (0.99), NOC (0.71) and SHLD (0.62). 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 LMT?
- Over the past year, the stocks most inversely correlated with Lockheed Martin Corp. (LMT) are SXTC (-0.31), SIJ (-0.29) and SOTK (-0.20). 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 LMT correlations calculated?
- We compute the correlation of daily returns between LMT 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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