Momentus Inc. Class A Common Stock (MNTS) — Stock Correlations & Overview
Over the past year, MNTS has moved most closely with RDW, UFO, FLY. Explore the stocks most correlated and inversely correlated with MNTS below, along with its price, financials, and company profile.
Stocks correlated with MNTS
Correlation of daily returns. Higher positive values move with MNTS; negative values move opposite it. Informational only, not investment advice.
Most correlated with MNTS
| Symbol | Company | Correlation |
|---|---|---|
| RDW | Redwire CorporationGUIDED MISSILES & SPACE VEHICLES & PARTS | 0.46 |
| UFO | Procure Space ETF | 0.46 |
| FLY | Firefly Aerospace Inc. Common StockGUIDED MISSILES & SPACE VEHICLES & PARTS | 0.43 |
| ARKX | ARK Space & Defense Innovation ETF | 0.42 |
| JEDI | Defiance Drone and Modern Warfare ETF | 0.42 |
Most inversely correlated with MNTS
| Symbol | Company | Correlation |
|---|---|---|
| TWM | ProShares UltraShort Russell2000 | -0.36 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.36 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.36 |
| RWM | ProShares Short Russell2000 | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
Frequently asked questions about MNTS correlations
- Which stocks are most correlated with MNTS?
- Based on one year of daily returns, the stocks most correlated with Momentus Inc. Class A Common Stock (MNTS) are RDW (0.46), UFO (0.46) and FLY (0.43). 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 MNTS?
- Over the past year, the stocks most inversely correlated with Momentus Inc. Class A Common Stock (MNTS) are TWM (-0.36), SRTY (-0.36) and TZA (-0.36). 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 MNTS correlations calculated?
- We compute the correlation of daily returns between MNTS 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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