Mercury Systems Inc. (MRCY) — Stock Correlations & Overview
Over the past year, MRCY has moved most closely with XAR, GCAD, MISL. Explore the stocks most correlated and inversely correlated with MRCY below, along with its price, financials, and company profile.
Stocks correlated with MRCY
Correlation of daily returns. Higher positive values move with MRCY; negative values move opposite it. Informational only, not investment advice.
Most correlated with MRCY
| Symbol | Company | Correlation |
|---|---|---|
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 0.76 |
| GCAD | Gabelli Commercial Aerospace and Defense ETF | 0.72 |
| MISL | First Trust Indxx Aerospace & Defense ETF | 0.72 |
| PPA | Invesco Aerospace & Defense ETF | 0.72 |
| IDEF | BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF | 0.72 |
Frequently asked questions about MRCY correlations
- Which stocks are most correlated with MRCY?
- Based on one year of daily returns, the stocks most correlated with Mercury Systems Inc. (MRCY) are XAR (0.76), GCAD (0.72) and MISL (0.72). 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 MRCY?
- Over the past year, the stocks most inversely correlated with Mercury Systems Inc. (MRCY) are SRTY (-0.56), TWM (-0.56) and TZA (-0.56). 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 MRCY correlations calculated?
- We compute the correlation of daily returns between MRCY 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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