Launch, satellite comms, earth observation.
ASTS | BKSY | PL | RKLB | SATL | |
|---|---|---|---|---|---|
| ASTS | · | 0.58 | 0.39 | 0.65 | 0.46 |
| BKSY | 0.58 | · | 0.46 | 0.65 | 0.52 |
| PL | 0.39 | 0.46 |
Themes are editorial groupings — narrative buckets used for technical screens. They exist alongside bubbles, which are validated empirically by capital-flow co-movement.
When a theme's avg correlation is high, the editorial story is also tradeable as a bloc. When it's low, the narrative groups stocks that don't actually move together — useful for thinking, less useful for trading.
| · |
| 0.44 |
| 0.36 |
| RKLB | 0.65 | 0.65 | 0.44 | · | 0.43 |
| SATL | 0.46 | 0.52 | 0.36 | 0.43 | · |