Sounding rockets constitute a class of rocket with a generally simple layout, being composed of a cylindrical center-body, a nosecone, a number of fins placed symmetrically around the longitudinal axis (usually three or four), and possibly a boat-tail. This type of flying craft is typically not actively controlled; instead, a passive stabilization effect is obtained through suitable positioning and sizing of the fins. Therefore, in the context of dynamic performance analysis, the margin of static stability is an index of primary interest. However, the classical approach to static stability analysis, which consists in splitting computations in two decoupled domains, namely, around the pitch and yaw axis, provides a very limited insight to the missile performance for this type of vehicle due to the violation of the classical assumptions of planar symmetry and symmetric flight conditions commonly adopted for winged aircraft. To tackle this issue, this paper introduces a method for analyzing static stability through a novel index, capable of more generally assessing the level of static stability for sounding rockets, exploiting the same information on aerodynamic coefficients typically required for more usual (i.e., decoupled) static stability analyses, and suggests a way to assess the validity and shortcoming of the method in each case at hand.