Linkage Global Correlations

LGCB Stock

2.50 0.05 1.96%

The current 90-days correlation between Linkage Global Ordinary and Ark Restaurants Corp is 0.02 (i.e., Significant diversification). The correlation of Linkage Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Linkage Global Correlation With Market

Very good diversification

The correlation between Linkage Global Ordinary and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Linkage Global Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Linkage Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linkage Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Linkage Stock

0.69	ASO	Academy Sports Outdoors	Pair Corr
0.69	HVT	Haverty Furniture	Pair Corr
0.88	GRPN	Groupon Downward Rally	Pair Corr
0.78	ARHS	Arhaus Inc	Pair Corr
0.81	SPWH	Sportsmans	Pair Corr
0.83	BC	Brunswick	Pair Corr
0.84	BH	Biglari Holdings	Pair Corr
0.67	IH	Ihuman Inc	Pair Corr
0.74	VC	Visteon Corp	Pair Corr
0.88	DOOO	BRP Inc	Pair Corr
0.82	WING	Wingstop	Pair Corr
0.84	ALV	Autoliv Earnings Call This Week	Pair Corr
0.82	BDL	Flanigans Enterprises	Pair Corr
0.77	BWA	BorgWarner	Pair Corr
0.76	BYD	Boyd Gaming	Pair Corr
0.63	CMG	Chipotle Mexican Grill	Pair Corr
0.78	FOXF	Fox Factory Holding	Pair Corr
0.76	COE	51Talk Online Education	Pair Corr
0.78	DAN	Dana Inc	Pair Corr
0.78	DIN	Dine Brands Global	Pair Corr
0.79	HAS	Hasbro Inc	Pair Corr

Moving against Linkage Stock

0.76	SG	Sweetgreen	Pair Corr
0.72	EEIQ	Elite Education Group	Pair Corr
0.58	EDTK	Skillful Craftsman	Pair Corr
0.45	VSTA	Vasta Platform	Pair Corr
0.42	DPZ	Dominos Pizza Common	Pair Corr
0.33	VEEE	Twin Vee Powercats	Pair Corr
0.73	WEN	The Wendys	Pair Corr
0.56	BTBDW	BT Brands Warrant	Pair Corr
0.54	MCD	McDonalds	Pair Corr
0.54	GENK	GEN Restaurant Group,	Pair Corr

Related Correlations Analysis

	INN	KRUS	BHR-PD	ARKR	ARIS	UUGWF	SHAK
INN		0.85	0.81	-0.09	-0.14	0.76	0.88	INN
KRUS	0.85		0.86	-0.01	-0.05	0.82	0.9	KRUS
BHR-PD	0.81	0.86		0.13	-0.21	0.77	0.89	BHR-PD
ARKR	-0.09	-0.01	0.13		-0.52	0.09	0.25	ARKR
ARIS	-0.14	-0.05	-0.21	-0.52		-0.16	-0.3	ARIS
UUGWF	0.76	0.82	0.77	0.09	-0.16		0.81	UUGWF
SHAK	0.88	0.9	0.89	0.25	-0.3	0.81		SHAK
	INN	KRUS	BHR-PD	ARKR	ARIS	UUGWF	SHAK

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SHAK	+ 0.9	KRUS
SHAK	+ 0.89	BHR-PD
SHAK	+ 0.88	INN
BHR-PD	+ 0.86	KRUS
KRUS	+ 0.85	INN
UUGWF	+ 0.82	KRUS

High negative correlations

ARIS	- 0.52	ARKR
SHAK	- 0.3	ARIS
ARIS	- 0.21	BHR-PD
UUGWF	- 0.16	ARIS
ARIS	- 0.14	INN
ARKR	- 0.09	INN

Risk-Adjusted Indicators

There is a big difference between Linkage Stock performing well and Linkage Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Linkage Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
INN	2.35	0.17	0.15	0.33	2.13	(2.74)	6.05	(3.12)	22.39
KRUS	3.13	0.32	0.19	0.36	2.88	(3.69)	6.20	(4.34)	43.49
BHR-PD	1.39	0.08	(0.05)	0.55	1.82	(1.62)	3.77	(2.32)	11.76
ARKR	2.50	0.08	(0.08)	0.02	2.76	(3.75)	5.58	(4.44)	38.55
ARIS	3.01	(0.37)	0.00	(0.07)	0.00	0.00	4.60	(5.50)	31.21
UUGWF	0.59	0.20	0.00	130.24	0.00	0.00	2.84	0.00	11.75
SHAK	2.01	0.52	0.30	0.54	1.50	(2.36)	6.38	(3.47)	21.69

Linkage Global Corporate Management

Shunyu Wu	Department Sales	Profile
Zijun Li	Chief Officer	Profile
Hanson Ji	Chief Officer	Profile
Yang Wang	Chief Officer	Profile

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