LGL Correlations

LGL Stock

USD 6.90 0.20 2.99%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LGL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LGL Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LGL Correlation With Market

Modest diversification

The correlation between LGL Group and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LGL Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LGL Stock

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

Moving against LGL Stock

0.38	KNW	Know Labs Trending	Pair Corr
0.32	WRAP	Wrap Technologies Tech Boost	Pair Corr
0.48	SOBR	Sobr Safe	Pair Corr
0.43	SVRE	SaverOne 2014 Upward Rally	Pair Corr
0.32	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	DAKT	BELFB	LYTS	SANM	MPAD	DSWL	SGMA	IEHC	ELTK	KOPN
DAKT		0.42	-0.04	0.8	0.0	0.45	0.63	0.71	0.78	0.61	DAKT
BELFB	0.42		0.72	0.51	0.0	0.67	0.25	0.18	0.53	0.68	BELFB
LYTS	-0.04	0.72		-0.03	0.0	0.59	-0.08	-0.24	0.02	0.25	LYTS
SANM	0.8	0.51	-0.03		0.0	0.37	0.77	0.72	0.71	0.7	SANM
MPAD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MPAD
DSWL	0.45	0.67	0.59	0.37	0.0		0.31	0.11	0.39	0.47	DSWL
SGMA	0.63	0.25	-0.08	0.77	0.0	0.31		0.75	0.58	0.45	SGMA
IEHC	0.71	0.18	-0.24	0.72	0.0	0.11	0.75		0.65	0.5	IEHC
ELTK	0.78	0.53	0.02	0.71	0.0	0.39	0.58	0.65		0.66	ELTK
KOPN	0.61	0.68	0.25	0.7	0.0	0.47	0.45	0.5	0.66		KOPN
	DAKT	BELFB	LYTS	SANM	MPAD	DSWL	SGMA	IEHC	ELTK	KOPN

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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

SANM	+ 0.8	DAKT
ELTK	+ 0.78	DAKT
SGMA	+ 0.77	SANM
IEHC	+ 0.75	SGMA
LYTS	+ 0.72	BELFB
IEHC	+ 0.72	SANM

High negative correlations

IEHC	- 0.24	LYTS
SGMA	- 0.08	LYTS
LYTS	- 0.04	DAKT
SANM	- 0.03	LYTS
KOPN	- 0.0	MPAD
ELTK	- 0.0	MPAD

Risk-Adjusted Indicators

There is a big difference between LGL Stock performing well and LGL 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 LGL'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
DAKT	2.25	0.22	0.06	0.17	3.56	(2.18)	4.44	(6.16)	21.69
BELFB	2.59	0.03	0.01	0.02	3.65	(2.80)	4.95	(4.93)	21.09
LYTS	1.84	(0.07)	0.00	(0.05)	0.00	0.00	3.58	(4.13)	15.52
SANM	1.92	0.24	0.09	0.21	2.45	(2.23)	3.88	(3.24)	14.36
MPAD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSWL	1.40	0.02	0.01	0.09	1.84	(1.81)	3.33	(3.49)	10.38
SGMA	6.76	2.16	0.34	151.32	4.59	(10.02)	12.61	(9.84)	130.57
IEHC	2.25	0.39	0.06	157.81	3.09	(4.77)	7.43	(4.99)	21.84
ELTK	2.27	(0.10)	0.00	(0.14)	0.00	0.00	4.34	(3.27)	23.17
KOPN	4.62	0.34	0.05	0.14	6.50	(5.14)	8.39	(8.79)	32.83

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