Lindblad Expeditions Correlations

LIND Stock

USD 12.88 0.02 0.16%

The current 90-days correlation between Lindblad Expeditions and MakeMyTrip Limited is 0.22 (i.e., Modest diversification). The correlation of Lindblad Expeditions 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.

Lindblad Expeditions Correlation With Market

Poor diversification

The correlation between Lindblad Expeditions Holdings and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lindblad Stock

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

Moving together with Lindblad Stock

0.98	H	Hyatt Hotels	Pair Corr
0.93	BH	Biglari Holdings	Pair Corr
0.77	EM	Smart Share Global	Pair Corr
0.84	DKNG	DraftKings	Pair Corr
0.81	WING	Wingstop	Pair Corr
0.91	WYNN	Wynn Resorts Limited Sell-off Trend	Pair Corr
0.9	FLUT	Flutter Entertainment plc	Pair Corr
0.76	BDL	Flanigans Enterprises	Pair Corr
0.97	BYD	Boyd Gaming	Pair Corr
0.66	CHH	Choice Hotels Intern	Pair Corr
0.85	CMG	Chipotle Mexican Grill	Pair Corr
0.95	CSV	Carriage Services	Pair Corr
0.97	CUK	Carnival Plc ADS	Pair Corr
0.68	CZR	Caesars Entertainment	Pair Corr
0.87	DIN	Dine Brands Global	Pair Corr
0.81	DRI	Darden Restaurants	Pair Corr
0.68	EAT	Brinker International	Pair Corr
0.96	HLT	Hilton Worldwide Holdings	Pair Corr
0.81	IHG	InterContinental Hotels	Pair Corr
0.94	MAR	Marriott International	Pair Corr
0.64	XPOF	Xponential Fitness	Pair Corr
0.97	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.88	KRUS	Kura Sushi USA	Pair Corr
0.72	LOCO	El Pollo Loco	Pair Corr

Moving against Lindblad Stock

0.82	EJH	E Home Household	Pair Corr
0.79	SG	Sweetgreen	Pair Corr
0.71	DNUT	Krispy Kreme	Pair Corr
0.68	BTBDW	BT Brands Warrant	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.39	FWRG	First Watch Restaurant	Pair Corr
0.9	ZSPC	zSpace, Common stock	Pair Corr
0.75	WEN	The Wendys	Pair Corr
0.64	SDOT	Sadot Group	Pair Corr
0.59	NDLS	Noodles Company	Pair Corr
0.59	TWNP	Twin Hospitality Symbol Change	Pair Corr
0.39	GENK	GEN Restaurant Group,	Pair Corr

Related Correlations Analysis

	MMYT	MOND	TUIFF	ISPO	OSW	CLAR	HONE	MSBI	MCFT
MMYT		0.0	-0.22	-0.52	-0.27	-0.6	0.05	0.03	-0.39	MMYT
MOND	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MOND
TUIFF	-0.22	0.0		-0.04	0.76	0.03	0.7	0.7	0.68	TUIFF
ISPO	-0.52	0.0	-0.04		0.12	0.47	-0.12	-0.25	0.14	ISPO
OSW	-0.27	0.0	0.76	0.12		0.43	0.83	0.79	0.92	OSW
CLAR	-0.6	0.0	0.03	0.47	0.43		0.15	0.22	0.59	CLAR
HONE	0.05	0.0	0.7	-0.12	0.83	0.15		0.87	0.77	HONE
MSBI	0.03	0.0	0.7	-0.25	0.79	0.22	0.87		0.78	MSBI
MCFT	-0.39	0.0	0.68	0.14	0.92	0.59	0.77	0.78		MCFT
	MMYT	MOND	TUIFF	ISPO	OSW	CLAR	HONE	MSBI	MCFT

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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

MCFT	+ 0.92	OSW
MSBI	+ 0.87	HONE
HONE	+ 0.83	OSW
MSBI	+ 0.79	OSW
MCFT	+ 0.78	MSBI
MCFT	+ 0.77	HONE

High negative correlations

CLAR	- 0.6	MMYT
ISPO	- 0.52	MMYT
MCFT	- 0.39	MMYT
OSW	- 0.27	MMYT
MSBI	- 0.25	ISPO
TUIFF	- 0.22	MMYT

Risk-Adjusted Indicators

There is a big difference between Lindblad Stock performing well and Lindblad Expeditions 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 Lindblad Expeditions' 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
MMYT	2.16	(0.26)	(0.06)	0.03	3.29	(2.35)	4.84	(3.36)	24.56
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TUIFF	1.18	0.37	0.00	2.04	0.00	0.00	1.96	0.00	26.99
ISPO	2.56	(0.06)	0.00	(0.88)	0.00	0.00	5.72	(6.45)	27.07
OSW	1.75	0.13	0.16	0.31	1.48	(2.13)	4.11	(2.72)	23.25
CLAR	1.79	(0.11)	(0.06)	0.10	2.36	(1.93)	4.00	(3.14)	13.39
HONE	1.39	0.21	0.11	0.49	1.15	(1.77)	2.59	(2.07)	15.42
MSBI	1.67	0.11	0.02	0.39	1.71	(1.95)	4.04	(2.92)	12.66
MCFT	2.29	0.11	0.09	0.31	2.10	(2.65)	4.21	(4.29)	19.54

Lindblad Expeditions Corporate Management

Craig Felenstein	Chief Officer	Profile
Alexis Freeman	General Counsel	Profile
Keith Taylor	Interim Officer	Profile
Jenelle Findley	Senior Planning	Profile

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