Light Wonder Correlations

LNW Stock

USD 97.99 1.34 1.39%

The current 90-days correlation between Light Wonder and International Game Technology is -0.15 (i.e., Good diversification). The correlation of Light Wonder 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Light Wonder Correlation With Market

Good diversification

The correlation between Light Wonder and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Light Wonder and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Light Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Light Wonder. 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.

For more information on how to buy Light Stock please use our How to Invest in Light Wonder guide.

Moving together with Light Stock

0.75	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.62	RL	Ralph Lauren Corp	Pair Corr
0.73	ANF	Abercrombie Fitch	Pair Corr
0.69	BKE	Buckle Inc	Pair Corr
0.65	FOSL	Fossil Group	Pair Corr
0.61	FND	Floor Decor Holdings	Pair Corr
0.76	GES	Guess Inc	Pair Corr
0.72	HVT	Haverty Furniture	Pair Corr
0.68	LEG	Leggett Platt	Pair Corr
0.72	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.63	UAA	Under Armour A	Pair Corr
0.67	ARHS	Arhaus Inc	Pair Corr
0.62	ALL	Aristocrat Leisure	Pair Corr
0.72	INBX	Inhibrx Biosciences,	Pair Corr
0.74	LNDNF	Lundin Energy AB	Pair Corr

Moving against Light Stock

0.31	AEO	American Eagle Outfitters	Pair Corr
0.55	TOY	Toys R ANZ	Pair Corr
0.5	ROST	Ross Stores	Pair Corr
0.48	603057	Shanghai Ziyan Foods	Pair Corr

Related Correlations Analysis

	CDRO	INSE	IGT	ACEL	AGS	EVRI	CHDN
CDRO		0.65	0.52	0.73	0.54	0.52	0.43	CDRO
INSE	0.65		0.6	0.82	0.66	0.63	0.59	INSE
IGT	0.52	0.6		0.4	0.07	0.04	0.12	IGT
ACEL	0.73	0.82	0.4		0.79	0.63	0.72	ACEL
AGS	0.54	0.66	0.07	0.79		0.85	0.77	AGS
EVRI	0.52	0.63	0.04	0.63	0.85		0.51	EVRI
CHDN	0.43	0.59	0.12	0.72	0.77	0.51		CHDN
	CDRO	INSE	IGT	ACEL	AGS	EVRI	CHDN

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Risk-Adjusted Indicators

There is a big difference between Light Stock performing well and Light Wonder 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 Light Wonder'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
CDRO	1.39	0.16	0.07	0.33	1.34	(1.53)	3.82	(2.80)	12.01
INSE	2.00	0.27	0.12	0.37	2.04	(2.17)	4.42	(3.64)	9.87
IGT	1.70	0.33	0.08	2.12	2.22	(1.81)	3.31	(3.39)	19.97
ACEL	1.17	0.09	0.01	0.29	1.59	(1.22)	2.46	(2.13)	9.76
AGS	0.23	0.04	(0.26)	(0.65)	0.29	(0.25)	0.49	(0.50)	1.85
EVRI	0.22	0.07	(0.19)	(1.02)	0.23	(0.28)	0.73	(0.36)	2.10
CHDN	1.45	(0.02)	(0.02)	0.12	3.67	(1.17)	2.51	(2.82)	19.23

Light Wonder Corporate Management

Stephen Richardson	Chief VP	Profile
Siobhan Lane	Executive Gaming	Profile
Constance James	CFO, EVP	Profile
Vanja Kalabic	Senior Officer	Profile
CA BEC	Executive Chair	Profile
Steven Stamstad	Senior Communications	Profile

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