LPL Financial Correlations

LPLA Stock

USD 378.17 3.81 1.02%

The current 90-days correlation between LPL Financial Holdings and Tradeweb Markets is 0.18 (i.e., Average diversification). The correlation of LPL Financial 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.

LPL Financial Correlation With Market

Very weak diversification

The correlation between LPL Financial Holdings and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LPL Financial Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LPL Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LPL Financial 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 bureau of economic analysis.

Moving together with LPL Stock

0.8	V	Visa Class A Earnings Call This Week	Pair Corr
0.69	GS	Goldman Sachs Group	Pair Corr
0.75	MA	Mastercard	Pair Corr
0.64	MC	Moelis	Pair Corr
0.72	SF	Stifel Financial	Pair Corr
0.68	WSBF	Waterstone Financial	Pair Corr
0.87	AMP	Ameriprise Financial Earnings Call Tomorrow	Pair Corr
0.82	AXP	American Express	Pair Corr
0.69	COF	Capital One Financial	Pair Corr
0.72	EVR	Evercore Partners	Pair Corr
0.79	HLI	Houlihan Lokey Earnings Call This Week	Pair Corr
0.77	JXN	Jackson Financial Normal Trading	Pair Corr
0.74	LAZ	Lazard Earnings Call Today	Pair Corr
0.8	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.65	PJT	PJT Partners Earnings Call This Week	Pair Corr
0.7	PWP	Perella Weinberg Partners	Pair Corr
0.85	GAIN	Gladstone Investment	Pair Corr
0.73	GLAD	Gladstone Capital	Pair Corr
0.82	OPFI	OppFi Inc	Pair Corr
0.69	PFLT	PennantPark Floating Rate	Pair Corr
0.61	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.87	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.71	ALLY	Ally Financial Sell-off Trend	Pair Corr

Moving against LPL Stock

0.89	EZPW	EZCORP Inc Earnings Call This Week	Pair Corr
0.69	SRL	Scully Royalty	Pair Corr
0.34	HRZN	Horizon Technology Earnings Call This Week	Pair Corr
0.32	MKTX	MarketAxess Holdings	Pair Corr
0.73	AMRK	Amark Preci	Pair Corr
0.62	ORGN	Origin Materials	Pair Corr
0.4	PSEC	Prospect Capital	Pair Corr

Related Correlations Analysis

	TW	RJF	PJT	MC	SF	MKTX	PIPR	EVR	LAZ	HLI
TW		0.19	0.0	0.0	0.06	0.06	0.0	0.04	0.13	0.18	TW
RJF	0.19		0.91	0.95	0.97	-0.45	0.94	0.94	0.96	0.95	RJF
PJT	0.0	0.91		0.95	0.95	-0.41	0.96	0.98	0.96	0.96	PJT
MC	0.0	0.95	0.95		0.97	-0.52	0.98	0.95	0.96	0.95	MC
SF	0.06	0.97	0.95	0.97		-0.42	0.96	0.98	0.96	0.95	SF
MKTX	0.06	-0.45	-0.41	-0.52	-0.42		-0.46	-0.38	-0.5	-0.48	MKTX
PIPR	0.0	0.94	0.96	0.98	0.96	-0.46		0.95	0.96	0.94	PIPR
EVR	0.04	0.94	0.98	0.95	0.98	-0.38	0.95		0.97	0.96	EVR
LAZ	0.13	0.96	0.96	0.96	0.96	-0.5	0.96	0.97		0.99	LAZ
HLI	0.18	0.95	0.96	0.95	0.95	-0.48	0.94	0.96	0.99		HLI
	TW	RJF	PJT	MC	SF	MKTX	PIPR	EVR	LAZ	HLI

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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

HLI	+ 0.99	LAZ
EVR	+ 0.98	PJT
PIPR	+ 0.98	MC
EVR	+ 0.98	SF
SF	+ 0.97	RJF
SF	+ 0.97	MC

High negative correlations

MKTX	- 0.52	MC
LAZ	- 0.5	MKTX
HLI	- 0.48	MKTX
PIPR	- 0.46	MKTX
MKTX	- 0.45	RJF
MKTX	- 0.42	SF

Risk-Adjusted Indicators

There is a big difference between LPL Stock performing well and LPL Financial 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 LPL Financial'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
TW	1.19	0.02	(0.07)	(1.12)	2.17	(0.96)	1.83	(3.66)	8.60
RJF	0.95	0.11	0.11	0.27	0.90	(1.05)	2.33	(1.91)	6.99
PJT	1.33	0.55	0.22	(1.44)	0.98	(1.52)	3.57	(2.15)	8.46
MC	1.67	0.19	0.18	0.26	1.63	(2.01)	4.12	(2.33)	16.15
SF	1.31	0.21	0.17	0.32	1.05	(1.46)	3.37	(2.43)	10.42
MKTX	1.09	(0.05)	0.00	0.43	0.00	0.00	1.88	(2.28)	7.77
PIPR	1.53	0.26	0.24	0.32	1.19	(1.93)	3.73	(2.50)	9.36
EVR	1.75	0.78	0.29	(3.25)	1.39	(2.09)	5.02	(2.86)	12.68
LAZ	1.89	0.68	0.22	(2.16)	1.60	(2.13)	5.12	(2.91)	12.93
HLI	1.06	0.39	0.17	(1.93)	0.84	(1.28)	2.66	(2.01)	9.17

LPL Financial Corporate Management

Katharine Reeping	Controller VP	Profile
Marc CFA	Chief Officer	Profile
Judith Ricketts	Executive Operations	Profile
Matthew Morningstar	Executive Risk	Profile
Quincy Krosby	Chief Strategist	Profile
Aneri CFP	Managing Management	Profile
Brent Simonich	Chief VP	Profile

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