LightPath Technologies Correlations

LPTH Stock

USD 7.98 0.63 8.57%

The current 90-days correlation between LightPath Technologies and Microvision is 0.36 (i.e., Weak diversification). The correlation of LightPath Technologies 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.

LightPath Technologies Correlation With Market

Weak diversification

The correlation between LightPath Technologies and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LightPath Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LightPath Stock

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

For more detail on how to invest in LightPath Stock please use our How to Invest in LightPath Technologies guide.

Moving together with LightPath Stock

0.84	000938	Unisplendour Corp	Pair Corr
0.78	603936	Bomin Electronics	Pair Corr
0.81	301123	YiDong Electronics	Pair Corr
0.89	FLEX	Flex Earnings Call This Week	Pair Corr
0.77	300296	Leyard Optoelectronic	Pair Corr
0.84	688375	Guobo Electronics	Pair Corr
0.64	301379	Techshine Electronics	Pair Corr
0.87	688519	Nanya New Material	Pair Corr
0.64	603328	Guangdong Ellington	Pair Corr
0.89	601231	Universal Scientific	Pair Corr
0.77	300852	Sihui Fuji Electronics	Pair Corr
0.81	688538	Everdisplay Optronics	Pair Corr
0.79	002049	Unigroup Guoxin Micr	Pair Corr
0.89	DDR	Dicker Data Earnings Call This Week	Pair Corr

Moving against LightPath Stock

0.89	PAR	PAR Technology	Pair Corr
0.78	300333	Sinosun Tech	Pair Corr
0.77	CDW	CDW Corp	Pair Corr
0.6	000829	Telling Telecommunicatio	Pair Corr
0.4	ARW	Arrow Electronics Earnings Call This Week	Pair Corr
0.34	300076	Ningbo GQY Video	Pair Corr
0.85	300078	Hangzhou Century	Pair Corr
0.84	EDY	Eddy Smart Home	Pair Corr
0.57	600707	Caihong Display Devices	Pair Corr
0.5	002268	Westone Information	Pair Corr
0.35	SOBR	Sobr Safe	Pair Corr

Related Correlations Analysis

	MVIS	SATL	VPG	BAND	NNDM	GDEV	DDI	MLAB	PDYN	GRRR
MVIS		0.19	0.48	0.5	0.64	0.72	-0.26	0.28	0.85	0.61	MVIS
SATL	0.19		-0.31	0.02	-0.22	-0.01	0.38	-0.4	0.03	0.27	SATL
VPG	0.48	-0.31		0.7	0.79	0.63	-0.68	0.26	0.32	0.45	VPG
BAND	0.5	0.02	0.7		0.36	0.5	-0.18	0.03	0.21	0.76	BAND
NNDM	0.64	-0.22	0.79	0.36		0.67	-0.78	0.36	0.64	0.29	NNDM
GDEV	0.72	-0.01	0.63	0.5	0.67		-0.55	0.22	0.6	0.62	GDEV
DDI	-0.26	0.38	-0.68	-0.18	-0.78	-0.55		-0.25	-0.28	-0.16	DDI
MLAB	0.28	-0.4	0.26	0.03	0.36	0.22	-0.25		0.47	0.01	MLAB
PDYN	0.85	0.03	0.32	0.21	0.64	0.6	-0.28	0.47		0.31	PDYN
GRRR	0.61	0.27	0.45	0.76	0.29	0.62	-0.16	0.01	0.31		GRRR
	MVIS	SATL	VPG	BAND	NNDM	GDEV	DDI	MLAB	PDYN	GRRR

Please upgrade your account to get full access to Macroaxis premium features

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

PDYN	+ 0.85	MVIS
NNDM	+ 0.79	VPG
GRRR	+ 0.76	BAND
GDEV	+ 0.72	MVIS
BAND	+ 0.7	VPG
GDEV	+ 0.67	NNDM

High negative correlations

DDI	- 0.78	NNDM
DDI	- 0.68	VPG
DDI	- 0.55	GDEV
MLAB	- 0.4	SATL
VPG	- 0.31	SATL
PDYN	- 0.28	DDI

Risk-Adjusted Indicators

There is a big difference between LightPath Stock performing well and LightPath Technologies 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 LightPath Technologies' 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
MVIS	2.64	(0.41)	0.00	(0.13)	0.00	0.00	4.76	(7.35)	20.32
SATL	3.91	(0.67)	0.00	(0.18)	0.00	0.00	6.10	(7.94)	45.39
VPG	2.28	0.29	0.16	0.15	2.12	(2.78)	6.69	(3.60)	17.38
BAND	2.49	(0.02)	0.01	0.04	3.91	(2.53)	5.18	(4.72)	26.65
NNDM	2.53	0.09	0.05	0.08	2.84	(3.32)	6.12	(5.03)	20.54
GDEV	6.41	0.95	0.14	0.39	6.29	(8.05)	23.55	(10.58)	73.95
DDI	0.87	(0.10)	0.00	(0.62)	0.00	0.00	2.22	(1.96)	5.62
MLAB	3.39	0.03	0.03	0.06	5.43	(3.50)	7.51	(5.32)	27.55
PDYN	3.58	(0.54)	0.00	(0.08)	0.00	0.00	7.45	(9.26)	25.07
GRRR	2.98	(0.21)	0.00	(0.02)	0.00	0.00	5.96	(5.19)	19.77

LightPath Technologies Corporate Executives

Elected by the shareholders, the LightPath Technologies' board of directors comprises two types of representatives: LightPath Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LightPath. The board's role is to monitor LightPath Technologies' management team and ensure that shareholders' interests are well served. LightPath Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LightPath Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Albert Miranda

Secretary CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC