Luda Technology Correlations

LUD Stock

5.75 1.45 33.72%

The current 90-days correlation between Luda Technology Group and Keurig Dr Pepper is 0.03 (i.e., Significant diversification). The correlation of Luda Technology 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.

Luda Technology Correlation With Market

Average diversification

The correlation between Luda Technology Group and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luda Technology Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Luda Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luda Technology 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 employment.

Moving together with Luda Stock

0.65	ASTL	Algoma Steel Group	Pair Corr
0.64	NC	NACCO Industries	Pair Corr

Moving against Luda Stock

0.56	SID	Companhia Siderurgica	Pair Corr
0.41	BAK	Braskem SA Class	Pair Corr

Related Correlations Analysis

	KDP	KO	WVVIP	GGB	ABEV	PKX	ATI	COCO
KDP		0.44	0.68	-0.63	-0.35	-0.12	-0.77	-0.46	KDP
KO	0.44		0.45	-0.4	0.16	-0.39	-0.59	-0.44	KO
WVVIP	0.68	0.45		-0.8	-0.02	-0.5	-0.85	-0.64	WVVIP
GGB	-0.63	-0.4	-0.8		-0.09	0.67	0.83	0.57	GGB
ABEV	-0.35	0.16	-0.02	-0.09		-0.44	0.03	-0.02	ABEV
PKX	-0.12	-0.39	-0.5	0.67	-0.44		0.61	0.61	PKX
ATI	-0.77	-0.59	-0.85	0.83	0.03	0.61		0.82	ATI
COCO	-0.46	-0.44	-0.64	0.57	-0.02	0.61	0.82		COCO
	KDP	KO	WVVIP	GGB	ABEV	PKX	ATI	COCO

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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

ATI	+ 0.83	GGB
COCO	+ 0.82	ATI
WVVIP	+ 0.68	KDP
PKX	+ 0.67	GGB
ATI	+ 0.61	PKX
COCO	+ 0.61	PKX

High negative correlations

ATI	- 0.85	WVVIP
GGB	- 0.8	WVVIP
ATI	- 0.77	KDP
COCO	- 0.64	WVVIP
GGB	- 0.63	KDP
ATI	- 0.59	KO

Risk-Adjusted Indicators

There is a big difference between Luda Stock performing well and Luda Technology 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 Luda Technology'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
KDP	0.80	(0.03)	0.00	0.27	0.00	0.00	1.55	(1.71)	4.26
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81
WVVIP	1.90	(0.09)	0.00	0.97	0.00	0.00	3.89	(4.03)	12.04
GGB	1.78	0.27	0.08	1.75	1.68	(2.25)	4.80	(3.17)	10.58
ABEV	1.02	0.04	(0.06)	0.78	1.22	(1.14)	2.21	(2.01)	6.36
PKX	1.59	0.25	0.12	0.50	1.48	(1.83)	4.80	(3.04)	10.38
ATI	1.57	0.90	0.61	0.91	0.58	(2.07)	5.06	(2.64)	17.43
COCO	1.60	0.29	0.12	0.78	1.57	(1.85)	3.21	(2.27)	9.61

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