Livetech Correlations

LVTC3 Stock

3.71 0.06 1.64%

The current 90-days correlation between Livetech da Bahia and Charter Communications is 0.14 (i.e., Average diversification). The correlation of Livetech 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.

Livetech Correlation With Market

Modest diversification

The correlation between Livetech da Bahia and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Livetech da Bahia and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Livetech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Livetech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Livetech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Livetech da Bahia to buy it.

Moving together with Livetech Stock

0.9	VIVT3	Telefnica Brasil Split	Pair Corr
0.63	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.71	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.64	NMRH34	Nomura Holdings	Pair Corr
0.9	TSMC34	Taiwan Semiconductor	Pair Corr
0.64	JPMC34	JPMorgan Chase	Pair Corr
0.79	A1MT34	Applied Materials,	Pair Corr
0.67	A1DI34	Analog Devices,	Pair Corr
0.72	MDNE3	Moura Dubeux Engenharia	Pair Corr
0.78	M2RV34	Marvell Technology	Pair Corr

Moving against Livetech Stock

0.8	T1MU34	T Mobile	Pair Corr
0.74	C1AB34	Cable One	Pair Corr
0.68	VERZ34	Verizon Communications	Pair Corr

Related Correlations Analysis

	CHCM34	L1YG34	C1FG34	CINF34	XRAY34	K1BF34	BOAC34	DBAG34
CHCM34		0.53	0.41	0.11	-0.02	0.52	0.68	0.73	CHCM34
L1YG34	0.53		0.49	0.15	-0.28	0.76	0.72	0.86	L1YG34
C1FG34	0.41	0.49		0.26	-0.43	0.62	0.65	0.5	C1FG34
CINF34	0.11	0.15	0.26		-0.66	0.51	0.52	0.36	CINF34
XRAY34	-0.02	-0.28	-0.43	-0.66		-0.7	-0.56	-0.41	XRAY34
K1BF34	0.52	0.76	0.62	0.51	-0.7		0.9	0.87	K1BF34
BOAC34	0.68	0.72	0.65	0.52	-0.56	0.9		0.89	BOAC34
DBAG34	0.73	0.86	0.5	0.36	-0.41	0.87	0.89		DBAG34
	CHCM34	L1YG34	C1FG34	CINF34	XRAY34	K1BF34	BOAC34	DBAG34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BOAC34	+ 0.9	K1BF34
DBAG34	+ 0.89	BOAC34
DBAG34	+ 0.87	K1BF34
DBAG34	+ 0.86	L1YG34
K1BF34	+ 0.76	L1YG34
DBAG34	+ 0.73	CHCM34

High negative correlations

K1BF34	- 0.7	XRAY34
XRAY34	- 0.66	CINF34
BOAC34	- 0.56	XRAY34
XRAY34	- 0.43	C1FG34
DBAG34	- 0.41	XRAY34
XRAY34	- 0.28	L1YG34

Risk-Adjusted Indicators

There is a big difference between Livetech Stock performing well and Livetech 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 Livetech'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
CHCM34	2.07	0.07	0.02	0.18	2.44	(2.31)	4.32	(3.93)	18.21
L1YG34	1.40	0.06	0.02	0.18	1.86	(1.50)	3.26	(2.87)	16.33
C1FG34	1.01	0.08	0.00	0.24	0.00	0.00	3.03	(2.31)	14.76
CINF34	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.36
XRAY34	1.11	(0.50)	0.00	2.85	0.00	0.00	0.00	0.00	37.10
K1BF34	1.69	0.63	0.19	78.82	1.16	(3.12)	4.48	(2.99)	16.59
BOAC34	1.33	0.10	0.03	0.25	2.49	(1.43)	3.58	(3.06)	12.80
DBAG34	1.76	0.17	0.06	0.33	2.35	(1.91)	5.00	(3.68)	12.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Livetech without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Top Crypto Exchanges Now

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges

All Next

Launch Module

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