Lightwave Logic Correlations

LWLG Stock

USD 1.79 0.06 3.24%

The current 90-days correlation between Lightwave Logic and Trinseo SA is -0.05 (i.e., Good diversification). The correlation of Lightwave Logic 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.

Lightwave Logic Correlation With Market

Very weak diversification

The correlation between Lightwave Logic 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 Lightwave Logic and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lightwave Stock

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

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

Moving together with Lightwave Stock

0.75	DD	Dupont De Nemours	Pair Corr
0.8	ECVT	Ecovyst	Pair Corr
0.81	ALB-PA	Albemarle	Pair Corr
0.81	ALB	Albemarle Corp	Pair Corr
0.79	APD	Air Products	Pair Corr
0.71	CMT	Core Molding Technologies	Pair Corr
0.68	ECL	Ecolab Inc Sell-off Trend	Pair Corr
0.78	ESI	Element Solutions	Pair Corr
0.77	FSI	Flexible Solutions	Pair Corr
0.68	FUL	H B Fuller	Pair Corr
0.73	KOP	Koppers Holdings	Pair Corr
0.74	KWR	Quaker Chemical	Pair Corr
0.75	LYB	LyondellBasell Industries	Pair Corr
0.8	NEU	NewMarket	Pair Corr
0.67	PPG	PPG Industries	Pair Corr
0.88	PRM	Perimeter Solutions Sell-off Trend	Pair Corr
0.67	SCL	Stepan Company	Pair Corr
0.71	SSL	Sasol	Pair Corr
0.72	SXT	Sensient Technologies Earnings Call This Week	Pair Corr
0.75	GEVO	Gevo Inc	Pair Corr
0.82	HWKN	Hawkins	Pair Corr

Moving against Lightwave Stock

0.75	FEAM	5E Advanced Materials	Pair Corr
0.6	KRO	Kronos Worldwide	Pair Corr
0.48	OEC	Orion Engineered Carbons	Pair Corr
0.42	IOSP	Innospec	Pair Corr
0.38	TSE	Trinseo SA	Pair Corr
0.33	SDSTW	Stardust Power	Pair Corr

Related Correlations Analysis

	FUL	ESI	IOSP	CBT	MTX	OEC	NGVT	HWKN	ECVT	KWR
FUL		0.88	-0.04	0.35	0.5	-0.23	0.76	0.83	0.75	0.86	FUL
ESI	0.88		-0.06	0.02	0.43	-0.45	0.91	0.82	0.88	0.84	ESI
IOSP	-0.04	-0.06		0.31	0.0	0.52	-0.15	-0.38	-0.34	-0.17	IOSP
CBT	0.35	0.02	0.31		0.17	0.67	-0.22	0.17	-0.2	0.29	CBT
MTX	0.5	0.43	0.0	0.17		-0.05	0.52	0.32	0.4	0.4	MTX
OEC	-0.23	-0.45	0.52	0.67	-0.05		-0.6	-0.38	-0.64	-0.29	OEC
NGVT	0.76	0.91	-0.15	-0.22	0.52	-0.6		0.72	0.95	0.78	NGVT
HWKN	0.83	0.82	-0.38	0.17	0.32	-0.38	0.72		0.82	0.88	HWKN
ECVT	0.75	0.88	-0.34	-0.2	0.4	-0.64	0.95	0.82		0.82	ECVT
KWR	0.86	0.84	-0.17	0.29	0.4	-0.29	0.78	0.88	0.82		KWR
	FUL	ESI	IOSP	CBT	MTX	OEC	NGVT	HWKN	ECVT	KWR

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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

ECVT	+ 0.95	NGVT
NGVT	+ 0.91	ESI
ESI	+ 0.88	FUL
ECVT	+ 0.88	ESI
KWR	+ 0.88	HWKN
KWR	+ 0.86	FUL

High negative correlations

ECVT	- 0.64	OEC
NGVT	- 0.6	OEC
OEC	- 0.45	ESI
HWKN	- 0.38	OEC
HWKN	- 0.38	IOSP
ECVT	- 0.34	IOSP

Risk-Adjusted Indicators

There is a big difference between Lightwave Stock performing well and Lightwave Logic 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 Lightwave Logic'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
FUL	1.57	0.03	0.03	0.15	1.45	(1.97)	3.43	(2.56)	13.34
ESI	1.62	0.21	0.17	0.26	1.46	(1.94)	3.98	(2.86)	11.49
IOSP	1.08	(0.17)	0.00	(0.08)	0.00	0.00	2.47	(2.76)	6.32
CBT	1.21	(0.21)	0.00	(0.07)	0.00	0.00	2.74	(2.42)	9.23
MTX	1.62	(0.13)	(0.04)	0.02	2.46	(1.65)	3.12	(3.37)	12.14
OEC	2.09	(0.22)	0.00	(0.14)	0.00	0.00	4.11	(5.09)	13.26
NGVT	1.81	0.43	0.24	0.47	1.35	(2.09)	5.38	(3.04)	13.91
HWKN	1.22	0.35	0.22	0.95	0.81	(1.46)	3.24	(1.60)	8.01
ECVT	1.77	0.51	0.19	1.01	1.90	(2.01)	4.82	(2.79)	14.44
KWR	1.92	0.06	0.05	0.18	1.79	(2.33)	4.98	(3.47)	15.11

Lightwave Logic Corporate Management

Atikem HaileMariam	VP Development	Profile
Karen Liu	VP Marketing	Profile
David Eaton	Technology Advisor	Profile
Ross Fasick	Technology Advisor	Profile

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