Light Wonder Correlations
| LNW Stock | USD 92.07 0.76 0.83% |
The correlation of Light Wonder 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Light Wonder moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Light Wonder moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Light Wonder and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Light Wonder and NYA in the same portfolio, assuming nothing else is changed.
Light |
The ability to find closely correlated positions to Light Wonder could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Light Wonder 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 Light Wonder - 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 Light Wonder to buy it.
Moving together with Light Stock
| 0.68 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.65 | EAT | Brinker International Buyout Trend | PairCorr |
| 0.66 | YUM | Yum Brands Financial Report 1st of May 2024 | PairCorr |
| 0.72 | BLMN | Bloomin Brands Earnings Call This Week | PairCorr |
| 0.61 | F | Ford Motor Financial Report 7th of May 2024 | PairCorr |
| 0.61 | AN | AutoNation | PairCorr |
Moving against Light Stock
| 0.56 | DENN | Dennys Corp Financial Report 7th of May 2024 | PairCorr |
| 0.55 | ARKR | Ark Restaurants Corp | PairCorr |
| 0.76 | AAN | Aarons | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Light Stock performing well and Light Wonder 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 Light Wonder'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDRO | 2.83 | 0.66 | 0.26 | 0.33 | 2.34 | 9.12 | 24.87 | |||
| INSE | 2.35 | (0.04) | 0.00 | (0.19) | 0.00 | 4.56 | 20.23 | |||
| IGT | 1.81 | (0.39) | 0.00 | (0.64) | 0.00 | 3.24 | 14.18 | |||
| ACEL | 1.32 | 0.08 | 0.02 | 0.56 | 1.93 | 2.49 | 11.94 | |||
| AGS | 2.19 | 0.05 | 0.04 | 0.08 | 2.27 | 5.88 | 15.06 | |||
| EVRI | 2.25 | (0.33) | 0.00 | (6.43) | 0.00 | 4.14 | 16.27 | |||
| CHDN | 1.35 | 0.10 | 0.03 | (1.18) | 1.70 | 2.68 | 6.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Light Wonder 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?
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Light Wonder Corporate Management
Elected by the shareholders, the Light Wonder's board of directors comprises two types of representatives: Light Wonder inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Light. The board's role is to monitor Light Wonder's management team and ensure that shareholders' interests are well served. Light Wonder's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Light Wonder's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Richardson | Chief VP | Profile | |
| Siobhan Lane | Executive Gaming | Profile | |
| Constance James | CFO, EVP | Profile | |
| Vanja Kalabic | Senior Officer | Profile | |
| CA BEC | Executive Chair | Profile | |
| Steven Stamstad | Senior Communications | Profile |
Already Invested in Light Wonder?
The danger of trading Light Wonder is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Light Wonder is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Light Wonder. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Light Wonder is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Light Wonder is a strong investment it is important to analyze Light Wonder's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Light Wonder's future performance. For an informed investment choice regarding Light Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Light Wonder. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Light Stock please use our How to Invest in Light Wonder guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Light Stock analysis
When running Light Wonder's price analysis, check to measure Light Wonder's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Light Wonder is operating at the current time. Most of Light Wonder's value examination focuses on studying past and present price action to predict the probability of Light Wonder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light Wonder's price. Additionally, you may evaluate how the addition of Light Wonder to your portfolios can decrease your overall portfolio volatility.
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Is Light Wonder's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Light Wonder. If investors know Light will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Light Wonder listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.43 | Earnings Share 1.75 | Revenue Per Share 31.89 | Quarterly Revenue Growth 0.131 | Return On Assets 0.0696 |
The market value of Light Wonder is measured differently than its book value, which is the value of Light that is recorded on the company's balance sheet. Investors also form their own opinion of Light Wonder's value that differs from its market value or its book value, called intrinsic value, which is Light Wonder's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Light Wonder's market value can be influenced by many factors that don't directly affect Light Wonder's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Light Wonder's value and its price as these two are different measures arrived at by different means. Investors typically determine if Light Wonder is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Light Wonder's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.