Life Time Correlations
| LTH Stock | USD 13.00 0.66 4.83% |
The correlation of Life Time 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 Life Time moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Time Group 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.
Very weak diversification
The correlation between Life Time Group and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Time Group and NYA in the same portfolio, assuming nothing else is changed.
Life |
The ability to find closely correlated positions to Life Time could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Time 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 Life Time - 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 Life Time Group to buy it.
Moving together with Life Stock
| 0.71 | DHI | DR Horton Financial Report 18th of July 2024 | PairCorr |
| 0.65 | KBH | KB Home Financial Report 19th of June 2024 | PairCorr |
| 0.7 | LEN | Lennar Financial Report 12th of June 2024 | PairCorr |
| 0.67 | NVR | NVR Inc Earnings Call This Week | PairCorr |
| 0.82 | PHM | PulteGroup Earnings Call This Week | PairCorr |
| 0.74 | TOL | Toll Brothers Financial Report 28th of May 2024 | PairCorr |
Moving against Life Stock
| 0.65 | VRA | Vera Bradley Financial Report 5th of June 2024 | PairCorr |
| 0.65 | RCKY | Rocky Brands Upward Rally | PairCorr |
| 0.54 | UAA | Under Armour A Earnings Call This Week | PairCorr |
| 0.51 | REE | Ree Automotive Holding Downward Rally | PairCorr |
| 0.47 | SHOO | Steven Madden Financial Report 14th of May 2024 | PairCorr |
| 0.45 | TBLT | Toughbuilt Industries Financial Report 27th of May 2024 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Life Stock performing well and Life Time 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 Life Time'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSGE | 1.03 | 0.18 | 0.17 | 0.23 | 0.81 | 2.82 | 6.55 | |||
| MAT | 1.14 | (0.05) | (0.03) | 0.00 | 1.59 | 2.40 | 8.71 | |||
| JOUT | 1.47 | (0.30) | 0.00 | (0.19) | 0.00 | 2.63 | 9.90 | |||
| GOLF | 1.32 | (0.17) | 0.00 | (0.07) | 0.00 | 2.51 | 10.50 | |||
| ESCA | 2.32 | (0.53) | 0.00 | (0.28) | 0.00 | 4.29 | 19.07 | |||
| CLAR | 2.73 | 0.02 | 0.02 | 0.06 | 3.23 | 3.46 | 28.93 | |||
| JAKK | 2.96 | (0.72) | 0.00 | (0.50) | 0.00 | 4.70 | 31.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Life Time 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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Life Time Corporate Management
Elected by the shareholders, the Life Time's board of directors comprises two types of representatives: Life Time inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Life. The board's role is to monitor Life Time's management team and ensure that shareholders' interests are well served. Life Time'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, Life Time's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Lindseth | General VP | Profile | |
| John Brennan | Senior Capital | Profile | |
| Thomas Bergmann | President | Profile | |
| Erik Weaver | Principal Officer | Profile | |
| Bahram Akradi | Chairman Founder | Profile | |
| Keith Dieruf | Senior Marketing | Profile | |
| Robert Houghton | Ex CFO | Profile |
Already Invested in Life Time Group?
The danger of trading Life Time Group 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 Life Time 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 Life Time. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Life Time Group 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 Life Time Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Life Time's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Life Time Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Life Time Group Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Life Time Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Life Time's price analysis, check to measure Life Time'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 Life Time is operating at the current time. Most of Life Time's value examination focuses on studying past and present price action to predict the probability of Life Time's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Life Time's price. Additionally, you may evaluate how the addition of Life Time to your portfolios can decrease your overall portfolio volatility.
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Is Life Time'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 Life Time. If investors know Life 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 Life Time 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 0.602 | Earnings Share 0.37 | Revenue Per Share 11.328 | Quarterly Revenue Growth 0.182 | Return On Assets 0.0232 |
The market value of Life Time Group is measured differently than its book value, which is the value of Life that is recorded on the company's balance sheet. Investors also form their own opinion of Life Time's value that differs from its market value or its book value, called intrinsic value, which is Life Time'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 Life Time's market value can be influenced by many factors that don't directly affect Life Time'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 Life Time's value and its price as these two are different measures arrived at by different means. Investors typically determine if Life Time is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Life Time'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.