LGL Correlations

Stocks . USA . 
Stock . LGL Group
LGL Stock  USD 6.97  0.27  4.03%   
The current 90-days correlation between LGL Group and Deswell Industries is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LGL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LGL Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LGL Correlation With Market

Significant diversification

The correlation between LGL Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LGL Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with LGL Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LGL 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 rate.

Moving together with LGL Stock

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  0.79RAL Ralliant CommonPairCorr
  0.83ITRI Itron IncPairCorr
  0.71ITRN Ituran LocationPairCorr
  0.65ODYS Odysightai Common Stock Tech BoostPairCorr
  0.79ASTC Astrotech CorpPairCorr
  0.75SVRE SaverOne 2014 Tech BoostPairCorr
  0.84USBC USBC, Inc Symbol ChangePairCorr
  0.86AI C3 Ai IncPairCorr

Moving against LGL Stock

  0.76VNT Vontier CorpPairCorr
  0.73ACFN Acorn Energy, CommonPairCorr
  0.59ESE ESCO TechnologiesPairCorr
  0.54GRMN GarminPairCorr
  0.5VPG Vishay PrecisionPairCorr
  0.44GNSS GenasysPairCorr
  0.44MIND Mind TechnologyPairCorr
  0.42WRAP Wrap TechnologiesPairCorr
  0.41KEYS Keysight TechnologiesPairCorr
  0.37ELSE Electro SensorsPairCorr
  0.85KE Kimball ElectronicsPairCorr
  0.77CGNX CognexPairCorr
  0.71KN Knowles CorPairCorr
  0.65U Unity SoftwarePairCorr
  0.54DQ Daqo New EnergyPairCorr
  0.53FN FabrinetPairCorr
  0.53MU Micron TechnologyPairCorr
  0.51NN Nextnav Acquisition CorpPairCorr
  0.48MI NFT LimitedPairCorr

Related Correlations Analysis


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

MPTI
+ 0.77
DSWL
NSYS
+ 0.61
DSWL
NSYS
+ 0.45
MPTI
TRT
+ 0.25
IEHC
TRT
+ 0.18
MPTI
  

High negative correlations

NSYS
- 0.79
IEHC
IEHC
- 0.64
DSWL
MPTI
- 0.5
IEHC
TRT
- 0.29
NSYS
TRT
- 0.11
DSWL

Risk-Adjusted Indicators

There is a big difference between LGL Stock performing well and LGL 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 LGL'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.

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