Lumentum Holdings Correlations

LITE Stock

USD 89.09 3.48 4.06%

The current 90-days correlation between Lumentum Holdings and Ichor Holdings is 0.5 (i.e., Very weak diversification). The correlation of Lumentum Holdings 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.

Lumentum Holdings Correlation With Market

Poor diversification

The correlation between Lumentum Holdings and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lumentum Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumentum Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.

Moving together with Lumentum Stock

0.78	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	IPGP	IPG Photonics	Pair Corr
0.83	KLIC	Kulicke and Soffa	Pair Corr
0.92	CWAN	Clearwater Analytics	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.83	AMZN	Amazon Inc	Pair Corr
0.68	HNHPF	Hon Hai Precision	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Lumentum Stock

0.78	ACLS	Axcelis Technologies	Pair Corr
0.72	CDW	CDW Corp	Pair Corr
0.67	TER	Teradyne	Pair Corr
0.63	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.62	ICG	Intchains Group	Pair Corr
0.6	VECO	Veeco Instruments	Pair Corr
0.59	KLAC	KLA Tencor	Pair Corr
0.57	SIMO	Silicon Motion Technology	Pair Corr
0.46	FORM	FormFactor	Pair Corr
0.38	AEHR	Aehr Test Systems	Pair Corr
0.89	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.85	VWAPY	Volkswagen AG Pref	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	VWAGY	Volkswagen AG 110	Pair Corr
0.84	DPSTF	Deutsche Post AG	Pair Corr
0.82	VLKAF	Volkswagen AG	Pair Corr
0.82	KO	Coca Cola Aggressive Push	Pair Corr
0.81	VLKPF	Volkswagen AG VZO	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.75	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ICHR	FN	MOMO	UCTT
ICHR		0.34	0.26	0.59	ICHR
FN	0.34		0.34	0.51	FN
MOMO	0.26	0.34		0.65	MOMO
UCTT	0.59	0.51	0.65		UCTT
	ICHR	FN	MOMO	UCTT

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Risk-Adjusted Indicators

There is a big difference between Lumentum Stock performing well and Lumentum Holdings 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 Lumentum Holdings' 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
ICHR	2.50	(0.08)	0.02	0.08	2.87	(2.77)	4.28	(5.22)	21.12
FN	2.46	(0.40)	0.00	(0.07)	0.00	0.00	4.68	(6.81)	16.19
MOMO	2.11	(0.04)	0.00	0.25	0.00	0.00	3.99	(4.28)	15.29
UCTT	2.51	(0.20)	(0.03)	0.02	3.13	(2.80)	5.13	(5.21)	20.10

Lumentum Holdings Corporate Management

Jae Esq	General VP	Profile
Misha Rozenberg	Executive Officer	Profile
Andrea Milani	VP Sales	Profile
Matthew Sepe	Chief Accounting Officer	Profile
Ralph Loura	VP Officer	Profile
Caroline Pan	Senior Officer	Profile

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