LightPath Technologies Correlations

LPTH Stock

USD 7.37 0.67 8.33%

The current 90-days correlation between LightPath Technologies and Microvision is 0.41 (i.e., Very weak diversification). The correlation of LightPath Technologies 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.

LightPath Technologies Correlation With Market

Weak diversification

The correlation between LightPath Technologies and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LightPath Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LightPath Stock

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

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

Moving together with LightPath Stock

0.67	301123	YiDong Electronics	Pair Corr
0.8	FLEX	Flex	Pair Corr
0.76	APH	Amphenol	Pair Corr
0.73	TEL	TE Connectivity	Pair Corr
0.61	UUU	Universal Security	Pair Corr
0.76	688375	Guobo Electronics	Pair Corr
0.66	LST	Light Science Techno	Pair Corr
0.68	301379	Techshine Electronics	Pair Corr
0.74	688519	Nanya New Material	Pair Corr
0.73	601231	Universal Scientific	Pair Corr
0.64	300852	Sihui Fuji Electronics	Pair Corr
0.62	688538	Everdisplay Optronics	Pair Corr
0.62	002049	Unigroup Guoxin Micr	Pair Corr
0.89	002289	Success Electronics	Pair Corr

Moving against LightPath Stock

0.82	300333	Sinosun Tech	Pair Corr
0.86	688655	Shenzhen Xunjiexing	Pair Corr
0.71	300279	Wuxi Hodgen Technology	Pair Corr
0.6	002161	Invengo Information	Pair Corr
0.53	000829	Telling Telecommunicatio	Pair Corr
0.45	300076	Ningbo GQY Video	Pair Corr
0.69	600707	Caihong Display Devices	Pair Corr
0.68	002268	Westone Information	Pair Corr
0.66	MPXOF	MPX International Corp	Pair Corr
0.65	603677	Qijing Machinery	Pair Corr

Related Correlations Analysis

	MVIS	CMRC	NNDM	LSAK	FEIM	DDD	VERI	AXTI	MLAB	RMNI
MVIS		0.21	0.52	-0.38	0.48	0.69	0.42	-0.09	-0.04	0.67	MVIS
CMRC	0.21		0.15	-0.57	-0.1	0.26	0.31	0.37	0.39	0.33	CMRC
NNDM	0.52	0.15		-0.65	0.75	0.85	0.8	0.46	0.5	0.23	NNDM
LSAK	-0.38	-0.57	-0.65		-0.3	-0.56	-0.74	-0.71	-0.47	-0.26	LSAK
FEIM	0.48	-0.1	0.75	-0.3		0.74	0.62	0.29	0.39	0.23	FEIM
DDD	0.69	0.26	0.85	-0.56	0.74		0.77	0.29	0.41	0.48	DDD
VERI	0.42	0.31	0.8	-0.74	0.62	0.77		0.7	0.61	0.22	VERI
AXTI	-0.09	0.37	0.46	-0.71	0.29	0.29	0.7		0.69	-0.22	AXTI
MLAB	-0.04	0.39	0.5	-0.47	0.39	0.41	0.61	0.69		-0.21	MLAB
RMNI	0.67	0.33	0.23	-0.26	0.23	0.48	0.22	-0.22	-0.21		RMNI
	MVIS	CMRC	NNDM	LSAK	FEIM	DDD	VERI	AXTI	MLAB	RMNI

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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

DDD	+ 0.85	NNDM
VERI	+ 0.8	NNDM
VERI	+ 0.77	DDD
FEIM	+ 0.75	NNDM
DDD	+ 0.74	FEIM
AXTI	+ 0.7	VERI

High negative correlations

VERI	- 0.74	LSAK
AXTI	- 0.71	LSAK
LSAK	- 0.65	NNDM
LSAK	- 0.57	CMRC
DDD	- 0.56	LSAK
MLAB	- 0.47	LSAK

Risk-Adjusted Indicators

There is a big difference between LightPath Stock performing well and LightPath Technologies 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 LightPath Technologies' 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
MVIS	2.67	(0.55)	0.00	(0.08)	0.00	0.00	4.76	(7.35)	20.32
CMRC	2.66	0.08	0.11	0.14	2.43	(3.15)	6.83	(4.18)	13.66
NNDM	2.84	(0.03)	0.04	0.10	3.03	(3.74)	7.24	(5.03)	20.54
LSAK	1.72	(0.21)	0.00	0.36	0.00	0.00	4.17	(4.42)	13.42
FEIM	3.79	(0.32)	(0.02)	0.01	5.18	(4.08)	7.94	(7.53)	27.67
DDD	4.38	(0.26)	0.02	0.05	5.14	(5.20)	10.27	(10.30)	35.00
VERI	7.43	1.09	0.21	0.43	6.06	(9.85)	24.26	(8.96)	76.19
AXTI	5.37	2.22	0.40	0.68	4.73	(6.55)	14.14	(6.61)	41.38
MLAB	2.89	0.07	0.09	0.14	2.92	(3.22)	7.51	(5.23)	14.99
RMNI	1.89	(0.18)	(0.02)	0.03	3.56	(1.74)	3.80	(4.63)	19.10

LightPath Technologies Corporate Executives

Elected by the shareholders, the LightPath Technologies' board of directors comprises two types of representatives: LightPath Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LightPath. The board's role is to monitor LightPath Technologies' management team and ensure that shareholders' interests are well served. LightPath Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LightPath Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Albert Miranda

Secretary CFO

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