LightPath Technologies Correlations

LPTH Stock  USD 3.06  0.14  4.38%   
The current 90-days correlation between LightPath Technologies and Cemtrex is -0.06 (i.e., Good 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

Significant diversification

The correlation between LightPath Technologies and DJI is 0.02 (i.e., Significant 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.
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 estimate.
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

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Moving against LightPath Stock

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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   
LTRXBELFA
LTRXLINK
MEICTS
QUIKBELFA
QUIKLTRX
LINKBELFA
  
High negative correlations   
MEIHOLO
HOLOCTS
HOLOBELFA
QUIKHOLO
LTRXHOLO
LEDSHOLO

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BELFA  2.46  0.50  0.31  0.45  1.63 
 5.47 
 13.68 
CETX  4.84  0.27  0.03  0.41  10.23 
 12.61 
 75.08 
CTS  1.52 (0.18)(0.04) 0.09  1.55 
 3.53 
 9.74 
HOLO  7.01 (0.85) 0.00 (1.21) 0.00 
 12.50 
 107.57 
LEDS  3.62 (0.50) 0.00 (0.06) 0.00 
 6.12 
 35.97 
LINK  4.73  0.21  0.05  0.34  5.79 
 11.72 
 38.63 
LTRX  2.81  0.92  0.21 (0.78) 2.16 
 6.36 
 17.15 
LUNA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MEI  2.71 (0.16) 0.02  0.13  5.23 
 5.54 
 33.98 
QUIK  3.45  0.10  0.08  0.24  3.72 
 8.14 
 21.60 

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.