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.

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 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

0.7	DSWL	Deswell Industries	Pair Corr
0.83	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.8	HPE	Hewlett Packard Ente	Pair Corr
0.85	VSH	Vishay Intertechnology	Pair Corr
0.88	LASR	nLIGHT Inc	Pair Corr
0.85	NTAP	NetApp Inc	Pair Corr
0.67	PSTG	Pure Storage	Pair Corr
0.82	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.82	BKSY	Blacksky Technology	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.84	DELL	Dell Technologies	Pair Corr
0.62	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.85	MU	Micron Technology	Pair Corr
0.73	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.9	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.61	VRNT	Verint Systems	Pair Corr
0.83	ADI	Analog Devices	Pair Corr
0.88	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.84	ARM	Arm Holdings plc Earnings Call This Week	Pair Corr
0.84	ASX	ASE Industrial Holding	Pair Corr
0.84	FORM	FormFactor Earnings Call This Week	Pair Corr
0.71	GFS	Globalfoundries	Pair Corr
0.8	IBM	International Business	Pair Corr
0.62	LGL	LGL Group	Pair Corr
0.86	STM	STMicroelectronics NV ADR	Pair Corr
0.86	TER	Teradyne Earnings Call This Week	Pair Corr
0.9	TSM	Taiwan Semiconductor	Pair Corr
0.67	UMC	United Microelectronics Earnings Call This Week	Pair Corr

Moving against LightPath Stock

0.77	MPTI	M tron Industries, Tech Boost	Pair Corr
0.4	HPQ	HP Inc Sell-off Trend	Pair Corr
0.32	S	SentinelOne Tech Boost	Pair Corr
0.68	HUBS	HubSpot Earnings Call This Week	Pair Corr
0.31	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	BELFA	CETX	CTS	HOLO	LEDS	LINK	LTRX	LUNA	MEI	QUIK
BELFA		-0.23	0.54	-0.53	-0.09	0.66	0.93	0.0	0.35	0.73	BELFA
CETX	-0.23		-0.07	0.24	-0.28	-0.24	-0.19	0.0	-0.37	-0.09	CETX
CTS	0.54	-0.07		-0.63	0.49	0.17	0.41	0.0	0.75	0.58	CTS
HOLO	-0.53	0.24	-0.63		-0.37	-0.11	-0.49	0.0	-0.64	-0.52	HOLO
LEDS	-0.09	-0.28	0.49	-0.37		-0.17	-0.12	0.0	0.6	0.0	LEDS
LINK	0.66	-0.24	0.17	-0.11	-0.17		0.78	0.0	0.02	0.46	LINK
LTRX	0.93	-0.19	0.41	-0.49	-0.12	0.78		0.0	0.2	0.7	LTRX
LUNA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	LUNA
MEI	0.35	-0.37	0.75	-0.64	0.6	0.02	0.2	0.0		0.33	MEI
QUIK	0.73	-0.09	0.58	-0.52	0.0	0.46	0.7	0.0	0.33		QUIK
	BELFA	CETX	CTS	HOLO	LEDS	LINK	LTRX	LUNA	MEI	QUIK

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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

LTRX	+ 0.93	BELFA
LTRX	+ 0.78	LINK
MEI	+ 0.75	CTS
QUIK	+ 0.73	BELFA
QUIK	+ 0.7	LTRX
LINK	+ 0.66	BELFA

High negative correlations

MEI	- 0.64	HOLO
HOLO	- 0.63	CTS
HOLO	- 0.53	BELFA
QUIK	- 0.52	HOLO
LTRX	- 0.49	HOLO
LEDS	- 0.37	HOLO

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
BELFA	2.46	0.50	0.31	0.45	1.63	(2.88)	5.47	(3.20)	13.68
CETX	4.84	0.27	0.03	0.41	10.23	(4.96)	12.61	(8.95)	75.08
CTS	1.52	(0.18)	(0.04)	0.09	1.55	(1.82)	3.53	(2.78)	9.74
HOLO	7.01	(0.85)	0.00	(1.21)	0.00	0.00	12.50	(11.01)	107.57
LEDS	3.62	(0.50)	0.00	(0.06)	0.00	0.00	6.12	(6.04)	35.97
LINK	4.73	0.21	0.05	0.34	5.79	(4.95)	11.72	(9.60)	38.63
LTRX	2.81	0.92	0.21	(0.78)	2.16	(3.93)	6.36	(3.40)	17.15
LUNA	0.00	0.00	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	(2.59)	5.54	(3.99)	33.98
QUIK	3.45	0.10	0.08	0.24	3.72	(3.87)	8.14	(4.71)	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.

Albert Miranda

Secretary CFO

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