Lantronix Correlations

LTRX Stock

USD 3.25 0.06 1.88%

The current 90-days correlation between Lantronix and Airgain is 0.21 (i.e., Modest diversification). The correlation of Lantronix 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lantronix Correlation With Market

Average diversification

The correlation between Lantronix and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lantronix and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lantronix Stock

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

For more information on how to buy Lantronix Stock please use our How to Invest in Lantronix guide.

Moving together with Lantronix Stock

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0.86	LITE	Lumentum Holdings	Pair Corr
0.61	RGTIW	Rigetti Computing Trending	Pair Corr
0.84	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.67	RGTI	Rigetti Computing Trending	Pair Corr
0.9	ADTN	ADTRAN Inc	Pair Corr
0.81	AVNW	Aviat Networks	Pair Corr
0.71	CRNT	Ceragon Networks	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.76	VRRM	Verra Mobility Corp	Pair Corr
0.84	ENLV	Enlivex Therapeutics	Pair Corr
0.78	FRGE	Forge Global Holdings	Pair Corr
0.82	IBM	International Business Earnings Call This Week	Pair Corr
0.83	INTC	Intel Earnings Call This Week	Pair Corr
0.74	ITRN	Ituran Location	Pair Corr
0.62	ALLT	Allot Communications	Pair Corr
0.76	AMBA	Ambarella	Pair Corr
0.97	CAMT	Camtek	Pair Corr
0.7	GITS	Global Interactive Symbol Change	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.81	AXP	American Express	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr

Moving against Lantronix Stock

0.69	QMCO	Quantum	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.55	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.47	KO	Coca Cola Earnings Call This Week	Pair Corr
0.31	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	AIRG	DZSI	CAMP	LPTH	LUNA	INVE	BOSC
AIRG		0.0	-0.35	0.72	0.0	0.36	0.65	AIRG
DZSI	0.0		0.0	0.0	0.0	0.0	0.0	DZSI
CAMP	-0.35	0.0		-0.62	0.0	-0.02	-0.72	CAMP
LPTH	0.72	0.0	-0.62		0.0	0.21	0.92	LPTH
LUNA	0.0	0.0	0.0	0.0		0.0	0.0	LUNA
INVE	0.36	0.0	-0.02	0.21	0.0		0.15	INVE
BOSC	0.65	0.0	-0.72	0.92	0.0	0.15		BOSC
	AIRG	DZSI	CAMP	LPTH	LUNA	INVE	BOSC

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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

BOSC	+ 0.92	LPTH
LPTH	+ 0.72	AIRG
BOSC	+ 0.65	AIRG
INVE	+ 0.36	AIRG
INVE	+ 0.21	LPTH
BOSC	+ 0.15	INVE

High negative correlations

BOSC	- 0.72	CAMP
LPTH	- 0.62	CAMP
CAMP	- 0.35	AIRG
INVE	- 0.02	CAMP
BOSC	- 0.0	LUNA
INVE	- 0.0	LUNA

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AIRG	2.36	0.44	0.14	1.39	2.12	(3.16)	6.41	(4.02)	13.12
DZSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAMP	4.68	(0.05)	0.00	0.26	0.00	0.00	12.14	(9.76)	33.43
LPTH	3.56	1.00	0.23	7.09	3.17	(4.55)	9.13	(5.28)	23.40
LUNA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INVE	1.98	(0.01)	(0.01)	0.12	2.27	(2.37)	3.95	(3.47)	11.65
BOSC	2.03	0.52	0.20	1.91	1.75	(2.52)	4.42	(3.25)	25.16

Lantronix Corporate Management

Eric Bass	Vice Engineering	Profile
Mathi Gurusamy	Chief Officer	Profile
Robert Adams	Head Relations	Profile
Roger Holliday	Vice Sales	Profile
Jacques Issa	Vice Marketing	Profile
David Goren	Legal Affairs	Profile

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