Correlation Between Lindblad Expeditions and First Citizens

Can any of the company-specific risk be diversified away by investing in both Lindblad Expeditions and First Citizens at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Lindblad Expeditions and First Citizens into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Lindblad Expeditions Holdings and The First Citizens, you can compare the effects of market volatilities on Lindblad Expeditions and First Citizens and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Lindblad Expeditions with a short position of First Citizens. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lindblad Expeditions and First Citizens.

Diversification Opportunities for Lindblad Expeditions and First Citizens

0.0

Correlation Coefficient

Lindblad Expeditions  First Citizens

Pay attention - limited upside

The 3 months correlation between Lindblad and First is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions Holdings and The First Citizens in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on First Citizens and Lindblad Expeditions is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Lindblad Expeditions Holdings are associated (or correlated) with First Citizens. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of First Citizens has no effect on the direction of Lindblad Expeditions i.e., Lindblad Expeditions and First Citizens go up and down completely randomly.

Pair Corralation between Lindblad Expeditions and First Citizens

If you would invest  963.00  in Lindblad Expeditions Holdings on May 7, 2025 and sell it today you would earn a total of  272.00  from holding Lindblad Expeditions Holdings or generate 28.25% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Lindblad Expeditions Holdings  vs.  The First Citizens

Lindblad Expeditions

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Lindblad Expeditions Holdings are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain basic indicators, Lindblad Expeditions exhibited solid returns over the last few months and may actually be approaching a breakup point.

First Citizens

Risk-Adjusted Performance

Weakest

Over the last 90 days The First Citizens has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent fundamental indicators, First Citizens is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with Lindblad Expeditions and First Citizens

The main advantage of trading using opposite Lindblad Expeditions and First Citizens positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lindblad Expeditions position performs unexpectedly, First Citizens can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Citizens will offset losses from the drop in First Citizens' long position.

The idea behind Lindblad Expeditions Holdings and The First Citizens pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.