LG Display Correlations

LPL Stock

USD 4.23 0.10 2.31%

The current 90-days correlation between LG Display and ViaSat Inc is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LG Display moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Display Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LG Display Correlation With Market

Modest diversification

The correlation between LG Display Co and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG Display Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LPL Stock

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

Moving together with LPL Stock

0.78	Q	Qnity Electronics	Pair Corr
0.73	301099	Shanghai Yct Electronics	Pair Corr
0.78	000938	Unisplendour Corp	Pair Corr
0.73	AMPGW	AmpliTech Group	Pair Corr
0.62	002960	Jade Bird Fire	Pair Corr
0.65	300333	Sinosun Tech	Pair Corr
0.61	VRME	VerifyMe	Pair Corr
0.92	EBON	Ebang International	Pair Corr
0.89	EHGO	Eshallgo Class A	Pair Corr
0.64	ELSE	Electro Sensors	Pair Corr
0.83	ELTK	Eltek	Pair Corr
0.67	601138	Foxconn Industrial	Pair Corr
0.75	EVLV	Evolv Technologies	Pair Corr

Moving against LPL Stock

0.64	300771	Shenzhen Zhilai Sci	Pair Corr
0.64	002134	Tianjin Printronics	Pair Corr
0.53	688053	Chengdu Screen Micro	Pair Corr
0.42	FN	Fabrinet	Pair Corr
0.42	603626	Kunshan Kersen Science	Pair Corr
0.4	300502	Eoptolink Technology	Pair Corr
0.39	300259	Suntront Tech	Pair Corr
0.37	301321	Highbroad Advanced	Pair Corr
0.36	DSWL	Deswell Industries	Pair Corr
0.83	000925	UniTTEC	Pair Corr
0.6	688272	Beijing Fjr Optoelec	Pair Corr
0.55	300940	Shen Zhen Australis	Pair Corr
0.53	BAERW	Bridger Aerospace	Pair Corr
0.51	300626	Huarui Electrical	Pair Corr
0.5	300139	Beijing Fuxing Xiaocheng	Pair Corr
0.49	603556	Hexing Electrical	Pair Corr
0.45	301123	YiDong Electronics	Pair Corr

Related Correlations Analysis

	VSAT	BTDR	CLSK	OS	STNE	WEX	ACIW	CWAN	ITRI	BULL
VSAT		0.3	0.25	0.44	0.1	0.57	-0.25	0.14	0.19	0.14	VSAT
BTDR	0.3		0.91	-0.26	0.85	0.21	0.53	-0.72	0.87	0.86	BTDR
CLSK	0.25	0.91		-0.38	0.77	0.27	0.54	-0.68	0.87	0.96	CLSK
OS	0.44	-0.26	-0.38		-0.24	0.05	-0.49	0.27	-0.36	-0.44	OS
STNE	0.1	0.85	0.77	-0.24		-0.07	0.53	-0.84	0.75	0.8	STNE
WEX	0.57	0.21	0.27	0.05	-0.07		0.1	0.35	0.3	0.18	WEX
ACIW	-0.25	0.53	0.54	-0.49	0.53	0.1		-0.5	0.61	0.57	ACIW
CWAN	0.14	-0.72	-0.68	0.27	-0.84	0.35	-0.5		-0.59	-0.73	CWAN
ITRI	0.19	0.87	0.87	-0.36	0.75	0.3	0.61	-0.59		0.87	ITRI
BULL	0.14	0.86	0.96	-0.44	0.8	0.18	0.57	-0.73	0.87		BULL
	VSAT	BTDR	CLSK	OS	STNE	WEX	ACIW	CWAN	ITRI	BULL

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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

BULL	+ 0.96	CLSK
CLSK	+ 0.91	BTDR
ITRI	+ 0.87	BTDR
ITRI	+ 0.87	CLSK
BULL	+ 0.87	ITRI
BULL	+ 0.86	BTDR

High negative correlations

CWAN	- 0.84	STNE
BULL	- 0.73	CWAN
CWAN	- 0.72	BTDR
CWAN	- 0.68	CLSK
ITRI	- 0.59	CWAN
CWAN	- 0.5	ACIW

Risk-Adjusted Indicators

There is a big difference between LPL Stock performing well and LG Display 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 LG Display'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
VSAT	3.50	0.09	0.07	0.11	4.59	(3.84)	8.01	(6.48)	26.09
BTDR	5.13	(0.27)	0.00	(0.06)	0.00	0.00	9.99	(9.51)	49.03
CLSK	5.00	(0.87)	0.00	(0.16)	0.00	0.00	12.27	(10.13)	33.02
OS	2.98	0.39	0.14	0.28	2.70	(3.45)	6.39	(4.81)	29.57
STNE	2.32	(0.38)	0.00	(0.10)	0.00	0.00	4.17	(6.88)	16.52
WEX	1.34	(0.04)	(0.02)	0.05	1.56	(1.37)	3.06	(2.50)	6.48
ACIW	1.27	(0.31)	0.00	(0.56)	0.00	0.00	2.08	(4.35)	9.43
CWAN	1.72	0.35	0.15	0.31	2.03	(1.83)	5.40	(3.95)	14.20
ITRI	1.74	(0.46)	0.00	(0.28)	0.00	0.00	2.59	(4.16)	24.28
BULL	2.55	(0.68)	0.00	(0.27)	0.00	0.00	4.58	(5.90)	12.33

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