LightPath Technologies Correlations

LPTH Stock

USD 3.79 0.38 11.14%

The current 90-days correlation between LightPath Technologies and Cemtrex is -0.07 (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

Good diversification

The correlation between LightPath Technologies and DJI is -0.09 (i.e., Good 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 main economic indicators.

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

0.65	JBL	Jabil Circuit	Pair Corr
0.81	WDC	Western Digital	Pair Corr
0.85	LASR	nLIGHT Inc	Pair Corr
0.72	AAPL	Apple Inc	Pair Corr
0.68	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.75	DELL	Dell Technologies Earnings Call This Week	Pair Corr
0.67	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.77	AMD	Advanced Micro Devices	Pair Corr

Moving against LightPath Stock

0.76	KULR	KULR Technology Group Downward Rally	Pair Corr
0.63	NTGR	NETGEAR	Pair Corr
0.54	FKWL	Franklin Wireless Corp Tech Boost	Pair Corr
0.48	UKOMW	Ucommune International	Pair Corr
0.42	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.73	S	SentinelOne Earnings Call This Week	Pair Corr
0.71	ANY	Sphere 3D Corp	Pair Corr
0.68	DT	Dynatrace Holdings LLC	Pair Corr
0.56	MX	MagnaChip Semiconductor	Pair Corr

Related Correlations Analysis

	BELFA	CETX	CTS	HOLO	LEDS	LINK	LTRX	LUNA	MEI	QUIK
BELFA		0.07	-0.3	-0.45	-0.86	0.51	0.85	0.0	-0.48	0.44	BELFA
CETX	0.07		-0.13	0.19	-0.25	-0.04	0.08	0.0	-0.34	-0.09	CETX
CTS	-0.3	-0.13		0.04	0.57	0.08	-0.05	0.0	0.72	0.26	CTS
HOLO	-0.45	0.19	0.04		0.34	-0.09	-0.31	0.0	-0.05	-0.22	HOLO
LEDS	-0.86	-0.25	0.57	0.34		-0.33	-0.66	0.0	0.7	-0.14	LEDS
LINK	0.51	-0.04	0.08	-0.09	-0.33		0.76	0.0	-0.2	0.46	LINK
LTRX	0.85	0.08	-0.05	-0.31	-0.66	0.76		0.0	-0.4	0.61	LTRX
LUNA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	LUNA
MEI	-0.48	-0.34	0.72	-0.05	0.7	-0.2	-0.4	0.0		0.04	MEI
QUIK	0.44	-0.09	0.26	-0.22	-0.14	0.46	0.61	0.0	0.04		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	+ 0.85	BELFA
LTRX	+ 0.76	LINK
MEI	+ 0.72	CTS
MEI	+ 0.7	LEDS
QUIK	+ 0.61	LTRX
LEDS	+ 0.57	CTS

High negative correlations

LEDS	- 0.86	BELFA
LTRX	- 0.66	LEDS
MEI	- 0.48	BELFA
HOLO	- 0.45	BELFA
MEI	- 0.4	LTRX
MEI	- 0.34	CETX

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	2.40	0.65	0.32	0.39	1.70	(2.81)	5.08	(3.62)	24.26
CETX	3.83	(0.61)	0.00	(0.21)	0.00	0.00	7.02	(7.00)	48.52
CTS	1.40	(0.13)	0.00	(0.02)	0.00	0.00	3.09	(2.78)	7.16
HOLO	6.40	(0.16)	0.00	(0.08)	0.00	0.00	12.50	(10.53)	107.57
LEDS	3.88	(0.38)	0.00	(0.35)	0.00	0.00	7.47	(7.01)	26.13
LINK	5.36	0.98	0.15	0.94	5.45	(6.34)	14.48	(10.18)	38.63
LTRX	2.94	0.57	0.23	0.42	2.26	(4.41)	6.36	(4.65)	24.22
LUNA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEI	2.44	(0.17)	0.00	(0.04)	0.00	0.00	5.52	(3.61)	31.68
QUIK	3.18	(0.07)	0.00	0.03	3.77	(3.67)	8.09	(4.71)	27.83

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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