Leafly Holdings Correlations

LFLY Stock

USD 0.35 0.22 38.60%

The correlation of Leafly Holdings 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.

Leafly Holdings Correlation With Market

Significant diversification

The correlation between Leafly Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leafly Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Leafly Stock

0.62	EXTO	Almacenes xito SA	Pair Corr
0.61	TGT	Target	Pair Corr
0.61	HCWC	Healthy Choice Wellness	Pair Corr

Moving against Leafly Stock

0.75	SFM	Sprouts Farmers Market	Pair Corr
0.72	BJ	BJs Wholesale Club	Pair Corr
0.6	KR	Kroger Company	Pair Corr
0.59	WMK	Weis Markets	Pair Corr
0.58	WILC	G Willi Food	Pair Corr
0.57	ACI	Albertsons Companies	Pair Corr
0.5	IMKTA	Ingles Markets	Pair Corr
0.48	DDL	Dingdong ADR	Pair Corr
0.47	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.47	SYY	Sysco Sell-off Trend	Pair Corr
0.35	GO	Grocery Outlet Holding Sell-off Trend	Pair Corr
0.33	AVO	Mission Produce	Pair Corr
0.77	PFGC	Performance Food	Pair Corr
0.73	WMT	Walmart	Pair Corr
0.72	NGVC	Natural Grocers by	Pair Corr
0.69	COST	Costco Wholesale Corp	Pair Corr
0.67	CHEF	Chefs Warehouse	Pair Corr
0.62	UNFI	United Natural Foods	Pair Corr
0.61	VLGEA	Village Super Market	Pair Corr
0.56	CASY	Caseys General Stores	Pair Corr
0.48	HITI	High Tide	Pair Corr

Related Correlations Analysis

	KIARF	GABLF	FFLWF	RXMD	MDVL	ALST	HEWA	MEDS	BIMI
KIARF		1.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	KIARF
GABLF	1.0		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	GABLF
FFLWF	-1.0	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	FFLWF
RXMD	0.0	0.0	0.0		-0.07	-0.27	0.25	-0.21	-0.6	RXMD
MDVL	0.0	0.0	0.0	-0.07		-0.31	0.29	-0.63	-0.3	MDVL
ALST	0.0	0.0	0.0	-0.27	-0.31		-0.13	0.52	0.57	ALST
HEWA	0.0	0.0	0.0	0.25	0.29	-0.13		-0.44	-0.62	HEWA
MEDS	0.0	0.0	0.0	-0.21	-0.63	0.52	-0.44		0.57	MEDS
BIMI	0.0	0.0	0.0	-0.6	-0.3	0.57	-0.62	0.57		BIMI
	KIARF	GABLF	FFLWF	RXMD	MDVL	ALST	HEWA	MEDS	BIMI

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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

GABLF	+ 1.0	KIARF
BIMI	+ 0.57	ALST
BIMI	+ 0.57	MEDS
MEDS	+ 0.52	ALST
HEWA	+ 0.29	MDVL
HEWA	+ 0.25	RXMD

High negative correlations

FFLWF	- 1.0	GABLF
FFLWF	- 1.0	KIARF
MEDS	- 0.63	MDVL
BIMI	- 0.62	HEWA
BIMI	- 0.6	RXMD
MEDS	- 0.44	HEWA

Risk-Adjusted Indicators

There is a big difference between Leafly Stock performing well and Leafly Holdings 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 Leafly Holdings' 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
KIARF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GABLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFLWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RXMD	6.42	0.97	0.08	0.36	8.81	(8.23)	16.56	(13.75)	69.53
MDVL	5.73	0.33	0.04	0.30	6.05	(8.93)	16.00	(12.50)	52.11
ALST	5.24	0.59	0.03	0.81	6.52	(29.44)	20.00	(16.67)	68.57
HEWA	3.38	0.18	0.02	(0.22)	3.99	(10.34)	6.67	(11.11)	37.78
MEDS	6.58	(0.14)	0.00	0.05	0.00	0.00	15.93	(15.66)	59.53
BIMI	13.59	(1.34)	0.00	0.23	0.00	0.00	22.67	(58.33)	206.98

Leafly Holdings Corporate Management

Carlos Pinto	Chief Officer	Profile
David Cotter	Chief Officer	Profile
Jeff Oberlander	VP Engineering	Profile
Suresh Krishnaswamy	Chief Officer	Profile
Laura Morarity	VP Communications	Profile

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