Lucas GC Correlations

LGCL Stock

1.80 0.18 9.09%

The current 90-days correlation between Lucas GC Limited and Custom Truck One is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lucas GC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lucas GC Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lucas GC Correlation With Market

Excellent diversification

The correlation between Lucas GC Limited and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lucas GC Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lucas Stock

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

Moving together with Lucas Stock

0.71	FVRR	Fiverr International	Pair Corr
0.78	NIXX	Nixxy Inc	Pair Corr
0.67	CLIK	Click Holdings	Pair Corr
0.72	JD	JD Inc Adr	Pair Corr
0.61	HNHPF	Hon Hai Precision	Pair Corr

Moving against Lucas Stock

0.72	BGSF	BG Staffing	Pair Corr
0.64	HQI	Hirequest	Pair Corr
0.63	KFRC	Kforce Inc	Pair Corr
0.61	ASGN	ASGN Inc Earnings Call Tomorrow	Pair Corr
0.55	RHI	Robert Half International	Pair Corr
0.52	JOB	GEE Group Earnings Call This Week	Pair Corr
0.49	ALDLS	DLSI Earnings Call This Week	Pair Corr
0.47	BBSI	Barrett Business Services	Pair Corr
0.4	KFY	Korn Ferry	Pair Corr
0.39	CEN	Groupe CRIT SA	Pair Corr
0.69	KCDMY	Kimberly Clark de	Pair Corr
0.66	SAR	Saratoga Investment Corp	Pair Corr
0.63	YLLXF	Yellow Cake plc	Pair Corr
0.63	OBYCF	Obayashi	Pair Corr
0.62	ONTF	ON24 Inc	Pair Corr
0.61	WMT	Walmart Common Stock	Pair Corr
0.6	SECVY	Seche Environnement	Pair Corr
0.57	EPD	Enterprise Products	Pair Corr
0.44	SCAGW	Scage Future Warrants	Pair Corr
0.41	SVSN	Stereo Vision Entert	Pair Corr
0.38	VLKPF	Volkswagen AG VZO	Pair Corr

Related Correlations Analysis

	CTOS	NSP	NSSC	DCO	WLDN	CODI	NMM	ICFI
CTOS		0.47	0.12	0.74	0.58	0.43	0.7	0.56	CTOS
NSP	0.47		-0.15	0.71	0.88	-0.25	0.44	0.94	NSP
NSSC	0.12	-0.15		-0.01	-0.28	-0.23	-0.25	-0.06	NSSC
DCO	0.74	0.71	-0.01		0.82	0.15	0.81	0.78	DCO
WLDN	0.58	0.88	-0.28	0.82		-0.02	0.69	0.9	WLDN
CODI	0.43	-0.25	-0.23	0.15	-0.02		0.5	-0.18	CODI
NMM	0.7	0.44	-0.25	0.81	0.69	0.5		0.52	NMM
ICFI	0.56	0.94	-0.06	0.78	0.9	-0.18	0.52		ICFI
	CTOS	NSP	NSSC	DCO	WLDN	CODI	NMM	ICFI

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

ICFI	+ 0.94	NSP
ICFI	+ 0.9	WLDN
WLDN	+ 0.88	NSP
WLDN	+ 0.82	DCO
NMM	+ 0.81	DCO
ICFI	+ 0.78	DCO

High negative correlations

WLDN	- 0.28	NSSC
NMM	- 0.25	NSSC
CODI	- 0.25	NSP
CODI	- 0.23	NSSC
ICFI	- 0.18	CODI
NSSC	- 0.15	NSP

Risk-Adjusted Indicators

There is a big difference between Lucas Stock performing well and Lucas GC 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 Lucas GC'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
CTOS	1.92	0.10	0.10	0.13	1.79	(2.55)	5.53	(3.54)	15.80
NSP	2.32	(0.16)	0.00	(0.03)	0.00	0.00	4.91	(5.70)	17.82
NSSC	1.86	(0.17)	0.00	(0.02)	0.00	0.00	4.55	(3.71)	12.64
DCO	1.51	0.32	0.20	0.32	1.41	(1.76)	4.61	(2.29)	12.32
WLDN	2.59	0.20	0.07	0.19	3.43	(2.87)	5.41	(4.28)	18.57
CODI	3.99	0.10	0.03	0.15	5.47	(4.00)	9.07	(6.84)	35.68
NMM	1.26	0.35	0.22	3.14	0.99	(1.53)	2.66	(2.05)	7.50
ICFI	1.54	0.01	0.00	0.10	1.65	(1.73)	4.00	(2.73)	9.67

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