LGL Correlations

LGL Stock

USD 6.15 0.11 1.82%

The current 90-days correlation between LGL Group and Micropac Industries is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LGL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LGL Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LGL Correlation With Market

Good diversification

The correlation between LGL Group and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LGL Group 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 LGL Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against LGL Stock

0.47	FRGT	Freight Technologies	Pair Corr
0.53	OKTA	Okta Inc	Pair Corr
0.44	PALT	Paltalk	Pair Corr
0.43	MAXN	Maxeon Solar Technologies Downward Rally	Pair Corr
0.35	ADBE	Adobe Systems Fiscal Year End 11th of December 2024	Pair Corr

Related Correlations Analysis

	DAKT	BELFB	LYTS	SANM	MPAD	DSWL	SGMA	IEHC	ELTK	KOPN
DAKT		-0.06	0.44	0.61	0.51	0.03	0.66	-0.15	0.04	0.46	DAKT
BELFB	-0.06		0.4	0.22	0.32	0.76	0.02	0.19	-0.07	-0.72	BELFB
LYTS	0.44	0.4		0.83	0.91	0.45	-0.17	0.18	0.57	-0.16	LYTS
SANM	0.61	0.22	0.83		0.81	0.23	0.07	0.12	0.46	0.03	SANM
MPAD	0.51	0.32	0.91	0.81		0.41	-0.05	0.23	0.42	-0.04	MPAD
DSWL	0.03	0.76	0.45	0.23	0.41		-0.08	0.26	0.14	-0.41	DSWL
SGMA	0.66	0.02	-0.17	0.07	-0.05	-0.08		-0.27	-0.52	0.28	SGMA
IEHC	-0.15	0.19	0.18	0.12	0.23	0.26	-0.27		0.04	-0.19	IEHC
ELTK	0.04	-0.07	0.57	0.46	0.42	0.14	-0.52	0.04		0.08	ELTK
KOPN	0.46	-0.72	-0.16	0.03	-0.04	-0.41	0.28	-0.19	0.08		KOPN
	DAKT	BELFB	LYTS	SANM	MPAD	DSWL	SGMA	IEHC	ELTK	KOPN

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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

MPAD	+ 0.91	LYTS
SANM	+ 0.83	LYTS
MPAD	+ 0.81	SANM
DSWL	+ 0.76	BELFB
SGMA	+ 0.66	DAKT
SANM	+ 0.61	DAKT

High negative correlations

KOPN	- 0.72	BELFB
ELTK	- 0.52	SGMA
KOPN	- 0.41	DSWL
IEHC	- 0.27	SGMA
KOPN	- 0.19	IEHC
SGMA	- 0.17	LYTS

Risk-Adjusted Indicators

There is a big difference between LGL Stock performing well and LGL 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 LGL'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
DAKT	1.85	(0.20)	0.00	(0.04)	0.00	0.00	3.48	(4.61)	13.80
BELFB	1.80	0.06	0.10	0.11	1.67	(2.19)	3.00	(2.86)	20.73
LYTS	1.47	0.37	0.36	0.30	0.85	(1.96)	5.36	(1.65)	10.64
SANM	1.48	0.01	0.06	0.09	1.50	(1.67)	2.35	(2.64)	15.90
MPAD	1.75	0.55	0.17	0.55	1.07	(4.34)	4.84	(1.78)	25.86
DSWL	1.45	0.17	0.04	(3.13)	1.86	(1.63)	3.48	(3.79)	12.33
SGMA	2.51	(0.35)	0.00	(1.12)	0.00	0.00	5.56	(6.47)	14.06
IEHC	2.58	0.34	0.03	(2.39)	3.48	(7.43)	7.59	(5.26)	47.92
ELTK	1.26	0.26	0.07	(1.04)	1.69	(1.33)	2.42	(2.55)	11.81
KOPN	4.06	0.12	0.02	0.20	7.11	(4.70)	9.72	(6.73)	44.54

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