Life360, Common Correlations

LIF Stock   45.31  1.55  3.31%   
The current 90-days correlation between Life360, Common Stock and Vinci Partners Investments is 0.01 (i.e., Significant diversification). The correlation of Life360, Common 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.

Life360, Common Correlation With Market

Life360,DowDiversified AwayLife360,DowDiversified Away100%

Modest diversification

The correlation between Life360, Common Stock and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life360, Common Stock 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 Life360, Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Life360, Stock

  0.65DOMO Domo IncPairCorr
  0.63ESTC Elastic NVPairCorr
  0.64API Agora Inc Earnings Call TomorrowPairCorr

Moving against Life360, Stock

  0.43WK WorkivaPairCorr
  0.34FRGT Freight TechnologiesPairCorr

Related Correlations Analysis

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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   
ZHATEX
ZHPFX
VINPATEX
ZHVINP
PFXATEX
NWMHATEX
  
High negative correlations   
SPMMFNWMH
PFXVINP
ZHSPMMF
SPMMFPFX
ZHNWMH
PFXNWMH

Risk-Adjusted Indicators

There is a big difference between Life360, Stock performing well and Life360, Common 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 Life360, Common'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.

Life360, Common Corporate Management

Lauren AntonoffChief OfficerProfile
Melissa GoodellExecutive AssistantProfile
Justin MooreChief OfficerProfile
James SelbyChief OfficerProfile
Susan StickGeneral SecretaryProfile

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