Life360 Common Correlations

LIF Stock   57.85  0.56  0.98%   
The current 90-days correlation between Life360 Common Stock and CommVault Systems is 0.22 (i.e., Modest 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

Excellent diversification

The correlation between Life360 Common Stock and DJI is -0.58 (i.e., Excellent 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

  0.85DT Dynatrace Holdings LLC Earnings Call TomorrowPairCorr
  0.61DOCU DocuSignPairCorr
  0.81OTEX Open Text Corp Earnings Call This WeekPairCorr
  0.84WKEY Wisekey InternationalPairCorr
  0.93BSY Bentley SystemsPairCorr
  0.73MRT Marti TechnologiesPairCorr
  0.66XNET Xunlei Ltd AdrPairCorr
  0.72SAP SAP SE ADRPairCorr
  0.75WCT Wellchange HoldingsPairCorr
  0.78LMN Lumine GroupPairCorr
  0.69MYSE Myseum Symbol ChangePairCorr
  0.68TOI TopicusPairCorr
  0.82PERF Perfect CorpPairCorr
  0.88AEYE AudioEyePairCorr
  0.86AMST Amesite OperatingPairCorr
  0.76ARBE Arbe RoboticsPairCorr
  0.8SMSI Smith Micro SoftwarePairCorr
  0.81STEX Streamex Corp Symbol ChangePairCorr

Moving against Life360 Stock

  0.87MGIC Magic Software EnterPairCorr
  0.77MTC MMTEC Inc Upward RallyPairCorr
  0.71API Agora IncPairCorr
  0.67LTCH Latch IncPairCorr
  0.67ONTF ON24 IncPairCorr
  0.58MITK Mitek SystemsPairCorr
  0.37U Unity SoftwarePairCorr
  0.83TCX Tucows IncPairCorr
  0.77NHYDY Norsk Hydro ASAPairCorr
  0.76MTSFY Mitsui Fudosan Earnings Call This WeekPairCorr
  0.66LOVFF Cannara BiotechPairCorr
  0.6BWA BorgWarner Earnings Call This WeekPairCorr
  0.59ALPRG ProloguePairCorr
  0.57ASML ASML Holding NVPairCorr
  0.47AXIN Axiom IntelligencePairCorr

Related Correlations Analysis


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

WIXAPPF
DBXLYFT
APPFSRAD
WIXSRAD
WIXNICE
DBXAPPF
  

High negative correlations

NICEPCTY
NICEMTCH

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CVLT  2.07 (0.76) 0.00 (0.36) 0.00 
 2.42 
 35.55 
SRAD  1.57 (0.61) 0.00 (3.14) 0.00 
 2.44 
 10.47 
MTCH  1.08 (0.07) 0.00 (1.23) 0.00 
 2.56 
 7.35 
APPF  1.64 (0.38) 0.00 (0.25) 0.00 
 3.09 
 16.26 
LYFT  2.39 (0.26) 0.00  1.34  0.00 
 3.73 
 14.46 
PCTY  1.43 (0.18) 0.00 (0.12) 0.00 
 3.51 
 11.01 
NICE  1.74 (0.36) 0.00 (0.29) 0.00 
 3.22 
 18.80 
DSGX  1.52 (0.44) 0.00 (0.57) 0.00 
 2.02 
 19.62 
DBX  1.34 (0.21) 0.00 (0.44) 0.00 
 2.53 
 15.22 
WIX  2.47 (0.76) 0.00 (1.26) 0.00 
 5.78 
 27.47 

Life360 Common Corporate Management

Justin MooreChief OfficerProfile
James SelbyChief OfficerProfile
Matthew CullenGeneral SecretaryProfile
Paul LeitnerDeputy CounselProfile