Lindblad Expeditions Correlations

LIND Stock

USD 12.16 0.64 5.56%

The current 90-days correlation between Lindblad Expeditions and Despegar Corp is 0.01 (i.e., Significant diversification). The correlation of Lindblad Expeditions 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.

Lindblad Expeditions Correlation With Market

Weak diversification

The correlation between Lindblad Expeditions Holdings and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions 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 Lindblad Expeditions 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 board of governors.

Moving together with Lindblad Stock

0.69	WH	Wyndham Hotels Resorts	Pair Corr
0.78	DKNG	DraftKings	Pair Corr
0.8	EXPE	Expedia Group	Pair Corr
0.77	BYD	Boyd Gaming	Pair Corr
0.82	CCL	Carnival Aggressive Push	Pair Corr
0.78	CHH	Choice Hotels Intern	Pair Corr
0.81	CSV	Carriage Services	Pair Corr
0.82	CUK	Carnival Plc ADS	Pair Corr
0.62	DPZ	Dominos Pizza Common	Pair Corr
0.66	EAT	Brinker International	Pair Corr
0.7	FAT	FAT Brands	Pair Corr
0.79	FUN	Six Flags Entertainment Sell-off Trend	Pair Corr
0.84	FTDR	Frontdoor	Pair Corr
0.83	HGV	Hilton Grand Vacations	Pair Corr
0.83	HLT	Hilton Worldwide Holdings Sell-off Trend	Pair Corr
0.78	IHG	InterContinental Hotels	Pair Corr
0.69	FWRG	First Watch Restaurant	Pair Corr

Moving against Lindblad Stock

0.73	BDL	Flanigans Enterprises	Pair Corr
0.5	WYNN	Wynn Resorts Limited	Pair Corr
0.48	CZR	Caesars Entertainment	Pair Corr
0.35	CDROW	Codere Online Luxembourg	Pair Corr
0.46	GHG	GreenTree Hospitality	Pair Corr
0.44	EJH	E Home Household	Pair Corr
0.39	FLL	Full House Resorts	Pair Corr
0.39	MGM	MGM Resorts International	Pair Corr
0.37	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	YTRA	DESP	SABRP	MOND	MMYT	TOUR	TRIP	CCL	TNL	ISPOW
YTRA		-0.65	0.17	0.77	-0.26	0.72	0.05	-0.54	-0.44	-0.09	YTRA
DESP	-0.65		-0.23	-0.74	0.52	-0.75	-0.34	0.66	0.52	0.11	DESP
SABRP	0.17	-0.23		-0.11	-0.52	0.26	0.44	-0.61	-0.51	0.48	SABRP
MOND	0.77	-0.74	-0.11		-0.11	0.71	0.04	-0.43	-0.34	-0.51	MOND
MMYT	-0.26	0.52	-0.52	-0.11		-0.34	-0.41	0.74	0.54	-0.45	MMYT
TOUR	0.72	-0.75	0.26	0.71	-0.34		0.43	-0.62	-0.41	-0.05	TOUR
TRIP	0.05	-0.34	0.44	0.04	-0.41	0.43		-0.61	-0.5	0.3	TRIP
CCL	-0.54	0.66	-0.61	-0.43	0.74	-0.62	-0.61		0.86	-0.23	CCL
TNL	-0.44	0.52	-0.51	-0.34	0.54	-0.41	-0.5	0.86		-0.07	TNL
ISPOW	-0.09	0.11	0.48	-0.51	-0.45	-0.05	0.3	-0.23	-0.07		ISPOW
	YTRA	DESP	SABRP	MOND	MMYT	TOUR	TRIP	CCL	TNL	ISPOW

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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

TNL	+ 0.86	CCL
MOND	+ 0.77	YTRA
CCL	+ 0.74	MMYT
TOUR	+ 0.72	YTRA
TOUR	+ 0.71	MOND
CCL	+ 0.66	DESP

High negative correlations

TOUR	- 0.75	DESP
MOND	- 0.74	DESP
DESP	- 0.65	YTRA
CCL	- 0.62	TOUR
CCL	- 0.61	TRIP
CCL	- 0.61	SABRP

Risk-Adjusted Indicators

There is a big difference between Lindblad Stock performing well and Lindblad Expeditions 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 Lindblad Expeditions' 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
YTRA	1.63	(0.49)	0.00	(0.84)	0.00	0.00	3.39	(3.88)	11.67
DESP	2.59	0.70	0.29	0.69	2.00	(3.44)	5.78	(3.54)	33.61
SABRP	2.86	0.05	0.02	(0.07)	3.40	(3.56)	7.99	(6.16)	18.31
MOND	7.72	(4.32)	0.00	(100.30)	0.00	0.00	7.87	(24.35)	65.61
MMYT	2.18	0.10	0.03	0.22	3.00	(2.16)	4.15	(5.25)	19.27
TOUR	2.52	(0.23)	0.00	0.95	0.00	0.00	6.25	(6.48)	19.88
TRIP	1.90	0.15	0.04	0.25	3.11	(1.80)	3.12	(4.39)	16.78
CCL	1.54	0.32	0.19	1.15	1.44	(1.84)	4.83	(2.52)	12.51
TNL	1.15	0.21	0.14	0.44	1.32	(1.36)	2.77	(2.43)	9.63
ISPOW	11.28	2.28	0.10	0.57	12.21	(20.01)	30.00	(26.67)	93.85

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