Lumentum Holdings Correlations

LITE Stock

USD 85.61 3.14 3.81%

The current 90-days correlation between Lumentum Holdings and Juniper Networks is 0.17 (i.e., Average diversification). The correlation of Lumentum Holdings 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.

Lumentum Holdings Correlation With Market

Poor diversification

The correlation between Lumentum Holdings and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lumentum 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 Lumentum 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 estimate.

For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.

Moving together with Lumentum Stock

0.77	EHGO	Eshallgo Class A	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	IPGP	IPG Photonics	Pair Corr
0.82	KLIC	Kulicke and Soffa	Pair Corr
0.92	CWAN	Clearwater Analytics	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.84	AMZN	Amazon Inc	Pair Corr
0.7	HNHPF	Hon Hai Precision	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Lumentum Stock

0.77	ACLS	Axcelis Technologies	Pair Corr
0.7	CDW	CDW Corp	Pair Corr
0.68	TER	Teradyne	Pair Corr
0.68	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.62	ICG	Intchains Group	Pair Corr
0.59	VECO	Veeco Instruments	Pair Corr
0.58	KLAC	KLA Tencor	Pair Corr
0.58	SIMO	Silicon Motion Technology	Pair Corr
0.51	FORM	FormFactor	Pair Corr
0.42	AEHR	Aehr Test Systems	Pair Corr
0.88	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	VWAPY	Volkswagen AG Pref	Pair Corr
0.83	VWAGY	Volkswagen AG 110	Pair Corr
0.81	VLKAF	Volkswagen AG	Pair Corr
0.81	DPSTF	Deutsche Post AG	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.78	VLKPF	Volkswagen AG VZO	Pair Corr
0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.76	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.47	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	HPE	JNPR	CIEN	MSI	CSCO	VIAV	INFN	AAOI	LITE	EXTR
HPE		-0.24	0.88	0.8	0.83	0.81	0.5	0.68	0.85	0.6	HPE
JNPR	-0.24		-0.12	-0.38	-0.22	-0.23	0.09	-0.62	-0.46	-0.12	JNPR
CIEN	0.88	-0.12		0.88	0.92	0.91	0.7	0.72	0.88	0.63	CIEN
MSI	0.8	-0.38	0.88		0.91	0.88	0.55	0.92	0.93	0.57	MSI
CSCO	0.83	-0.22	0.92	0.91		0.95	0.64	0.8	0.88	0.6	CSCO
VIAV	0.81	-0.23	0.91	0.88	0.95		0.56	0.78	0.9	0.71	VIAV
INFN	0.5	0.09	0.7	0.55	0.64	0.56		0.44	0.5	0.22	INFN
AAOI	0.68	-0.62	0.72	0.92	0.8	0.78	0.44		0.92	0.51	AAOI
LITE	0.85	-0.46	0.88	0.93	0.88	0.9	0.5	0.92		0.7	LITE
EXTR	0.6	-0.12	0.63	0.57	0.6	0.71	0.22	0.51	0.7		EXTR
	HPE	JNPR	CIEN	MSI	CSCO	VIAV	INFN	AAOI	LITE	EXTR

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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

VIAV	+ 0.95	CSCO
LITE	+ 0.93	MSI
CSCO	+ 0.92	CIEN
AAOI	+ 0.92	MSI
LITE	+ 0.92	AAOI
VIAV	+ 0.91	CIEN

High negative correlations

AAOI	- 0.62	JNPR
LITE	- 0.46	JNPR
MSI	- 0.38	JNPR
JNPR	- 0.24	HPE
VIAV	- 0.23	JNPR
CSCO	- 0.22	JNPR

Risk-Adjusted Indicators

There is a big difference between Lumentum Stock performing well and Lumentum Holdings 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 Lumentum Holdings' 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
HPE	1.63	0.23	0.04	(1.41)	2.40	(1.67)	3.74	(3.48)	12.19
JNPR	0.38	(0.16)	0.00	(0.78)	0.00	0.00	0.44	(0.80)	5.98
CIEN	1.74	0.17	0.12	0.20	1.76	(2.03)	4.13	(3.63)	12.09
MSI	0.76	0.17	0.18	0.36	0.42	(0.91)	1.71	(1.14)	8.89
CSCO	0.73	0.11	0.12	0.22	0.59	(0.81)	1.71	(1.29)	6.38
VIAV	1.39	0.11	0.10	0.16	1.56	(1.55)	3.02	(2.47)	9.95
INFN	0.71	0.15	0.05	(0.82)	0.45	(1.11)	1.98	(1.04)	5.32
AAOI	5.64	2.15	0.53	0.87	3.54	(7.19)	12.94	(5.85)	59.88
LITE	2.53	0.39	0.22	0.23	2.39	(3.19)	6.22	(4.66)	18.19
EXTR	1.76	(0.10)	0.00	0.05	2.13	(1.92)	3.95	(3.30)	18.17

Lumentum Holdings Corporate Management

Jae Esq	General VP	Profile
Misha Rozenberg	Executive Officer	Profile
Andrea Milani	VP Sales	Profile
Matthew Sepe	Chief Accounting Officer	Profile
Ralph Loura	VP Officer	Profile
Caroline Pan	Senior Officer	Profile

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