Lite Strategy Correlations

LITS Stock

1.47 0.02 1.34%

The current 90-days correlation between Lite Strategy and Tscan Therapeutics is 0.14 (i.e., Average diversification). The correlation of Lite Strategy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lite Strategy Correlation With Market

Modest diversification

The correlation between Lite Strategy and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lite Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lite Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lite Strategy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Lite Stock please use our How to Invest in Lite Strategy guide.

Moving against Lite Stock

0.8	VRTX	Vertex Pharmaceuticals	Pair Corr
0.78	REGN	Regeneron Pharmaceuticals	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.59	TLK	Telkom Indonesia Tbk	Pair Corr
0.55	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.75	GPAEF	Grupo Aeroportuario del	Pair Corr
0.74	TWLO	Twilio Inc	Pair Corr
0.72	SRBK	SR Bancorp Common	Pair Corr
0.7	RHHBY	Roche Holding	Pair Corr
0.7	ISPO	Inspirato	Pair Corr
0.69	MODG	Callaway Golf	Pair Corr
0.68	MITK	Mitek Systems	Pair Corr
0.6	OHI	Omega Healthcare Inv	Pair Corr
0.56	KODK	Eastman Kodak	Pair Corr
0.56	ESLT	Elbit Systems	Pair Corr
0.51	JXN-PA	Jackson Financial	Pair Corr
0.48	UNTN	United Tennessee Ban	Pair Corr
0.42	CLRI	Cleartronic	Pair Corr
0.38	ECRFF	Cartier Resources	Pair Corr
0.85	ENVA	Enova International	Pair Corr
0.82	CULL	Cullman Bancorp	Pair Corr
0.8	ATI	Allegheny Technologies	Pair Corr
0.77	GT	Goodyear Tire Rubber	Pair Corr
0.77	NMR	Nomura Holdings ADR	Pair Corr
0.75	FER	Ferrovial SE	Pair Corr

Related Correlations Analysis

	TCRX	ACET	IMUX	PMVP	RLMD	NTRB	ACRV	HOWL	XBIT	IOBT
TCRX		0.82	0.79	0.66	-0.87	0.8	-0.67	0.73	0.19	0.33	TCRX
ACET	0.82		0.69	0.84	-0.79	0.95	-0.64	0.91	0.1	0.47	ACET
IMUX	0.79	0.69		0.57	-0.83	0.66	-0.65	0.63	0.17	0.28	IMUX
PMVP	0.66	0.84	0.57		-0.62	0.82	-0.47	0.78	0.06	0.68	PMVP
RLMD	-0.87	-0.79	-0.83	-0.62		-0.8	0.74	-0.74	-0.13	-0.42	RLMD
NTRB	0.8	0.95	0.66	0.82	-0.8		-0.62	0.92	0.12	0.55	NTRB
ACRV	-0.67	-0.64	-0.65	-0.47	0.74	-0.62		-0.52	-0.18	-0.22	ACRV
HOWL	0.73	0.91	0.63	0.78	-0.74	0.92	-0.52		0.07	0.59	HOWL
XBIT	0.19	0.1	0.17	0.06	-0.13	0.12	-0.18	0.07		-0.06	XBIT
IOBT	0.33	0.47	0.28	0.68	-0.42	0.55	-0.22	0.59	-0.06		IOBT
	TCRX	ACET	IMUX	PMVP	RLMD	NTRB	ACRV	HOWL	XBIT	IOBT

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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

NTRB	+ 0.95	ACET
HOWL	+ 0.92	NTRB
HOWL	+ 0.91	ACET
PMVP	+ 0.84	ACET
ACET	+ 0.82	TCRX
NTRB	+ 0.82	PMVP

High negative correlations

RLMD	- 0.87	TCRX
RLMD	- 0.83	IMUX
NTRB	- 0.8	RLMD
RLMD	- 0.79	ACET
HOWL	- 0.74	RLMD
ACRV	- 0.67	TCRX

Risk-Adjusted Indicators

There is a big difference between Lite Stock performing well and Lite Strategy 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 Lite Strategy'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
TCRX	4.58	(0.70)	0.00	(0.17)	0.00	0.00	11.21	(9.68)	47.29
ACET	3.44	(1.00)	0.00	(2.83)	0.00	0.00	6.18	(7.60)	17.79
IMUX	3.43	(0.46)	0.00	(0.20)	0.00	0.00	9.43	(6.58)	17.09
PMVP	2.45	(0.19)	0.00	(0.23)	0.00	0.00	5.98	(4.58)	14.61
RLMD	4.77	1.32	0.27	2.82	4.02	(6.21)	12.44	(8.60)	36.80
NTRB	3.45	(0.83)	0.00	(0.48)	0.00	0.00	9.04	(7.23)	32.02
ACRV	4.98	0.06	0.01	0.13	7.45	(5.47)	8.62	(9.09)	66.02
HOWL	4.47	(1.44)	0.00	(0.77)	0.00	0.00	7.69	(8.00)	51.99
XBIT	3.36	0.03	0.00	0.13	3.23	(5.15)	6.67	(5.88)	28.09
IOBT	7.31	0.24	0.04	0.22	7.64	(9.98)	20.93	(14.29)	44.87

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