Luokung Technology Correlations

LKCO Stock

USD 1.88 0.03 1.57%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Luokung Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luokung Technology Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Luokung Technology Correlation With Market

Significant diversification

The correlation between Luokung Technology Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luokung Technology Corp 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 Luokung Technology Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Luokung Stock

0.51	ADV	Advantage Solutions	Pair Corr
0.38	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.37	WLYB	John Wiley Sons	Pair Corr
0.31	BOC	Boston Omaha Corp	Pair Corr
0.62	IMAX	Imax Corp	Pair Corr
0.51	RSVR	Reservoir Media Earnings Call This Week	Pair Corr
0.4	SCHL	Scholastic	Pair Corr
0.39	WMG	Warner Music Group Earnings Call This Week	Pair Corr
0.39	LBRDA	Liberty Broadband Srs Downward Rally	Pair Corr
0.39	LBRDK	Liberty Broadband Srs Downward Rally	Pair Corr
0.31	CMCSA	Comcast Corp	Pair Corr
0.63	CHTR	Charter Communications Earnings Call Today	Pair Corr
0.45	EB	Eventbrite Class A	Pair Corr
0.43	Z	Zillow Group Class	Pair Corr
0.38	EA	Electronic Arts Earnings Call This Week	Pair Corr
0.33	DJCO	Daily Journal Corp	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PBTS	INPX	KSPN	AUUD	FRGT	CXAI	IDAI	BRQS	IFBD	VS
PBTS		0.72	0.67	0.73	0.24	-0.49	-0.11	0.77	-0.17	-0.44	PBTS
INPX	0.72		0.23	0.66	0.25	-0.51	-0.45	0.61	-0.38	-0.11	INPX
KSPN	0.67	0.23		0.47	0.05	-0.35	0.23	0.67	0.15	-0.68	KSPN
AUUD	0.73	0.66	0.47		0.23	-0.26	-0.07	0.6	0.07	-0.32	AUUD
FRGT	0.24	0.25	0.05	0.23		0.35	0.31	-0.03	0.16	0.32	FRGT
CXAI	-0.49	-0.51	-0.35	-0.26	0.35		0.51	-0.6	0.56	0.39	CXAI
IDAI	-0.11	-0.45	0.23	-0.07	0.31	0.51		-0.16	0.6	0.1	IDAI
BRQS	0.77	0.61	0.67	0.6	-0.03	-0.6	-0.16		-0.18	-0.47	BRQS
IFBD	-0.17	-0.38	0.15	0.07	0.16	0.56	0.6	-0.18		0.0	IFBD
VS	-0.44	-0.11	-0.68	-0.32	0.32	0.39	0.1	-0.47	0.0		VS
	PBTS	INPX	KSPN	AUUD	FRGT	CXAI	IDAI	BRQS	IFBD	VS

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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

BRQS	+ 0.77	PBTS
AUUD	+ 0.73	PBTS
INPX	+ 0.72	PBTS
KSPN	+ 0.67	PBTS
BRQS	+ 0.67	KSPN
AUUD	+ 0.66	INPX

High negative correlations

VS	- 0.68	KSPN
BRQS	- 0.6	CXAI
CXAI	- 0.51	INPX
CXAI	- 0.49	PBTS
VS	- 0.47	BRQS
IDAI	- 0.45	INPX

Risk-Adjusted Indicators

There is a big difference between Luokung Stock performing well and Luokung Technology 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 Luokung Technology'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
PBTS	71.04	35.36	1.68	(0.90)	15.82	(128.99)	25.00	(21.84)	2,409
INPX	4.54	(1.53)	0.00	6.17	0.00	0.00	5.71	(12.00)	49.23
KSPN	8.14	(0.54)	0.00	(0.30)	0.00	0.00	21.05	(13.33)	58.71
AUUD	3.50	(0.42)	0.00	(0.69)	0.00	0.00	7.84	(8.20)	25.91
FRGT	4.54	(0.60)	0.00	(0.26)	0.00	0.00	9.31	(8.05)	35.19
CXAI	5.67	0.49	0.05	(0.35)	6.11	(6.64)	11.94	(8.54)	46.87
IDAI	13.71	2.60	0.17	(0.74)	11.72	(18.28)	34.31	(22.64)	163.74
BRQS	3.57	(0.20)	0.00	(0.04)	0.00	0.00	9.52	(5.56)	36.69
IFBD	5.03	0.46	0.06	(16.17)	5.91	(5.50)	11.00	(7.76)	65.71
VS	5.56	0.08	0.00	65.41	5.47	(7.73)	14.38	(9.71)	59.08

Luokung Technology Corporate Management

Xuesong Song	CoFounder Chairman	Profile
Jian Zhang	Chief Officer	Profile
Jie Yu	Chief Officer	Profile
Baomin Li	Chief Officer	Profile

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