Lmp Automotive Correlations
| LMPXDelisted Stock | USD 7.00 0.50 7.69% |
The current 90-days correlation between Lmp Automotive Holdings and U Power Limited is 0.1 (i.e., Average diversification). The correlation of Lmp Automotive 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.
Lmp Automotive Correlation With Market
Significant diversification
The correlation between Lmp Automotive Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lmp Automotive Holdings and DJI in the same portfolio, assuming nothing else is changed.
Lmp |
The ability to find closely correlated positions to Lmp Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lmp Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lmp Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lmp Automotive Holdings to buy it.
Moving together with Lmp OTC Stock
| 0.69 | GORV | Lazydays Holdings Symbol Change | PairCorr |
| 0.73 | CTNT | Cheetah Net Supply | PairCorr |
| 0.83 | DIBS | 1StdibsCom | PairCorr |
Moving against Lmp OTC Stock
| 0.75 | LAD | Lithia Motors | PairCorr |
| 0.7 | KFS | Kingsway Financial | PairCorr |
| 0.65 | RUSHA | Rush Enterprises A | PairCorr |
| 0.62 | DRVN | Driven Brands Holdings | PairCorr |
| 0.56 | RUSHB | Rush Enterprises B | PairCorr |
| 0.49 | ABG | Asbury Automotive | PairCorr |
| 0.48 | KAR | KAR Auction Services | PairCorr |
| 0.45 | SDAWW | SunCar Technology | PairCorr |
| 0.36 | SAH | Sonic Automotive | PairCorr |
| 0.8 | CVNA | Carvana | PairCorr |
| 0.77 | CARG | CarGurus | PairCorr |
| 0.76 | AS | Amer Sports, Upward Rally | PairCorr |
| 0.72 | CANG | Cango Inc | PairCorr |
| 0.69 | GM | General Motors Aggressive Push | PairCorr |
| 0.62 | IP | International Paper | PairCorr |
| 0.56 | GT | Goodyear Tire Rubber | PairCorr |
| 0.54 | UXIN | Uxin Earnings Call This Week | PairCorr |
| 0.52 | EM | Smart Share Global | PairCorr |
| 0.52 | HD | Home Depot | PairCorr |
| 0.51 | BQ | Boqii Holding Limited | PairCorr |
| 0.39 | H | Hyatt Hotels | PairCorr |
| 0.34 | UCAR | U Power Limited Downward Rally | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lmp OTC Stock performing well and Lmp Automotive OTC Stock 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 Lmp Automotive'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CARG | 1.43 | 0.22 | 0.16 | 0.27 | 1.33 | 3.59 | 7.36 | |||
| KAR | 1.51 | 0.08 | 0.08 | 0.15 | 1.35 | 2.62 | 13.95 | |||
| KFS | 1.35 | 0.14 | 0.06 | 0.33 | 1.38 | 2.89 | 10.73 | |||
| DRVN | 1.61 | 0.07 | 0.05 | 0.15 | 1.82 | 3.50 | 10.30 | |||
| GPI | 1.59 | 0.05 | 0.06 | 0.13 | 1.50 | 3.60 | 11.29 | |||
| PAG | 1.13 | (0.17) | 0.00 | (0.04) | 0.00 | 2.50 | 6.98 | |||
| LAD | 1.78 | 0.29 | 0.20 | 0.27 | 1.54 | 4.90 | 13.35 | |||
| AN | 1.56 | (0.23) | 0.00 | (0.03) | 0.00 | 3.73 | 8.95 | |||
| ABG | 1.73 | (0.03) | 0.03 | 0.08 | 1.70 | 4.06 | 9.76 | |||
| SAH | 1.77 | (0.14) | (0.01) | 0.04 | 1.85 | 3.59 | 13.17 |
View Lmp Automotive Related Equities
| Risk & Return | Correlation |
Still Interested in Lmp Automotive Holdings?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.