LightPath Technologies Correlations

LPTH Stock

USD 13.60 2.36 21.00%

The current 90-days correlation between LightPath Technologies and Commerce is 0.01 (i.e., Significant diversification). The correlation of LightPath Technologies 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.

LightPath Technologies Correlation With Market

Poor diversification

The correlation between LightPath Technologies and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LightPath Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LightPath Stock

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

For more detail on how to invest in LightPath Stock please use our How to Invest in LightPath Technologies guide.

Moving together with LightPath Stock

0.71	Q	Qnity Electronics Earnings Call This Week	Pair Corr
0.61	LFS	Littelfuse	Pair Corr
0.61	1Q3	SENSIRION HOLDING	Pair Corr
0.64	PX4	Plexus Corp	Pair Corr
0.87	P4O	Plan Optik AG	Pair Corr
0.75	VRME	VerifyMe	Pair Corr
0.73	MKT	MKS Instruments	Pair Corr
0.78	SOLI	Solid State Plc	Pair Corr
0.67	H7B	COHERENT CORP	Pair Corr
0.76	BAERW	Bridger Aerospace	Pair Corr
0.67	MLI	MESA LABS INC	Pair Corr
0.82	SRT	SRT Marine Systems	Pair Corr

Moving against LightPath Stock

0.79	AMPGW	AmpliTech Group	Pair Corr
0.69	EHGO	Eshallgo Class A	Pair Corr
0.66	75S	SDM SE INH	Pair Corr
0.63	ELSE	Electro Sensors	Pair Corr
0.57	OBD	Obducat AB	Pair Corr
0.39	EBON	Ebang International	Pair Corr
0.81	FCUV	Focus Universal Earnings Call This Week	Pair Corr
0.73	CDW	CDW Corp Sell-off Trend	Pair Corr
0.67	TDKA	TDK Corporation	Pair Corr
0.57	DLB	Dolby Laboratories	Pair Corr
0.4	BMI	Badger Meter	Pair Corr
0.4	IDN	Intellicheck Mobilisa	Pair Corr

Related Correlations Analysis

	MVIS	CMRC	NNDM	LSAK	FEIM	DDD	VERI	AXTI	MLAB	RMNI
MVIS		0.77	-0.59	-0.27	-0.27	-0.06	0.7	-0.55	-0.62	0.81	MVIS
CMRC	0.77		-0.72	-0.55	-0.56	-0.32	0.76	-0.72	-0.72	0.85	CMRC
NNDM	-0.59	-0.72		0.28	0.29	0.31	-0.41	0.57	0.64	-0.59	NNDM
LSAK	-0.27	-0.55	0.28		0.91	0.33	-0.11	0.72	0.57	-0.18	LSAK
FEIM	-0.27	-0.56	0.29	0.91		0.35	-0.17	0.74	0.6	-0.19	FEIM
DDD	-0.06	-0.32	0.31	0.33	0.35		-0.3	0.46	0.35	-0.2	DDD
VERI	0.7	0.76	-0.41	-0.11	-0.17	-0.3		-0.44	-0.48	0.9	VERI
AXTI	-0.55	-0.72	0.57	0.72	0.74	0.46	-0.44		0.84	-0.56	AXTI
MLAB	-0.62	-0.72	0.64	0.57	0.6	0.35	-0.48	0.84		-0.62	MLAB
RMNI	0.81	0.85	-0.59	-0.18	-0.19	-0.2	0.9	-0.56	-0.62		RMNI
	MVIS	CMRC	NNDM	LSAK	FEIM	DDD	VERI	AXTI	MLAB	RMNI

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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

FEIM	+ 0.91	LSAK
RMNI	+ 0.9	VERI
RMNI	+ 0.85	CMRC
MLAB	+ 0.84	AXTI
RMNI	+ 0.81	MVIS
CMRC	+ 0.77	MVIS

High negative correlations

MLAB	- 0.72	CMRC
AXTI	- 0.72	CMRC
NNDM	- 0.72	CMRC
RMNI	- 0.62	MLAB
MLAB	- 0.62	MVIS
RMNI	- 0.59	NNDM

Risk-Adjusted Indicators

There is a big difference between LightPath Stock performing well and LightPath Technologies 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 LightPath Technologies' 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
MVIS	3.41	(0.20)	0.00	(0.04)	0.00	0.00	7.06	(7.45)	18.98
CMRC	2.31	(0.91)	0.00	(1.36)	0.00	0.00	2.75	(7.54)	15.88
NNDM	2.51	0.37	0.12	0.23	3.06	(2.86)	6.21	(5.14)	16.39
LSAK	1.87	0.21	0.09	0.85	1.72	(2.29)	4.99	(3.01)	13.46
FEIM	3.72	0.99	0.23	0.97	3.68	(4.16)	7.87	(6.11)	38.17
DDD	4.04	(0.10)	0.01	0.03	4.60	(5.25)	10.55	(7.01)	26.42
VERI	3.52	(0.58)	0.00	(0.16)	0.00	0.00	6.47	(8.09)	28.47
AXTI	6.50	1.44	0.23	0.67	5.82	(7.81)	17.70	(10.99)	35.11
MLAB	2.01	0.25	0.12	0.22	2.05	(2.46)	5.45	(3.67)	16.68
RMNI	1.50	(0.42)	0.00	22.30	0.00	0.00	2.43	(3.53)	9.53

LightPath Technologies Corporate Executives

Elected by the shareholders, the LightPath Technologies' board of directors comprises two types of representatives: LightPath Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LightPath. The board's role is to monitor LightPath Technologies' management team and ensure that shareholders' interests are well served. LightPath Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LightPath Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Albert Miranda

Secretary CFO

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