LightPath Technologies Correlations

LPTH Stock

USD 3.27 0.16 4.66%

The current 90-days correlation between LightPath Technologies and Richardson Electronics is 0.07 (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.

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 estimate.

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

0.66	PSTG	Pure Storage	Pair Corr
0.69	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.69	ANET	Arista Networks	Pair Corr
0.63	CIEN	Ciena Corp Tech Boost	Pair Corr

Moving against LightPath Stock

0.72	HPQ	HP Inc	Pair Corr
0.7	REFR	Research Frontiers	Pair Corr
0.68	DM	Desktop Metal	Pair Corr
0.5	MSI	Motorola Solutions	Pair Corr
0.46	WDC	Western Digital	Pair Corr
0.37	RFIL	RF Industries Fiscal Year End 28th of January 2025	Pair Corr
0.33	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.31	STX	Seagate Technology PLC Tech Boost	Pair Corr
0.31	RELL	Richardson Electronics	Pair Corr
0.77	KNW	Know Labs	Pair Corr
0.74	S	SentinelOne	Pair Corr
0.68	ANY	Sphere 3D Corp	Pair Corr
0.67	DELL	Dell Technologies Aggressive Push	Pair Corr
0.67	INTC	Intel Aggressive Push	Pair Corr
0.66	ITRI	Itron Inc	Pair Corr
0.64	GNSS	Genasys Tech Boost	Pair Corr
0.57	IPGP	IPG Photonics	Pair Corr
0.44	VNT	Vontier Corp	Pair Corr
0.42	DGII	Digi International Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MEI	OSIS	PLXS	AMOT	CTS	BHE	LYTS	BELFB	RELL	BELFA
MEI		0.8	0.49	0.0	0.21	0.22	0.43	0.75	0.04	-0.27	MEI
OSIS	0.8		0.72	0.0	0.54	0.49	0.78	0.58	0.25	-0.28	OSIS
PLXS	0.49	0.72		0.0	0.76	0.72	0.71	0.16	0.24	-0.43	PLXS
AMOT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AMOT
CTS	0.21	0.54	0.76	0.0		0.82	0.69	0.16	0.58	0.05	CTS
BHE	0.22	0.49	0.72	0.0	0.82		0.77	0.18	0.46	-0.04	BHE
LYTS	0.43	0.78	0.71	0.0	0.69	0.77		0.19	0.32	-0.37	LYTS
BELFB	0.75	0.58	0.16	0.0	0.16	0.18	0.19		0.27	0.28	BELFB
RELL	0.04	0.25	0.24	0.0	0.58	0.46	0.32	0.27		0.37	RELL
BELFA	-0.27	-0.28	-0.43	0.0	0.05	-0.04	-0.37	0.28	0.37		BELFA
	MEI	OSIS	PLXS	AMOT	CTS	BHE	LYTS	BELFB	RELL	BELFA

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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

BHE	+ 0.82	CTS
OSIS	+ 0.8	MEI
LYTS	+ 0.78	OSIS
LYTS	+ 0.77	BHE
CTS	+ 0.76	PLXS
BELFB	+ 0.75	MEI

High negative correlations

BELFA	- 0.43	PLXS
BELFA	- 0.37	LYTS
BELFA	- 0.28	OSIS
BELFA	- 0.27	MEI
BELFA	- 0.04	BHE
BELFA	- 0.0	AMOT

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
MEI	3.00	0.33	0.08	0.64	3.38	(3.55)	7.70	(5.48)	29.97
OSIS	1.80	0.38	0.18	0.39	1.76	(2.00)	3.70	(3.17)	12.89
PLXS	1.50	0.15	0.05	0.73	2.16	(1.58)	2.35	(2.55)	13.00
AMOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTS	1.54	0.06	0.02	0.16	1.81	(1.63)	2.45	(2.79)	17.07
BHE	1.45	0.16	0.08	0.43	1.57	(1.72)	3.05	(2.78)	13.72
LYTS	1.90	0.60	0.36	0.49	1.26	(2.55)	5.36	(2.40)	12.54
BELFB	1.64	(0.03)	0.00	0.54	0.00	0.00	2.93	(3.05)	16.98
RELL	1.67	0.00	0.00	0.04	3.22	(1.49)	3.82	(3.70)	18.11
BELFA	1.58	(0.25)	0.00	(1.10)	0.00	0.00	3.53	(4.24)	13.08

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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