Lightbridge Corp Correlations

LTBR Stock

USD 6.30 0.51 7.49%

The current 90-days correlation between Lightbridge Corp and Espey Mfg Electronics is -0.13 (i.e., Good diversification). The correlation of Lightbridge Corp 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.

Lightbridge Corp Correlation With Market

Significant diversification

The correlation between Lightbridge 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 Lightbridge 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 Lightbridge 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 bureau of labor statistics.

To learn how to invest in Lightbridge Stock, please use our How to Invest in Lightbridge Corp guide.

Moving together with Lightbridge Stock

0.69	BV	BrightView Holdings	Pair Corr
0.76	LZ	LegalZoom	Pair Corr
0.72	NL	NL Industries	Pair Corr
0.65	SQ	Block Inc	Pair Corr
0.73	WM	Waste Management	Pair Corr
0.83	VSEC	VSE Corporation	Pair Corr
0.75	EXLS	ExlService Holdings	Pair Corr
0.77	WLDN	Willdan Group	Pair Corr
0.76	ADP	Automatic Data Processing	Pair Corr
0.65	FOUR	Shift4 Payments	Pair Corr

Moving against Lightbridge Stock

0.76	VCIG	VCI Global Limited	Pair Corr
0.71	VLTO	Veralto	Pair Corr
0.7	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.63	FA	First Advantage Corp	Pair Corr
0.54	MG	Mistras Group	Pair Corr
0.77	WHLM	Wilhelmina	Pair Corr
0.7	FORR	Forrester Research	Pair Corr
0.6	EXPO	Exponent	Pair Corr
0.58	ACU	Acme United	Pair Corr
0.8	SMX	SMX Public Limited	Pair Corr
0.79	EFX	Equifax	Pair Corr
0.74	FCN	FTI Consulting	Pair Corr
0.61	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.5	WNS	WNS Holdings	Pair Corr
0.46	TRI	Thomson Reuters Corp	Pair Corr

Related Correlations Analysis

	HOLI	ESP	HAYW	KE	NEOVW	ADSE	NEOV	AEIS	NVX	POLA
HOLI		0.0	0.43	0.59	0.63	0.04	0.7	0.37	-0.11	-0.27	HOLI
ESP	0.0		0.69	0.38	0.45	0.75	0.34	0.67	0.82	0.37	ESP
HAYW	0.43	0.69		0.69	0.58	0.52	0.55	0.82	0.48	0.14	HAYW
KE	0.59	0.38	0.69		0.6	0.28	0.7	0.72	0.2	0.05	KE
NEOVW	0.63	0.45	0.58	0.6		0.38	0.85	0.62	0.48	0.07	NEOVW
ADSE	0.04	0.75	0.52	0.28	0.38		0.22	0.57	0.69	0.09	ADSE
NEOV	0.7	0.34	0.55	0.7	0.85	0.22		0.46	0.24	0.07	NEOV
AEIS	0.37	0.67	0.82	0.72	0.62	0.57	0.46		0.64	0.24	AEIS
NVX	-0.11	0.82	0.48	0.2	0.48	0.69	0.24	0.64		0.41	NVX
POLA	-0.27	0.37	0.14	0.05	0.07	0.09	0.07	0.24	0.41		POLA
	HOLI	ESP	HAYW	KE	NEOVW	ADSE	NEOV	AEIS	NVX	POLA

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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

NEOV	+ 0.85	NEOVW
NVX	+ 0.82	ESP
AEIS	+ 0.82	HAYW
ADSE	+ 0.75	ESP
AEIS	+ 0.72	KE
NEOV	+ 0.7	HOLI

High negative correlations

POLA	- 0.27	HOLI
NVX	- 0.11	HOLI
ESP	- 0.0	HOLI

Risk-Adjusted Indicators

There is a big difference between Lightbridge Stock performing well and Lightbridge Corp 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 Lightbridge Corp'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
HOLI	1.21	0.18	0.01	(0.36)	1.72	(1.24)	2.60	(3.35)	19.49
ESP	2.16	0.37	0.15	0.57	2.00	(2.48)	4.89	(3.29)	26.01
HAYW	1.35	0.10	0.04	0.27	1.29	(1.62)	4.12	(2.23)	8.61
KE	1.63	(0.05)	0.02	0.09	1.71	(1.91)	3.85	(3.18)	11.84
NEOVW	7.64	2.14	0.23	1.01	6.32	(11.96)	22.81	(14.74)	75.07
ADSE	2.23	0.15	0.02	0.67	3.13	(2.36)	6.43	(4.50)	16.73
NEOV	4.44	1.18	0.23	1.27	4.55	(5.01)	11.11	(7.32)	21.90
AEIS	1.50	(0.11)	0.00	0.06	1.89	(1.57)	3.85	(2.92)	9.74
NVX	4.24	0.04	0.06	0.14	3.73	(5.96)	12.07	(6.31)	27.51
POLA	5.21	0.41	0.05	7.76	5.44	(6.57)	12.77	(9.34)	45.49

Lightbridge Corp Corporate Management

Andrey Mushakov	Executive VP of International Nuclear Operations	Profile
Barbara Kanakry	Controller	Profile
Joel Grae	CoFounder	Profile
Darla Bond	Human Manager	Profile
CPA CIA	PartTime Consultant	Profile
Sherrie Holloway	Controller	Profile
Lawrence CPA	Treasurer CFO	Profile

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