LTRY Old Correlations

LTRYDelisted Stock  USD 1.31  0.01  0.76%   
The current 90-days correlation between LTRY Old and The Brand House is -0.03 (i.e., Good diversification). The correlation of LTRY Old 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.

LTRY Old Correlation With Market

Significant diversification

The correlation between LTRY Old 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 LTRY Old and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 together with LTRY Stock

  0.65BNPQY BNP Paribas SAPairCorr
  0.68SDHC Smith Douglas HomesPairCorr
  0.76DTSQU DT Cloud StarPairCorr
  0.63VLY Valley National Bancorp Earnings Call TodayPairCorr
  0.64GM General Motors Earnings Call This WeekPairCorr
  0.77FOSL Fossil GroupPairCorr
  0.65SMEGF Siemens Energy AGPairCorr
  0.64MATX Matson IncPairCorr
  0.77SITM SitimePairCorr
  0.67PITAF Poste Italiane SpAPairCorr
  0.62CRH CRH PLC ADRPairCorr

Moving against LTRY Stock

  0.72STTTF Splitit PaymentsPairCorr
  0.62KG Kestrel Group Symbol ChangePairCorr
  0.55TRRGF Transatlantic Mining CorpPairCorr
  0.58CNTRF Centr Brands CorpPairCorr
  0.45ASST Strive Asset ManagementPairCorr
  0.38CNNA Cann American CorpPairCorr

Related Correlations Analysis


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

FATTBHC
FATDTC
DTCTBHC
DTCSSUNF
SSUNFTBHC
FATSSUNF
  

High negative correlations

LLSOLO
LLSLNA
SOLOSLNA
LLCZOO
SOLOCZOO
SLNACZOO

Risk-Adjusted Indicators

There is a big difference between LTRY Stock performing well and LTRY Old 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 LTRY Old'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TBHC  2.47 (0.17) 0.00 (2.24) 0.00 
 5.13 
 16.01 
HLBZ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SSUNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
DTC  6.90 (3.88) 0.00 (1.26) 0.00 
 7.78 
 71.41 
BFXXQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FAT  5.23 (2.25) 0.00 (1.61) 0.00 
 11.11 
 44.83 
CZOO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SLNA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SOLO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Delisting Warning - LTRY

LTRY Old was delisted

The entity LTRY Old with a symbol LTRY was delisted from NASDAQ Exchange. Please try Lottery with a symbol SEGG from now on. Check all delisted instruments accross multiple markets.

Still Interested in LTRY Old?

Investing in delisted delisted stocks can be risky, as the 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.