Lottery, Warrants Correlations

LTRYW Stock

USD 0.01 0 27.50%

The current 90-days correlation between Lottery, Warrants and Lottery, Common Stock is 0.07 (i.e., Significant diversification). The correlation of Lottery, Warrants 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.

Lottery, Warrants Correlation With Market

Good diversification

The correlation between Lottery, Warrants and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lottery, Warrants 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 Lottery, Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Lottery, Stock please use our How to Invest in Lottery, Warrants guide.

Moving together with Lottery, Stock

0.66	IGT	International Game	Pair Corr
0.68	ARKR	Ark Restaurants Corp	Pair Corr
0.61	BLMN	Bloomin Brands	Pair Corr
0.71	FL	Foot Locker Earnings Call This Week	Pair Corr
0.62	VC	Visteon Corp	Pair Corr

Moving against Lottery, Stock

0.76	EVRI	Everi Holdings	Pair Corr
0.69	AGS	PlayAGS	Pair Corr
0.68	EAT	Brinker International	Pair Corr
0.67	NATH	Nathans Famous	Pair Corr
0.66	TXRH	Texas Roadhouse	Pair Corr
0.65	PLYA	Playa Hotels Resorts	Pair Corr
0.62	BJRI	BJs Restaurants	Pair Corr
0.61	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.61	INSE	Inspired Entertainment	Pair Corr
0.6	WEN	The Wendys	Pair Corr
0.55	DRI	Darden Restaurants	Pair Corr
0.55	SHAK	Shake Shack	Pair Corr
0.55	BROS	Dutch Bros	Pair Corr
0.44	SBUX	Starbucks Aggressive Push	Pair Corr
0.39	DPZ	Dominos Pizza	Pair Corr
0.38	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.38	PZZA	Papa Johns International	Pair Corr
0.35	BH	Biglari Holdings	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.58	LAD	Lithia Motors	Pair Corr
0.57	FLXS	Flexsteel Industries	Pair Corr
0.52	DORM	Dorman Products	Pair Corr
0.47	MBC	MasterBrand	Pair Corr
0.41	WEYS	Weyco Group	Pair Corr
0.37	CHDN	Churchill Downs	Pair Corr
0.35	BC	Brunswick	Pair Corr
0.32	GPI	Group 1 Automotive	Pair Corr

Related Correlations Analysis

	LTRY	MVSTW	LIDRW	INDIW	BKKT-WT
LTRY		-0.41	0.03	-0.34	-0.31	LTRY
MVSTW	-0.41		0.45	0.07	0.67	MVSTW
LIDRW	0.03	0.45		-0.19	0.5	LIDRW
INDIW	-0.34	0.07	-0.19		-0.02	INDIW
BKKT-WT	-0.31	0.67	0.5	-0.02		BKKT-WT
	LTRY	MVSTW	LIDRW	INDIW	BKKT-WT

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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

BKKT-WT	+ 0.67	MVSTW
BKKT-WT	+ 0.5	LIDRW
LIDRW	+ 0.45	MVSTW
INDIW	+ 0.07	MVSTW
LIDRW	+ 0.03	LTRY

High negative correlations

MVSTW	- 0.41	LTRY
INDIW	- 0.34	LTRY
BKKT-WT	- 0.31	LTRY
INDIW	- 0.19	LIDRW
BKKT-WT	- 0.02	INDIW

Risk-Adjusted Indicators

There is a big difference between Lottery, Stock performing well and Lottery, Warrants 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 Lottery, Warrants' 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
LTRY	4.70	(1.39)	0.00	(0.55)	0.00	0.00	8.00	(13.33)	34.30
MVSTW	14.29	3.56	0.27	(5.50)	10.52	(20.61)	37.50	(20.94)	207.74
LIDRW	12.19	1.29	0.06	3.00	12.98	(21.46)	30.00	(23.08)	96.43
INDIW	4.55	(0.20)	0.00	0.71	0.00	0.00	8.70	(9.13)	21.58
BKKT-WT	11.70	4.63	0.34	(6.52)	7.12	(17.85)	15.61	(17.90)	316.67

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