Lavoro Limited Correlations

LVROW Stock

0.12 0.01 9.09%

The correlation of Lavoro Limited 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.

Lavoro Limited Correlation With Market

Good diversification

The correlation between Lavoro Limited Warrant and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lavoro Limited Warrant 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 Lavoro Limited Warrant. 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.

Moving together with Lavoro Stock

0.85	FIS	Fidelity National	Pair Corr
0.9	GLE	Global Engine Group Tech Boost	Pair Corr
0.75	PSN	Parsons Corp Earnings Call This Week	Pair Corr
0.77	UIS	Unisys	Pair Corr
0.62	WRD	WeRide American Depo Upward Rally	Pair Corr
0.83	LDOS	Leidos Holdings Earnings Call This Week	Pair Corr
0.78	VEEAW	Veea Inc Symbol Change	Pair Corr

Moving against Lavoro Stock

0.87	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.76	DMRC	Digimarc Downward Rally	Pair Corr
0.74	GMM	Global Mofy Metaverse Tech Boost	Pair Corr
0.72	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.7	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.67	VNET	VNET Group DRC Tech Boost	Pair Corr
0.67	WIT	Wipro Limited ADR	Pair Corr
0.64	CTM	Castellum	Pair Corr
0.55	VEEA	Veea Inc Symbol Change	Pair Corr
0.55	DTST	Data Storage Corp	Pair Corr
0.54	BR	Broadridge Financial	Pair Corr
0.53	IBM	International Business	Pair Corr
0.46	EPAM	EPAM Systems Earnings Call This Week	Pair Corr
0.35	ACN	Accenture plc	Pair Corr
0.32	GDS	GDS Holdings Tech Boost	Pair Corr
0.9	NTRP	NextTrip Symbol Change	Pair Corr
0.86	GDYN	Grid Dynamics Holdings	Pair Corr
0.79	IBEX	IBEX	Pair Corr
0.79	NOTE	FiscalNote Holdings	Pair Corr
0.76	AUROW	Aurora Innovation	Pair Corr
0.76	MGIC	Magic Software Enter	Pair Corr
0.56	NYAX	Nayax	Pair Corr
0.55	DTSTW	Data Storage	Pair Corr
0.42	XRX	Xerox Corp Sell-off Trend	Pair Corr
0.37	INFY	Infosys Ltd ADR	Pair Corr
0.31	HCKT	Hackett Group	Pair Corr

Related Correlations Analysis

	CHMN	EFRMF	EGO	PMNXF	VRRM	CNLFF	IONR
CHMN		1.0	0.0	0.0	0.0	0.0	0.0	CHMN
EFRMF	1.0		0.0	0.0	0.0	0.0	0.0	EFRMF
EGO	0.0	0.0		0.32	-0.44	-0.51	0.49	EGO
PMNXF	0.0	0.0	0.32		-0.16	-0.33	0.59	PMNXF
VRRM	0.0	0.0	-0.44	-0.16		0.8	-0.28	VRRM
CNLFF	0.0	0.0	-0.51	-0.33	0.8		-0.41	CNLFF
IONR	0.0	0.0	0.49	0.59	-0.28	-0.41		IONR
	CHMN	EFRMF	EGO	PMNXF	VRRM	CNLFF	IONR

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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

EFRMF	+ 1.0	CHMN
CNLFF	+ 0.8	VRRM
IONR	+ 0.59	PMNXF
IONR	+ 0.49	EGO
PMNXF	+ 0.32	EGO
EGO	+ 0.0	CHMN

High negative correlations

CNLFF	- 0.51	EGO
VRRM	- 0.44	EGO
IONR	- 0.41	CNLFF
CNLFF	- 0.33	PMNXF
IONR	- 0.28	VRRM
VRRM	- 0.16	PMNXF

Risk-Adjusted Indicators

There is a big difference between Lavoro Stock performing well and Lavoro Limited 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 Lavoro Limited'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
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGO	1.97	(0.32)	0.00	(1.09)	0.00	0.00	4.42	(5.25)	10.45
PMNXF	1.95	(0.02)	0.00	2.32	0.00	0.00	4.49	(4.92)	16.43
VRRM	1.15	(0.06)	(0.03)	0.00	2.46	(1.01)	2.16	(2.50)	10.97
CNLFF	0.03	0.01	0.00	(1.44)	0.00	0.00	0.00	0.00	1.02
IONR	3.42	(0.81)	0.00	(0.48)	0.00	0.00	6.17	(6.68)	27.98

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