Lytus Technologies Correlations

LYT Stock

USD 0.66 0.02 2.94%

The current 90-days correlation between Lytus Technologies and 01 Communique Laboratory is 0.04 (i.e., Significant diversification). The correlation of Lytus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lytus Technologies Correlation With Market

Average diversification

The correlation between Lytus Technologies Holdings and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lytus Technologies Holdings 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 Lytus Technologies Holdings. 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.

Moving together with Lytus Stock

0.68	DOMO	Domo Inc	Pair Corr
0.81	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.67	VTEX	VTEX	Pair Corr
0.82	ETWO	E2open Parent Holdings	Pair Corr
0.9	EVOL	Evolving Systems	Pair Corr
0.67	SBIGW	SpringBig Holdings	Pair Corr

Moving against Lytus Stock

0.9	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.81	WK	Workiva	Pair Corr
0.75	DOCU	DocuSign	Pair Corr
0.66	VERX	Vertex	Pair Corr
0.62	ML	MoneyLion	Pair Corr
0.46	VS	Versus Systems	Pair Corr
0.44	AI	C3 Ai Inc	Pair Corr
0.44	DSGX	Descartes Systems	Pair Corr
0.38	DUOL	Duolingo	Pair Corr
0.37	DV	DoubleVerify Holdings	Pair Corr
0.33	U	Unity Software	Pair Corr
0.88	EGAN	eGain Earnings Call Next Week	Pair Corr
0.83	ENFN	Enfusion	Pair Corr
0.77	WFCF	Where Food Comes	Pair Corr
0.76	EZFL	EzFill Holdings Downward Rally	Pair Corr
0.69	EXFY	Expensify	Pair Corr
0.68	DUOT	Duos Technologies	Pair Corr
0.54	ESTC	Elastic NV Tech Boost	Pair Corr
0.4	WALDW	Waldencast Acquisition	Pair Corr
0.33	VMEO	Vimeo Inc	Pair Corr

Related Correlations Analysis

	ROWKF	DPSIP	OONEF	FMEGF	LSPKF	KWIK	CUEN	SBIG	GVP
ROWKF		0.0	0.87	0.0	-0.39	-0.1	0.0	0.0	0.0	ROWKF
DPSIP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DPSIP
OONEF	0.87	0.0		0.0	-0.35	-0.12	0.0	0.0	0.0	OONEF
FMEGF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FMEGF
LSPKF	-0.39	0.0	-0.35	0.0		-0.27	0.0	0.0	0.0	LSPKF
KWIK	-0.1	0.0	-0.12	0.0	-0.27		0.0	0.0	0.0	KWIK
CUEN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CUEN
SBIG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SBIG
GVP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GVP
	ROWKF	DPSIP	OONEF	FMEGF	LSPKF	KWIK	CUEN	SBIG	GVP

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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

OONEF	+ 0.87	ROWKF
DPSIP	+ 0.0	ROWKF
FMEGF	+ 0.0	ROWKF
CUEN	+ 0.0	ROWKF
SBIG	+ 0.0	ROWKF
GVP	+ 0.0	ROWKF

High negative correlations

LSPKF	- 0.39	ROWKF
LSPKF	- 0.35	OONEF
KWIK	- 0.27	LSPKF
KWIK	- 0.12	OONEF
KWIK	- 0.1	ROWKF
GVP	- 0.0	SBIG

Risk-Adjusted Indicators

There is a big difference between Lytus Stock performing well and Lytus 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 Lytus 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
ROWKF	0.72	0.30	0.00	(1.05)	0.00	0.00	0.00	0.00	17.50
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OONEF	15.79	7.19	0.35	(2.37)	11.30	(27.44)	36.36	(22.58)	244.12
FMEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSPKF	1.36	(0.37)	0.00	2.62	0.00	0.00	0.00	0.00	32.50
KWIK	7.39	1.13	0.05	(1.12)	9.91	(21.55)	22.92	(17.14)	79.53
CUEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GVP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Lytus Technologies Corporate Management

James Tuchi	USA Telemedicine	Profile
Jagjit Kohli	India Director	Profile
Hanish Talsania	General Counsel	Profile
Dharmesh Pandya	CEO Director	Profile
Pannkajj Desai	Chief Officer	Profile

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