LendingTree Correlations

T77 Stock

EUR 44.40 2.58 5.49%

The current 90-days correlation between LendingTree and Perseus Mining Limited is -0.11 (i.e., Good diversification). The correlation of LendingTree 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.

LendingTree Correlation With Market

Good diversification

The correlation between LendingTree and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LendingTree and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LendingTree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LendingTree when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LendingTree - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LendingTree to buy it.

Moving against LendingTree Stock

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0.69	TM2	Sydbank AS	Pair Corr
0.67	NWL	NEWELL RUBBERMAID Earnings Call This Week	Pair Corr
0.63	CUW	COLUMBIA SPORTSWEAR Earnings Call This Week	Pair Corr
0.63	06MA	Materialise NV	Pair Corr
0.59	INW	GBS Software AG	Pair Corr
0.58	1EL	ELLINGTON FINL INC	Pair Corr
0.57	BZU	Air New Zealand	Pair Corr
0.54	SAP	SAP SE	Pair Corr
0.49	2UK	OSB GROUP PLC	Pair Corr
0.47	KGZ	KINGBOARD CHEMICAL	Pair Corr
0.47	93S	SPAREBK 1 NORD	Pair Corr
0.45	SC3	ScanSource Earnings Call This Week	Pair Corr
0.35	07WA	Mr Cooper Group Earnings Call This Week	Pair Corr
0.34	GIB	GSW Immobilien AG	Pair Corr
0.73	UAL1	United Airlines Holdings	Pair Corr
0.71	SXC	Sunny Optical Technology	Pair Corr
0.67	IC1B	INTERCONT HOTELS	Pair Corr
0.67	8A2	Altair Engineering	Pair Corr
0.67	HBC2	HSBC Holdings plc	Pair Corr
0.65	STD	Standard Chartered PLC	Pair Corr
0.63	5E1	EVS Broadcast Equipment	Pair Corr
0.6	CENN	CENTRICA ADR NEW	Pair Corr
0.59	ASME	ASML Holding NV	Pair Corr
0.58	ELG	Elmos Semiconductor	Pair Corr
0.58	4JP	Japan Post Insurance	Pair Corr
0.51	IUI1	Intuitive Surgical	Pair Corr

Related Correlations Analysis

	M8Z	GRU	WN6	P4Q	NRSA	31WN	5PMA	GZ3
M8Z		0.0	0.0	0.0	0.0	0.0	0.0	0.0	M8Z
GRU	0.0		-0.48	0.08	-0.36	-0.39	-0.1	0.3	GRU
WN6	0.0	-0.48		-0.16	0.45	0.39	-0.31	0.08	WN6
P4Q	0.0	0.08	-0.16		0.16	-0.28	0.39	-0.67	P4Q
NRSA	0.0	-0.36	0.45	0.16		0.57	-0.15	-0.52	NRSA
31WN	0.0	-0.39	0.39	-0.28	0.57		-0.22	-0.15	31WN
5PMA	0.0	-0.1	-0.31	0.39	-0.15	-0.22		-0.36	5PMA
GZ3	0.0	0.3	0.08	-0.67	-0.52	-0.15	-0.36		GZ3
	M8Z	GRU	WN6	P4Q	NRSA	31WN	5PMA	GZ3

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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

31WN	+ 0.57	NRSA
NRSA	+ 0.45	WN6
31WN	+ 0.39	WN6
5PMA	+ 0.39	P4Q
GZ3	+ 0.3	GRU
NRSA	+ 0.16	P4Q

High negative correlations

GZ3	- 0.67	P4Q
GZ3	- 0.52	NRSA
WN6	- 0.48	GRU
31WN	- 0.39	GRU
GZ3	- 0.36	5PMA
NRSA	- 0.36	GRU

Risk-Adjusted Indicators

There is a big difference between LendingTree Stock performing well and LendingTree 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 LendingTree'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
M8Z	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRU	1.86	0.07	0.02	0.19	2.17	(2.20)	4.40	(3.07)	15.01
WN6	1.37	0.04	0.00	0.14	1.58	(1.72)	3.25	(2.59)	10.18
P4Q	1.61	(0.15)	0.00	(0.38)	0.00	0.00	3.70	(3.53)	8.18
NRSA	1.16	(0.37)	0.00	(1.07)	0.00	0.00	2.12	(2.63)	8.60
31WN	2.30	(0.07)	0.00	0.50	0.00	0.00	5.10	(4.95)	24.80
5PMA	3.11	0.08	(0.01)	(0.09)	3.30	(4.71)	7.89	(6.25)	17.57
GZ3	2.36	0.49	0.12	0.74	2.00	(4.66)	4.55	(4.17)	39.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in LendingTree without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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