Houlihan Lokey Correlations

HLI Stock

USD 162.27 0.56 0.34%

The current 90-days correlation between Houlihan Lokey and Lazard is 0.71 (i.e., Poor diversification). The correlation of Houlihan Lokey 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.

Houlihan Lokey Correlation With Market

Very weak diversification

The correlation between Houlihan Lokey and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Houlihan Lokey and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Houlihan Lokey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Houlihan Stock please use our How to Invest in Houlihan Lokey guide.

Moving together with Houlihan Stock

0.95	MC	Moelis	Pair Corr
0.88	MS	Morgan Stanley	Pair Corr
0.77	RC	Ready Capital Corp	Pair Corr
0.84	ECPG	Encore Capital Group	Pair Corr
0.63	ABR	Arbor Realty Trust	Pair Corr
0.94	AXP	American Express	Pair Corr
0.68	CIM	Chimera Investment	Pair Corr
0.76	COF	Capital One Financial	Pair Corr
0.88	EVR	Evercore Partners	Pair Corr
0.9	LAZ	Lazard	Pair Corr
0.85	PJT	PJT Partners	Pair Corr
0.94	PWP	Perella Weinberg Partners	Pair Corr
0.71	PFSI	PennyMac Finl Svcs	Pair Corr
0.93	PIPR	Piper Sandler Companies	Pair Corr
0.67	PYPL	PayPal Holdings Aggressive Push	Pair Corr

Moving against Houlihan Stock

0.66	XYF	X Financial Class Normal Trading	Pair Corr
0.63	NYMT	New York Mortgage	Pair Corr
0.4	YRD	Yirendai	Pair Corr
0.39	TWO	Two Harbors Investments	Pair Corr
0.32	NLY	Annaly Capital Management	Pair Corr
0.42	BBUC	Brookfield Business Corp	Pair Corr
0.36	RILYZ	B Riley Financial	Pair Corr
0.36	FORLU	Four Leaf Acquisition	Pair Corr
0.32	STWD	Starwood Property Trust	Pair Corr

Related Correlations Analysis

	LAZ	PJT	MC	PIPR	PWP	EVR	SF	OPY
LAZ		0.87	0.86	0.87	0.84	0.8	0.83	0.64	LAZ
PJT	0.87		0.87	0.83	0.78	0.72	0.79	0.58	PJT
MC	0.86	0.87		0.94	0.95	0.94	0.94	0.73	MC
PIPR	0.87	0.83	0.94		0.94	0.96	0.91	0.62	PIPR
PWP	0.84	0.78	0.95	0.94		0.93	0.95	0.8	PWP
EVR	0.8	0.72	0.94	0.96	0.93		0.89	0.62	EVR
SF	0.83	0.79	0.94	0.91	0.95	0.89		0.86	SF
OPY	0.64	0.58	0.73	0.62	0.8	0.62	0.86		OPY
	LAZ	PJT	MC	PIPR	PWP	EVR	SF	OPY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Houlihan Stock performing well and Houlihan Lokey 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 Houlihan Lokey'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LAZ	1.95	(0.07)	(0.11)	4.04	(4.56)	14.41
PJT	1.57	(0.10)	(0.16)	3.24	(2.79)	11.57
MC	1.68	(0.19)	(0.21)	2.78	(4.40)	8.78
PIPR	1.59	(0.22)	(0.25)	2.82	(3.91)	9.43
PWP	2.22	(0.22)	(0.22)	4.67	(5.26)	14.41
EVR	1.85	(0.43)	(0.34)	2.33	(5.48)	11.75
SF	1.53	(0.08)	(0.13)	2.48	(4.04)	7.51
OPY	1.51	0.03	(0.05)	2.97	(2.92)	10.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC