| LC Stock | | | USD 16.49 0.15 0.92% |
The current 90-days correlation between LendingClub Corp and Visa Class A is 0.32 (i.e., Weak diversification). The correlation of LendingClub Corp 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.
LendingClub Corp Correlation With Market
Very weak diversification
The correlation between LendingClub Corp and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LendingClub Corp 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 LendingClub Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For information on how to trade LendingClub Stock refer to our
How to Trade LendingClub Stock guide.