Lendway Correlations

Lendway Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lendway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. For more information on how to buy Lendway Stock please use our How to Invest in Lendway guide.

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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    TITN + 0.74 MYTE TITN + 0.66 CPNG GAP + 0.6 WVVIP GAP + 0.57 SPG-PJ GAP + 0.57 SNDL WVVIP + 0.53 SNDL

High negative correlations    GAP - 0.57 MYTE SNDL - 0.56 TAP-A SNDL - 0.4 MYTE MYTE - 0.34 SPG-PJ WVVIP - 0.29 MYTE GAP - 0.22 TAP-A

Risk-Adjusted Indicators

There is a big difference between Lendway Stock performing well and Lendway 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 Lendway'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.