Lichen China Correlations

LICN Stock

4.02 0.09 2.19%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lichen China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lichen China Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lichen China Correlation With Market

Good diversification

The correlation between Lichen China Limited and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lichen China Limited 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 Lichen China Limited. 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.

Moving together with Lichen Stock

0.85	BV	BrightView Holdings	Pair Corr
0.67	EXPO	Exponent	Pair Corr
0.79	CIX	CompX International	Pair Corr
0.85	FORR	Forrester Research	Pair Corr
0.75	CXW	CoreCivic	Pair Corr
0.85	DLX	Deluxe	Pair Corr
0.74	FCN	FTI Consulting	Pair Corr
0.62	FTEK	Fuel Tech	Pair Corr
0.78	HNI	HNI Corp	Pair Corr
0.8	FVRR	Fiverr International	Pair Corr
0.86	KBR	KBR Inc	Pair Corr
0.7	MSA	MSA Safety	Pair Corr
0.81	RGP	Resources Connection	Pair Corr
0.93	RHI	Robert Half International	Pair Corr
0.81	TBI	TrueBlue	Pair Corr
0.88	HSON	Hudson Global	Pair Corr

Moving against Lichen Stock

0.91	WM	Waste Management	Pair Corr
0.83	KC	Kingsoft Cloud Holdings	Pair Corr
0.82	G	Genpact Limited	Pair Corr
0.78	MG	Mistras Group	Pair Corr
0.73	GDS	GDS Holdings Earnings Call Today	Pair Corr
0.72	VSEC	VSE Corporation	Pair Corr
0.59	ADP	Automatic Data Processing	Pair Corr
0.58	GFL	Gfl Environmental	Pair Corr
0.84	PAGS	PagSeguro Digital	Pair Corr
0.82	WNS	WNS Holdings	Pair Corr
0.81	HURN	Huron Consulting Downward Rally	Pair Corr
0.71	PYCR	Paycor HCM	Pair Corr
0.45	IIIV	i3 Verticals	Pair Corr
0.44	INOD	Innodata	Pair Corr
0.4	HDSN	Hudson Technologies	Pair Corr

Related Correlations Analysis

	FA	PFSW	DPUI	CASS	CVEO	RTO	CBZ	NTIP	BV	MMS
FA		0.0	0.57	-0.22	0.57	0.79	0.93	-0.16	0.77	0.41	FA
PFSW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
DPUI	0.57	0.0		-0.01	0.58	0.4	0.6	0.03	0.36	0.15	DPUI
CASS	-0.22	0.0	-0.01		0.08	0.15	-0.19	-0.15	-0.56	-0.86	CASS
CVEO	0.57	0.0	0.58	0.08		0.47	0.67	0.24	0.06	0.03	CVEO
RTO	0.79	0.0	0.4	0.15	0.47		0.72	-0.2	0.44	-0.03	RTO
CBZ	0.93	0.0	0.6	-0.19	0.67	0.72		0.01	0.62	0.4	CBZ
NTIP	-0.16	0.0	0.03	-0.15	0.24	-0.2	0.01		-0.29	0.09	NTIP
BV	0.77	0.0	0.36	-0.56	0.06	0.44	0.62	-0.29		0.71	BV
MMS	0.41	0.0	0.15	-0.86	0.03	-0.03	0.4	0.09	0.71		MMS
	FA	PFSW	DPUI	CASS	CVEO	RTO	CBZ	NTIP	BV	MMS

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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

CBZ	+ 0.93	FA
RTO	+ 0.79	FA
BV	+ 0.77	FA
CBZ	+ 0.72	RTO
MMS	+ 0.71	BV
CBZ	+ 0.67	CVEO

High negative correlations

MMS	- 0.86	CASS
BV	- 0.56	CASS
BV	- 0.29	NTIP
CASS	- 0.22	FA
NTIP	- 0.2	RTO
CBZ	- 0.19	CASS

Risk-Adjusted Indicators

There is a big difference between Lichen Stock performing well and Lichen China 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 Lichen China'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
FA	1.76	(0.46)	0.00	(0.60)	0.00	0.00	2.68	(4.35)	17.95
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPUI	14.65	3.12	0.06	0.53	15.71	(83.33)	100.00	(50.00)	150.00
CASS	1.13	0.03	0.00	(0.03)	0.00	0.00	2.58	(2.61)	8.63
CVEO	1.81	(0.05)	0.00	(0.43)	0.00	0.00	3.79	(3.18)	25.93
RTO	1.49	(0.15)	0.00	(0.19)	0.00	0.00	2.28	(3.67)	13.47
CBZ	1.21	(0.08)	0.00	(0.17)	0.00	0.00	2.03	(3.27)	7.72
NTIP	1.48	0.23	0.11	0.40	1.77	(1.89)	3.25	(2.22)	10.73
BV	1.62	(0.29)	0.00	(0.35)	0.00	0.00	3.69	(3.65)	12.01
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72

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