Lindblad Expeditions Correlations

LIND Stock

USD 10.27 0.13 1.25%

The current 90-days correlation between Lindblad Expeditions and Despegar Corp is -0.06 (i.e., Good diversification). The correlation of Lindblad Expeditions 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.

Lindblad Expeditions Correlation With Market

Very weak diversification

The correlation between Lindblad Expeditions Holdings and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions Holdings 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 Lindblad Expeditions Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Lindblad Stock

0.85	H	Hyatt Hotels	Pair Corr
0.75	WH	Wyndham Hotels Resorts	Pair Corr
0.82	DNUT	Krispy Kreme	Pair Corr
0.9	WING	Wingstop	Pair Corr
0.68	FLUT	Flutter Entertainment plc	Pair Corr
0.79	BYD	Boyd Gaming	Pair Corr
0.93	CCL	Carnival	Pair Corr
0.73	CHH	Choice Hotels Intern	Pair Corr
0.79	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.84	CSV	Carriage Services	Pair Corr
0.91	CUK	Carnival Plc ADS	Pair Corr
0.85	CZR	Caesars Entertainment	Pair Corr
0.64	DIN	Dine Brands Global	Pair Corr
0.68	FWRG	First Watch Restaurant	Pair Corr
0.84	XPOF	Xponential Fitness Buyout Trend	Pair Corr
0.86	RCL	Royal Caribbean Cruises	Pair Corr
0.8	RGS	Regis Common	Pair Corr

Moving against Lindblad Stock

0.6	LNW	Light Wonder Downward Rally	Pair Corr
0.56	QSR	Restaurant Brands	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.41	EJH	E Home Household	Pair Corr

Related Correlations Analysis

	YTRA	DESP	MMYT	TOUR	TRIP	CCL	TNL	ISPOW
YTRA		-0.23	0.71	-0.78	0.17	0.76	0.2	0.42	YTRA
DESP	-0.23		-0.15	0.11	0.25	-0.12	0.12	0.2	DESP
MMYT	0.71	-0.15		-0.6	0.37	0.69	0.04	0.17	MMYT
TOUR	-0.78	0.11	-0.6		-0.35	-0.76	-0.35	-0.49	TOUR
TRIP	0.17	0.25	0.37	-0.35		0.67	0.67	0.48	TRIP
CCL	0.76	-0.12	0.69	-0.76	0.67		0.62	0.52	CCL
TNL	0.2	0.12	0.04	-0.35	0.67	0.62		0.46	TNL
ISPOW	0.42	0.2	0.17	-0.49	0.48	0.52	0.46		ISPOW
	YTRA	DESP	MMYT	TOUR	TRIP	CCL	TNL	ISPOW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CCL	+ 0.76	YTRA
MMYT	+ 0.71	YTRA
CCL	+ 0.69	MMYT
CCL	+ 0.67	TRIP
TNL	+ 0.67	TRIP
TNL	+ 0.62	CCL

High negative correlations

TOUR	- 0.78	YTRA
CCL	- 0.76	TOUR
TOUR	- 0.6	MMYT
ISPOW	- 0.49	TOUR
TNL	- 0.35	TOUR
TRIP	- 0.35	TOUR

Risk-Adjusted Indicators

There is a big difference between Lindblad Stock performing well and Lindblad Expeditions 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 Lindblad Expeditions' 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
YTRA	2.22	(0.62)	0.00	(1.31)	0.00	0.00	3.39	(4.85)	13.13
DESP	0.98	0.47	1.73	0.62	0.00	(1.33)	0.31	(0.46)	33.61
MMYT	2.42	(0.03)	0.00	(0.05)	0.00	0.00	5.54	(5.24)	15.50
TOUR	1.78	0.16	0.07	0.24	2.05	(2.33)	4.00	(3.85)	14.08
TRIP	2.03	0.27	0.09	1.78	2.76	(2.13)	4.41	(5.84)	22.34
CCL	2.14	(0.21)	0.00	(0.13)	0.00	0.00	4.62	(5.80)	15.70
TNL	1.42	(0.05)	0.00	(0.06)	0.00	0.00	2.96	(3.45)	9.49
ISPOW	6.25	0.84	0.05	0.54	8.09	(16.68)	28.57	(12.50)	73.33

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