Live Ventures Correlations

LIVE Stock

USD 6.75 0.35 4.93%

The current 90-days correlation between Live Ventures and Haverty Furniture Companies is -0.19 (i.e., Good diversification). The correlation of Live Ventures 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.

Live Ventures Correlation With Market

Average diversification

The correlation between Live Ventures and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Ventures 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 Live Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade Live Stock refer to our How to Trade Live Stock guide.

Moving together with Live Stock

0.9	CRI	Carters	Pair Corr
0.71	DHI	DR Horton	Pair Corr
0.87	KTB	Kontoor Brands	Pair Corr
0.77	NVR	NVR Inc	Pair Corr
0.93	WWW	Wolverine World Wide	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.72	WHR	Whirlpool	Pair Corr
0.87	PLAY	Dave Busters Enterta	Pair Corr
0.76	ARMK	Aramark Holdings	Pair Corr
0.79	COOK	Traeger	Pair Corr

Moving against Live Stock

0.65	HAS	Hasbro Inc	Pair Corr
0.54	MAT	Mattel Inc	Pair Corr
0.5	MSB	Mesabi Trust	Pair Corr
0.49	NTNX	Nutanix	Pair Corr
0.87	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.84	CBYDF	Corby Spirit	Pair Corr
0.75	GORO	Gold Resource	Pair Corr
0.75	DNCVF	Defiance Silver Corp	Pair Corr
0.71	FWEDF	Fireweed Zinc	Pair Corr
0.71	INVX	Innovex International, Symbol Change	Pair Corr
0.67	AXSM	Axsome Therapeutics	Pair Corr
0.66	NVRO	Nevro Corp	Pair Corr
0.65	BAOB	Baraboo Bancorporation	Pair Corr
0.64	CDR-PB	Cedar Realty Trust	Pair Corr
0.64	RTMVF	Rightmove plc	Pair Corr
0.59	CDUAF	Canadian Utilities	Pair Corr
0.59	KEY-PI	KeyCorp	Pair Corr
0.52	MFON	Mobivity Holdings	Pair Corr
0.51	KGC	Kinross Gold Aggressive Push	Pair Corr
0.37	TOI	Oncology Institute Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ARHS	FND	HVT-A	LL	KGFHF	HVT	KIRK	TTSH	HD	LOW
ARHS		0.46	-0.28	0.0	-0.56	0.24	0.27	0.71	0.75	0.66	ARHS
FND	0.46		0.43	0.0	-0.15	0.6	0.78	0.39	0.83	0.84	FND
HVT-A	-0.28	0.43		0.0	0.18	-0.02	0.67	-0.3	0.11	0.19	HVT-A
LL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LL
KGFHF	-0.56	-0.15	0.18	0.0		-0.01	-0.14	-0.58	-0.4	-0.35	KGFHF
HVT	0.24	0.6	-0.02	0.0	-0.01		0.2	0.23	0.54	0.62	HVT
KIRK	0.27	0.78	0.67	0.0	-0.14	0.2		0.16	0.61	0.61	KIRK
TTSH	0.71	0.39	-0.3	0.0	-0.58	0.23	0.16		0.64	0.54	TTSH
HD	0.75	0.83	0.11	0.0	-0.4	0.54	0.61	0.64		0.97	HD
LOW	0.66	0.84	0.19	0.0	-0.35	0.62	0.61	0.54	0.97		LOW
	ARHS	FND	HVT-A	LL	KGFHF	HVT	KIRK	TTSH	HD	LOW

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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

LOW	+ 0.97	HD
LOW	+ 0.84	FND
HD	+ 0.83	FND
KIRK	+ 0.78	FND
HD	+ 0.75	ARHS
TTSH	+ 0.71	ARHS

High negative correlations

TTSH	- 0.58	KGFHF
KGFHF	- 0.56	ARHS
HD	- 0.4	KGFHF
LOW	- 0.35	KGFHF
TTSH	- 0.3	HVT-A
HVT-A	- 0.28	ARHS

Risk-Adjusted Indicators

There is a big difference between Live Stock performing well and Live Ventures 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 Live Ventures' 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
ARHS	3.16	(0.16)	0.00	(0.26)	0.00	0.00	6.09	(7.22)	29.44
FND	1.98	(0.38)	0.00	(0.50)	0.00	0.00	2.95	(4.89)	9.51
HVT-A	2.20	(0.34)	0.00	0.70	0.00	0.00	5.57	(6.85)	20.35
LL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KGFHF	2.27	0.08	0.02	0.04	3.19	(5.81)	7.30	(8.44)	21.38
HVT	1.46	(0.03)	0.00	(0.11)	0.00	0.00	1.98	(3.30)	12.98
KIRK	2.17	(0.36)	0.00	(0.51)	0.00	0.00	5.78	(4.65)	14.71
TTSH	1.36	(0.03)	0.00	(0.10)	0.00	0.00	2.83	(3.43)	8.26
HD	1.15	(0.19)	0.00	(0.29)	0.00	0.00	2.21	(2.24)	7.58
LOW	1.12	(0.19)	0.00	(0.31)	0.00	0.00	1.93	(2.63)	6.38

Live Ventures Corporate Management

Autumn Wofford	Office Manager	Profile
Wayne CPA	Chief Secretary	Profile
Rodney Spriggs	I Stock	Profile
David Verret	Chief Officer	Profile

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