LM Funding Correlations

LMFA Stock

USD 1.48 0.02 1.33%

The current 90-days correlation between LM Funding America and Eason Technology Limited is 0.06 (i.e., Significant diversification). The correlation of LM Funding 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.

LM Funding Correlation With Market

Weak diversification

The correlation between LM Funding America and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LM Funding America 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 LM Funding America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with LMFA Stock

0.75	DHIL	Diamond Hill Investment	Pair Corr
0.84	BX	Blackstone Group	Pair Corr
0.66	CG	Carlyle Group	Pair Corr
0.92	LC	LendingClub Corp	Pair Corr
0.69	MC	Moelis	Pair Corr
0.65	PX	P10 Inc	Pair Corr
0.78	RC	Ready Capital Corp	Pair Corr
0.82	WD	Walker Dunlop	Pair Corr
0.93	WT	WisdomTree	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr

Moving against LMFA Stock

0.88	DX	Dynex Capital	Pair Corr
0.87	DB	Deutsche Bank AG	Pair Corr
0.84	LX	Lexinfintech Holdings	Pair Corr
0.74	LU	Lufax Holding	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.45	AB	AllianceBernstein	Pair Corr
0.42	PT	Pintec Technology	Pair Corr
0.37	MA	Mastercard	Pair Corr
0.91	DYCQ	DT Cloud Acquisition	Pair Corr
0.88	EMCG	Embrace Change Acqui	Pair Corr
0.81	EMCGU	Embrace Change Acqui	Pair Corr
0.78	DMYY	dMY Squared Technology	Pair Corr
0.73	XP	Xp Inc	Pair Corr
0.64	ANSCU	Agriculture Natural	Pair Corr
0.6	DOMH	Dominari Holdings	Pair Corr
0.45	GCMGW	GCM Grosvenor	Pair Corr
0.44	WU	Western Union	Pair Corr
0.42	EMCGW	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	XYF	DXF	SUNL	NISN	SNTG	COSG	YRD	LX	JT
XYF		-0.24	0.0	0.58	-0.14	0.41	0.86	0.87	0.0	XYF
DXF	-0.24		0.0	0.24	0.05	0.16	0.09	0.15	0.0	DXF
SUNL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SUNL
NISN	0.58	0.24	0.0		-0.18	0.32	0.8	0.68	0.0	NISN
SNTG	-0.14	0.05	0.0	-0.18		-0.1	-0.18	-0.19	0.0	SNTG
COSG	0.41	0.16	0.0	0.32	-0.1		0.53	0.59	0.0	COSG
YRD	0.86	0.09	0.0	0.8	-0.18	0.53		0.94	0.0	YRD
LX	0.87	0.15	0.0	0.68	-0.19	0.59	0.94		0.0	LX
JT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JT
	XYF	DXF	SUNL	NISN	SNTG	COSG	YRD	LX	JT

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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

LX	+ 0.94	YRD
LX	+ 0.87	XYF
YRD	+ 0.86	XYF
YRD	+ 0.8	NISN
LX	+ 0.68	NISN
LX	+ 0.59	COSG

High negative correlations

DXF	- 0.24	XYF
LX	- 0.19	SNTG
YRD	- 0.18	SNTG
SNTG	- 0.18	NISN
SNTG	- 0.14	XYF
COSG	- 0.1	SNTG

Risk-Adjusted Indicators

There is a big difference between LMFA Stock performing well and LM Funding 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 LM Funding'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
XYF	3.13	1.00	0.23	0.52	3.49	(3.35)	8.61	(6.18)	21.85
DXF	16.44	0.82	0.04	5.59	19.22	(21.29)	33.13	(25.89)	196.29
SUNL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NISN	5.08	0.72	0.13	0.26	4.84	(5.97)	12.61	(7.41)	29.29
SNTG	3.65	0.03	0.00	(0.02)	0.00	0.00	9.25	(5.79)	30.48
COSG	14.58	3.86	0.00	3.06	0.00	0.00	100.00	(50.00)	150.00
YRD	3.29	0.78	0.14	0.41	4.67	(3.76)	7.63	(5.92)	31.21
LX	3.88	1.12	0.27	0.89	3.64	(4.86)	13.01	(5.61)	31.45
JT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

LM Funding Corporate Management

Paul Brownlee	Managing Illinois	Profile
Valter Pinto	Investor Contacts	Profile
Bruce Esq	Pres Chairman	Profile
CPA CGMA	Chief Officer	Profile

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