LanzaTech Global Correlations

LNZA Stock

1.17 0.17 17.00%

The current 90-days correlation between LanzaTech Global and Heritage Crystal Clean is -0.04 (i.e., Good diversification). The correlation of LanzaTech Global 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.

LanzaTech Global Correlation With Market

Modest diversification

The correlation between LanzaTech Global and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LanzaTech Global 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 LanzaTech Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with LanzaTech Stock

0.72

Franklin Covey

Pair Corr

Moving against LanzaTech Stock

0.64	CBZ	CBIZ Inc	Pair Corr
0.61	G	Genpact Limited	Pair Corr
0.58	VRSK	Verisk Analytics	Pair Corr
0.52	DRVN	Driven Brands Holdings	Pair Corr
0.51	EEFT	Euronet Worldwide	Pair Corr
0.48	SQ	Block Inc Sell-off Trend	Pair Corr
0.42	VIRC	Virco Manufacturing	Pair Corr
0.41	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.35	WM	Waste Management	Pair Corr
0.33	BR	Broadridge Financial	Pair Corr
0.31	LZ	LegalZoom	Pair Corr
0.31	VSEC	VSE Corporation	Pair Corr
0.72	WCN	Waste Connections	Pair Corr
0.71	RBA	RB Global	Pair Corr
0.69	KAR	KAR Auction Services	Pair Corr
0.65	DLX	Deluxe	Pair Corr
0.62	RSG	Republic Services	Pair Corr
0.61	DNB	Dun Bradstreet Holdings	Pair Corr
0.61	FVRR	Fiverr International	Pair Corr
0.57	CXW	CoreCivic	Pair Corr
0.57	HCSG	Healthcare Services	Pair Corr
0.53	GFL	Gfl Environmental	Pair Corr
0.51	ZONE	CleanCore Solutions	Pair Corr

Related Correlations Analysis

	HCCI	CWST	SRCL	MEG	CLH	HSC	GFL	WCN
HCCI		0.7	0.86	-0.6	0.41	0.68	0.87	0.62	HCCI
CWST	0.7		0.55	-0.17	0.27	0.3	0.76	0.91	CWST
SRCL	0.86	0.55		-0.74	0.28	0.48	0.74	0.55	SRCL
MEG	-0.6	-0.17	-0.74		-0.4	-0.41	-0.52	-0.19	MEG
CLH	0.41	0.27	0.28	-0.4		0.5	0.38	0.2	CLH
HSC	0.68	0.3	0.48	-0.41	0.5		0.58	0.11	HSC
GFL	0.87	0.76	0.74	-0.52	0.38	0.58		0.7	GFL
WCN	0.62	0.91	0.55	-0.19	0.2	0.11	0.7		WCN
	HCCI	CWST	SRCL	MEG	CLH	HSC	GFL	WCN

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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

WCN	+ 0.91	CWST
GFL	+ 0.87	HCCI
SRCL	+ 0.86	HCCI
GFL	+ 0.76	CWST
GFL	+ 0.74	SRCL
CWST	+ 0.7	HCCI

High negative correlations

MEG	- 0.74	SRCL
MEG	- 0.6	HCCI
GFL	- 0.52	MEG
HSC	- 0.41	MEG
CLH	- 0.4	MEG
WCN	- 0.19	MEG

Risk-Adjusted Indicators

There is a big difference between LanzaTech Stock performing well and LanzaTech Global 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 LanzaTech Global'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
HCCI	1.59	0.40	0.18	0.74	1.51	(1.77)	5.13	(3.24)	11.13
CWST	1.16	(0.09)	(0.04)	0.05	1.64	(1.16)	2.09	(2.60)	7.60
SRCL	1.09	0.56	0.54	(0.72)	0.00	(1.24)	2.30	(0.67)	30.56
MEG	3.59	(0.93)	0.00	(1.47)	0.00	0.00	7.60	(7.73)	27.87
CLH	1.25	(0.09)	0.00	0.07	2.41	(1.14)	2.57	(1.99)	13.89
HSC	2.57	0.47	0.13	7.98	2.48	(2.95)	6.26	(3.78)	24.00
GFL	1.20	0.05	0.01	0.19	1.33	(1.31)	2.53	(2.29)	7.37
WCN	0.70	0.00	(0.07)	0.13	0.87	(0.74)	1.55	(1.55)	4.00

LanzaTech Global Corporate Management

Carl Wolf	Chief Officer	Profile
Johanna Haggstrom	Executive Manufacturing	Profile
Chad Thompson	Chief Officer	Profile
Freya Burton	Chief Officer	Profile

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