LanzaTech Global Correlations

LNZAW Stock

0.17 0.01 6.25%

The current 90-days correlation between LanzaTech Global and Radcom is -0.08 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

LanzaTech Global Correlation With Market

Good diversification

The correlation between LanzaTech Global and DJI is -0.07 (i.e., Good 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 more information on how to buy LanzaTech Stock please use our How to Invest in LanzaTech Global guide.

Moving together with LanzaTech Stock

0.86	TOMZ	TOMI Environmental	Pair Corr
0.63	AP	Ampco Pittsburgh	Pair Corr

Moving against LanzaTech Stock

0.66	CTAS	Cintas	Pair Corr
0.63	VIRC	Virco Manufacturing	Pair Corr
0.62	HNI	HNI Corp	Pair Corr
0.59	GFL	Gfl Environmental	Pair Corr
0.52	AL	Air Lease	Pair Corr
0.51	ACCO	Acco Brands	Pair Corr
0.43	ZONE	CleanCore Solutions	Pair Corr
0.42	VLTO	Veralto	Pair Corr
0.38	FC	Franklin Covey	Pair Corr
0.31	MGRC	McGrath RentCorp	Pair Corr
0.57	IR	Ingersoll Rand	Pair Corr
0.56	CR	Crane Company	Pair Corr
0.54	NX	Quanex Building Products Earnings Call This Week	Pair Corr
0.49	PH	Parker Hannifin	Pair Corr
0.48	HY	Hyster Yale Materials Downward Rally	Pair Corr
0.46	FA	First Advantage Corp	Pair Corr
0.43	OC	Owens Corning	Pair Corr
0.36	OP	Oceanpal	Pair Corr
0.36	PC	Premium Catering	Pair Corr
0.35	BV	BrightView Holdings	Pair Corr
0.32	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	RDCM	WB	SNCY	AFYA	STG	CCG	MESA
RDCM		0.33	0.67	0.23	0.18	-0.03	0.45	RDCM
WB	0.33		0.54	0.59	0.54	0.11	-0.12	WB
SNCY	0.67	0.54		0.4	0.24	0.25	0.52	SNCY
AFYA	0.23	0.59	0.4		0.57	0.37	-0.33	AFYA
STG	0.18	0.54	0.24	0.57		0.03	-0.33	STG
CCG	-0.03	0.11	0.25	0.37	0.03		0.06	CCG
MESA	0.45	-0.12	0.52	-0.33	-0.33	0.06		MESA
	RDCM	WB	SNCY	AFYA	STG	CCG	MESA

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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

SNCY	+ 0.67	RDCM
AFYA	+ 0.59	WB
STG	+ 0.57	AFYA
SNCY	+ 0.54	WB
STG	+ 0.54	WB
MESA	+ 0.52	SNCY

High negative correlations

MESA	- 0.33	STG
MESA	- 0.33	AFYA
MESA	- 0.12	WB
CCG	- 0.03	RDCM

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
RDCM	2.82	0.10	0.04	(0.22)	3.41	(3.23)	4.79	(5.66)	21.58
WB	2.23	0.19	0.08	(0.56)	2.60	(2.24)	4.82	(4.94)	13.46
SNCY	2.07	0.25	0.11	0.80	2.27	(2.31)	4.92	(3.83)	15.14
AFYA	1.52	0.07	0.04	0.28	2.01	(1.47)	3.15	(3.64)	8.62
STG	3.19	0.04	0.02	(0.16)	3.83	(3.57)	5.67	(6.53)	31.71
CCG	3.06	0.63	0.21	11.17	2.47	(4.85)	6.98	(4.35)	35.94
MESA	3.22	0.51	0.13	0.86	3.25	(4.31)	9.82	(6.40)	23.87

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