Liquidity Services Correlations

LQDT Stock

USD 31.60 0.70 2.27%

The correlation of Liquidity Services 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.

Liquidity Services Correlation With Market

Very weak diversification

The correlation between Liquidity Services and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liquidity Services 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 Liquidity Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Liquidity Stock please use our How to Invest in Liquidity Services guide.

Moving together with Liquidity Stock

0.67	FA	First Advantage Corp	Pair Corr
0.76	BCO	Brinks Company	Pair Corr
0.76	CBZ	CBIZ Inc	Pair Corr
0.7	FOUR	Shift4 Payments	Pair Corr

Moving against Liquidity Stock

0.45	VSEC	VSE Corporation	Pair Corr
0.54	GFL	Gfl Environmental	Pair Corr
0.36	WLDN	Willdan Group	Pair Corr
0.35	ACU	Acme United	Pair Corr
0.37	STN	Stantec	Pair Corr

Related Correlations Analysis

	QRTEB	QRTEP	DADA	NHTC	QRTEA	HOUR	PIK	SECO	DIBS	PRTS
QRTEB		0.13	-0.82	-0.73	0.27	0.33	0.81	0.0	0.16	0.25	QRTEB
QRTEP	0.13		0.15	-0.11	-0.17	-0.06	-0.11	0.0	0.74	-0.03	QRTEP
DADA	-0.82	0.15		0.75	-0.34	-0.32	-0.91	0.0	0.08	-0.15	DADA
NHTC	-0.73	-0.11	0.75		-0.51	-0.18	-0.88	0.0	-0.08	0.23	NHTC
QRTEA	0.27	-0.17	-0.34	-0.51		0.32	0.53	0.0	0.02	-0.45	QRTEA
HOUR	0.33	-0.06	-0.32	-0.18	0.32		0.33	0.0	0.27	0.1	HOUR
PIK	0.81	-0.11	-0.91	-0.88	0.53	0.33		0.0	-0.02	-0.05	PIK
SECO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SECO
DIBS	0.16	0.74	0.08	-0.08	0.02	0.27	-0.02	0.0		0.05	DIBS
PRTS	0.25	-0.03	-0.15	0.23	-0.45	0.1	-0.05	0.0	0.05		PRTS
	QRTEB	QRTEP	DADA	NHTC	QRTEA	HOUR	PIK	SECO	DIBS	PRTS

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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

PIK	+ 0.81	QRTEB
NHTC	+ 0.75	DADA
DIBS	+ 0.74	QRTEP
PIK	+ 0.53	QRTEA
HOUR	+ 0.33	QRTEB
PIK	+ 0.33	HOUR

High negative correlations

PIK	- 0.91	DADA
PIK	- 0.88	NHTC
DADA	- 0.82	QRTEB
NHTC	- 0.73	QRTEB
QRTEA	- 0.51	NHTC
PRTS	- 0.45	QRTEA

Risk-Adjusted Indicators

There is a big difference between Liquidity Stock performing well and Liquidity Services 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 Liquidity Services' 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
QRTEB	4.01	(0.49)	0.00	(0.36)	0.00	0.00	7.87	(9.65)	28.95
QRTEP	2.00	(0.26)	0.00	21.28	0.00	0.00	3.80	(4.51)	15.60
DADA	2.02	0.50	0.22	0.89	1.99	(2.78)	3.78	(3.88)	30.33
NHTC	2.10	0.44	0.17	1.29	2.48	(2.29)	5.20	(4.24)	12.97
QRTEA	3.33	(0.24)	0.00	(7.16)	0.00	0.00	8.11	(7.14)	22.65
HOUR	8.06	1.78	0.26	1.15	5.63	(14.13)	11.40	(10.27)	228.92
PIK	12.35	(3.28)	0.00	(1.80)	0.00	0.00	27.75	(33.33)	120.55
SECO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIBS	1.98	(0.25)	0.00	(0.41)	0.00	0.00	3.06	(4.76)	12.98
PRTS	4.06	0.35	0.05	0.05	3.86	(5.75)	7.44	(6.19)	51.00

Liquidity Services Corporate Management

Mark JD	Chief Secretary	Profile
Novelette Murray	Chief Officer	Profile
William III	Chairman Cofounder	Profile
Anthony Long	Vice Marketing	Profile
Steven Weiskircher	Chief Officer	Profile
Mark Shaffer	General Counsel, Corporate Secretary	Profile

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