Logan Ridge Correlations

LRFC Stock

USD 22.03 0.56 2.48%

The current 90-days correlation between Logan Ridge Finance and Inotiv Inc is -0.08 (i.e., Good diversification). The correlation of Logan Ridge 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.

Logan Ridge Correlation With Market

Good diversification

The correlation between Logan Ridge Finance and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logan Ridge Finance 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 Logan Ridge Finance. 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 Logan Stock

0.61

Byline Bancorp

Pair Corr

Moving against Logan Stock

0.48	RENEW	Cartesian Growth	Pair Corr
0.52	L	Loews Corp	Pair Corr
0.35	AB	AllianceBernstein	Pair Corr
0.58	HG	Hamilton Insurance Group,	Pair Corr
0.54	DB	Deutsche Bank AG	Pair Corr
0.5	CB	Chubb	Pair Corr
0.48	LX	Lexinfintech Holdings	Pair Corr
0.41	GL	Globe Life	Pair Corr
0.36	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	BADFF	PTMN	NOTV	PFX	VIAO
BADFF		0.26	-0.32	0.24	0.0	BADFF
PTMN	0.26		0.07	0.02	0.0	PTMN
NOTV	-0.32	0.07		-0.55	0.0	NOTV
PFX	0.24	0.02	-0.55		0.0	PFX
VIAO	0.0	0.0	0.0	0.0		VIAO
	BADFF	PTMN	NOTV	PFX	VIAO

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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

PTMN	+ 0.26	BADFF
PFX	+ 0.24	BADFF
NOTV	+ 0.07	PTMN
PFX	+ 0.02	PTMN
VIAO	+ 0.0	BADFF
VIAO	+ 0.0	PTMN

High negative correlations

PFX	- 0.55	NOTV
NOTV	- 0.32	BADFF
VIAO	- 0.0	PFX
VIAO	- 0.0	NOTV
VIAO	- 0.0	PTMN
VIAO	- 0.0	BADFF

Risk-Adjusted Indicators

There is a big difference between Logan Stock performing well and Logan Ridge 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 Logan Ridge'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
BADFF	1.08	0.20	0.09	0.53	1.24	(3.77)	4.77	(2.53)	12.48
PTMN	0.82	(0.11)	0.00	(1.57)	0.00	0.00	1.16	(2.36)	7.96
NOTV	5.36	(0.43)	0.00	0.29	0.00	0.00	13.31	(10.98)	32.39
PFX	1.08	0.23	0.26	11.31	0.83	(1.41)	3.38	(1.94)	5.78
VIAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Logan Ridge Corporate Management

Jason Roos	Chief Officer	Profile
Brandon Satoren	Secretary Officer	Profile
Patrick Schafer	Chief Officer	Profile
David JD	Chief Officer	Profile

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