Lantronix Correlations

LTRX Stock

USD 2.77 0.03 1.07%

The current 90-days correlation between Lantronix and LightPath Technologies is 0.25 (i.e., Modest diversification). The correlation of Lantronix 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.

Lantronix Correlation With Market

Modest diversification

The correlation between Lantronix and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lantronix 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 Lantronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Lantronix Stock

0.88	KN	Knowles Cor	Pair Corr
0.64	UI	Ubiquiti Networks	Pair Corr
0.86	EBON	Ebang International	Pair Corr
0.71	EXTR	Extreme Networks	Pair Corr
0.79	FEIM	Frequency Electronics	Pair Corr
0.74	APH	Amphenol	Pair Corr
0.73	BDC	Belden Inc	Pair Corr
0.67	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.76	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.74	MOB	Mobilicom Limited	Pair Corr
0.79	MSI	Motorola Solutions	Pair Corr

Moving against Lantronix Stock

0.49	SATLW	Satellogic Warrant	Pair Corr
0.32	VIAV	Viavi Solutions Sell-off Trend	Pair Corr
0.54	FKWL	Franklin Wireless Corp	Pair Corr
0.39	DLB	Dolby Laboratories	Pair Corr
0.32	FFIV	F5 Networks	Pair Corr
0.8	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.39	TEL	TE Connectivity	Pair Corr
0.34	LPL	LG Display	Pair Corr

Related Correlations Analysis

	LPTH	LUNA	INVE	VOXX	BOSC
LPTH		0.0	0.6	-0.67	-0.3	LPTH
LUNA	0.0		0.0	0.0	0.0	LUNA
INVE	0.6	0.0		-0.64	-0.26	INVE
VOXX	-0.67	0.0	-0.64		0.62	VOXX
BOSC	-0.3	0.0	-0.26	0.62		BOSC
	LPTH	LUNA	INVE	VOXX	BOSC

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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

BOSC	+ 0.62	VOXX
INVE	+ 0.6	LPTH
LUNA	+ 0.0	LPTH
INVE	+ 0.0	LUNA
VOXX	+ 0.0	LUNA
BOSC	+ 0.0	LUNA

High negative correlations

VOXX	- 0.67	LPTH
VOXX	- 0.64	INVE
BOSC	- 0.3	LPTH
BOSC	- 0.26	INVE
BOSC	- 0.0	LUNA
VOXX	- 0.0	LUNA

Risk-Adjusted Indicators

There is a big difference between Lantronix Stock performing well and Lantronix 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 Lantronix'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
LPTH	4.51	0.02	0.00	(0.08)	0.00	0.00	10.13	(9.13)	39.62
LUNA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INVE	2.18	(0.07)	0.00	(0.68)	0.00	0.00	5.83	(4.68)	13.28
VOXX	0.20	0.04	0.34	3.40	0.13	(0.29)	0.55	(0.41)	1.77
BOSC	2.64	0.47	0.14	0.24	2.59	(3.11)	6.25	(5.12)	19.52

Lantronix Corporate Management

Eric Bass	Vice Engineering	Profile
Mathi Gurusamy	Chief Officer	Profile
Robert Adams	Head Relations	Profile
Roger Holliday	Vice Sales	Profile
Jacques Issa	Vice Marketing	Profile
David Goren	Legal Affairs	Profile

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