Lottery, Common Correlations

LTRY Stock

USD 1.54 0.20 14.93%

The correlation of Lottery, Common 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.

Lottery, Common Correlation With Market

Good diversification

The correlation between Lottery, Common Stock and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lottery, Common Stock 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 Lottery, Common Stock. 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.

Moving together with Lottery, Stock

0.71	LTH	Life Time Group	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.61	OSW	OneSpaWorld Holdings Earnings Call Today	Pair Corr
0.76	YUM	Yum Brands	Pair Corr
0.86	MAT	Mattel Inc	Pair Corr
0.82	JAKK	JAKKS Pacific Earnings Call Today	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Lottery, Stock

0.93	SDA	SunCar Technology	Pair Corr
0.79	PPERY	Bank Mandiri Persero	Pair Corr
0.77	PPERF	Bank Mandiri Persero	Pair Corr
0.73	JOUT	Johnson Outdoors	Pair Corr
0.65	F	Ford Motor Earnings Call Today	Pair Corr
0.6	MODG	Callaway Golf Sell-off Trend	Pair Corr
0.55	GOLF	Acushnet Holdings Corp Earnings Call Today	Pair Corr
0.52	SDHC	Smith Douglas Homes	Pair Corr
0.49	TSLA	Tesla Inc	Pair Corr
0.44	UPBD	Upbound Group	Pair Corr
0.43	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.41	FUN	Six Flags Entertainment	Pair Corr
0.4	YETI	YETI Holdings	Pair Corr
0.37	DBI	Designer Brands	Pair Corr
0.88	MRK	Merck Company Aggressive Push	Pair Corr
0.7	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	PBCRY	Bank Central Asia	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.61	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	ELYS	GMBL	PBTHF	GAN	GMBLP	RSI	EBET	LNW	CDRO
ELYS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYS
GMBL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GMBL
PBTHF	0.0	0.0		0.38	0.0	-0.02	0.0	-0.53	-0.42	PBTHF
GAN	0.0	0.0	0.38		0.0	-0.14	0.0	-0.58	-0.45	GAN
GMBLP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	GMBLP
RSI	0.0	0.0	-0.02	-0.14	0.0		0.0	0.17	-0.19	RSI
EBET	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EBET
LNW	0.0	0.0	-0.53	-0.58	0.0	0.17	0.0		0.8	LNW
CDRO	0.0	0.0	-0.42	-0.45	0.0	-0.19	0.0	0.8		CDRO
	ELYS	GMBL	PBTHF	GAN	GMBLP	RSI	EBET	LNW	CDRO

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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

CDRO	+ 0.8	LNW
GAN	+ 0.38	PBTHF
LNW	+ 0.17	RSI
GMBL	+ 0.0	ELYS
PBTHF	+ 0.0	ELYS
GAN	+ 0.0	ELYS

High negative correlations

LNW	- 0.58	GAN
LNW	- 0.53	PBTHF
CDRO	- 0.45	GAN
CDRO	- 0.42	PBTHF
CDRO	- 0.19	RSI
RSI	- 0.14	GAN

Risk-Adjusted Indicators

There is a big difference between Lottery, Stock performing well and Lottery, Common 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 Lottery, Common'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
ELYS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMBL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBTHF	4.59	0.49	0.07	(1.16)	5.07	(6.55)	9.62	(8.51)	37.21
GAN	0.68	(0.08)	0.00	(2.40)	0.00	0.00	1.10	(1.69)	7.59
GMBLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSI	2.49	0.24	0.08	0.17	3.08	(2.75)	5.15	(4.18)	21.69
EBET	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LNW	1.49	0.15	0.08	0.15	1.62	(1.65)	3.52	(3.06)	14.43
CDRO	2.34	0.01	0.00	(0.80)	2.80	(2.68)	4.62	(4.05)	16.35

Lottery, Common Corporate Management

Matthew CFA	Vice Relations	Profile
Robert CPA	Chief Officer	Profile
Gregory Potts	Chief Officer	Profile
Edward Moffly	Interim Officer	Profile
Sohail Quraeshi	Chief Officer	Profile

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