LiveWire Correlations

LVWR Stock  USD 2.30  0.07  3.14%   
The current 90-days correlation between LiveWire Group and Toyota Motor is 0.12 (i.e., Average diversification). The correlation of LiveWire 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.

LiveWire Correlation With Market

Modest diversification

The correlation between LiveWire Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LiveWire Group 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 LiveWire Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with LiveWire Stock

  0.63GNTX GentexPairCorr
  0.71VFSWW VinFast AutoPairCorr
  0.7TSLA Tesla IncPairCorr

Moving against LiveWire Stock

  0.63XPEV Xpeng Inc Aggressive PushPairCorr
  0.52LI Li AutoPairCorr
  0.43DAN Dana Inc Sell-off TrendPairCorr
  0.62AN AutoNationPairCorr
  0.61XOSWW Xos Equity WarrantsPairCorr
  0.61DIBS 1StdibsComPairCorr
  0.53APTV Aptiv PLC Sell-off TrendPairCorr
  0.61RL Ralph Lauren CorpPairCorr
  0.61VIPS Vipshop HoldingsPairCorr
  0.5JD JD Inc Adr Earnings Call This WeekPairCorr
  0.34JL J Long GroupPairCorr

Related Correlations Analysis

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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   
HMCTM
RIVNLCID
STLARACE
LCIDTM
LCIDHMC
POAHYSTLA
  
High negative correlations   
GMRACE
LCIDGM
RIVNPOAHY
GMSTLA
HMCGM
GMTM

Risk-Adjusted Indicators

There is a big difference between LiveWire Stock performing well and LiveWire 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 LiveWire'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TM  1.26  0.10  0.06  0.09  1.57 
 3.04 
 13.50 
NSANY  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RACE  1.26  0.14  0.08  0.15  1.76 
 2.90 
 11.93 
STLA  1.85  0.02  0.01  0.01  3.15 
 3.75 
 9.61 
GM  1.72 (0.14) 0.00 (0.14) 0.00 
 3.40 
 14.61 
POAHY  1.13  0.11  0.07  0.54  1.45 
 2.73 
 7.98 
HMC  1.53  0.13  0.06  0.12  1.88 
 3.94 
 17.81 
LCID  3.68  0.24  0.05  0.33  4.73 
 10.05 
 28.24 
RIDE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RIVN  3.47  0.39  0.10  0.29  3.45 
 6.75 
 32.24 

LiveWire Corporate Management

Jeremy NienhuisSupply PlanningProfile
Jon CarterChief OfficerProfile
Erica CaseHead ResourcesProfile
Ryan RaglandHead DesignProfile
Vance StraderChief OfficerProfile
Jon BekefyHead MarketingProfile