LiveWire Correlations

LVWR Stock  USD 1.99  0.17  7.87%   
The current 90-days correlation between LiveWire Group and Toyota Motor is 0.09 (i.e., Significant 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 0.21 (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

  0.77GM General Motors Aggressive PushPairCorr
  0.66NWTNW NWTN WarrantPairCorr
  0.64MBLY Mobileye Global ClassPairCorr
  0.76RIVN Rivian AutomotivePairCorr
  0.87AYRO AYRO IncPairCorr
  0.62W WayfairPairCorr
  0.91LE Lands End Earnings Call This WeekPairCorr
  0.65RH RH Earnings Call This WeekPairCorr
  0.88DOOO BRP Inc Earnings Call This WeekPairCorr
  0.68ETSY Etsy IncPairCorr
  0.61WING WingstopPairCorr
  0.62FEDU Four Seasons EducationPairCorr
  0.86FIVE Five BelowPairCorr

Moving against LiveWire Stock

  0.85VIPS Vipshop HoldingsPairCorr
  0.82JD JD Inc Adr Aggressive PushPairCorr
  0.56IH Ihuman IncPairCorr
  0.49WAFU Wah Fu EducationPairCorr
  0.48RL Ralph Lauren CorpPairCorr
  0.42HMC Honda MotorPairCorr
  0.37ESCA Escalade Incorporated Earnings Call This WeekPairCorr
  0.92AGS PlayAGSPairCorr
  0.85EVRI Everi HoldingsPairCorr
  0.8AZO AutoZonePairCorr
  0.73DAO Youdao IncPairCorr
  0.63DPZ Dominos Pizza CommonPairCorr
  0.47COE 51Talk Online EducationPairCorr
  0.41ABG Asbury AutomotivePairCorr

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   
RIVNLCID
HMCTM
RIVNGM
STLARACE
LCIDSTLA
HMCPOAHY
  
High negative correlations   
RIVNPOAHY
LCIDPOAHY
GMRACE
POAHYGM
RIVNHMC
RACETM

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  1.43  0.21  0.12  0.13  1.62 
 3.40 
 13.50 
NSANY  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RACE  1.38  0.09  0.05  0.02  1.99 
 2.73 
 11.93 
STLA  1.89 (0.02) 0.00 (0.10) 0.00 
 3.84 
 13.21 
GM  1.77  0.05  0.00 (0.03) 0.00 
 3.39 
 14.61 
POAHY  1.18  0.17  0.14 (0.96) 1.42 
 2.97 
 7.98 
HMC  1.59  0.31  0.17  0.28  1.66 
 4.11 
 17.81 
LCID  3.71  0.21  0.04  0.09  4.87 
 8.58 
 28.24 
RIDE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RIVN  3.06 (0.10) 0.00 (0.15) 0.00 
 5.90 
 32.24 

LiveWire Corporate Management

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