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

0.77	GM	General Motors Aggressive Push	Pair Corr
0.66	NWTNW	NWTN Warrant	Pair Corr
0.64	MBLY	Mobileye Global Class	Pair Corr
0.76	RIVN	Rivian Automotive	Pair Corr
0.87	AYRO	AYRO Inc	Pair Corr
0.62	W	Wayfair	Pair Corr
0.91	LE	Lands End Earnings Call This Week	Pair Corr
0.65	RH	RH Earnings Call This Week	Pair Corr
0.88	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.68	ETSY	Etsy Inc	Pair Corr
0.61	WING	Wingstop	Pair Corr
0.62	FEDU	Four Seasons Education	Pair Corr
0.86	FIVE	Five Below	Pair Corr

Moving against LiveWire Stock

0.85	VIPS	Vipshop Holdings	Pair Corr
0.82	JD	JD Inc Adr Aggressive Push	Pair Corr
0.56	IH	Ihuman Inc	Pair Corr
0.49	WAFU	Wah Fu Education	Pair Corr
0.48	RL	Ralph Lauren Corp	Pair Corr
0.42	HMC	Honda Motor	Pair Corr
0.37	ESCA	Escalade Incorporated Earnings Call This Week	Pair Corr
0.92	AGS	PlayAGS	Pair Corr
0.85	EVRI	Everi Holdings	Pair Corr
0.8	AZO	AutoZone	Pair Corr
0.73	DAO	Youdao Inc	Pair Corr
0.63	DPZ	Dominos Pizza Common	Pair Corr
0.47	COE	51Talk Online Education	Pair Corr
0.41	ABG	Asbury Automotive	Pair Corr

Related Correlations Analysis

	TM	NSANY	RACE	STLA	GM	POAHY	HMC	LCID	RIDE	RIVN
TM		0.0	-0.28	-0.24	0.21	0.14	0.76	0.14	0.0	-0.05	TM
NSANY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NSANY
RACE	-0.28	0.0		0.53	-0.63	0.16	-0.06	0.02	0.0	-0.21	RACE
STLA	-0.24	0.0	0.53		0.1	-0.26	-0.26	0.44	0.0	0.33	STLA
GM	0.21	0.0	-0.63	0.1		-0.45	-0.03	0.39	0.0	0.57	GM
POAHY	0.14	0.0	0.16	-0.26	-0.45		0.42	-0.7	0.0	-0.76	POAHY
HMC	0.76	0.0	-0.06	-0.26	-0.03	0.42		-0.06	0.0	-0.28	HMC
LCID	0.14	0.0	0.02	0.44	0.39	-0.7	-0.06		0.0	0.81	LCID
RIDE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RIDE
RIVN	-0.05	0.0	-0.21	0.33	0.57	-0.76	-0.28	0.81	0.0		RIVN
	TM	NSANY	RACE	STLA	GM	POAHY	HMC	LCID	RIDE	RIVN

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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

RIVN	+ 0.81	LCID
HMC	+ 0.76	TM
RIVN	+ 0.57	GM
STLA	+ 0.53	RACE
LCID	+ 0.44	STLA
HMC	+ 0.42	POAHY

High negative correlations

RIVN	- 0.76	POAHY
LCID	- 0.7	POAHY
GM	- 0.63	RACE
POAHY	- 0.45	GM
RIVN	- 0.28	HMC
RACE	- 0.28	TM

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TM	1.43	0.21	0.12	0.13	1.62	(1.61)	3.40	(2.52)	13.50
NSANY	0.00	0.00	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	(1.29)	2.73	(3.28)	11.93
STLA	1.89	(0.02)	0.00	(0.10)	0.00	0.00	3.84	(4.38)	13.21
GM	1.77	0.05	0.00	(0.03)	0.00	0.00	3.39	(3.56)	14.61
POAHY	1.18	0.17	0.14	(0.96)	1.42	(1.41)	2.97	(2.36)	7.98
HMC	1.59	0.31	0.17	0.28	1.66	(1.89)	4.11	(3.62)	17.81
LCID	3.71	0.21	0.04	0.09	4.87	(3.73)	8.58	(7.55)	28.24
RIDE	0.00	0.00	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	0.00	5.90	(4.95)	32.24

LiveWire Corporate Management

Jeremy Nienhuis	Supply Planning	Profile
Jon Carter	Chief Officer	Profile
Erica Case	Head Resources	Profile
Ryan Ragland	Head Design	Profile
Vance Strader	Chief Officer	Profile
Jon Bekefy	Head Marketing	Profile

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