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.
LiveWire |
Moving together with LiveWire Stock
0.77 | GM | General Motors Aggressive Push | PairCorr |
0.66 | NWTNW | NWTN Warrant | PairCorr |
0.64 | MBLY | Mobileye Global Class | PairCorr |
0.76 | RIVN | Rivian Automotive | PairCorr |
0.87 | AYRO | AYRO Inc | PairCorr |
0.62 | W | Wayfair | PairCorr |
0.91 | LE | Lands End Earnings Call This Week | PairCorr |
0.65 | RH | RH Earnings Call This Week | PairCorr |
0.88 | DOOO | BRP Inc Earnings Call This Week | PairCorr |
0.68 | ETSY | Etsy Inc | PairCorr |
0.61 | WING | Wingstop | PairCorr |
0.62 | FEDU | Four Seasons Education | PairCorr |
0.86 | FIVE | Five Below | PairCorr |
Moving against LiveWire Stock
0.85 | VIPS | Vipshop Holdings | PairCorr |
0.82 | JD | JD Inc Adr Aggressive Push | PairCorr |
0.56 | IH | Ihuman Inc | PairCorr |
0.49 | WAFU | Wah Fu Education | PairCorr |
0.48 | RL | Ralph Lauren Corp | PairCorr |
0.42 | HMC | Honda Motor | PairCorr |
0.37 | ESCA | Escalade Incorporated Earnings Call This Week | PairCorr |
0.92 | AGS | PlayAGS | PairCorr |
0.85 | EVRI | Everi Holdings | PairCorr |
0.8 | AZO | AutoZone | PairCorr |
0.73 | DAO | Youdao Inc | PairCorr |
0.63 | DPZ | Dominos Pizza Common | PairCorr |
0.47 | COE | 51Talk Online Education | PairCorr |
0.41 | ABG | Asbury Automotive | PairCorr |
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
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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 | 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 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 |