LYFT Correlations

Stocks . USA . 
Stock . LYFT Inc
LYFT Stock  USD 17.18  0.43  2.44%   
The current 90-days correlation between LYFT Inc and Zoom Video Communications is 0.3 (i.e., Weak diversification). The correlation of LYFT 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.

LYFT Correlation With Market

Modest diversification

The correlation between LYFT Inc and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LYFT Inc 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 LYFT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with LYFT Stock

  0.89DJCO Daily Journal CorpPairCorr
  0.76AI C3 Ai Inc Earnings Call This WeekPairCorr
  0.88BL BlacklinePairCorr
  0.72EB Eventbrite Class APairCorr
  0.79KC Kingsoft Cloud Holdings Upward RallyPairCorr
  0.9ML MoneyLionPairCorr
  0.65PD PagerdutyPairCorr
  0.94WK WorkivaPairCorr
  0.65ZI ZoomInfo TechnologiesPairCorr
  0.92ZM Zoom Video CommunicationsPairCorr
  0.91DOCU DocuSign Earnings Call This WeekPairCorr
  0.86DOMO Domo Inc Earnings Call TodayPairCorr
  0.94VERX VertexPairCorr
  0.95DSGX Descartes Systems Earnings Call This WeekPairCorr
  0.85DUOL DuolingoPairCorr
  0.83DUOT Duos TechnologiesPairCorr
  0.84VMEO Vimeo IncPairCorr
  0.94EGHT 8x8 Common StockPairCorr
  0.81ENFN EnfusionPairCorr

Moving against LYFT Stock

  0.62VERB VERB TECHNOLOGY PANY Tech BoostPairCorr
  0.36DMAN Innovativ Media GroupPairCorr
  0.85EVOL Evolving SystemsPairCorr
  0.69ETWO E2open Parent HoldingsPairCorr
  0.68XELAP Exela Technologies Earnings Call TodayPairCorr
  0.64SBIGW SpringBig HoldingsPairCorr
  0.6VTEX VTEXPairCorr
  0.57ELCO Elcom InternationalPairCorr
  0.54EZFL EzFill HoldingsPairCorr
  0.52ILLRW Triller Group Symbol ChangePairCorr
  0.49WALDW Waldencast AcquisitionPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between LYFT Stock performing well and LYFT 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 LYFT'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.

LYFT Corporate Management

Lisa BlackwoodKapralChief Accounting OfficerProfile
Erin BrewerChief OfficerProfile
Lindsay LlewellynGeneral SecretaryProfile
Elaine PaulChief OfficerProfile
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