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Last Update: 04-Oct-2024, 17:57 CST

LAD Correlation Report

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Correlation Plot    ExplainYTD: LAD  -5.2 %  vs. SPX  20.6 % 
Lithia Motors Inc.

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.508

0.021

2.54

2

4.1

51.7
* Last 60 market days. LAD relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankLAD CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.807 Subscribe first then Login to view complete reports now

0.528

-0.214

2.32
2
0.754 Subscribe first then Login to view complete reports now

0.471

-0.163

2.07
3
0.750 Subscribe first then Login to view complete reports now

0.320

-0.161

2.04
4
2
0.732 Subscribe first then Login to view complete reports now

0.531

-0.041

1.69
5
2
0.723 CMI - Cummins Inc.

0.524

0.116

1.71
Least Correlated Non-ETF Securities:
RankLAD CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
31
0.000 Subscribe first then Login to view complete reports now

-0.153

-0.686

-7.80
2
32
0.002 Subscribe first then Login to view complete reports now

-0.029

0.152

-0.71
3
10
-0.002 Subscribe first then Login to view complete reports now

0.176

0.840

6.28
4
25
-0.002 Subscribe first then Login to view complete reports now

0.026

0.019

0.11
5
-0.002 RZLT - Rezolute Inc. (NV)

0.136

-0.707

3.06
Most Anti-Correlated Non-ETF Securities:
RankLAD CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1
-0.385 Subscribe first then Login to view complete reports now

-0.511

0.641

-1.40
2
1
-0.350 Subscribe first then Login to view complete reports now

-0.497

-0.039

-0.52
3
1
-0.307 Subscribe first then Login to view complete reports now

-0.206

0.776

-6.06
4
3
-0.305 Subscribe first then Login to view complete reports now

-0.304

-1.053

-5.79
5
10
-0.287 PW - Power REIT (MD)

-0.281

2.391

-12.07




 

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