LanzaTech Global Correlations

LNZA Stock

1.24 0.07 5.98%

The current 90-days correlation between LanzaTech Global and Forrester Research is 0.31 (i.e., Weak diversification). The correlation of LanzaTech Global 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.

LanzaTech Global Correlation With Market

Modest diversification

The correlation between LanzaTech Global and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LanzaTech Global 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 LanzaTech Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade LanzaTech Stock refer to our How to Trade LanzaTech Stock guide.

Moving together with LanzaTech Stock

0.74	FC	Franklin Covey	Pair Corr
0.69	MMS	Maximus	Pair Corr
0.67	TRU	TransUnion	Pair Corr
0.8	ICFI	ICF International	Pair Corr
0.63	PFMT	Performant Financial	Pair Corr
0.71	BZ	Kanzhun Ltd ADR Buyout Trend	Pair Corr

Moving against LanzaTech Stock

0.61	VRSK	Verisk Analytics	Pair Corr
0.61	INOD	Innodata Buyout Trend	Pair Corr
0.5	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.48	HURN	Huron Consulting	Pair Corr
0.47	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.43	FORR	Forrester Research	Pair Corr
0.38	RTO	Rentokil Initial PLC	Pair Corr
0.37	HNI	HNI Corp	Pair Corr
0.35	LZ	LegalZoom	Pair Corr
0.35	CTAS	Cintas	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr
0.64	HI	Hillenbrand	Pair Corr
0.61	AL	Air Lease	Pair Corr
0.61	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.52	DIST	Distoken Acquisition	Pair Corr
0.45	CR	Crane Company	Pair Corr
0.4	R	Ryder System	Pair Corr
0.35	KE	Kimball Electronics	Pair Corr
0.34	AZ	A2Z Smart Technologies	Pair Corr
0.32	PH	Parker Hannifin	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		-0.14	-0.66	0.63	-0.56	-0.33	0.44	0.51	-0.24	CRAI
ICFI	-0.14		-0.12	-0.47	0.48	0.55	0.49	-0.67	0.82	ICFI
FORR	-0.66	-0.12		-0.13	0.45	0.27	-0.44	-0.04	-0.02	FORR
HURN	0.63	-0.47	-0.13		-0.7	-0.55	-0.08	0.87	-0.5	HURN
FCN	-0.56	0.48	0.45	-0.7		0.89	0.28	-0.66	0.61	FCN
EXPO	-0.33	0.55	0.27	-0.55	0.89		0.55	-0.6	0.68	EXPO
TRU	0.44	0.49	-0.44	-0.08	0.28	0.55		-0.28	0.48	TRU
VRSK	0.51	-0.67	-0.04	0.87	-0.66	-0.6	-0.28		-0.7	VRSK
FC	-0.24	0.82	-0.02	-0.5	0.61	0.68	0.48	-0.7		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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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

EXPO	+ 0.89	FCN
VRSK	+ 0.87	HURN
FC	+ 0.82	ICFI
FC	+ 0.68	EXPO
HURN	+ 0.63	CRAI
FC	+ 0.61	FCN

High negative correlations

FC	- 0.7	VRSK
FCN	- 0.7	HURN
VRSK	- 0.67	ICFI
VRSK	- 0.66	FCN
FORR	- 0.66	CRAI
VRSK	- 0.6	EXPO

Risk-Adjusted Indicators

There is a big difference between LanzaTech Stock performing well and LanzaTech Global 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 LanzaTech Global'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
CRAI	1.53	0.08	0.06	0.18	2.04	(1.43)	2.86	(3.40)	12.45
ICFI	1.31	(0.36)	0.00	(0.24)	0.00	0.00	2.60	(2.09)	16.28
FORR	1.79	(0.32)	0.00	(0.09)	0.00	0.00	3.15	(3.77)	10.89
HURN	1.23	0.07	0.08	0.18	1.01	(1.58)	2.72	(1.60)	14.16
FCN	0.97	(0.24)	0.00	(0.19)	0.00	0.00	1.82	(2.06)	14.08
EXPO	1.33	(0.32)	0.00	(0.05)	0.00	0.00	2.26	(2.52)	11.88
TRU	1.25	(0.05)	(0.01)	0.08	1.75	(1.14)	2.73	(2.86)	8.10
VRSK	0.66	0.10	(0.01)	0.94	0.78	(0.73)	1.66	(1.35)	6.41
FC	1.49	(0.29)	0.00	(0.07)	0.00	0.00	2.45	(3.04)	22.53

LanzaTech Global Corporate Management

Carl Wolf	Chief Officer	Profile
Johanna Haggstrom	Executive Manufacturing	Profile
Chad Thompson	Chief Officer	Profile
Freya Burton	Chief Officer	Profile

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