Livewire Ergogenics Correlations
| LVVV Stock | USD 0.0007 0.0001 12.50% |
The correlation of Livewire Ergogenics 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 Ergogenics Correlation With Market
Significant diversification
The correlation between Livewire Ergogenics and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Livewire Ergogenics and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Livewire Ergogenics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Livewire Ergogenics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Livewire Ergogenics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Livewire Ergogenics to buy it.
Moving together with Livewire Pink Sheet
| 0.61 | AFFL | Affiliated Resources Corp | PairCorr |
| 0.61 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Livewire Pink Sheet
| 0.8 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.67 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.66 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.39 | HPQ | HP Inc | PairCorr |
| 0.36 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Livewire Pink Sheet performing well and Livewire Ergogenics 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 Ergogenics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGID | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FBEC | 78.88 | 35.81 | 0.53 | (3.55) | 30.48 | 300.00 | 888.89 | |||
| HIRU | 8.19 | (0.90) | 0.00 | 0.86 | 0.00 | 19.23 | 52.68 | |||
| ALKM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAC | 1.04 | 0.06 | 0.14 | 0.16 | 0.59 | 2.20 | 10.22 | |||
| RXRX | 3.70 | 0.24 | 0.06 | 0.27 | 4.57 | 8.32 | 20.99 | |||
| AVTE | 2.39 | 0.44 | 0.17 | 0.72 | 2.00 | 5.58 | 19.11 | |||
| PYPL | 1.35 | 0.25 | 0.17 | 0.32 | 1.25 | 3.52 | 10.05 | |||
| GOOG | 1.10 | 0.28 | 0.13 | 0.71 | 1.23 | 2.22 | 8.60 | |||
| KOSS | 2.60 | (0.08) | (0.02) | 0.04 | 2.86 | 5.93 | 16.66 |
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Livewire Ergogenics Corporate Management
| Kyle McKay | Member Horticulturist | Profile | |
| Graham Earnshaw | Pres Operations | Profile | |
| AJ Moreno | Compliance Liaison | Profile | |
| William Riley | President | Profile |