Lightbridge Corp Correlations
| LTBR Stock | USD 2.76 0.10 3.76% |
The correlation of Lightbridge Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lightbridge Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightbridge Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Lightbridge Corp and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lightbridge Corp and NYA in the same portfolio, assuming nothing else is changed.
Lightbridge |
The ability to find closely correlated positions to Lightbridge Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightbridge Corp 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 Lightbridge Corp - 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 Lightbridge Corp to buy it.
Moving against Lightbridge Stock
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
|
Risk-Adjusted Indicators
There is a big difference between Lightbridge Stock performing well and Lightbridge Corp 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 Lightbridge Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESP | 1.43 | (0.24) | 0.00 | 2.03 | 0.00 | 2.90 | 14.99 | |||
| NEOVW | 11.28 | 2.46 | 0.14 | (0.62) | 11.05 | 28.21 | 92.38 | |||
| KE | 1.17 | 0.01 | 0.01 | 0.02 | 1.33 | 3.43 | 7.05 | |||
| HAYW | 1.53 | 0.14 | 0.08 | 0.08 | 1.60 | 2.99 | 17.37 | |||
| ADSE | 1.78 | 0.18 | 0.06 | 0.50 | 2.28 | 8.45 | 16.54 | |||
| POLA | 5.15 | 0.38 | 0.06 | 0.16 | 5.76 | 12.82 | 32.54 | |||
| CBAT | 3.27 | 0.79 | 0.14 | 1.23 | 4.14 | 7.63 | 22.29 | |||
| OPTT | 2.80 | (0.56) | 0.00 | (3.12) | 0.00 | 5.56 | 17.41 | |||
| ENS | 0.98 | 0.29 | 0.25 | 0.95 | 0.85 | 1.84 | 11.57 | |||
| FLUX | 3.42 | (0.67) | 0.00 | (0.71) | 0.00 | 7.38 | 36.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lightbridge Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
Lightbridge Corp Corporate Management
Elected by the shareholders, the Lightbridge Corp's board of directors comprises two types of representatives: Lightbridge Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lightbridge. The board's role is to monitor Lightbridge Corp's management team and ensure that shareholders' interests are well served. Lightbridge Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lightbridge Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrey Mushakov | Executive VP of International Nuclear Operations | Profile | |
| Barbara Kanakry | Controller | Profile | |
| Joel Grae | CoFounder | Profile | |
| Darla Bond | Human Manager | Profile | |
| CPA CIA | PartTime Consultant | Profile | |
| Sherrie Holloway | Controller | Profile | |
| Lawrence CPA | Treasurer CFO | Profile |
Already Invested in Lightbridge Corp?
The danger of trading Lightbridge Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lightbridge Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lightbridge Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lightbridge Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Lightbridge Corp is a strong investment it is important to analyze Lightbridge Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lightbridge Corp's future performance. For an informed investment choice regarding Lightbridge Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lightbridge Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Lightbridge Stock, please use our How to Invest in Lightbridge Corp guide.Note that the Lightbridge Corp information on this page should be used as a complementary analysis to other Lightbridge Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Lightbridge Stock analysis
When running Lightbridge Corp's price analysis, check to measure Lightbridge Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lightbridge Corp is operating at the current time. Most of Lightbridge Corp's value examination focuses on studying past and present price action to predict the probability of Lightbridge Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lightbridge Corp's price. Additionally, you may evaluate how the addition of Lightbridge Corp to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Is Lightbridge Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lightbridge Corp. If investors know Lightbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lightbridge Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.72) | Return On Assets (0.21) | Return On Equity (0.31) |
The market value of Lightbridge Corp is measured differently than its book value, which is the value of Lightbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Lightbridge Corp's value that differs from its market value or its book value, called intrinsic value, which is Lightbridge Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lightbridge Corp's market value can be influenced by many factors that don't directly affect Lightbridge Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lightbridge Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lightbridge Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lightbridge Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.