Littlefield Correlations

LTFDDelisted Stock  USD 0.15  0.00  0.00%   
The current 90-days correlation between Littlefield and Lottery Common Stock is -0.03 (i.e., Good diversification). The correlation of Littlefield 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.

Littlefield Correlation With Market

Good diversification

The correlation between Littlefield and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Littlefield and NYA in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Littlefield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Littlefield 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 Littlefield - 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 Littlefield to buy it.

Moving together with Littlefield Pink Sheet

  0.63DKNG DraftKings Aggressive PushPairCorr
  0.79EVRI Everi HoldingsPairCorr
  0.61GAMB Gambling GroupPairCorr
  0.62GDHG Golden Heaven GroupPairCorr
  0.69GMBL Esports Entertainment Fiscal Year End 11th of October 2024 PairCorr
  0.68LTRY Lottery Common Stock Report 20th of June 2024 PairCorr
  0.63GMBLP Esports EntertainmentPairCorr
  0.77ACEL Accel EntertainmentPairCorr
  0.83SBET Sharplink GamingPairCorr
  0.69H Hyatt HotelsPairCorr
  0.7BC BrunswickPairCorr

Moving against Littlefield Pink Sheet

  0.93RSI Rush Street InteractivePairCorr
  0.81AGS PlayAGSPairCorr
  0.73CDROW Codere Online LuxembourgPairCorr
  0.34GAN GanPairCorr
  0.92EM Smart Share GlobalPairCorr
  0.88BQ Boqii Holding LimitedPairCorr
  0.8CHDN Churchill DownsPairCorr
  0.69AN AutoNationPairCorr
  0.66SGHC SGHC LimitedPairCorr
  0.38CDRO Codere Online Corp Downward RallyPairCorr

Related Correlations Analysis

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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   
GMBLLTRY
RSIAGS
PDYPYRSI
EVRIGMBL
EVRILTRY
PDYPYAGS
  
High negative correlations   
EVRIRSI
EVRIAGS
GMBLRSI
RSILTRY
PDYPYLTRY
GMBLAGS

Risk-Adjusted Indicators

There is a big difference between Littlefield Pink Sheet performing well and Littlefield 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 Littlefield'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AGS  2.05  0.45  0.21  0.25  1.60 
 5.07 
 27.67 
GAN  1.51 (0.06) 0.00 (0.23) 0.00 
 3.15 
 9.16 
LTRY  2.96 (0.61) 0.00 (0.59) 0.00 
 6.40 
 18.46 
DKNG  2.12 (0.08) 0.00 (0.04) 0.00 
 4.58 
 15.98 
RSI  1.98  0.72  0.36  0.34  1.48 
 4.45 
 20.17 
GMBL  10.41 (1.47) 0.00 (1.03) 0.00 
 29.63 
 93.47 
PDYPY  2.02  0.45  0.16  2.30  2.42 
 4.31 
 16.70 
EVRI  1.97 (0.14) 0.00 (0.08) 0.00 
 5.24 
 12.73 
INSE  1.71  0.02  0.01  0.01  2.44 
 3.87 
 15.23 
CDRO  2.11  0.03  0.01  0.03  2.56 
 5.40 
 15.51 

View Littlefield Related Equities

 Risk & Return  Correlation

Littlefield Corporate Executives

Elected by the shareholders, the Littlefield's board of directors comprises two types of representatives: Littlefield inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Littlefield. The board's role is to monitor Littlefield's management team and ensure that shareholders' interests are well served. Littlefield'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, Littlefield's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard ChilinskiCFO, Principal Accounting Officer and Executive VPProfile

Still Interested in Littlefield?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.