Lumen Technologies Correlations
| LUMN Stock | USD 1.32 0.01 0.75% |
The correlation of Lumen Technologies 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 Lumen Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lumen Technologies 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.
Very weak diversification
The correlation between Lumen Technologies and NYA is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lumen Technologies and NYA in the same portfolio, assuming nothing else is changed.
Lumen |
The ability to find closely correlated positions to Lumen Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lumen Technologies 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 Lumen Technologies - 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 Lumen Technologies to buy it.
Moving together with Lumen Stock
| 0.72 | SKM | SK Telecom Financial Report 8th of May 2024 | PairCorr |
| 0.61 | ATEX | Anterix Financial Report 12th of June 2024 | PairCorr |
| 0.64 | KT | KT Corporation Financial Report 22nd of May 2024 | PairCorr |
Moving against Lumen Stock
| 0.54 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
| 0.5 | SJ | Scienjoy Holding Corp Report 26th of April 2024 | 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
|
Risk-Adjusted Indicators
There is a big difference between Lumen Stock performing well and Lumen Technologies 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 Lumen Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRAB | 1.65 | 0.11 | 0.03 | 0.18 | 2.56 | 3.30 | 11.74 | |||
| CDNS | 1.44 | (0.04) | 0.00 | 0.03 | 1.64 | 3.57 | 8.70 | |||
| AQUI | 1.32 | 0.63 | 0.00 | 0.95 | 0.00 | 0.00 | 25.00 | |||
| LBHIX | 0.19 | (0.03) | 0.00 | (0.39) | 0.00 | 0.48 | 1.21 | |||
| MSTSX | 0.46 | (0.02) | (0.04) | 0.04 | 0.64 | 0.98 | 3.20 | |||
| ABHYX | 0.17 | (0.01) | (0.19) | 0.85 | 0.25 | 0.45 | 1.61 | |||
| SCAXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIASP | 1.53 | 0.09 | 0.03 | 0.17 | 2.28 | 3.60 | 13.41 | |||
| RRTLX | 0.26 | 0.01 | (0.13) | 0.21 | 0.31 | 0.51 | 1.46 | |||
| PNDXF | 1.08 | 0.68 | 0.00 | (0.23) | 0.00 | 0.00 | 36.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lumen Technologies 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 Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
Lumen Technologies Corporate Management
Elected by the shareholders, the Lumen Technologies' board of directors comprises two types of representatives: Lumen Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lumen. The board's role is to monitor Lumen Technologies' management team and ensure that shareholders' interests are well served. Lumen Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lumen Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Satish Lakshmanan | Executive Officer | Profile | |
| Steven Clontz | Independent Director | Profile | |
| Scott Trezise | Executive Vice President - Human Resources | Profile | |
| Andrew Dugan | Chief Officer | Profile | |
| India Sylvester | Chief Officer | Profile |
Already Invested in Lumen Technologies?
The danger of trading Lumen Technologies 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 Lumen Technologies 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 Lumen Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lumen Technologies 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 Lumen Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lumen Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lumen Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lumen Technologies Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumen Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Lumen Stock, please use our How to Invest in Lumen Technologies guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Lumen Stock analysis
When running Lumen Technologies' price analysis, check to measure Lumen Technologies' 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 Lumen Technologies is operating at the current time. Most of Lumen Technologies' value examination focuses on studying past and present price action to predict the probability of Lumen Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumen Technologies' price. Additionally, you may evaluate how the addition of Lumen Technologies to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Is Lumen Technologies' 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 Lumen Technologies. If investors know Lumen 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 Lumen Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share (10.48) | Revenue Per Share 14.808 | Quarterly Revenue Growth (0.07) | Return On Assets 0.018 |
The market value of Lumen Technologies is measured differently than its book value, which is the value of Lumen that is recorded on the company's balance sheet. Investors also form their own opinion of Lumen Technologies' value that differs from its market value or its book value, called intrinsic value, which is Lumen Technologies' 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 Lumen Technologies' market value can be influenced by many factors that don't directly affect Lumen Technologies' 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 Lumen Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lumen Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lumen Technologies' 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.