La Jolla Related Correlations

Summary

LJPCDelisted Stock

USD 6.22 0.00 0.00%

Generate correlation matrix for La Jolla and other related equities to check the degree to which La Jolla Pharmaceutical price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for La Jolla Pharmaceutical. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

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Please note, there is a significant difference between La Jolla's value and its price as these two are different measures arrived at by different means. Investors typically determine if La Jolla is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, La Jolla'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.

Correlations

	EQIX	LEV	TSLA	WNC	DGII	PDD	KVHI	GNTX
EQIX		0.4	0.52	0.08	-0.06	0.11	-0.6	0.52	EQIX
LEV	0.4		0.86	-0.34	-0.5	0.67	0.05	-0.3	LEV
TSLA	0.52	0.86		-0.27	-0.45	0.65	0.02	-0.15	TSLA
WNC	0.08	-0.34	-0.27		0.63	-0.52	0.02	0.68	WNC
DGII	-0.06	-0.5	-0.45	0.63		-0.65	0.04	0.69	DGII
PDD	0.11	0.67	0.65	-0.52	-0.65		0.2	-0.49	PDD
KVHI	-0.6	0.05	0.02	0.02	0.04	0.2		-0.36	KVHI
GNTX	0.52	-0.3	-0.15	0.68	0.69	-0.49	-0.36		GNTX
	EQIX	LEV	TSLA	WNC	DGII	PDD	KVHI	GNTX

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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

TSLA	+ 0.86	LEV
GNTX	+ 0.69	DGII
GNTX	+ 0.68	WNC
PDD	+ 0.67	LEV
PDD	+ 0.65	TSLA
DGII	+ 0.63	WNC

High negative correlations

PDD	- 0.65	DGII
KVHI	- 0.6	EQIX
PDD	- 0.52	WNC
DGII	- 0.5	LEV
GNTX	- 0.49	PDD
DGII	- 0.45	TSLA

Risk-Adjusted Indicators

There is a big difference between LJPC Stock performing well and La Jolla 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 La Jolla'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
EQIX	1.18	(0.19)	0.00	(0.05)	0.00	0.00	2.16	(2.61)	8.22
LEV	2.70	(1.15)	0.00	(0.35)	0.00	0.00	3.85	(5.13)	16.72
TSLA	2.36	(0.65)	0.00	(0.41)	0.00	0.00	4.19	(4.90)	13.38
WNC	1.77	(0.02)	0.00	0.07	2.02	(1.98)	4.28	(3.36)	9.60
DGII	1.76	0.18	0.14	0.15	1.90	(1.96)	4.23	(3.42)	19.41
PDD	2.09	(0.25)	0.00	(0.12)	0.00	0.00	3.83	(4.65)	13.07
KVHI	1.87	0.00	(0.02)	0.08	2.67	(1.97)	3.93	(4.30)	15.57
GNTX	0.82	0.02	0.02	0.10	0.86	(0.89)	1.42	(1.56)	9.24

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La Jolla Related Correlations

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