LS Electric Correlations

010120 Stock   131,700  400.00  0.30%   
The current 90-days correlation between LS Electric and Samsung Electronics Co is 0.08 (i.e., Significant diversification). The correlation of LS Electric 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.
  
The ability to find closely correlated positions to LS Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LS Electric 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 LS Electric - 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 LS Electric to buy it.

Moving together with 010120 Stock

  0.63950130 Access BioPairCorr
  0.7222800 SIMMTECHPairCorr

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   
005930005935
005385005387
005385005380
005380005387
005490005387
000270005380
  
High negative correlations   
066570105560
000270105560
105560005930
105560005935
005490105560
105560005385

Risk-Adjusted Indicators

There is a big difference between 010120 Stock performing well and LS Electric 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 LS Electric'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
005935  1.53 (0.35) 0.00  2.09  0.00 
 2.74 
 8.55 
005930  1.65  0.00  0.00  0.00  0.00 
 3.94 
 8.99 
005387  1.46  0.12 (0.04)(0.05) 1.82 
 3.40 
 10.97 
005380  1.80 (0.08) 0.00  0.30  0.00 
 3.80 
 11.00 
005385  1.33  0.03  0.00  0.05  0.00 
 3.99 
 9.37 
105560  1.99  0.25  0.06  1.77  2.21 
 4.74 
 13.12 
005490  2.10 (0.05) 0.00  0.24  0.00 
 4.82 
 17.75 
066570  1.43 (0.03) 0.00  4.07  0.00 
 2.82 
 11.85 
000270  1.60 (0.03) 0.00  0.24  0.00 
 3.02 
 8.19 

Be your own money manager

Our tools can tell you how much better you can do entering a position in LS Electric 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.

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LS Electric Corporate Management

Elected by the shareholders, the LS Electric's board of directors comprises two types of representatives: LS Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 010120. The board's role is to monitor LS Electric's management team and ensure that shareholders' interests are well served. LS Electric'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, LS Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.