LAir Liquide Correlations

AIQUF Stock

USD 166.99 1.18 0.71%

The current 90-days correlation between LAir Liquide SA and Barloworld Ltd ADR is 0.04 (i.e., Significant diversification). The correlation of LAir Liquide 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.

LAir Liquide Correlation With Market

Significant diversification

The correlation between LAir Liquide SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LAir Liquide SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LAir Liquide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LAir Liquide 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 LAir Liquide - 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 LAir Liquide SA to buy it.

Moving together with LAir Pink Sheet

0.99	AIQUY	Air Liquide SA	Pair Corr
0.87	SKFOF	Sika AG	Pair Corr
0.89	SXYAY	Sika AG ADR Potential Growth	Pair Corr
0.92	GVDNY	Givaudan SA ADR	Pair Corr
0.81	PPG	PPG Industries Sell-off Trend	Pair Corr

Moving against LAir Pink Sheet

0.86	ZM	Zoom Video Communications Earnings Call Tomorrow	Pair Corr
0.85	GM	General Motors Aggressive Push	Pair Corr
0.79	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.79	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.75	PPYA	Papaya Growth Opportunity	Pair Corr
0.73	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.72	ADSK	Autodesk	Pair Corr
0.72	RCAT	Red Cat Holdings Trending	Pair Corr
0.66	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.64	NVDA	NVIDIA	Pair Corr
0.55	AIBBU	AIB Acquisition Corp	Pair Corr
0.44	APD	Air Products	Pair Corr
0.43	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	FGPHF	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX
FGPHF		0.65	0.0	0.07	-0.38	0.14	-0.49	0.62	-0.6	-0.28	FGPHF
444859BR2	0.65		0.0	0.35	-0.55	-0.1	-0.62	0.39	-0.35	-0.46	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.07	0.35	0.0		-0.49	-0.41	-0.41	-0.04	0.12	-0.48	BRRAY
MSTSX	-0.38	-0.55	0.0	-0.49		0.29	0.69	0.02	-0.11	0.87	MSTSX
ABHYX	0.14	-0.1	0.0	-0.41	0.29		0.59	-0.03	-0.21	0.43	ABHYX
LBHIX	-0.49	-0.62	0.0	-0.41	0.69	0.59		-0.26	0.15	0.72	LBHIX
SCAXF	0.62	0.39	0.0	-0.04	0.02	-0.03	-0.26		-0.78	-0.05	SCAXF
VIASP	-0.6	-0.35	0.0	0.12	-0.11	-0.21	0.15	-0.78		0.0	VIASP
RRTLX	-0.28	-0.46	0.0	-0.48	0.87	0.43	0.72	-0.05	0.0		RRTLX
	FGPHF	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.87	MSTSX
RRTLX	+ 0.72	LBHIX
LBHIX	+ 0.69	MSTSX
444859BR2	+ 0.65	FGPHF
SCAXF	+ 0.62	FGPHF
LBHIX	+ 0.59	ABHYX

High negative correlations

VIASP	- 0.78	SCAXF
LBHIX	- 0.62	444859BR2
VIASP	- 0.6	FGPHF
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
LBHIX	- 0.49	FGPHF

Risk-Adjusted Indicators

There is a big difference between LAir Pink Sheet performing well and LAir Liquide 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 LAir Liquide'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
FGPHF	7.23	(0.12)	0.00	0.29	0.00	0.00	12.50	(16.00)	41.74
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in LAir Liquide 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 Price Exposure Probability Now

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC