CSL Correlations

CSLLY Stock

USD 58.19 0.02 0.03%

The current 90-days correlation between CSL and Sanofi is 0.25 (i.e., Modest diversification). The correlation of CSL 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CSL Correlation With Market

Significant diversification

The correlation between CSL and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CSL Pink Sheet

0.82	NONOF	Novo Nordisk AS	Pair Corr
0.69	NVO	Novo Nordisk AS Aggressive Push	Pair Corr
0.92	CMXHF	CSL Limited	Pair Corr
0.64	WOLF	Wolfspeed,	Pair Corr

Moving against CSL Pink Sheet

0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	REGN	Regeneron Pharmaceuticals	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.55	KB	KB Financial Group	Pair Corr
0.48	SHG	Shinhan Financial	Pair Corr
0.39	ARGX	argenx NV ADR	Pair Corr
0.37	VFS	VinFast Auto	Pair Corr
0.34	VRTX	Vertex Pharmaceuticals	Pair Corr
0.7	CHACR	Crane Harbor Acquisition	Pair Corr
0.58	SPGI	SP Global	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.58	BAC	Bank of America	Pair Corr
0.57	RLMD	Relmada Therapeutics	Pair Corr
0.44	NOEM	CO2 Energy Transition	Pair Corr
0.34	KODK	Eastman Kodak	Pair Corr
0.33	HL	Hecla Mining	Pair Corr
0.6	GM	General Motors	Pair Corr
0.47	KYOCF	Kyocera	Pair Corr
0.44	APGE	Apogee Therapeutics,	Pair Corr
0.41	EOLS	Evolus Inc	Pair Corr

Related Correlations Analysis

	SNYNF	SMMNY	GLAXF	MECNY	ARGNF	UCBJF	UCBJY	CHGCY	GNMSF	CHGCF
SNYNF		0.11	0.04	0.0	-0.07	0.01	0.06	-0.09	-0.18	-0.19	SNYNF
SMMNY	0.11		-0.61	0.0	-0.73	0.27	0.34	-0.72	-0.1	-0.67	SMMNY
GLAXF	0.04	-0.61		0.0	0.67	-0.07	-0.08	0.71	0.14	0.61	GLAXF
MECNY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MECNY
ARGNF	-0.07	-0.73	0.67	0.0		0.01	-0.04	0.87	0.29	0.81	ARGNF
UCBJF	0.01	0.27	-0.07	0.0	0.01		0.92	0.13	0.71	0.21	UCBJF
UCBJY	0.06	0.34	-0.08	0.0	-0.04	0.92		0.08	0.69	0.14	UCBJY
CHGCY	-0.09	-0.72	0.71	0.0	0.87	0.13	0.08		0.46	0.92	CHGCY
GNMSF	-0.18	-0.1	0.14	0.0	0.29	0.71	0.69	0.46		0.54	GNMSF
CHGCF	-0.19	-0.67	0.61	0.0	0.81	0.21	0.14	0.92	0.54		CHGCF
	SNYNF	SMMNY	GLAXF	MECNY	ARGNF	UCBJF	UCBJY	CHGCY	GNMSF	CHGCF

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

UCBJY	+ 0.92	UCBJF
CHGCF	+ 0.92	CHGCY
CHGCY	+ 0.87	ARGNF
CHGCF	+ 0.81	ARGNF
CHGCY	+ 0.71	GLAXF
GNMSF	+ 0.71	UCBJF

High negative correlations

ARGNF	- 0.73	SMMNY
CHGCY	- 0.72	SMMNY
CHGCF	- 0.67	SMMNY
GLAXF	- 0.61	SMMNY
CHGCF	- 0.19	SNYNF
GNMSF	- 0.18	SNYNF

Risk-Adjusted Indicators

There is a big difference between CSL Pink Sheet performing well and CSL 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 CSL'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
SNYNF	1.32	0.09	0.01	0.69	1.63	(2.18)	3.30	(3.48)	13.11
SMMNY	1.11	(0.07)	0.00	(0.01)	0.00	0.00	1.93	(2.44)	9.70
GLAXF	2.07	0.34	0.07	10.53	2.41	(2.76)	6.81	(4.97)	16.43
MECNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARGNF	0.45	0.12	0.00	1.51	0.00	0.00	3.01	0.00	9.88
UCBJF	2.86	0.39	0.08	(0.74)	2.90	(3.69)	6.96	(5.65)	23.38
UCBJY	1.74	0.28	0.11	0.54	2.01	(1.98)	3.27	(3.02)	22.06
CHGCY	1.91	0.35	0.15	0.62	1.91	(2.20)	4.13	(2.92)	10.61
GNMSF	1.35	0.22	0.04	1.11	1.83	(2.27)	3.64	(3.75)	15.93
CHGCF	3.47	0.38	0.09	0.51	3.70	(4.07)	8.24	(7.43)	18.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in CSL 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 Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

CSL Corporate Management

Karen Etchberger	Executive VP of Quality and Bus. Services	Profile
Paul McKenzie	Chief Officer	Profile
BCom BComm	Chief Officer	Profile
Wilfried Freudenberg	Department Production	Profile
Christina Hickie	Sr Communications	Profile
BS BS	Exec Counsel	Profile
MS BA	Ex Officer	Profile

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

2025 Macroaxis LLC