LG Clean Correlations

GLUG Etf

CHF 17.66 0.12 0.68%

The current 90-days correlation between LG Clean Water and UBS ETF SMIM is -0.09 (i.e., Good diversification). The correlation of LG Clean 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.

LG Clean Correlation With Market

Very poor diversification

The correlation between LG Clean Water and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG Clean Water and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GLUG Etf

0.89	IH2O	iShares Global Water	Pair Corr
0.81	LYWAT	Lyxor MSCI Water	Pair Corr
0.93	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.93	CSNKY	iShares VII PLC	Pair Corr
0.9	EIMI	iShares Core MSCI	Pair Corr
0.88	MSE	Amundi EURO STOXX	Pair Corr
0.84	MIDD	iShares FTSE 250	Pair Corr
0.82	EUN	iShares STOXX Europe	Pair Corr
0.87	PEHH	Invesco FTSE RAFI	Pair Corr
0.75	XMKO	Xtrackers MSCI Korea	Pair Corr
0.9	QDIV	iShares MSCI USA	Pair Corr
0.9	FLXK	Franklin FTSE Korea	Pair Corr
0.87	HIWO	HSBC MSCI World	Pair Corr
0.94	IJPN	iShares MSCI Japan	Pair Corr
0.84	ESGEMD	UBSFund Solutions	Pair Corr
0.85	MLPD	Invesco Morningstar	Pair Corr
0.93	OIH	VanEck Oil Services	Pair Corr
0.91	GLDV	SPDR SP Global	Pair Corr
0.85	ESGO	AuAg Gold Mining	Pair Corr
0.8	GDXJ	VanEck Junior Gold	Pair Corr
0.8	AGGU	iShares Core Global	Pair Corr
0.85	IUKP	iShares UK Property	Pair Corr
0.62	TDXPEX	iShares TecDAX UCITS	Pair Corr
0.91	C2MV	Ossiam Europe ESG	Pair Corr
0.87	FACH	Invesco High Yield	Pair Corr
0.91	JPSA	JPM USD Ultra	Pair Corr
0.9	IEMS	iShares MSCI EM	Pair Corr
0.88	LYMEU	Lyxor MSCI Europe	Pair Corr
0.8	CNYA	iShares MSCI China	Pair Corr
0.89	DJMC	iShares EURO STOXX	Pair Corr
0.81	EUNE	iShares Core EURO	Pair Corr

Moving against GLUG Etf

0.46	IEAC	iShares Core Corp	Pair Corr
0.4	VUSA	Vanguard SP 500	Pair Corr

Related Correlations Analysis

	VWRL	WCOS	ZGLDGB	SX7EEX	CBMDAX	IBZL	SMMCHA
VWRL		0.21	-0.01	0.66	0.62	0.45	0.6	VWRL
WCOS	0.21		0.14	0.55	0.73	0.48	0.82	WCOS
ZGLDGB	-0.01	0.14		0.14	0.11	0.15	0.1	ZGLDGB
SX7EEX	0.66	0.55	0.14		0.8	0.86	0.81	SX7EEX
CBMDAX	0.62	0.73	0.11	0.8		0.73	0.93	CBMDAX
IBZL	0.45	0.48	0.15	0.86	0.73		0.77	IBZL
SMMCHA	0.6	0.82	0.1	0.81	0.93	0.77		SMMCHA
	VWRL	WCOS	ZGLDGB	SX7EEX	CBMDAX	IBZL	SMMCHA

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

SMMCHA	+ 0.93	CBMDAX
IBZL	+ 0.86	SX7EEX
SMMCHA	+ 0.82	WCOS
SMMCHA	+ 0.81	SX7EEX
CBMDAX	+ 0.8	SX7EEX
SMMCHA	+ 0.77	IBZL

High negative correlations

ZGLDGB

- 0.01

VWRL

LG Clean Constituents Risk-Adjusted Indicators

There is a big difference between GLUG Etf performing well and LG Clean ETF 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 LG Clean'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
VWRL	0.53	0.04	(0.06)	0.25	0.58	(0.57)	0.92	(1.07)	2.85
WCOS	0.60	0.20	0.14	4.59	0.13	(0.77)	1.96	(0.92)	4.06
ZGLDGB	1.50	0.39	0.00	3.37	0.00	0.00	0.75	(0.34)	41.03
SX7EEX	1.01	0.21	0.07	2.03	1.20	(1.10)	1.85	(2.00)	6.27
CBMDAX	0.45	0.12	0.01	2.72	0.42	(0.73)	1.29	(1.65)	3.29
IBZL	0.01	0.00	0.00	0.77	0.00	0.00	0.00	0.00	0.33
SMMCHA	0.47	0.15	0.07	16.24	0.32	(0.54)	1.14	(0.97)	3.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in LG Clean 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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