LANSON BCC Correlations

GQ6 Stock

EUR 35.00 0.20 0.57%

The correlation of LANSON BCC 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.

LANSON BCC Correlation With Market

Significant diversification

The correlation between LANSON BCC INH EO 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 LANSON BCC INH EO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LANSON Stock

0.9	28Q	Altia Oyj	Pair Corr
0.75	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.74	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.7	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.71	PQ9	PT Bank Mandiri	Pair Corr
0.87	PQ9	BANK MANDIRI	Pair Corr

Moving against LANSON Stock

0.91	1T1	TechnipFMC PLC	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.87	ZYA	State Street	Pair Corr
0.66	SAP	SAP SE	Pair Corr
0.61	AIR	Airbus SE	Pair Corr
0.56	E908	Lyxor 1	Pair Corr
0.55	6EQ	EQT AB	Pair Corr
0.51	DBPE	Xtrackers LevDAX	Pair Corr
0.44	ZCG	BJs Restaurants	Pair Corr
0.37	9TG0	GAZTRTECHNIUADR1/5EO01	Pair Corr

Related Correlations Analysis

	A2P	HNC	AY5	E6Q	F51	DFA1	72S	3TY
A2P		0.0	-0.45	0.87	0.06	-0.51	0.49	0.56	A2P
HNC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HNC
AY5	-0.45	0.0		-0.48	0.16	0.18	-0.35	-0.14	AY5
E6Q	0.87	0.0	-0.48		0.05	-0.38	0.66	0.52	E6Q
F51	0.06	0.0	0.16	0.05		-0.46	-0.03	0.04	F51
DFA1	-0.51	0.0	0.18	-0.38	-0.46		-0.13	0.0	DFA1
72S	0.49	0.0	-0.35	0.66	-0.03	-0.13		0.44	72S
3TY	0.56	0.0	-0.14	0.52	0.04	0.0	0.44		3TY
	A2P	HNC	AY5	E6Q	F51	DFA1	72S	3TY

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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

E6Q	+ 0.87	A2P
72S	+ 0.66	E6Q
3TY	+ 0.56	A2P
3TY	+ 0.52	E6Q
72S	+ 0.49	A2P
3TY	+ 0.44	72S

High negative correlations

DFA1	- 0.51	A2P
E6Q	- 0.48	AY5
DFA1	- 0.46	F51
AY5	- 0.45	A2P
DFA1	- 0.38	E6Q
72S	- 0.35	AY5

Risk-Adjusted Indicators

There is a big difference between LANSON Stock performing well and LANSON BCC 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 LANSON BCC'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
A2P	2.27	0.75	0.26	(1.97)	1.78	(2.98)	7.26	(3.10)	16.40
HNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AY5	0.98	(0.10)	0.00	(0.24)	0.00	0.00	1.25	(2.41)	10.98
E6Q	1.79	0.35	0.12	88.60	1.79	(2.16)	4.42	(3.20)	14.70
F51	1.59	(0.05)	0.00	(0.04)	0.00	0.00	4.88	(3.40)	13.09
DFA1	1.52	(0.04)	(0.04)	0.02	1.83	(1.94)	3.03	(2.80)	9.85
72S	1.26	0.12	0.02	1.72	1.54	(1.63)	2.83	(2.34)	8.62
3TY	2.56	0.39	0.12	1.88	2.07	(4.09)	6.29	(3.76)	18.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in LANSON BCC 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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