Lixil Group Correlations

JSGRY Stock

USD 22.83 0.08 0.35%

The current 90-days correlation between Lixil Group Corp and Daikin IndustriesLtd is 0.04 (i.e., Significant diversification). The correlation of Lixil Group 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.

Lixil Group Correlation With Market

Good diversification

The correlation between Lixil Group Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lixil Group Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Lixil Pink Sheet

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0.64	CODGF	Compagnie de Saint	Pair Corr
0.64	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.61	ADSK	Autodesk	Pair Corr
0.6	GM	General Motors Aggressive Push	Pair Corr
0.59	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.58	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.56	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.51	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.49	TT	Trane Technologies plc	Pair Corr
0.48	JCI	Johnson Controls Int Fiscal Year End 10th of December 2024	Pair Corr
0.46	FNMFO	Federal National Mortgage	Pair Corr
0.45	APLD	Applied Blockchain Trending	Pair Corr
0.33	LII	Lennox International	Pair Corr

Related Correlations Analysis

	MAS	CARR	DKILF	LII	NX	TT	FBIN	JCI	CSL
MAS		0.84	0.45	0.29	0.13	0.39	0.92	0.1	0.72	MAS
CARR	0.84		0.52	0.47	0.17	0.62	0.72	0.35	0.8	CARR
DKILF	0.45	0.52		0.03	-0.1	0.25	0.45	0.11	0.51	DKILF
LII	0.29	0.47	0.03		0.65	0.87	0.1	0.81	0.59	LII
NX	0.13	0.17	-0.1	0.65		0.69	-0.07	0.71	0.5	NX
TT	0.39	0.62	0.25	0.87	0.69		0.14	0.92	0.8	TT
FBIN	0.92	0.72	0.45	0.1	-0.07	0.14		-0.17	0.48	FBIN
JCI	0.1	0.35	0.11	0.81	0.71	0.92	-0.17		0.63	JCI
CSL	0.72	0.8	0.51	0.59	0.5	0.8	0.48	0.63		CSL
	MAS	CARR	DKILF	LII	NX	TT	FBIN	JCI	CSL

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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

FBIN	+ 0.92	MAS
JCI	+ 0.92	TT
TT	+ 0.87	LII
CARR	+ 0.84	MAS
JCI	+ 0.81	LII
CSL	+ 0.8	CARR

High negative correlations

JCI	- 0.17	FBIN
NX	- 0.1	DKILF
FBIN	- 0.07	NX

Risk-Adjusted Indicators

There is a big difference between Lixil Pink Sheet performing well and Lixil Group 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 Lixil Group'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
MAS	0.88	(0.04)	(0.08)	0.05	1.16	(0.86)	1.64	(1.94)	6.15
CARR	1.23	0.01	0.02	0.13	1.85	(1.33)	2.39	(1.87)	11.86
DKILF	3.44	0.08	(0.01)	1.97	4.28	(3.76)	7.12	(6.37)	23.64
LII	1.19	0.14	0.06	0.36	1.37	(1.30)	2.66	(2.28)	7.45
NX	2.01	0.13	0.04	0.27	2.55	(2.30)	4.43	(2.75)	32.55
TT	1.02	0.16	0.09	0.31	1.26	(1.11)	2.36	(1.84)	6.50
FBIN	1.29	(0.12)	0.00	(0.03)	0.00	0.00	2.51	(2.72)	10.07
JCI	1.05	0.07	0.13	0.16	0.83	(1.32)	2.49	(1.66)	10.49
CSL	1.28	(0.01)	0.01	0.12	1.90	(1.38)	2.58	(1.93)	12.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lixil Group 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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Lixil Group Corporate Management

Nik Bafana	Chief Staff	Profile
Paul Flowers	Chief Officer	Profile
Yugo Kanazawa	Senior Managing Executive Officer, Chief Digital Officer	Profile
Makoto Yoshitaka	Managing Devel	Profile
Shoko Kimijima	Exec Officer	Profile

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