Lloyds Banking Correlations

L1YG34 Stock

BRL 17.94 0.44 2.39%

The current 90-days correlation between Lloyds Banking Group and Delta Air Lines is -0.05 (i.e., Good diversification). The correlation of Lloyds Banking 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.

Lloyds Banking Correlation With Market

Significant diversification

The correlation between Lloyds Banking Group 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 Lloyds Banking Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lloyds Stock

0.68	L2PL34	LPL Financial Holdings	Pair Corr
0.75	D1FS34	Discover Financial	Pair Corr

Moving against Lloyds Stock

0.68	RBDS11	RB Capital Development	Pair Corr
0.46	MWET4	Wetzel SA	Pair Corr
0.42	CXRI11	CXFI Caixa	Pair Corr
0.37	W1MC34	Waste Management	Pair Corr

Related Correlations Analysis

	A2SO34	W1AB34	MATD3	DEAI34	C2RS34	XRAY34	P1NR34
A2SO34		-0.18	-0.54	0.11	-0.81	0.61	-0.61	A2SO34
W1AB34	-0.18		-0.41	0.7	-0.03	-0.38	0.52	W1AB34
MATD3	-0.54	-0.41		-0.58	0.72	-0.1	-0.12	MATD3
DEAI34	0.11	0.7	-0.58		-0.32	0.05	0.31	DEAI34
C2RS34	-0.81	-0.03	0.72	-0.32		-0.53	0.35	C2RS34
XRAY34	0.61	-0.38	-0.1	0.05	-0.53		-0.64	XRAY34
P1NR34	-0.61	0.52	-0.12	0.31	0.35	-0.64		P1NR34
	A2SO34	W1AB34	MATD3	DEAI34	C2RS34	XRAY34	P1NR34

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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

C2RS34	+ 0.72	MATD3
DEAI34	+ 0.7	W1AB34
XRAY34	+ 0.61	A2SO34
P1NR34	+ 0.52	W1AB34
P1NR34	+ 0.35	C2RS34
P1NR34	+ 0.31	DEAI34

High negative correlations

C2RS34	- 0.81	A2SO34
P1NR34	- 0.64	XRAY34
P1NR34	- 0.61	A2SO34
DEAI34	- 0.58	MATD3
MATD3	- 0.54	A2SO34
XRAY34	- 0.53	C2RS34

Risk-Adjusted Indicators

There is a big difference between Lloyds Stock performing well and Lloyds Banking 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 Lloyds Banking'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
A2SO34	1.15	0.20	0.00	(0.56)	0.00	0.00	7.29	(2.12)	13.76
W1AB34	1.06	0.15	0.08	0.49	0.99	(1.45)	2.59	(1.62)	7.13
MATD3	2.08	(0.17)	0.00	(0.16)	0.00	0.00	5.11	(4.05)	11.62
DEAI34	1.64	0.33	0.11	(1.36)	1.48	(2.36)	5.86	(3.05)	12.26
C2RS34	1.92	(0.23)	0.00	(0.35)	0.00	0.00	7.12	(8.35)	18.20
XRAY34	0.02	(0.01)	0.00	1.20	0.00	0.00	0.00	0.00	0.49
P1NR34	0.76	0.18	0.04	(0.85)	0.85	(1.77)	2.65	(1.90)	12.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lloyds Banking 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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Lloyds Banking Corporate Management

Elected by the shareholders, the Lloyds Banking's board of directors comprises two types of representatives: Lloyds Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lloyds. The board's role is to monitor Lloyds Banking's management team and ensure that shareholders' interests are well served. Lloyds Banking's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lloyds Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Oldfield	Interim Banking	Profile
Eduardo Cunha	Head Market	Profile
Letitia Smith	Compliance Conduct	Profile
Matt Smith	Head Relations	Profile
Carla Silva	Corp Strategy	Profile
Catherine Cheetham	Company Counsel	Profile

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