Lepanto Consolidated Correlations

LCB Stock

0.07 0 1.52%

The current 90-days correlation between Lepanto Consolidated and Lepanto Consolidated Mining is 0.03 (i.e., Significant diversification). The correlation of Lepanto Consolidated 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.

Lepanto Consolidated Correlation With Market

Average diversification

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

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

Moving together with Lepanto Stock

0.86	LC	Lepanto Consolidated	Pair Corr
0.62	BPI	Bank of the	Pair Corr

Moving against Lepanto Stock

0.6

APL

Apollo Global Capital

Pair Corr

Related Correlations Analysis

	SCC	RRHI	SECB	LC	CNVRG	MAB	CROWN	SM
SCC		0.01	0.45	0.59	0.22	-0.43	0.18	0.05	SCC
RRHI	0.01		0.64	0.19	0.65	-0.41	0.45	0.77	RRHI
SECB	0.45	0.64		0.54	0.79	-0.8	0.33	0.69	SECB
LC	0.59	0.19	0.54		0.39	-0.38	0.39	0.18	LC
CNVRG	0.22	0.65	0.79	0.39		-0.72	0.31	0.52	CNVRG
MAB	-0.43	-0.41	-0.8	-0.38	-0.72		-0.11	-0.38	MAB
CROWN	0.18	0.45	0.33	0.39	0.31	-0.11		0.49	CROWN
SM	0.05	0.77	0.69	0.18	0.52	-0.38	0.49		SM
	SCC	RRHI	SECB	LC	CNVRG	MAB	CROWN	SM

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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

CNVRG	+ 0.79	SECB
SM	+ 0.77	RRHI
SM	+ 0.69	SECB
CNVRG	+ 0.65	RRHI
SECB	+ 0.64	RRHI
LC	+ 0.59	SCC

High negative correlations

MAB	- 0.8	SECB
MAB	- 0.72	CNVRG
MAB	- 0.43	SCC
MAB	- 0.41	RRHI
SM	- 0.38	MAB
MAB	- 0.38	LC

Risk-Adjusted Indicators

There is a big difference between Lepanto Stock performing well and Lepanto Consolidated 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 Lepanto Consolidated'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
SCC	0.81	0.10	(0.04)	(0.38)	0.85	(0.97)	1.92	(1.50)	6.12
RRHI	1.13	(0.03)	0.00	(0.08)	0.00	0.00	2.45	(2.15)	5.34
SECB	1.93	0.53	0.20	8.28	1.68	(2.30)	6.08	(3.44)	14.73
LC	2.66	(0.05)	(0.02)	0.06	2.60	(4.06)	7.46	(4.62)	19.01
CNVRG	1.92	0.17	0.02	(46.59)	2.01	(2.29)	4.78	(2.92)	11.77
MAB	2.86	(0.47)	0.00	(0.51)	0.00	0.00	5.88	(5.88)	27.38
CROWN	1.50	(0.04)	0.00	0.55	0.00	0.00	3.33	(3.23)	10.59
SM	1.23	(0.05)	0.00	0.38	0.00	0.00	2.27	(2.67)	12.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lepanto Consolidated 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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