Loans4LessCom Correlations
| LFLS Stock | USD 0.07 0.00 0.00% |
The current 90-days correlation between Loans4LessCom and Quinsam Capital Corp is 0.01 (i.e., Significant diversification). The correlation of Loans4LessCom 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.
Loans4LessCom Correlation With Market
Very good diversification
The correlation between Loans4LessCom and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loans4LessCom and DJI in the same portfolio, assuming nothing else is changed.
Loans4LessCom |
The ability to find closely correlated positions to Loans4LessCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loans4LessCom 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 Loans4LessCom - 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 Loans4LessCom to buy it.
Moving together with Loans4LessCom Pink Sheet
| 0.8 | COOP | Mr Cooper Group | PairCorr |
| 0.83 | SMFG | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.81 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.62 | KB | KB Financial Group | PairCorr |
| 0.76 | MFG | Mizuho Financial | PairCorr |
| 0.64 | MZHOF | Mizuho Financial | PairCorr |
| 0.61 | SHG | Shinhan Financial | PairCorr |
| 0.74 | BORR | Borr Drilling | PairCorr |
| 0.63 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.89 | JNJ | Johnson Johnson | PairCorr |
| 0.78 | AER | AerCap Holdings NV | PairCorr |
| 0.85 | NAUT | Nautilus Biotechnology | PairCorr |
| 0.79 | DNGFF | Dongfang ElectricLimited | PairCorr |
| 0.65 | NGENF | NervGen Pharma Corp | PairCorr |
| 0.7 | TGS | Transportadora de Gas | PairCorr |
| 0.73 | TGI | Triumph Group | PairCorr |
| 0.73 | ATRO | Astronics | PairCorr |
Moving against Loans4LessCom Pink Sheet
| 0.91 | FNMAT | Federal National Mortgage | PairCorr |
| 0.9 | FNMFN | Federal National Mortgage | PairCorr |
| 0.89 | FNMAS | Federal National Mortgage | PairCorr |
| 0.87 | FMCCT | Federal Home Loan | PairCorr |
| 0.85 | FNMAI | Federal National Mortgage | PairCorr |
| 0.67 | FNMAM | Federal National Mortgage | PairCorr |
| 0.65 | FNMAN | Federal National Mortgage | PairCorr |
| 0.48 | UWMC | UWM Holdings Corp Potential Growth | PairCorr |
| 0.67 | KTRIF | KTRIF | PairCorr |
| 0.46 | TATT | Tat Techno | PairCorr |
| 0.39 | BASE | Couchbase | PairCorr |
| 0.65 | ADVWW | Advantage Solutions | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Loans4LessCom Pink Sheet performing well and Loans4LessCom 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 Loans4LessCom'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQFD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IBKKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LZGI | 8.82 | 3.00 | 0.00 | 10.58 | 0.00 | 0.00 | 150.00 | |||
| QCAAF | 0.21 | (0.06) | 0.00 | 0.92 | 0.00 | 0.00 | 6.56 | |||
| NGRC | 8.13 | 0.51 | 0.03 | 0.21 | 10.71 | 33.33 | 130.48 | |||
| AVVH | 11.38 | 1.36 | 0.10 | 1.12 | 11.08 | 28.57 | 74.24 | |||
| FORW | 6.71 | (0.37) | 0.00 | (0.13) | 0.00 | 16.00 | 59.11 | |||
| FUNR | 15.78 | 2.49 | 0.06 | (0.38) | 16.58 | 50.00 | 133.33 | |||
| NDEV | 12.47 | 0.90 | 0.05 | (0.90) | 13.37 | 43.13 | 95.63 | |||
| MVCO | 9.00 | 1.18 | 0.09 | 0.95 | 8.55 | 15.38 | 81.25 |
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