Legion Capital Correlations

LGCP Stock

USD 0.0005 0.00 0.00%

The current 90-days correlation between Legion Capital and Aberdeen International is 0.01 (i.e., Significant diversification). The correlation of Legion Capital 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.

Legion Capital Correlation With Market

Significant diversification

The correlation between Legion Capital 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 Legion Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Legion Pink Sheet

0.77	IVSBF	Investor AB ser	Pair Corr
0.75	IVSXF	Investor AB Normal Trading	Pair Corr
0.71	BK	Bank of New York	Pair Corr
0.64	PPERF	Bank Mandiri Persero	Pair Corr
0.64	PTAIY	Astra International Tbk	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.52	TLK	Telkom Indonesia Tbk	Pair Corr
0.51	APO	Apollo Global Management	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.35	ARES	Ares Management LP	Pair Corr
0.83	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.82	NOEM	CO2 Energy Transition	Pair Corr
0.82	CM	Canadian Imperial Bank	Pair Corr
0.77	GM	General Motors	Pair Corr
0.7	ALVLF	Big Ridge Gold	Pair Corr
0.68	KODK	Eastman Kodak	Pair Corr
0.58	HE	Hawaiian Electric	Pair Corr
0.54	ULTA	Ulta Beauty	Pair Corr
0.53	CHACR	Crane Harbor Acquisition	Pair Corr
0.48	IDN	Intellicheck Mobilisa	Pair Corr
0.4	SHIP	Seanergy Maritime	Pair Corr
0.39	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.39	GSVRF	Guanajuato Silver	Pair Corr
0.32	CURLF	Curaleaf Holdings	Pair Corr
0.84	HL	Hecla Mining	Pair Corr
0.83	APGE	Apogee Therapeutics,	Pair Corr
0.66	BAC	Bank of America	Pair Corr
0.64	EOLS	Evolus Inc	Pair Corr
0.64	REGN	Regeneron Pharmaceuticals	Pair Corr
0.6	DDS	Dillards,	Pair Corr

Related Correlations Analysis

	BNCM	AABVF	QCAAF	MVCO	SFIO	BLGVF	ADIA	IBKKF	AVVH	NNRI
BNCM		0.0	-0.19	-0.14	0.05	0.1	0.0	0.0	0.05	-0.3	BNCM
AABVF	0.0		0.0	-0.04	-0.03	0.0	0.0	0.0	0.0	0.0	AABVF
QCAAF	-0.19	0.0		-0.47	0.65	0.6	-0.59	0.0	-0.26	-0.23	QCAAF
MVCO	-0.14	-0.04	-0.47		-0.51	-0.33	0.7	0.0	0.05	0.33	MVCO
SFIO	0.05	-0.03	0.65	-0.51		0.26	-0.57	0.0	-0.28	-0.21	SFIO
BLGVF	0.1	0.0	0.6	-0.33	0.26		-0.31	0.0	-0.16	-0.69	BLGVF
ADIA	0.0	0.0	-0.59	0.7	-0.57	-0.31		0.0	0.1	0.32	ADIA
IBKKF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IBKKF
AVVH	0.05	0.0	-0.26	0.05	-0.28	-0.16	0.1	0.0		-0.08	AVVH
NNRI	-0.3	0.0	-0.23	0.33	-0.21	-0.69	0.32	0.0	-0.08		NNRI
	BNCM	AABVF	QCAAF	MVCO	SFIO	BLGVF	ADIA	IBKKF	AVVH	NNRI

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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

ADIA	+ 0.7	MVCO
SFIO	+ 0.65	QCAAF
BLGVF	+ 0.6	QCAAF
NNRI	+ 0.33	MVCO
NNRI	+ 0.32	ADIA
BLGVF	+ 0.26	SFIO

High negative correlations

NNRI	- 0.69	BLGVF
ADIA	- 0.59	QCAAF
ADIA	- 0.57	SFIO
SFIO	- 0.51	MVCO
MVCO	- 0.47	QCAAF
BLGVF	- 0.33	MVCO

Risk-Adjusted Indicators

There is a big difference between Legion Pink Sheet performing well and Legion Capital 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 Legion Capital'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
BNCM	3.83	0.28	0.03	0.85	4.68	(10.03)	14.29	(11.39)	39.19
AABVF	6.01	1.70	0.00	1.66	0.00	0.00	0.00	0.00	233.33
QCAAF	0.21	(0.06)	0.00	0.90	0.00	0.00	0.00	0.00	6.56
MVCO	8.87	1.38	0.11	0.92	8.29	(14.79)	15.38	(12.50)	81.25
SFIO	6.79	(0.10)	0.00	(0.12)	0.00	0.00	18.75	(16.67)	47.22
BLGVF	8.49	(0.96)	0.00	(4.61)	0.00	0.00	19.40	(21.00)	60.39
ADIA	12.50	1.75	0.12	0.23	11.98	(21.08)	40.00	(28.57)	86.10
IBKKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVVH	11.38	1.32	0.10	0.62	11.08	(16.48)	28.57	(20.41)	74.24
NNRI	6.68	1.68	0.14	(1.76)	5.92	(16.34)	28.95	(10.34)	55.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in Legion Capital 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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Claudia Correa	Compliance Director	Profile
Jason Plucinak	VP Fin	Profile
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