Legal General Correlations
| LGGNY Stock | USD 13.90 0.03 0.22% |
The current 90-days correlation between Legal General Group and Skechers USA is -0.07 (i.e., Good diversification). The correlation of Legal General 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.
Legal General Correlation With Market
Good diversification
The correlation between Legal General Group and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legal General Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Legal General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legal General 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 Legal General - 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 Legal General Group to buy it.
Moving together with Legal Pink Sheet
| 0.81 | IVSBF | Investor AB ser | PairCorr |
| 0.83 | BKRKY | Bank Rakyat | PairCorr |
| 0.86 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.74 | PBCRY | Bank Central Asia | PairCorr |
| 0.65 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.89 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.73 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Legal Pink Sheet
| 0.8 | JPHLF | Japan Post Holdings | PairCorr |
| 0.7 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | APO | Apollo Global Management | PairCorr |
| 0.66 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.64 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.6 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.58 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.56 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.49 | ARES | Ares Management LP Normal Trading | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.7 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.54 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.53 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.52 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.49 | T | ATT Inc Aggressive Push | PairCorr |
| 0.46 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.46 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Legal Pink Sheet performing well and Legal General 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 Legal General'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTX | 1.30 | (0.04) | 0.04 | 0.08 | 1.29 | 2.94 | 11.90 | |||
| NTGR | 2.35 | 0.56 | 0.29 | 0.55 | 1.60 | 5.28 | 34.60 | |||
| SKX | 1.54 | (0.19) | 0.00 | (0.31) | 0.00 | 3.71 | 13.33 | |||
| ARW | 1.24 | (0.32) | 0.00 | (0.11) | 0.00 | 2.56 | 15.96 | |||
| ADI | 1.57 | (0.23) | 0.00 | (0.05) | 0.00 | 2.90 | 9.39 | |||
| NUVL | 2.24 | 0.08 | 0.05 | 0.15 | 2.69 | 3.84 | 36.85 | |||
| LECO | 1.40 | (0.07) | 0.00 | 0.06 | 1.48 | 3.09 | 9.04 | |||
| PSFE | 2.03 | (0.37) | 0.00 | (0.11) | 0.00 | 5.19 | 31.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Legal General 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.Did you try this?
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Legal General Corporate Management
| Debbie Matthews | Head Office | Profile | |
| Robert BarnardSmith | Head LGIM | Profile | |
| Edward Houghton | Head Relations | Profile | |
| Geoffrey Timms | Group General Counsel, Company Secretary | Profile | |
| Sharon Niebergall | Distribution Management | Profile | |
| Ted Hart | Head Policy | Profile |