LG ELECTRONICS Correlations

LGLD Stock

15.20 0.10 0.66%

The current 90-days correlation between LG ELECTRONICS INC and Central Asia Metals is 0.1 (i.e., Average diversification). The correlation of LG ELECTRONICS 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.

LG ELECTRONICS Correlation With Market

Good diversification

The correlation between LG ELECTRONICS INC and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG ELECTRONICS INC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LGLD Stock

0.66	ANTO	Antofagasta PLC	Pair Corr
0.67	ATYM	Atalaya Mining	Pair Corr
0.69	AMRQ	Amaroq Minerals	Pair Corr
0.7	TRT	Transense Technologies	Pair Corr
0.64	0IXT	Latecoere SA	Pair Corr
0.7	0M1K	Travel Leisure	Pair Corr
0.66	HSBK	Halyk Bank	Pair Corr
0.72	SLP	Sylvania Platinum	Pair Corr
0.71	FEML	Fidelity Emerging Markets	Pair Corr
0.71	IIG	Intuitive Investments	Pair Corr
0.69	0R07	Pan American Silver	Pair Corr
0.66	LLPC	Lloyds Banking Group	Pair Corr

Moving against LGLD Stock

0.53	0QPS	Givaudan SA	Pair Corr
0.4	0K7V	News Corp Cl	Pair Corr

Related Correlations Analysis

	CAML	FMET	0A95	0HC3	0Y5X	WIZZ	MTLN
CAML		-0.67	0.36	0.65	-0.65	0.81	0.0	CAML
FMET	-0.67		-0.13	-0.59	0.46	-0.65	-0.19	FMET
0A95	0.36	-0.13		0.48	-0.33	0.14	-0.37	0A95
0HC3	0.65	-0.59	0.48		-0.17	0.71	-0.03	0HC3
0Y5X	-0.65	0.46	-0.33	-0.17		-0.45	0.26	0Y5X
WIZZ	0.81	-0.65	0.14	0.71	-0.45		0.17	WIZZ
MTLN	0.0	-0.19	-0.37	-0.03	0.26	0.17		MTLN
	CAML	FMET	0A95	0HC3	0Y5X	WIZZ	MTLN

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

WIZZ	+ 0.81	CAML
WIZZ	+ 0.71	0HC3
0HC3	+ 0.65	CAML
0HC3	+ 0.48	0A95
0Y5X	+ 0.46	FMET
0A95	+ 0.36	CAML

High negative correlations

FMET	- 0.67	CAML
WIZZ	- 0.65	FMET
0Y5X	- 0.65	CAML
0HC3	- 0.59	FMET
WIZZ	- 0.45	0Y5X
MTLN	- 0.37	0A95

Risk-Adjusted Indicators

There is a big difference between LGLD Stock performing well and LG ELECTRONICS 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 LG ELECTRONICS'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
CAML	1.19	0.35	0.15	1.58	1.26	(1.35)	2.65	(2.19)	8.32
FMET	2.04	0.03	(0.01)	0.18	2.81	(4.88)	4.65	(6.72)	29.15
0A95	1.80	(0.37)	0.00	(1.26)	0.00	0.00	3.37	(3.52)	9.62
0HC3	2.06	(0.11)	(0.04)	(0.01)	2.44	(2.42)	4.77	(3.62)	11.51
0Y5X	0.94	(0.18)	0.00	(0.22)	0.00	0.00	2.11	(1.94)	7.94
WIZZ	1.87	0.10	0.02	0.34	2.24	(1.96)	5.04	(4.17)	11.93
MTLN	2.06	(0.13)	0.00	(0.23)	0.00	0.00	4.21	(5.42)	11.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in LG ELECTRONICS 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?

Run Sectors Now

Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC