LG ELECTRONICS Correlations

LGLD Stock

17.10 0.00 0.00%

The current 90-days correlation between LG ELECTRONICS INC and Ferrexpo PLC is 0.03 (i.e., Significant 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

Poor diversification

The correlation between LG ELECTRONICS INC and DJI is 0.75 (i.e., Poor 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

0.72	TTST	Tata Steel Limited	Pair Corr
0.86	ANTO	Antofagasta PLC Earnings Call This Week	Pair Corr
0.85	ATYM	Atalaya Mining	Pair Corr
0.82	THX	Thor Explorations	Pair Corr
0.81	MTL	Metals Exploration Plc	Pair Corr
0.83	AMRQ	Amaroq Minerals	Pair Corr
0.86	SMSD	Samsung Electronics	Pair Corr
0.85	BC94	Samsung Electronics	Pair Corr
0.85	SMSN	Samsung Electronics	Pair Corr
0.82	TYT	Toyota Motor Corp	Pair Corr
0.85	ECOR	Ecora Resources PLC	Pair Corr
0.72	0N9K	Elmos Semiconductor	Pair Corr
0.72	0HGR	Applied Industrial	Pair Corr
0.65	BME	BM European Value	Pair Corr
0.71	PRTC	PureTech Health plc	Pair Corr
0.83	PLUS	Plus500 Earnings Call This Week	Pair Corr
0.83	SMT	Scottish Mortgage	Pair Corr
0.68	DOM	Dominos Pizza Group	Pair Corr
0.76	0KDH	Ormat Technologies	Pair Corr
0.67	0DTF	Boiron SA	Pair Corr
0.72	0RP0	Tikehau Capital SCA Earnings Call This Week	Pair Corr
0.77	WEIR	Weir Group PLC	Pair Corr
0.8	PCFT	Polar Capital Global Earnings Call This Week	Pair Corr
0.7	0QWA	Logista	Pair Corr
0.64	0QGU	CNH Industrial NV Earnings Call This Week	Pair Corr
0.86	JEDT	JPMorgan Euro Small	Pair Corr
0.74	SDR	Schroders PLC	Pair Corr

Moving against LGLD Stock

0.73	0QPS	Givaudan SA	Pair Corr
0.7	RIGD	Reliance Industries	Pair Corr
0.32	0H3T	Deutsche Boerse AG	Pair Corr

Related Correlations Analysis

	TTST	ANTO	0QPS	0QJS	ATYM	EVR	THX	MTL	FXPO
TTST		0.8	-0.56	0.62	0.74	0.0	0.73	0.64	0.21	TTST
ANTO	0.8		-0.76	0.55	0.97	0.0	0.88	0.9	0.56	ANTO
0QPS	-0.56	-0.76		-0.4	-0.76	0.0	-0.71	-0.67	-0.6	0QPS
0QJS	0.62	0.55	-0.4		0.44	0.0	0.52	0.41	0.39	0QJS
ATYM	0.74	0.97	-0.76	0.44		0.0	0.91	0.92	0.62	ATYM
EVR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EVR
THX	0.73	0.88	-0.71	0.52	0.91	0.0		0.9	0.58	THX
MTL	0.64	0.9	-0.67	0.41	0.92	0.0	0.9		0.61	MTL
FXPO	0.21	0.56	-0.6	0.39	0.62	0.0	0.58	0.61		FXPO
	TTST	ANTO	0QPS	0QJS	ATYM	EVR	THX	MTL	FXPO

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

ATYM	+ 0.97	ANTO
MTL	+ 0.92	ATYM
THX	+ 0.91	ATYM
MTL	+ 0.9	ANTO
MTL	+ 0.9	THX
THX	+ 0.88	ANTO

High negative correlations

ATYM	- 0.76	0QPS
0QPS	- 0.76	ANTO
THX	- 0.71	0QPS
MTL	- 0.67	0QPS
FXPO	- 0.6	0QPS
0QPS	- 0.56	TTST

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
TTST	2.08	0.10	0.04	0.17	1.88	(2.80)	5.08	(2.93)	11.82
ANTO	2.10	0.42	0.17	0.60	2.18	(2.39)	6.09	(3.69)	12.49
0QPS	1.01	(0.17)	0.00	(0.88)	0.00	0.00	1.75	(2.24)	9.58
0QJS	1.61	0.31	0.16	0.49	1.48	(2.06)	3.36	(2.42)	16.84
ATYM	2.08	0.47	0.15	1.44	2.43	(2.43)	4.95	(3.40)	16.42
EVR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THX	2.75	0.42	0.12	0.39	3.03	(3.17)	5.49	(5.81)	16.63
MTL	2.90	0.33	0.08	0.49	3.05	(3.68)	7.67	(5.41)	19.42
FXPO	3.39	0.56	0.13	0.63	3.64	(3.96)	10.00	(4.82)	35.70

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.

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