Legrand SA Correlations

LGRDY Stock

USD 20.12 0.11 0.55%

The current 90-days correlation between Legrand SA ADR and nVent Electric PLC is 0.17 (i.e., Average diversification). The correlation of Legrand SA 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.

Legrand SA Correlation With Market

Very weak diversification

The correlation between Legrand SA ADR and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legrand SA ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Legrand Pink Sheet

0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Legrand Pink Sheet

0.46	MIELF	Mitsubishi Electric	Pair Corr
0.43	2457	Phihong Technology	Pair Corr
0.4	VRT	Vertiv Holdings Downward Rally	Pair Corr
0.39	MIELY	Mitsubishi Electric Corp	Pair Corr
0.39	STI	Solidion Technology Symbol Change	Pair Corr
0.7	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.67	BAC	Bank of America Aggressive Push	Pair Corr
0.58	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.53	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.49	WMT	Walmart Aggressive Push	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.36	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	FREY	NVT	HUBB	AEIS	VRT	ENR	NEOV	HAYW	ESP	NVX
FREY		0.52	0.38	0.6	0.62	0.73	0.9	0.55	0.25	0.25	FREY
NVT	0.52		0.94	0.83	0.92	0.65	0.49	0.76	0.78	0.72	NVT
HUBB	0.38	0.94		0.72	0.91	0.54	0.42	0.66	0.86	0.76	HUBB
AEIS	0.6	0.83	0.72		0.76	0.71	0.46	0.82	0.67	0.64	AEIS
VRT	0.62	0.92	0.91	0.76		0.78	0.69	0.76	0.82	0.72	VRT
ENR	0.73	0.65	0.54	0.71	0.78		0.68	0.7	0.54	0.54	ENR
NEOV	0.9	0.49	0.42	0.46	0.69	0.68		0.55	0.34	0.24	NEOV
HAYW	0.55	0.76	0.66	0.82	0.76	0.7	0.55		0.69	0.48	HAYW
ESP	0.25	0.78	0.86	0.67	0.82	0.54	0.34	0.69		0.82	ESP
NVX	0.25	0.72	0.76	0.64	0.72	0.54	0.24	0.48	0.82		NVX
	FREY	NVT	HUBB	AEIS	VRT	ENR	NEOV	HAYW	ESP	NVX

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Risk-Adjusted Indicators

There is a big difference between Legrand Pink Sheet performing well and Legrand SA 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 Legrand SA'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
FREY	5.57	0.59	0.25	0.20	4.67	(6.99)	13.17	(8.70)	79.43
NVT	1.69	0.06	0.07	0.15	2.15	(1.89)	3.19	(2.34)	13.93
HUBB	1.28	0.10	0.12	0.18	1.35	(1.43)	3.09	(2.12)	10.41
AEIS	1.50	(0.11)	0.00	0.06	1.89	(1.57)	3.85	(2.92)	9.74
VRT	2.32	0.70	0.29	0.45	2.16	(2.64)	5.87	(3.65)	16.98
ENR	1.07	0.34	0.17	1.60	1.06	(1.28)	2.67	(1.29)	12.72
NEOV	4.44	1.18	0.23	1.27	4.55	(5.01)	11.11	(7.32)	21.90
HAYW	1.35	0.10	0.04	0.27	1.29	(1.62)	4.12	(2.23)	8.61
ESP	2.16	0.37	0.15	0.57	2.00	(2.48)	4.89	(3.29)	26.01
NVX	4.24	0.04	0.06	0.14	3.73	(5.96)	12.07	(6.31)	27.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Legrand SA 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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Legrand SA Corporate Management

Virginie Gatin	Exec Responsibility	Profile
Bndicte Bahier	Ex HR	Profile
Philippe Weber	Deputy Div	Profile
Gloria Glang	Ex Devel	Profile
Ronan Marc	Investor Officer	Profile

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