Live Motion Correlations
| LMG Stock | 1.35 0.02 1.50% |
The current 90-days correlation between Live Motion Games and Creativeforge Games SA is -0.21 (i.e., Very good diversification). The correlation of Live Motion 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.
Live Motion Correlation With Market
Significant diversification
The correlation between Live Motion Games and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Motion Games and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Live Motion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Live Motion 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 Live Motion - 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 Live Motion Games to buy it.
Moving together with Live Stock
| 0.8 | CFG | Creativeforge Games | PairCorr |
| 0.66 | ECC | ECC Games SA | PairCorr |
| 0.76 | CCE | Clean Carbon Energy | PairCorr |
| 0.87 | VEE | Vee SA | PairCorr |
Moving against Live Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Live Stock performing well and Live Motion 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 Live Motion'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFG | 3.37 | (0.64) | 0.00 | 5.54 | 0.00 | 8.76 | 27.49 | |||
| ECC | 4.28 | (0.74) | 0.00 | 4.42 | 0.00 | 9.43 | 31.48 | |||
| ABS | 1.35 | (0.09) | 0.00 | (0.70) | 0.00 | 2.74 | 7.14 | |||
| DEG | 2.45 | (0.91) | 0.00 | (8.27) | 0.00 | 4.84 | 24.52 | |||
| ASE | 1.02 | (0.07) | 0.00 | (0.26) | 0.00 | 2.01 | 6.67 | |||
| MOV | 1.26 | (0.34) | 0.00 | 4.18 | 0.00 | 2.65 | 13.92 | |||
| ETFBM40TR | 0.73 | (0.05) | 0.00 | (0.46) | 0.00 | 1.38 | 4.48 | |||
| IGT | 2.28 | (0.15) | 0.00 | 0.55 | 0.00 | 4.17 | 18.04 | |||
| PCF | 1.92 | (0.97) | 0.00 | (2.54) | 0.00 | 1.89 | 16.09 | |||
| MIL | 1.58 | (0.08) | 0.00 | (0.34) | 0.00 | 2.92 | 9.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Live Motion 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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