Lee Correlations
| LMP Stock | EUR 0.43 0.01 2.38% |
The current 90-days correlation between Lee and Man and Abbott Laboratories is -0.12 (i.e., Good diversification). The correlation of Lee 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.
Lee Correlation With Market
Poor diversification
The correlation between Lee and Man and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lee and Man and DJI in the same portfolio, assuming nothing else is changed.
Lee |
The ability to find closely correlated positions to Lee could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lee 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 Lee - 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 Lee and Man to buy it.
Moving together with Lee Stock
| 0.84 | 6MK | Merck | PairCorr |
| 0.87 | 4I1 | Philip Morris Intern | PairCorr |
| 0.94 | TOTB | TotalEnergies SE | PairCorr |
| 0.79 | AMG | Amgen Inc | PairCorr |
| 0.74 | HBC1 | HSBC HLDG Earnings Call This Week | PairCorr |
| 0.61 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | BKE1 | BK NEGARA INDO | PairCorr |
| 0.84 | SSUN | Samsung Electronics | PairCorr |
| 0.86 | SSU | Samsung Electronics | PairCorr |
| 0.8 | PU7 | PulteGroup | PairCorr |
| 0.77 | BSI | BE Semiconductor Ind | PairCorr |
| 0.66 | ZNHH | China Southern Airlines | PairCorr |
| 0.67 | ADH2 | Air Canada | PairCorr |
| 0.81 | RATV | Raisio plc | PairCorr |
| 0.81 | G40 | GDS Holdings Limited | PairCorr |
| 0.66 | LVN | CP ALL Public | PairCorr |
| 0.92 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.93 | CPA | Colgate Palmolive | PairCorr |
| 0.92 | TQI | TELECOM ITALIA | PairCorr |
Moving against Lee Stock
| 0.75 | ABL | Abbott Laboratories | PairCorr |
| 0.65 | DAP | DANAHER (DAPSG) | PairCorr |
| 0.73 | BZG2 | PT Bank Central | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Lee Stock performing well and Lee 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 Lee'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.08 | (0.18) | 0.00 | 0.35 | 0.00 | 1.91 | 14.56 | |||
| DAP | 1.25 | (0.08) | 0.00 | 0.31 | 0.00 | 2.32 | 8.54 | |||
| 6MK | 1.31 | 0.41 | 0.20 | (0.96) | 1.22 | 3.38 | 8.41 | |||
| AMD | 2.62 | (0.26) | 0.00 | 0.75 | 0.00 | 6.13 | 24.55 | |||
| 4I1 | 1.13 | 0.25 | 0.12 | (2.76) | 1.23 | 2.89 | 7.67 | |||
| W8V | 1.56 | 0.02 | 0.00 | 0.10 | 2.79 | 2.08 | 24.03 | |||
| TOTB | 0.95 | 0.26 | 0.17 | 6.47 | 0.87 | 2.23 | 5.97 | |||
| AMG | 1.45 | 0.19 | 0.05 | (0.40) | 1.62 | 3.66 | 10.69 | |||
| HBC1 | 1.12 | 0.26 | 0.13 | 1.16 | 1.28 | 2.99 | 8.75 | |||
| HK2C | 0.38 | (0.10) | 0.00 | (1.21) | 0.00 | 1.27 | 3.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lee 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Lee Corporate Management
Elected by the shareholders, the Lee's board of directors comprises two types of representatives: Lee inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lee. The board's role is to monitor Lee's management team and ensure that shareholders' interests are well served. Lee's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lee's outside directors are responsible for providing unbiased perspectives on the board's policies.