LOREAL ADR Correlations

LORA Stock

EUR 69.50 1.50 2.11%

The current 90-days correlation between LOREAL ADR 15EO and LOral SA is 0.25 (i.e., Modest diversification). The correlation of LOREAL ADR 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.

LOREAL ADR Correlation With Market

Significant diversification

The correlation between LOREAL ADR 15EO and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOREAL ADR 15EO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LOREAL ADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LOREAL ADR 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 LOREAL ADR - 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 LOREAL ADR 15EO to buy it.

Moving together with LOREAL Stock

0.78	LOR	LOral SA Earnings Call This Week	Pair Corr
0.78	LOR	LOral SA Earnings Call This Week	Pair Corr

Moving against LOREAL Stock

0.56	4JP	Japan Post Insurance	Pair Corr
0.41	SSUN	Samsung Electronics	Pair Corr
0.34	PRG	Procter Gamble	Pair Corr
0.53	ONK	ONEOK Inc	Pair Corr
0.45	VIP	Virtus Investment Earnings Call Tomorrow	Pair Corr
0.35	SC3	ScanSource Earnings Call This Week	Pair Corr
0.34	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	KEY	KeyCorp	Pair Corr
0.31	IC1B	INTERCONT HOTELS	Pair Corr

Related Correlations Analysis

	LOR	CPA	8SP	39O1	INVN	IUI1	INL	VOW	RS6	VUSA
LOR		0.0	0.06	-0.11	-0.19	0.26	-0.46	0.74	-0.3	0.13	LOR
CPA	0.0		0.19	0.58	0.4	-0.02	0.05	-0.26	0.45	0.21	CPA
8SP	0.06	0.19		0.22	0.28	-0.04	-0.15	-0.1	0.18	0.11	8SP
39O1	-0.11	0.58	0.22		0.23	-0.62	0.51	-0.76	0.68	-0.32	39O1
INVN	-0.19	0.4	0.28	0.23		0.29	-0.09	-0.22	0.45	0.62	INVN
IUI1	0.26	-0.02	-0.04	-0.62	0.29		-0.25	0.54	-0.01	0.76	IUI1
INL	-0.46	0.05	-0.15	0.51	-0.09	-0.25		-0.58	0.67	-0.28	INL
VOW	0.74	-0.26	-0.1	-0.76	-0.22	0.54	-0.58		-0.61	0.2	VOW
RS6	-0.3	0.45	0.18	0.68	0.45	-0.01	0.67	-0.61		0.13	RS6
VUSA	0.13	0.21	0.11	-0.32	0.62	0.76	-0.28	0.2	0.13		VUSA
	LOR	CPA	8SP	39O1	INVN	IUI1	INL	VOW	RS6	VUSA

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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

VUSA	+ 0.76	IUI1
VOW	+ 0.74	LOR
RS6	+ 0.68	39O1
RS6	+ 0.67	INL
VUSA	+ 0.62	INVN
39O1	+ 0.58	CPA

High negative correlations

VOW	- 0.76	39O1
IUI1	- 0.62	39O1
RS6	- 0.61	VOW
VOW	- 0.58	INL
INL	- 0.46	LOR
VUSA	- 0.32	39O1

Risk-Adjusted Indicators

There is a big difference between LOREAL Stock performing well and LOREAL ADR 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 LOREAL ADR'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
LOR	1.22	0.05	(0.01)	0.32	1.29	(1.33)	3.17	(1.98)	5.62
CPA	0.93	(0.07)	0.00	(0.80)	0.00	0.00	2.11	(2.67)	6.59
8SP	1.93	(0.02)	(0.01)	0.05	3.54	(2.00)	3.05	(4.56)	18.87
39O1	3.35	0.00	(0.01)	0.06	3.82	(5.51)	14.29	(6.30)	29.56
INVN	2.65	0.22	0.02	(0.16)	2.96	(3.00)	6.28	(4.84)	14.01
IUI1	1.30	0.23	0.12	0.72	1.27	(1.44)	2.59	(2.16)	11.36
INL	2.53	(0.05)	0.00	(0.04)	0.00	0.00	7.04	(5.34)	16.28
VOW	1.14	0.20	0.08	(0.66)	1.08	(1.25)	2.84	(1.56)	5.15
RS6	1.25	0.05	0.00	0.23	1.34	(1.45)	2.15	(2.60)	15.24
VUSA	0.68	0.17	0.12	19.75	0.53	(0.78)	1.37	(1.24)	6.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in LOREAL ADR 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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