LPKF Laser Correlations

LPKFF Stock

USD 9.25 0.60 6.94%

The current 90-days correlation between LPKF Laser Electronics and Aumann AG is -0.43 (i.e., Very good diversification). The correlation of LPKF Laser 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.

LPKF Laser Correlation With Market

Average diversification

The correlation between LPKF Laser Electronics and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LPKF Laser Electronics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LPKF Pink Sheet

0.77	ETN	Eaton PLC	Pair Corr
0.62	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.64	CAMZF	Camino Minerals	Pair Corr
0.68	NNBR	NN Inc	Pair Corr
0.68	SHIP	Seanergy Maritime	Pair Corr
0.64	AES	AES Earnings Call This Week	Pair Corr
0.64	PYTCY	Playtech PLC ADR	Pair Corr
0.65	482480AN0	KLAC 525 15	Pair Corr
0.75	TLOFF	Talon Metals Corp	Pair Corr
0.62	NTZ	Natuzzi SpA	Pair Corr

Moving against LPKF Pink Sheet

0.56	ONON	On Holding	Pair Corr
0.63	ANF	Abercrombie Fitch	Pair Corr
0.61	BAM	Brookfield Asset Man	Pair Corr

Related Correlations Analysis

	AUUMF	CRAWA	CHSTF	TKOLF	FTGFF	HGRVF	VLNSF	SKUYF	ECELF	YMAIF
AUUMF		0.0	-0.21	0.0	-0.31	0.0	0.41	0.0	0.0	-0.05	AUUMF
CRAWA	0.0		-0.53	0.0	-0.37	0.0	0.13	0.0	0.0	0.63	CRAWA
CHSTF	-0.21	-0.53		0.0	0.78	0.0	-0.36	0.0	0.0	-0.86	CHSTF
TKOLF	0.0	0.0	0.0		0.0	1.0	0.0	0.0	1.0	0.0	TKOLF
FTGFF	-0.31	-0.37	0.78	0.0		0.0	-0.63	0.0	0.0	-0.72	FTGFF
HGRVF	0.0	0.0	0.0	1.0	0.0		0.0	0.0	1.0	0.0	HGRVF
VLNSF	0.41	0.13	-0.36	0.0	-0.63	0.0		0.0	0.0	0.28	VLNSF
SKUYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SKUYF
ECELF	0.0	0.0	0.0	1.0	0.0	1.0	0.0	0.0		0.0	ECELF
YMAIF	-0.05	0.63	-0.86	0.0	-0.72	0.0	0.28	0.0	0.0		YMAIF
	AUUMF	CRAWA	CHSTF	TKOLF	FTGFF	HGRVF	VLNSF	SKUYF	ECELF	YMAIF

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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

HGRVF	+ 1.0	TKOLF
ECELF	+ 1.0	TKOLF
ECELF	+ 1.0	HGRVF
FTGFF	+ 0.78	CHSTF
YMAIF	+ 0.63	CRAWA
VLNSF	+ 0.41	AUUMF

High negative correlations

YMAIF	- 0.86	CHSTF
YMAIF	- 0.72	FTGFF
VLNSF	- 0.63	FTGFF
CHSTF	- 0.53	CRAWA
FTGFF	- 0.37	CRAWA
VLNSF	- 0.36	CHSTF

Risk-Adjusted Indicators

There is a big difference between LPKF Pink Sheet performing well and LPKF Laser 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 LPKF Laser'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
AUUMF	0.33	0.00	0.00	0.06	0.00	0.00	0.00	0.00	14.66
CRAWA	1.06	0.15	0.04	(0.60)	1.51	(1.72)	4.88	(2.33)	14.71
CHSTF	1.49	0.79	0.00	(0.99)	0.00	0.00	0.00	0.00	50.00
TKOLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTGFF	2.52	0.86	0.25	1.21	2.13	(3.48)	6.74	(4.17)	16.78
HGRVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VLNSF	0.96	(0.03)	0.00	(0.07)	0.00	0.00	3.69	(0.86)	32.58
SKUYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECELF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YMAIF	0.19	(0.11)	0.00	2.00	0.00	0.00	0.00	0.00	6.51

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Our tools can tell you how much better you can do entering a position in LPKF Laser 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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LPKF Laser Corporate Management

Michael Agater	VP Production	Profile
Stephan Schmidt	Pres USA	Profile
Jrgen Bergedieck	Managing GmbH	Profile
Bettina Schafer	Head Relations	Profile
Britta Schulz	Managing Unit	Profile
Klaus Fiedler	CEO Board	Profile

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