Lasertec Correlations

LSRCY Stock

USD 20.74 1.26 6.47%

The current 90-days correlation between Lasertec and Advantest is 0.21 (i.e., Modest diversification). The correlation of Lasertec 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.

Lasertec Correlation With Market

Average diversification

The correlation between Lasertec and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lasertec and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lasertec Pink Sheet

0.89	PPERY	Bank Mandiri Persero	Pair Corr
0.87	PPERF	Bank Mandiri Persero	Pair Corr
0.66	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.63	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr
0.78	PBCRF	PT Bank Central	Pair Corr
0.84	PBCRY	Bank Central Asia	Pair Corr

Moving against Lasertec Pink Sheet

0.72	TER	Teradyne	Pair Corr
0.53	ASML	ASML Holding NV	Pair Corr
0.53	ASMLF	ASML Holding NV	Pair Corr
0.45	ASMXF	ASM International Upward Rally	Pair Corr
0.35	TOELY	Tokyo Electron Earnings Call This Week	Pair Corr
0.33	TOELF	Tokyo Electron Earnings Call This Week	Pair Corr
0.91	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.8	V	Visa Class A	Pair Corr
0.73	GILT	Gilat Satellite Networks	Pair Corr
0.73	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.71	VIST	Vista Oil Gas	Pair Corr
0.42	GILD	Gilead Sciences Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SUOPY	ASMVY	DINRF	TOELF	ADTTF	DSCSY	LSRCF	ATEYY	BESIY
SUOPY		0.78	0.83	-0.37	-0.57	-0.1	0.88	0.25	-0.78	SUOPY
ASMVY	0.78		0.63	-0.1	-0.64	-0.15	0.78	0.2	-0.48	ASMVY
DINRF	0.83	0.63		-0.55	-0.39	-0.33	0.89	0.38	-0.89	DINRF
TOELF	-0.37	-0.1	-0.55		0.05	0.46	-0.36	-0.37	0.67	TOELF
ADTTF	-0.57	-0.64	-0.39	0.05		0.26	-0.52	-0.05	0.43	ADTTF
DSCSY	-0.1	-0.15	-0.33	0.46	0.26		-0.22	0.0	0.29	DSCSY
LSRCF	0.88	0.78	0.89	-0.36	-0.52	-0.22		0.3	-0.8	LSRCF
ATEYY	0.25	0.2	0.38	-0.37	-0.05	0.0	0.3		-0.42	ATEYY
BESIY	-0.78	-0.48	-0.89	0.67	0.43	0.29	-0.8	-0.42		BESIY
	SUOPY	ASMVY	DINRF	TOELF	ADTTF	DSCSY	LSRCF	ATEYY	BESIY

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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

LSRCF	+ 0.89	DINRF
LSRCF	+ 0.88	SUOPY
DINRF	+ 0.83	SUOPY
ASMVY	+ 0.78	SUOPY
LSRCF	+ 0.78	ASMVY
BESIY	+ 0.67	TOELF

High negative correlations

BESIY	- 0.89	DINRF
BESIY	- 0.8	LSRCF
BESIY	- 0.78	SUOPY
ADTTF	- 0.64	ASMVY
ADTTF	- 0.57	SUOPY
TOELF	- 0.55	DINRF

Risk-Adjusted Indicators

There is a big difference between Lasertec Pink Sheet performing well and Lasertec 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 Lasertec'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
SUOPY	2.14	(0.45)	0.00	(0.39)	0.00	0.00	4.40	(5.21)	18.58
ASMVY	1.71	(0.33)	0.00	(1.61)	0.00	0.00	4.09	(3.63)	9.23
DINRF	4.10	(0.82)	0.00	(0.81)	0.00	0.00	7.26	(11.57)	28.56
TOELF	2.74	0.06	0.00	0.24	2.83	(3.46)	6.91	(4.72)	17.54
ADTTF	1.02	0.40	0.00	(1.19)	0.00	0.00	0.00	0.00	25.45
DSCSY	2.55	0.31	0.07	4.64	2.97	(2.77)	5.02	(4.85)	23.41
LSRCF	1.23	(0.45)	0.00	0.97	0.00	0.00	0.28	(4.89)	27.67
ATEYY	1.91	0.29	0.09	(3.66)	1.96	(2.33)	6.41	(3.31)	9.71
BESIY	2.07	0.25	0.03	(0.48)	3.12	(2.16)	4.52	(3.34)	21.33

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

Koichi Moriizumi	Chief Officer	Profile
Yutaro Misawa	Exec CFO	Profile
Tetsuya Sendoda	Sales Officer	Profile
Osamu Okabayashi	Ex Pres	Profile
Haruhiko Kusunose	Ex Chairman	Profile
Hirokazu Seki	Sr 3	Profile
Atsushi Tajima	Ex Officer	Profile

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