Lasertec Correlations

LSRCY Stock

USD 45.93 3.52 7.12%

The current 90-days correlation between Lasertec and OBIC CoLtd is -0.1 (i.e., Good 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

Poor diversification

The correlation between Lasertec and DJI is 0.7 (i.e., Poor 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

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0.73	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.61	TNGX	Tango Therapeutics Downward Rally	Pair Corr
0.63	NFPDF	Nissin Foods Holdings	Pair Corr
0.61	JPPHY	Japan Post Holdings	Pair Corr
0.68	AIT	Applied Industrial Earnings Call This Week	Pair Corr
0.65	TORO	Toro	Pair Corr

Moving against Lasertec Pink Sheet

0.51	PBCRY	Bank Central Asia	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr
0.45	IPGGF	Imperium Group Global	Pair Corr
0.34	FLYE	Fly E Group	Pair Corr

Related Correlations Analysis

	STMEF	OBIIF	LNVGY	KYOCF	LNVGF	KYOCY	NEXOY	NTTCF	BESIY	RNECY
STMEF		-0.12	-0.27	0.54	-0.2	0.71	0.37	0.0	0.74	0.8	STMEF
OBIIF	-0.12		-0.77	0.43	-0.75	0.08	0.74	0.0	-0.07	0.29	OBIIF
LNVGY	-0.27	-0.77		-0.77	0.94	-0.47	-0.92	0.0	-0.26	-0.62	LNVGY
KYOCF	0.54	0.43	-0.77		-0.68	0.62	0.81	0.0	0.69	0.77	KYOCF
LNVGF	-0.2	-0.75	0.94	-0.68		-0.45	-0.89	0.0	-0.22	-0.62	LNVGF
KYOCY	0.71	0.08	-0.47	0.62	-0.45		0.55	0.0	0.67	0.81	KYOCY
NEXOY	0.37	0.74	-0.92	0.81	-0.89	0.55		0.0	0.42	0.73	NEXOY
NTTCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NTTCF
BESIY	0.74	-0.07	-0.26	0.69	-0.22	0.67	0.42	0.0		0.78	BESIY
RNECY	0.8	0.29	-0.62	0.77	-0.62	0.81	0.73	0.0	0.78		RNECY
	STMEF	OBIIF	LNVGY	KYOCF	LNVGF	KYOCY	NEXOY	NTTCF	BESIY	RNECY

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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

LNVGF	+ 0.94	LNVGY
NEXOY	+ 0.81	KYOCF
RNECY	+ 0.81	KYOCY
RNECY	+ 0.8	STMEF
RNECY	+ 0.78	BESIY
RNECY	+ 0.77	KYOCF

High negative correlations

NEXOY	- 0.92	LNVGY
NEXOY	- 0.89	LNVGF
KYOCF	- 0.77	LNVGY
LNVGY	- 0.77	OBIIF
LNVGF	- 0.75	OBIIF
LNVGF	- 0.68	KYOCF

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
STMEF	1.10	0.02	0.00	0.11	2.25	(2.49)	4.07	(4.29)	19.24
OBIIF	0.04	0.01	0.00	0.61	0.00	0.00	0.00	0.00	1.23
LNVGY	1.33	(0.44)	0.00	(0.47)	0.00	0.00	2.00	(2.76)	7.94
KYOCF	0.37	0.18	0.00	4.38	0.00	0.00	0.28	0.00	6.15
LNVGF	2.76	(0.26)	0.00	0.46	0.00	0.00	8.06	(5.97)	22.67
KYOCY	1.10	0.09	0.04	0.22	1.40	(1.21)	2.27	(2.70)	6.19
NEXOY	1.67	0.40	0.21	0.61	1.42	(2.00)	4.35	(3.05)	11.46
NTTCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BESIY	1.91	0.28	0.11	0.30	2.13	(2.25)	5.16	(4.10)	19.55
RNECY	2.12	0.21	0.11	0.20	2.03	(2.50)	4.21	(4.04)	11.73

Be your own money manager

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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