Light Science Correlations

Stocks . UK . 
Stock . Light Science Technologies
LST Stock   3.50  0.05  1.41%   
The current 90-days correlation between Light Science Techno and State Bank of is -0.22 (i.e., Very good diversification). The correlation of Light Science 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.

Light Science Correlation With Market

Pay attention - limited upside

The correlation between Light Science Technologies and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Light Science Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Light Science could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Light Science 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 Light Science - 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 Light Science Technologies to buy it.

Moving together with Light Stock

  0.85CPG Compass Group PLCPairCorr

Moving against Light Stock

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  0.8WPM Wheaton Precious MetalsPairCorr
  0.8HSBA HSBC Holdings PLCPairCorr
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  0.78GGP Greatland Resources Earnings Call This WeekPairCorr
  0.77THX Thor ExplorationsPairCorr
  0.77TBCG TBC Bank GroupPairCorr
  0.750H3Q Deutsche Post AG Earnings Call This WeekPairCorr
  0.690OIY Caltagirone SpA OrdPairCorr
  0.66DSG Dillistone Group PLCPairCorr
  0.60N4T Nordea Bank AbpPairCorr
  0.520HTQ CarMax IncPairCorr
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  0.890QOG Swiss Prime SitePairCorr
  0.89S32 South32PairCorr
  0.870RP8 LiechtensteinischePairCorr
  0.870QME Orell Fuessli AGPairCorr
  0.850IW3 Global Net LeasePairCorr
  0.84BEG Begbies Traynor GroupPairCorr
  0.83THRG Throgmorton Trust PlcPairCorr
  0.83AEP Anglo-Eastern PlantationsPairCorr
  0.83YNGA Young CoS BreweryPairCorr
  0.83CCH Coca Cola HBCPairCorr

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

SMSN
+ 1.0
BC94
SMSD
+ 1.0
BC94
SMSD
+ 1.0
SMSN
SBID
+ 0.92
SMSN
SBID
+ 0.91
BC94
SBID
+ 0.89
SMSD
  

High negative correlations

0R15
- 0.88
SMSN
0R15
- 0.88
BC94
0R15
- 0.87
SMSD
SBID
- 0.78
0R15
0R15
- 0.78
TYT
0R15
- 0.77
0K1Y

Risk-Adjusted Indicators

There is a big difference between Light Stock performing well and Light Science 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 Light Science'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Light Science 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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Performance Analysis

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Light Science Corporate Executives

Elected by the shareholders, the Light Science's board of directors comprises two types of representatives: Light Science inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Light. The board's role is to monitor Light Science's management team and ensure that shareholders' interests are well served. Light Science'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, Light Science's outside directors are responsible for providing unbiased perspectives on the board's policies.
James SnooksCompany CFOProfile
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