Longterm Games Correlations

LTM Stock

5.90 0.32 5.73%

The correlation of Longterm Games 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.

Longterm Games Correlation With Market

Good diversification

The correlation between Longterm Games SA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longterm Games SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Longterm Stock

0.65	CCE	Clean Carbon Energy	Pair Corr
0.78	ADX	ADX	Pair Corr
0.95	AGL	Agroliga Group PLC	Pair Corr
0.79	VEE	Vee SA	Pair Corr

Moving against Longterm Stock

0.9	KGH	KGHM Polska Miedz	Pair Corr
0.87	TOR	Torpol SA	Pair Corr
0.82	OPL	OrangePL	Pair Corr
0.75	CLD	Cloud Technologies	Pair Corr
0.74	LSI	LSI Software SA	Pair Corr
0.59	BFT	Benefit Systems SA	Pair Corr
0.51	ABK	Abak SA	Pair Corr
0.47	CLE	Coal Energy SA	Pair Corr
0.46	SPR	Spyrosoft SA	Pair Corr
0.44	ENA	Enea SA	Pair Corr
0.44	ZAB	Zabka Group SA	Pair Corr
0.35	LPP	LPP SA	Pair Corr
0.87	ING	ING Bank lski	Pair Corr
0.84	MLG	MLP Group SA	Pair Corr
0.79	QNT	Quantum Software	Pair Corr
0.77	MFD	M Food SA	Pair Corr
0.77	GRX	GreenX Metals	Pair Corr
0.75	SAN	Banco Santander SA	Pair Corr
0.75	VOW	Volkswagen AG Non	Pair Corr
0.75	INP	Inpro SA	Pair Corr
0.7	ACT	Action SA	Pair Corr
0.67	WWL	WAWEL SA	Pair Corr
0.63	PCO	Pepco Group BV	Pair Corr
0.44	AMC	Amica SA	Pair Corr
0.43	ABE	AB SA	Pair Corr
0.38	GEN	Genomed SA	Pair Corr
0.38	ALI	Altustfi	Pair Corr

Related Correlations Analysis

	MON	ECH	XTB	CLD	CAI
MON		-0.17	0.07	0.65	-0.73	MON
ECH	-0.17		0.38	0.03	0.42	ECH
XTB	0.07	0.38		0.01	0.0	XTB
CLD	0.65	0.03	0.01		-0.39	CLD
CAI	-0.73	0.42	0.0	-0.39		CAI
	MON	ECH	XTB	CLD	CAI

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

CLD	+ 0.65	MON
CAI	+ 0.42	ECH
XTB	+ 0.38	ECH
XTB	+ 0.07	MON
CLD	+ 0.03	ECH
CLD	+ 0.01	XTB

High negative correlations

CAI	- 0.73	MON
CAI	- 0.39	CLD
ECH	- 0.17	MON
CAI	- 0.0	XTB

Risk-Adjusted Indicators

There is a big difference between Longterm Stock performing well and Longterm Games 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 Longterm Games' 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
MON	1.45	0.45	0.20	1.62	1.30	(2.16)	4.18	(1.94)	15.58
ECH	1.07	(0.28)	0.00	(0.69)	0.00	0.00	2.54	(2.83)	9.58
XTB	1.21	(0.06)	0.00	(0.04)	0.00	0.00	2.52	(2.57)	7.96
CLD	2.27	0.45	0.17	0.94	1.85	(2.89)	5.45	(3.42)	15.20
CAI	1.57	(0.61)	0.00	2.33	0.00	0.00	2.02	(5.08)	15.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Longterm Games 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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