Ladenburg Thalmann Correlations

The current 90-days correlation between Ladenburg Thalmann and Ladenburg Thalmann Financial is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ladenburg Thalmann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ladenburg Thalmann Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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