Lion One Correlations

Stocks . Germany . 
Stock . Lion One Metals
LY1 Stock  EUR 0.20  0.02  11.11%   
The current 90-days correlation between Lion One Metals and FARM 51 GROUP is 0.04 (i.e., Significant diversification). The correlation of Lion One 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.

Lion One Correlation With Market

Average diversification

The correlation between Lion One Metals and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lion One Metals and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lion One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lion One 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 Lion One - 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 Lion One Metals to buy it.

Moving together with Lion Stock

  0.61FJZB ZIJIN MINH UNSPADR20PairCorr
  0.8NMM NewmontPairCorr
  0.79ABR Barrick GoldPairCorr
  0.69SG9 Strix Group PlcPairCorr
  0.689Y2 LABOCANNA SA ZYPairCorr

Moving against Lion Stock

  0.77HEI Heidelberg MaterialsPairCorr
  0.651FA SPROUTS FARMERS MKTPairCorr
  0.5874F LIFE BANC SPLITPairCorr
  0.41XTP Sino AGPairCorr
  0.33Z56 QINGCI GAMES INCPairCorr
  0.78NY70 MOLSON RS BEVERAGEPairCorr
  0.78CE1 Perdoceo EducationPairCorr
  0.77CAI CDN IMPERIAL BANKPairCorr
  0.77MEC Meiko ElectronicsPairCorr
  0.7APC Apple IncPairCorr
  0.68C8C Consolidated CommunicationsPairCorr
  0.66SDP Summit Hotel PropertiesPairCorr
  0.66AZ5 AUTOZONE DusseldorfPairCorr
  0.58IUI1 Intuitive Surgical Earnings Call This WeekPairCorr
  0.57ZFI1 Zurich InsurancePairCorr
  0.56SNQB SANOMA DusseldorfPairCorr
  0.56KEL Kellogg CompanyPairCorr
  0.52FDX FedExPairCorr
  0.5VRS VERISIGNPairCorr
  0.45C7T CTT CorreiosPairCorr
  0.32CHV CHEVRON DusseldorfPairCorr
  0.85FOO SalesforcePairCorr
  0.813BZ Bank of ZhengzhouPairCorr
  0.77AAH AHLERSPairCorr
  0.74BOV Apyx Medical CorpPairCorr
  0.73MSF MicrosoftPairCorr
  0.713RKU RYOHIN UNSPADR/1PairCorr

Related Correlations Analysis

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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   
CE3
+ 0.7
EK7A
AY5
+ 0.63
902
72S
+ 0.52
EK7A
72S
+ 0.4
CE3
AY5
+ 0.34
F51
902
+ 0.31
F51
  
High negative correlations   
902
- 0.75
EK7A
AY5
- 0.67
EK7A
72S
- 0.61
902
CE3
- 0.6
902
AY5
- 0.56
CE3
EK7A
- 0.41
F51

Risk-Adjusted Indicators

There is a big difference between Lion Stock performing well and Lion One 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 Lion One'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 Lion One 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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Fundamental Analysis

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Lion One Corporate Management

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