Lonza Correlations
| LZAGF Stock | USD 606.75 17.50 2.97% |
The current 90-days correlation between Lonza Group and Sonic Healthcare Ltd is 0.07 (i.e., Significant diversification). The correlation of Lonza 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.
Lonza Correlation With Market
Significant diversification
The correlation between Lonza Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lonza Group and DJI in the same portfolio, assuming nothing else is changed.
Lonza |
The ability to find closely correlated positions to Lonza could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lonza 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 Lonza - 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 Lonza Group to buy it.
Moving together with Lonza Pink Sheet
| 0.65 | TMO | Thermo Fisher Scientific | PairCorr |
| 0.86 | LZAGY | Lonza Group AG | PairCorr |
| 0.68 | IQV | IQVIA Holdings | PairCorr |
Moving against Lonza Pink Sheet
| 0.71 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.65 | FICO | Fair Isaac | PairCorr |
| 0.63 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.63 | DASH | DoorDash, Class A | PairCorr |
| 0.62 | DOCU | DocuSign Earnings Call This Week | PairCorr |
| 0.6 | ATOM | Atomera | PairCorr |
| 0.6 | TATT | Tat Techno | PairCorr |
| 0.58 | GOOD | Gladstone Commercial | PairCorr |
| 0.57 | TTD | Trade Desk | PairCorr |
| 0.55 | MTDR | Matador Resources | PairCorr |
| 0.55 | VAC | Marriot Vacations | PairCorr |
| 0.52 | PANW | Palo Alto Networks | PairCorr |
| 0.52 | V | Visa Class A | PairCorr |
| 0.49 | WUXAY | WuXi AppTec | PairCorr |
| 0.48 | OXLC | Oxford Lane Capital | PairCorr |
| 0.46 | GAIN | Gladstone Investment | PairCorr |
| 0.43 | SCM | Stellus Capital Inve | PairCorr |
| 0.42 | LOW | Lowes Companies Sell-off Trend | PairCorr |
| 0.7 | ELMD | Electromed | PairCorr |
| 0.69 | LYV | Live Nation Entertainment | PairCorr |
| 0.68 | SPOT | Spotify Technology | PairCorr |
| 0.68 | VRT | Vertiv Holdings | PairCorr |
| 0.66 | C | Citigroup Aggressive Push | PairCorr |
| 0.64 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.63 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.63 | SFM | Sprouts Farmers Market | PairCorr |
| 0.63 | HURC | Hurco Companies | PairCorr |
| 0.62 | MAIN | Main Street Capital | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Lonza Pink Sheet performing well and Lonza 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 Lonza'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNER | 21.41 | 8.89 | 0.00 | (1.18) | 0.00 | 25.00 | 575.00 | |||
| SKHHY | 1.61 | (0.03) | (0.06) | 0.04 | 1.86 | 3.14 | 10.05 | |||
| CRL | 1.68 | (0.28) | (0.04) | 0.02 | 2.09 | 2.82 | 18.19 | |||
| QGEN | 0.99 | (0.17) | 0.00 | (0.12) | 0.00 | 2.06 | 5.80 | |||
| TMO | 0.94 | (0.30) | 0.00 | (0.37) | 0.00 | 1.66 | 7.00 | |||
| A | 1.17 | (0.09) | 0.00 | (0.06) | 0.00 | 2.71 | 9.02 | |||
| IDXX | 1.18 | (0.32) | 0.00 | (0.19) | 0.00 | 2.26 | 13.04 | |||
| ILMN | 1.78 | 0.06 | 0.01 | 0.20 | 1.96 | 3.90 | 12.84 | |||
| WAT | 1.49 | 0.08 | 0.06 | 0.21 | 1.31 | 3.00 | 24.69 | |||
| DHR | 0.97 | (0.24) | 0.00 | (0.26) | 0.00 | 1.47 | 7.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lonza 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.Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
Lonza Corporate Management
| Philippe Deecke | Chief Officer | Profile | |
| Victoria Morgan | Head Communications | Profile | |
| PierreAlain Ruffieux | Chief Officer | Profile | |
| Andreas Bohrer | Group Sec | Profile | |
| Jennifer Clancy | Director Marketing | Profile | |
| Dirk Oehlers | VP Relations | Profile | |
| Constance Ward | Head Communications | Profile |