Lonza Group Correlations

LZAGF Stock

USD 665.38 26.13 4.09%

The current 90-days correlation between Lonza Group and Sonic Healthcare Ltd is 0.03 (i.e., Significant diversification). The correlation of Lonza Group 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 Group 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.

The ability to find closely correlated positions to Lonza Group 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 Group 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 Group - 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

0.79	TMO	Thermo Fisher Scientific Earnings Call Today	Pair Corr
0.91	LZAGY	Lonza Group AG	Pair Corr
0.67	MTD	Mettler Toledo Inter	Pair Corr

Moving against Lonza Pink Sheet

0.52	SMID	Smith Midland Corp	Pair Corr
0.52	FDP	Fresh Del Monte	Pair Corr
0.43	268317AC8	EDF 695 26	Pair Corr
0.34	MSTR	MicroStrategy Incorporated Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CNER	SKHHY	CRL	QGEN	TMO	A	IDXX	ILMN	WAT	DHR
CNER		0.22	0.05	-0.22	-0.34	-0.35	0.01	-0.23	-0.38	-0.2	CNER
SKHHY	0.22		0.27	-0.2	0.02	0.11	0.46	0.32	0.04	0.13	SKHHY
CRL	0.05	0.27		-0.31	-0.48	-0.48	0.19	0.59	-0.19	0.04	CRL
QGEN	-0.22	-0.2	-0.31		0.37	0.75	-0.08	-0.07	0.69	0.0	QGEN
TMO	-0.34	0.02	-0.48	0.37		0.73	0.26	0.15	0.46	0.55	TMO
A	-0.35	0.11	-0.48	0.75	0.73		0.1	-0.02	0.84	0.24	A
IDXX	0.01	0.46	0.19	-0.08	0.26	0.1		0.45	-0.16	0.37	IDXX
ILMN	-0.23	0.32	0.59	-0.07	0.15	-0.02	0.45		-0.02	0.59	ILMN
WAT	-0.38	0.04	-0.19	0.69	0.46	0.84	-0.16	-0.02		0.08	WAT
DHR	-0.2	0.13	0.04	0.0	0.55	0.24	0.37	0.59	0.08		DHR
	CNER	SKHHY	CRL	QGEN	TMO	A	IDXX	ILMN	WAT	DHR

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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

WAT	+ 0.84	A
A	+ 0.75	QGEN
A	+ 0.73	TMO
WAT	+ 0.69	QGEN
ILMN	+ 0.59	CRL
DHR	+ 0.59	ILMN

High negative correlations

A	- 0.48	CRL
TMO	- 0.48	CRL
WAT	- 0.38	CNER
A	- 0.35	CNER
TMO	- 0.34	CNER
QGEN	- 0.31	CRL

Risk-Adjusted Indicators

There is a big difference between Lonza Pink Sheet performing well and Lonza Group 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 Group'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	12.08	2.17	0.05	0.88	14.58	(68.89)	25.00	(42.86)	230.00
SKHHY	1.43	0.01	(0.04)	0.43	1.84	(1.46)	2.93	(2.78)	11.33
CRL	1.86	(0.18)	0.00	(0.20)	0.00	0.00	3.40	(4.65)	19.87
QGEN	0.99	0.07	0.01	0.35	1.10	(1.20)	2.95	(1.95)	7.05
TMO	1.03	0.10	0.03	0.39	1.14	(1.13)	2.12	(2.30)	5.86
A	1.20	0.19	0.11	0.48	1.06	(1.46)	2.92	(2.16)	8.06
IDXX	1.28	(0.10)	0.00	(0.63)	0.00	0.00	2.55	(2.63)	10.52
ILMN	1.81	(0.11)	0.00	(0.20)	0.00	0.00	3.90	(3.99)	10.92
WAT	1.58	0.39	0.20	9.98	1.27	(2.10)	3.24	(2.56)	24.69
DHR	1.03	(0.20)	0.00	(0.34)	0.00	0.00	2.05	(2.24)	12.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lonza Group 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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Lonza Group 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

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