Lonza Group Correlations

LZAGY Stock

USD 59.88 1.39 2.38%

The current 90-days correlation between Lonza Group AG and Neuronetics is -0.07 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lonza Group Correlation With Market

Modest diversification

The correlation between Lonza Group AG and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lonza Group AG 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 AG to buy it.

Moving together with Lonza Pink Sheet

0.75	TMO	Thermo Fisher Scientific	Pair Corr
0.66	DHR	Danaher	Pair Corr
0.86	LZAGF	Lonza Group	Pair Corr
0.77	IQV	IQVIA Holdings	Pair Corr
0.62	IDXX	IDEXX Laboratories	Pair Corr
0.61	MTD	Mettler Toledo Inter	Pair Corr
0.69	VLKAF	Volkswagen AG	Pair Corr
0.72	VWAGY	Volkswagen AG 110	Pair Corr
0.69	VLKPF	Volkswagen AG VZO	Pair Corr
0.7	VWAPY	Volkswagen AG Pref	Pair Corr
0.67	DPSTF	Deutsche Post AG	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Lonza Pink Sheet

0.71	WMT	Walmart Aggressive Push	Pair Corr
0.67	MET	MetLife Sell-off Trend	Pair Corr
0.54	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.47	WUXIF	WuXi AppTec	Pair Corr
0.44	WUXAY	WuXi AppTec	Pair Corr
0.41	ESLAW	Estrella Immunopharma	Pair Corr
0.33	HNHPF	Hon Hai Precision	Pair Corr
0.32	ACN	Accenture plc	Pair Corr
0.83	DIS	Walt Disney Sell-off Trend	Pair Corr
0.78	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.72	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.71	OPFI	OppFi Inc	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.66	FTNT	Fortinet	Pair Corr
0.54	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.54	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.49	JXN-PA	Jackson Financial	Pair Corr
0.33	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	STIM	INBS	BDSX	PRPO	PRPH	BIAFW	ARYC	RDNT	FONR	STRR
STIM		-0.21	-0.28	-0.2	-0.03	-0.24	0.0	-0.04	-0.31	-0.16	STIM
INBS	-0.21		0.22	-0.07	0.12	0.34	0.0	-0.02	0.49	0.23	INBS
BDSX	-0.28	0.22		0.52	0.84	0.64	0.0	-0.77	0.57	0.87	BDSX
PRPO	-0.2	-0.07	0.52		0.61	0.48	0.0	-0.52	0.11	0.67	PRPO
PRPH	-0.03	0.12	0.84	0.61		0.59	0.0	-0.93	0.34	0.9	PRPH
BIAFW	-0.24	0.34	0.64	0.48	0.59		0.0	-0.52	0.54	0.72	BIAFW
ARYC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ARYC
RDNT	-0.04	-0.02	-0.77	-0.52	-0.93	-0.52	0.0		-0.24	-0.82	RDNT
FONR	-0.31	0.49	0.57	0.11	0.34	0.54	0.0	-0.24		0.44	FONR
STRR	-0.16	0.23	0.87	0.67	0.9	0.72	0.0	-0.82	0.44		STRR
	STIM	INBS	BDSX	PRPO	PRPH	BIAFW	ARYC	RDNT	FONR	STRR

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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

STRR	+ 0.9	PRPH
STRR	+ 0.87	BDSX
PRPH	+ 0.84	BDSX
STRR	+ 0.72	BIAFW
STRR	+ 0.67	PRPO
BIAFW	+ 0.64	BDSX

High negative correlations

RDNT	- 0.93	PRPH
STRR	- 0.82	RDNT
RDNT	- 0.77	BDSX
RDNT	- 0.52	BIAFW
RDNT	- 0.52	PRPO
FONR	- 0.31	STIM

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
STIM	5.11	0.21	0.04	0.21	7.44	(6.56)	8.99	(9.24)	59.07
INBS	5.65	0.55	0.07	2.52	6.12	(6.60)	13.16	(10.59)	40.29
BDSX	2.61	(0.28)	0.00	4.87	0.00	0.00	5.95	(5.61)	29.48
PRPO	2.13	(0.05)	0.00	(0.13)	0.00	0.00	4.20	(3.88)	11.81
PRPH	4.56	(1.23)	0.00	2.17	0.00	0.00	8.07	(7.02)	57.54
BIAFW	11.02	(0.46)	0.00	0.03	12.55	(16.68)	28.21	(26.44)	96.67
ARYC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RDNT	1.99	0.19	0.11	0.26	1.84	(2.22)	3.77	(2.61)	22.33
FONR	1.50	(0.15)	0.00	(0.09)	0.00	0.00	2.15	(2.97)	10.84
STRR	2.53	(0.43)	0.00	1.71	0.00	0.00	5.10	(6.09)	16.59

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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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