LG Clean Correlations

RENW Etf

CHF 12.32 0.01 0.08%

The current 90-days correlation between LG Clean Energy and HSBC MSCI WORLD is 0.22 (i.e., Modest diversification). The correlation of LG Clean 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.

LG Clean Correlation With Market

Very poor diversification

The correlation between LG Clean Energy and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG Clean Energy and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RENW Etf

0.95	LYNRJ	Amundi MSCI New	Pair Corr
0.94	CWEUSD	Amundi Index Solutions	Pair Corr
0.78	GGMUSY	UBS ETF plc	Pair Corr
0.8	AUCO	LG Gold Mining	Pair Corr
0.77	GDXJ	VanEck Junior Gold	Pair Corr
0.8	IAUP	iShares Gold Producers	Pair Corr
0.79	GDX	VanEck Gold Miners	Pair Corr
0.68	SVUSA	UBS ETF Silver	Pair Corr
0.93	HIEM	HSBC MSCI Emerging	Pair Corr
0.64	LYFINW	Lyxor MSCI World	Pair Corr
0.79	SW2CHB	UBSFund Solutions MSCI	Pair Corr
0.9	JPESG	UBS ETF plc	Pair Corr
0.92	JPNY	Amundi Index Solutions	Pair Corr
0.93	IEEM	iShares MSCI EM	Pair Corr
0.72	500USD	Amundi Index Solutions	Pair Corr
0.92	PSRW	Invesco FTSE RAFI	Pair Corr
0.91	JPNC	Lyxor Japan UCITS	Pair Corr
0.69	ZSILUS	ZKB Silver ETF	Pair Corr
0.84	LCEU	BNP Paribas Easy	Pair Corr
0.85	AFLT	Amundi Index Solutions	Pair Corr
0.9	JPHG	Amundi Index Solutions	Pair Corr
0.8	ESGO	AuAg Gold Mining	Pair Corr
0.94	AJEUAS	UBS Fund Solutions	Pair Corr
0.81	HMEU	HSBC MSCI Europe	Pair Corr
0.63	CMES	iShares JP Morgan	Pair Corr
0.67	CSSLI	iShares SLI ETF	Pair Corr
0.87	ZGLDEU	ZKB Gold ETF	Pair Corr
0.88	EURCHA	UBSFund Solutions MSCI	Pair Corr
0.92	IFFF	iShares MSCI AC	Pair Corr
0.87	RGLDSH	Raiffeisen ETF Solid	Pair Corr
0.94	ALAT	Amundi Index Solutions	Pair Corr
0.82	CSBGU3	iShares VII PLC	Pair Corr

Moving against RENW Etf

0.69	ASOL	21Shares Solana staking	Pair Corr
0.65	AXRP	21Shares Ripple XRP	Pair Corr

Related Correlations Analysis

	LYNRJ	VUKE	XMJP	EMUEUA	C50	EUREUA	JPNY	SXXEEX	HPAW
LYNRJ		0.87	0.91	0.81	0.88	0.9	0.91	0.9	0.46	LYNRJ
VUKE	0.87		0.87	0.96	0.94	0.97	0.89	0.94	0.66	VUKE
XMJP	0.91	0.87		0.83	0.9	0.9	0.97	0.91	0.45	XMJP
EMUEUA	0.81	0.96	0.83		0.95	0.96	0.86	0.94	0.75	EMUEUA
C50	0.88	0.94	0.9	0.95		0.96	0.9	0.99	0.73	C50
EUREUA	0.9	0.97	0.9	0.96	0.96		0.93	0.97	0.66	EUREUA
JPNY	0.91	0.89	0.97	0.86	0.9	0.93		0.92	0.46	JPNY
SXXEEX	0.9	0.94	0.91	0.94	0.99	0.97	0.92		0.7	SXXEEX
HPAW	0.46	0.66	0.45	0.75	0.73	0.66	0.46	0.7		HPAW
	LYNRJ	VUKE	XMJP	EMUEUA	C50	EUREUA	JPNY	SXXEEX	HPAW

LG Clean Constituents Risk-Adjusted Indicators

There is a big difference between RENW Etf performing well and LG Clean ETF 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 LG Clean'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
LYNRJ	0.73	0.14	0.07	0.89	0.89	(0.86)	1.75	(1.81)	5.92
VUKE	0.63	0.10	0.04	2.30	0.71	(0.73)	1.45	(1.23)	4.18
XMJP	0.93	0.22	0.15	0.62	0.88	(1.05)	2.06	(1.95)	5.16
EMUEUA	0.53	0.07	0.03	0.33	0.59	(0.68)	1.37	(1.31)	3.87
C50	0.63	0.09	0.05	0.45	0.64	(0.70)	1.30	(1.09)	3.74
EUREUA	0.54	0.13	0.09	1.38	0.55	(0.56)	1.42	(1.19)	3.34
JPNY	0.72	0.22	0.16	9.59	0.57	(0.80)	1.83	(1.38)	4.16
SXXEEX	0.51	0.10	0.06	1.01	0.47	(0.64)	1.31	(0.87)	3.39
HPAW	0.51	(0.01)	(0.08)	0.00	0.64	(0.55)	1.38	(1.14)	2.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in LG Clean 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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