Legrand SA Correlations

LGRVF Stock

USD 174.03 1.62 0.92%

The current 90-days correlation between Legrand SA and Mitsubishi Electric is 0.11 (i.e., Average diversification). The correlation of Legrand SA 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.

Legrand SA Correlation With Market

Significant diversification

The correlation between Legrand SA and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legrand SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Legrand Pink Sheet

0.81	VRT	Vertiv Holdings	Pair Corr
0.84	ABLZF	ABB	Pair Corr
0.86	LGRDY	Legrand SA ADR Earnings Call This Week	Pair Corr
0.7	MIELY	Mitsubishi Electric Corp Earnings Call Today	Pair Corr
0.74	MIELF	Mitsubishi Electric Earnings Call Today	Pair Corr
0.86	BE	Bloom Energy Corp Trending	Pair Corr
0.8	NVT	nVent Electric PLC Earnings Call Today	Pair Corr
0.81	SSNLF	Samsung Electronics	Pair Corr
0.69	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.73	LOGI	Logitech International	Pair Corr
0.7	PVSP	Pervasip Corp	Pair Corr
0.76	ASX	ASE Industrial Holding Aggressive Push	Pair Corr
0.64	SGIPF	Sugi Holdings CoLtd	Pair Corr
0.72	RANG	Range Capital Acquisition	Pair Corr
0.67	MKIN	MCNB Banks	Pair Corr
0.65	NAUBF	National Australia Bank Earnings Call This Week	Pair Corr
0.81	EMPPF	EMP Metals Corp	Pair Corr
0.63	IRME	International Display	Pair Corr

Moving against Legrand Pink Sheet

0.5	BKRKY	Bank Rakyat	Pair Corr
0.49	PTAIF	PT Astra International	Pair Corr
0.48	PPERF	Bank Mandiri Persero	Pair Corr
0.38	EML	Eastern Earnings Call This Week	Pair Corr
0.73	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.58	PBCRY	Bank Central Asia	Pair Corr
0.4	EDEYF	Eden Innovations	Pair Corr

Related Correlations Analysis

	MIELF	MIELY	DSDVY	DSDVF	EXPGY	EXPGF	PRYMF	PRYMY	ASAZF	MARUF
MIELF		0.8	-0.53	-0.55	-0.73	-0.69	0.81	0.8	0.39	0.72	MIELF
MIELY	0.8		-0.48	-0.52	-0.64	-0.62	0.86	0.86	0.51	0.8	MIELY
DSDVY	-0.53	-0.48		0.99	0.55	0.57	-0.72	-0.74	-0.17	-0.75	DSDVY
DSDVF	-0.55	-0.52	0.99		0.56	0.57	-0.73	-0.75	-0.17	-0.76	DSDVF
EXPGY	-0.73	-0.64	0.55	0.56		0.95	-0.83	-0.81	-0.26	-0.66	EXPGY
EXPGF	-0.69	-0.62	0.57	0.57	0.95		-0.82	-0.81	-0.26	-0.66	EXPGF
PRYMF	0.81	0.86	-0.72	-0.73	-0.83	-0.82		0.99	0.48	0.9	PRYMF
PRYMY	0.8	0.86	-0.74	-0.75	-0.81	-0.81	0.99		0.47	0.91	PRYMY
ASAZF	0.39	0.51	-0.17	-0.17	-0.26	-0.26	0.48	0.47		0.4	ASAZF
MARUF	0.72	0.8	-0.75	-0.76	-0.66	-0.66	0.9	0.91	0.4		MARUF
	MIELF	MIELY	DSDVY	DSDVF	EXPGY	EXPGF	PRYMF	PRYMY	ASAZF	MARUF

Please upgrade your account to get full access to Macroaxis premium features

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

DSDVF	+ 0.99	DSDVY
PRYMY	+ 0.99	PRYMF
EXPGF	+ 0.95	EXPGY
MARUF	+ 0.91	PRYMY
MARUF	+ 0.9	PRYMF
PRYMF	+ 0.86	MIELY

High negative correlations

PRYMF	- 0.83	EXPGY
PRYMF	- 0.82	EXPGF
PRYMY	- 0.81	EXPGF
PRYMY	- 0.81	EXPGY
MARUF	- 0.76	DSDVF
PRYMY	- 0.75	DSDVF

Risk-Adjusted Indicators

There is a big difference between Legrand Pink Sheet performing well and Legrand SA 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 Legrand SA'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
MIELF	2.09	0.28	0.07	0.50	2.59	(2.66)	7.05	(5.75)	17.34
MIELY	1.57	0.28	0.15	0.50	1.38	(1.89)	4.94	(1.92)	12.30
DSDVY	1.36	(0.17)	0.00	(0.26)	0.00	0.00	2.88	(3.09)	10.90
DSDVF	1.52	(0.24)	0.00	(0.18)	0.00	0.00	3.39	(3.28)	13.52
EXPGY	1.02	(0.24)	0.00	(0.34)	0.00	0.00	1.79	(2.26)	6.63
EXPGF	0.63	(0.18)	0.00	8.54	0.00	0.00	1.87	(2.18)	7.92
PRYMF	1.61	0.26	0.11	0.29	1.94	(1.94)	3.44	(3.46)	9.50
PRYMY	1.45	0.32	0.14	0.51	1.51	(1.39)	3.54	(2.58)	8.31
ASAZF	0.72	0.19	0.02	(0.85)	1.06	(3.58)	2.94	(0.56)	12.64
MARUF	2.02	0.22	0.08	0.31	2.32	(2.15)	5.76	(4.82)	14.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Legrand SA 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 Instant Ratings Now

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance

All Next

Launch Module

Legrand SA Corporate Management

Virginie Gatin	Exec Responsibility	Profile
Bndicte Bahier	Ex HR	Profile
Philippe Weber	Deputy Div	Profile
Gloria Glang	Ex Devel	Profile
Ronan Marc	Investor Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC