LondonMetric Property Correlations

LMP Stock

194.90 0.20 0.10%

The current 90-days correlation between LondonMetric Property Plc and Derwent London PLC is -0.01 (i.e., Good diversification). The correlation of LondonMetric Property 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.

LondonMetric Property Correlation With Market

Good diversification

The correlation between LondonMetric Property Plc and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LondonMetric Property Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LondonMetric Stock

0.65	DLN	Derwent London PLC	Pair Corr
0.83	HMSO	Hammerson PLC	Pair Corr
0.91	SUPR	Supermarket Income REIT	Pair Corr
0.74	WKOF	Weiss Korea Opportunity	Pair Corr
0.67	RMMC	River and Mercantile	Pair Corr
0.84	S247	Smarttech247 Group PLC	Pair Corr
0.86	0IKZ	Freddie Mac Earnings Call This Week	Pair Corr
0.75	0I9F	Digital Realty Trust Earnings Call Tomorrow	Pair Corr
0.75	HSX	Hiscox	Pair Corr
0.78	0O2B	Gruppo MutuiOnline SpA	Pair Corr

Moving against LondonMetric Stock

0.63

WKP

Workspace Group PLC Earnings Call This Week

Pair Corr

Related Correlations Analysis

	DLN	HMSO	SUPR	WKP	0IKZ	TGA	0O2B	THX	HSX	S247
DLN		0.57	0.73	0.04	0.47	-0.08	0.54	0.5	0.3	0.47	DLN
HMSO	0.57		0.93	-0.66	0.87	0.26	0.92	0.87	0.88	0.89	HMSO
SUPR	0.73	0.93		-0.57	0.85	0.05	0.88	0.82	0.79	0.86	SUPR
WKP	0.04	-0.66	-0.57		-0.72	-0.17	-0.62	-0.64	-0.8	-0.69	WKP
0IKZ	0.47	0.87	0.85	-0.72		0.14	0.81	0.84	0.83	0.82	0IKZ
TGA	-0.08	0.26	0.05	-0.17	0.14		0.08	0.17	0.23	0.16	TGA
0O2B	0.54	0.92	0.88	-0.62	0.81	0.08		0.86	0.78	0.86	0O2B
THX	0.5	0.87	0.82	-0.64	0.84	0.17	0.86		0.77	0.81	THX
HSX	0.3	0.88	0.79	-0.8	0.83	0.23	0.78	0.77		0.88	HSX
S247	0.47	0.89	0.86	-0.69	0.82	0.16	0.86	0.81	0.88		S247
	DLN	HMSO	SUPR	WKP	0IKZ	TGA	0O2B	THX	HSX	S247

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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

SUPR	+ 0.93	HMSO
0O2B	+ 0.92	HMSO
S247	+ 0.89	HMSO
HSX	+ 0.88	HMSO
0O2B	+ 0.88	SUPR
S247	+ 0.88	HSX

High negative correlations

HSX	- 0.8	WKP
0IKZ	- 0.72	WKP
S247	- 0.69	WKP
WKP	- 0.66	HMSO
THX	- 0.64	WKP
0O2B	- 0.62	WKP

Risk-Adjusted Indicators

There is a big difference between LondonMetric Stock performing well and LondonMetric Property 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 LondonMetric Property'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
DLN	0.85	0.08	(0.06)	(9.07)	1.34	(0.87)	1.74	(2.03)	8.46
HMSO	1.01	0.33	0.11	(2.54)	0.94	(1.18)	2.62	(1.52)	9.02
SUPR	0.67	0.10	(0.07)	(4.25)	0.82	(0.75)	1.66	(1.32)	5.23
WKP	1.22	0.01	(0.08)	(0.37)	1.86	(1.16)	2.09	(2.37)	9.19
0IKZ	2.89	0.56	0.06	(0.68)	3.95	(3.97)	5.08	(4.34)	59.46
TGA	2.96	0.57	0.23	0.43	2.54	(3.78)	5.54	(3.70)	65.50
0O2B	2.23	0.25	0.07	0.57	2.28	(2.50)	6.31	(3.50)	15.07
THX	2.21	0.49	0.07	(0.41)	2.49	(2.50)	5.52	(3.19)	13.03
HSX	0.90	0.19	0.03	3.55	0.84	(1.03)	2.00	(1.76)	9.98
S247	0.97	0.28	0.02	(1.02)	0.88	(5.59)	5.38	(1.96)	15.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in LondonMetric Property 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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