Lords Grp Correlations

LORD Stock

48.50 1.00 2.02%

The current 90-days correlation between Lords Grp Trading and Optima Health plc is -0.03 (i.e., Good diversification). The correlation of Lords Grp 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.

Lords Grp Correlation With Market

Good diversification

The correlation between Lords Grp Trading and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lords Grp Trading and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lords Stock

0.9	SMSD	Samsung Electronics	Pair Corr
0.9	BC94	Samsung Electronics	Pair Corr
0.89	SMSN	Samsung Electronics	Pair Corr
0.94	KAP	National Atomic	Pair Corr
0.89	HHPD	Hon Hai Precision	Pair Corr
0.77	RIGD	Reliance Industries	Pair Corr
0.61	POW	Power Metal Resources	Pair Corr
0.87	STAN	Standard Chartered PLC	Pair Corr
0.77	0IN3	Jacquet Metal Service	Pair Corr
0.77	FGP	FirstGroup PLC	Pair Corr
0.92	OIT	Odyssean Investment Trust	Pair Corr
0.85	0QP1	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.85	PAG	Paragon Banking Group	Pair Corr
0.83	WTB	Whitbread PLC	Pair Corr
0.71	ASL	Aberforth Smaller Earnings Call This Week	Pair Corr
0.83	IEM	Impax Environmental	Pair Corr
0.7	WIX	Wickes Group PLC	Pair Corr
0.74	0RKH	BW Offshore	Pair Corr
0.84	0K9L	Nucor Corp	Pair Corr
0.81	0M69	OTP Bank Nyrt	Pair Corr
0.81	DEC	Diversified Energy	Pair Corr
0.61	0R1W	Walmart	Pair Corr
0.92	SPI	Spire Healthcare	Pair Corr
0.82	TTST	Tata Steel Limited	Pair Corr
0.87	0W4N	Formycon AG	Pair Corr
0.91	HSBK	Halyk Bank	Pair Corr
0.87	FME	Future Metals NL	Pair Corr
0.71	SLP	Sylvania Platinum	Pair Corr
0.69	0QYP	Microsoft	Pair Corr
0.94	0HD0	Ally Financial	Pair Corr
0.93	0MKO	Melia Hotels	Pair Corr

Moving against Lords Stock

0.72	RICO	Ricoh	Pair Corr
0.68	0HCI	Alibaba Group Holding	Pair Corr
0.64	TYT	Toyota Motor Corp	Pair Corr
0.37	MET1	Metals One PLC	Pair Corr

Related Correlations Analysis

	OPT	0MKO	0JZ0	MGAM	THRL	ABDX	BBH
OPT		0.47	0.62	0.59	0.84	0.8	0.3	OPT
0MKO	0.47		0.76	0.89	0.46	0.59	0.12	0MKO
0JZ0	0.62	0.76		0.89	0.55	0.75	0.32	0JZ0
MGAM	0.59	0.89	0.89		0.51	0.64	0.3	MGAM
THRL	0.84	0.46	0.55	0.51		0.84	0.41	THRL
ABDX	0.8	0.59	0.75	0.64	0.84		0.31	ABDX
BBH	0.3	0.12	0.32	0.3	0.41	0.31		BBH
	OPT	0MKO	0JZ0	MGAM	THRL	ABDX	BBH

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Risk-Adjusted Indicators

There is a big difference between Lords Stock performing well and Lords Grp 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 Lords Grp'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
OPT	0.99	0.16	0.01	4.79	1.93	(1.20)	2.53	(1.83)	15.65
0MKO	1.08	0.29	0.15	1.04	0.94	(1.35)	3.18	(1.73)	8.29
0JZ0	1.35	0.17	0.06	0.45	1.55	(1.40)	3.16	(2.81)	9.15
MGAM	1.39	0.29	0.14	0.99	1.14	(1.82)	3.55	(1.86)	8.11
THRL	0.79	0.05	(0.06)	0.49	0.79	(1.05)	1.74	(1.18)	6.14
ABDX	0.94	0.04	(0.01)	0.27	1.27	(4.51)	4.00	(3.70)	11.54
BBH	0.88	(0.05)	(0.11)	(0.02)	1.08	(0.96)	1.98	(1.72)	5.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lords Grp 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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