Lasertec Correlations

LSRCY Stock

USD 37.89 0.35 0.92%

The current 90-days correlation between Lasertec and BYD Electronic is 0.11 (i.e., Average diversification). The correlation of Lasertec 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.

Lasertec Correlation With Market

Modest diversification

The correlation between Lasertec and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lasertec and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lasertec Pink Sheet

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0.84	ASMLF	ASML Holding NV	Pair Corr
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0.89	KLAC	KLA Tencor	Pair Corr
0.9	TOELY	Tokyo Electron	Pair Corr
0.9	TOELF	Tokyo Electron	Pair Corr
0.95	TER	Teradyne	Pair Corr
0.81	ASMIY	ASM International	Pair Corr
0.8	ASMXF	ASM International	Pair Corr
0.71	ZTLLF	Zonetail	Pair Corr
0.8	CRNT	Ceragon Networks Earnings Call This Week	Pair Corr
0.69	HTWSF	Helios Towers plc	Pair Corr
0.69	BBNX	Beta Bionics, Common	Pair Corr
0.84	MAYAR	Maywood Acquisition Corp	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.68	ALB	Albemarle Corp	Pair Corr
0.64	LTRCF	LotteryLimited	Pair Corr
0.65	PXPHF	Pexip Holding ASA	Pair Corr
0.84	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.66	KGFHY	Kingfisher PLC ADR	Pair Corr
0.62	AEP	American Electric Power Earnings Call This Week	Pair Corr

Moving against Lasertec Pink Sheet

0.76	NSFDF	NXT Energy Solutions	Pair Corr
0.75	ADVWW	Advantage Solutions	Pair Corr
0.33	WOWI	Metro One Telecommun	Pair Corr
0.42	GMBLP	Esports Entertainment	Pair Corr
0.4	ULTXF	Ultra Resources	Pair Corr

Related Correlations Analysis

	BESVF	BESIY	DINRF	BYDIY	SNPTF	SOTGY	BYDIF	CCOEY	CCOEF	OCLCF
BESVF		-0.01	0.46	-0.46	-0.22	-0.15	-0.45	-0.02	0.17	0.08	BESVF
BESIY	-0.01		-0.71	-0.16	0.82	0.07	-0.18	0.2	-0.82	-0.82	BESIY
DINRF	0.46	-0.71		-0.19	-0.79	-0.29	-0.21	-0.05	0.75	0.62	DINRF
BYDIY	-0.46	-0.16	-0.19		0.1	0.62	0.66	0.47	0.1	0.3	BYDIY
SNPTF	-0.22	0.82	-0.79	0.1		0.25	0.11	0.31	-0.85	-0.72	SNPTF
SOTGY	-0.15	0.07	-0.29	0.62	0.25		0.52	0.47	-0.07	0.16	SOTGY
BYDIF	-0.45	-0.18	-0.21	0.66	0.11	0.52		0.4	0.15	0.37	BYDIF
CCOEY	-0.02	0.2	-0.05	0.47	0.31	0.47	0.4		-0.11	0.0	CCOEY
CCOEF	0.17	-0.82	0.75	0.1	-0.85	-0.07	0.15	-0.11		0.82	CCOEF
OCLCF	0.08	-0.82	0.62	0.3	-0.72	0.16	0.37	0.0	0.82		OCLCF
	BESVF	BESIY	DINRF	BYDIY	SNPTF	SOTGY	BYDIF	CCOEY	CCOEF	OCLCF

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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

SNPTF	+ 0.82	BESIY
OCLCF	+ 0.82	CCOEF
CCOEF	+ 0.75	DINRF
BYDIF	+ 0.66	BYDIY
OCLCF	+ 0.62	DINRF
SOTGY	+ 0.62	BYDIY

High negative correlations

CCOEF	- 0.85	SNPTF
OCLCF	- 0.82	BESIY
CCOEF	- 0.82	BESIY
SNPTF	- 0.79	DINRF
OCLCF	- 0.72	SNPTF
DINRF	- 0.71	BESIY

Risk-Adjusted Indicators

There is a big difference between Lasertec Pink Sheet performing well and Lasertec 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 Lasertec'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
BESVF	0.30	(0.08)	0.00	0.59	0.00	0.00	0.00	0.00	6.82
BESIY	2.10	0.18	0.07	0.24	2.18	(2.66)	4.44	(4.06)	18.15
DINRF	5.04	(0.50)	0.00	(0.96)	0.00	0.00	12.36	(14.56)	41.07
BYDIY	3.50	(0.22)	(0.02)	0.00	4.08	(3.85)	7.12	(6.51)	23.22
SNPTF	0.61	0.18	0.00	(0.59)	0.00	0.00	0.00	0.00	16.28
SOTGY	3.07	(0.21)	(0.02)	0.00	3.54	(3.38)	6.44	(5.61)	15.97
BYDIF	2.61	0.18	(0.01)	(0.02)	3.43	(3.97)	7.84	(7.67)	22.55
CCOEY	1.28	(0.15)	0.00	(0.05)	0.00	0.00	2.50	(2.60)	9.00
CCOEF	0.32	(0.09)	0.00	(5.63)	0.00	0.00	0.49	(0.64)	6.25
OCLCF	0.51	(0.24)	0.00	1.57	0.00	0.00	0.00	(0.62)	9.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lasertec 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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Lasertec Corporate Management

Koichi Moriizumi	Chief Officer	Profile
Yutaro Misawa	Exec CFO	Profile
Tetsuya Sendoda	Sales Officer	Profile
Osamu Okabayashi	Ex Pres	Profile
Haruhiko Kusunose	Ex Chairman	Profile
Hirokazu Seki	Sr 3	Profile
Atsushi Tajima	Ex Officer	Profile

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