Lyxor PEA Correlations

PUST Etf  EUR 78.90  0.71  0.89%   
The current 90-days correlation between Lyxor PEA Nasdaq and Amundi Index Solutions is -0.1 (i.e., Good diversification). The correlation of Lyxor PEA 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.

Lyxor PEA Correlation With Market

Modest diversification

The correlation between Lyxor PEA Nasdaq and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor PEA Nasdaq and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lyxor PEA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor PEA 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 Lyxor PEA - 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 Lyxor PEA Nasdaq to buy it.

Moving together with Lyxor Etf

  0.9JPNH Lyxor UCITS JapanPairCorr
  0.81MSE Lyxor UCITS StoxxPairCorr
  0.81CAC Amundi CAC 40PairCorr
  0.81CACC Lyxor CAC 40PairCorr
  0.74EMLD SSgA SPDR ETFsPairCorr
  0.96HHH HSBC SP 500PairCorr
  0.97SPY5 SPDR SP 500PairCorr
  0.76LVE Lyxor UCITS StoxxPairCorr
  0.91LUXU Amundi SP GlobalPairCorr
  0.94ELCR Amundi MSCI SmartPairCorr
  0.69CI2U Amundi MSCI IndiaPairCorr
  0.97EQQQ Invesco EQQQ NASDAQPairCorr
  0.94BNKE Amundi Euro StoxxPairCorr
  0.85ELLE Amundi Global GenderPairCorr
  0.87SPY4 SSgA SPDR SPPairCorr

Moving against Lyxor Etf

  0.38GBS Gold Bullion SecuritiesPairCorr

Related Correlations Analysis

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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   
MSFTMETA
JPMMSFT
JPMMETA
AMETA
JPMF
FUBER
  
High negative correlations   
MRKCRM
XOMCRM

Lyxor PEA Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor PEA 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 Lyxor PEA'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.47  0.31  0.27  0.41  0.82 
 3.99 
 10.48 
MSFT  0.86  0.33  0.38  0.59  0.00 
 2.33 
 8.85 
UBER  1.61  0.18  0.12  0.34  1.40 
 4.19 
 10.87 
F  1.30  0.17  0.08  0.40  1.40 
 2.69 
 7.46 
T  1.00 (0.02)(0.10) 0.10  1.30 
 2.35 
 5.71 
A  1.50 (0.07) 0.02  0.12  1.79 
 2.58 
 14.01 
CRM  1.30 (0.15)(0.04) 0.06  1.69 
 2.95 
 9.31 
JPM  0.87  0.22  0.18  0.42  0.58 
 2.25 
 6.03 
MRK  1.38  0.11 (0.06)(0.10) 1.96 
 2.88 
 10.58 
XOM  1.12  0.04 (0.06) 0.32  1.38 
 2.40 
 6.28 

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Our tools can tell you how much better you can do entering a position in Lyxor PEA 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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