LPI Capital Correlations

8621 Stock

12.66 0.06 0.47%

The current 90-days correlation between LPI Capital Bhd and Malayan Banking Bhd is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LPI Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LPI Capital Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LPI Capital Correlation With Market

Good diversification

The correlation between LPI Capital Bhd and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LPI Capital Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LPI Stock

0.63

7088

Poh Huat Resources

Pair Corr

Moving against LPI Stock

0.47	8869	Press Metal Bhd	Pair Corr
0.58	4456	Dagang Nexchange Bhd	Pair Corr
0.58	0126	Microlink Solutions Bhd	Pair Corr
0.53	9008	Omesti Bhd	Pair Corr
0.41	0075	Lyc Healthcare Bhd	Pair Corr
0.4	0104	Genetec Technology Bhd	Pair Corr
0.38	3255	Heineken Bhd	Pair Corr
0.34	7232	Resintech Bhd	Pair Corr
0.33	0083	Notion Vtec Bhd	Pair Corr

Related Correlations Analysis

	1155	1295	5183	5347	5225	5819	8869	6033	3816
1155		0.3	0.75	0.82	-0.05	0.52	0.02	0.19	0.67	1155
1295	0.3		0.39	0.21	-0.32	0.37	0.55	0.37	0.46	1295
5183	0.75	0.39		0.54	0.05	0.54	0.48	0.18	0.41	5183
5347	0.82	0.21	0.54		-0.26	0.5	-0.15	0.3	0.68	5347
5225	-0.05	-0.32	0.05	-0.26		-0.06	0.0	-0.5	-0.38	5225
5819	0.52	0.37	0.54	0.5	-0.06		0.31	0.56	0.39	5819
8869	0.02	0.55	0.48	-0.15	0.0	0.31		0.24	0.07	8869
6033	0.19	0.37	0.18	0.3	-0.5	0.56	0.24		0.34	6033
3816	0.67	0.46	0.41	0.68	-0.38	0.39	0.07	0.34		3816
	1155	1295	5183	5347	5225	5819	8869	6033	3816

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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

5347	+ 0.82	1155
5183	+ 0.75	1155
3816	+ 0.68	5347
3816	+ 0.67	1155
6033	+ 0.56	5819
8869	+ 0.55	1295

High negative correlations

6033	- 0.5	5225
3816	- 0.38	5225
5225	- 0.32	1295
5225	- 0.26	5347
8869	- 0.15	5347
5819	- 0.06	5225

Risk-Adjusted Indicators

There is a big difference between LPI Stock performing well and LPI Capital 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 LPI Capital'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
1155	0.54	(0.08)	2.20	0.99	(1.18)	2.66
1295	0.82	(0.06)	1.18	1.79	(1.74)	6.79
5183	1.44	(0.21)	1.70	2.84	(3.45)	10.88
5347	0.85	(0.04)	4.52	2.07	(2.10)	5.63
5225	0.61	(0.02)	0.42	1.27	(1.40)	6.76
5819	0.55	(0.03)	(1.07)	1.06	(1.30)	3.52
8869	1.29	(0.06)	0.12	3.67	(3.38)	10.00
6033	0.40	(0.02)	(0.50)	0.92	(0.93)	2.86
3816	0.80	(0.16)	(0.62)	1.61	(2.03)	6.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in LPI Capital 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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