Libstar Holdings Correlations

LBR Stock

421.00 1.00 0.24%

The current 90-days correlation between Libstar Holdings and Prosus NV is -0.09 (i.e., Good diversification). The correlation of Libstar Holdings 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.

Libstar Holdings Correlation With Market

Good diversification

The correlation between Libstar Holdings 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 Libstar Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Libstar Stock

0.69

AHL

AH Vest Limited

Pair Corr

Moving against Libstar Stock

0.6	SOL	Sasol	Pair Corr
0.58	MTN	MTN Group	Pair Corr
0.4	BRN	Brimstone Investment	Pair Corr
0.37	GLN	Glencore PLC	Pair Corr

Related Correlations Analysis

	TRL	GLI	PRX	RTN	GFI	HMN	PAN	EXP
TRL		0.0	0.22	0.07	0.1	0.21	-0.02	-0.07	TRL
GLI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GLI
PRX	0.22	0.0		-0.86	0.64	0.91	0.62	0.13	PRX
RTN	0.07	0.0	-0.86		-0.58	-0.84	-0.65	0.01	RTN
GFI	0.1	0.0	0.64	-0.58		0.66	0.89	-0.05	GFI
HMN	0.21	0.0	0.91	-0.84	0.66		0.69	0.06	HMN
PAN	-0.02	0.0	0.62	-0.65	0.89	0.69		-0.02	PAN
EXP	-0.07	0.0	0.13	0.01	-0.05	0.06	-0.02		EXP
	TRL	GLI	PRX	RTN	GFI	HMN	PAN	EXP

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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

HMN	+ 0.91	PRX
PAN	+ 0.89	GFI
PAN	+ 0.69	HMN
HMN	+ 0.66	GFI
GFI	+ 0.64	PRX
PAN	+ 0.62	PRX

High negative correlations

RTN	- 0.86	PRX
HMN	- 0.84	RTN
PAN	- 0.65	RTN
GFI	- 0.58	RTN
EXP	- 0.07	TRL
EXP	- 0.05	GFI

Risk-Adjusted Indicators

There is a big difference between Libstar Stock performing well and Libstar Holdings 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 Libstar Holdings' 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
TRL	1.45	(0.05)	0.00	(0.03)	0.00	0.00	3.39	(3.68)	25.44
GLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRX	1.15	0.17	0.04	2.86	1.12	(1.37)	3.39	(2.04)	10.77
RTN	0.27	(0.09)	0.00	1.66	0.00	0.00	0.00	0.00	7.44
GFI	1.93	0.06	(0.03)	(2.23)	2.39	(2.13)	4.61	(4.95)	12.01
HMN	26.53	13.48	9.38	79.74	0.00	(28.00)	2.03	(2.00)	893.04
PAN	1.86	0.15	0.03	0.48	2.09	(2.07)	4.05	(3.84)	10.56
EXP	859.30	465.67	0.00	(2.81)	0.00	0.00	6.51	(4.35)	9,997

Be your own money manager

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

Elected by the shareholders, the Libstar Holdings' board of directors comprises two types of representatives: Libstar Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Libstar. The board's role is to monitor Libstar Holdings' management team and ensure that shareholders' interests are well served. Libstar Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Libstar Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

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