London Stock Correlations

LDNXF Stock

USD 147.20 1.70 1.17%

The current 90-days correlation between London Stock Exchange and Deutsche Brse AG is 0.08 (i.e., Significant diversification). The correlation of London Stock 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.

London Stock Correlation With Market

Significant diversification

The correlation between London Stock Exchange and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding London Stock Exchange and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with London Pink Sheet

0.69	CME	CME Group	Pair Corr
0.91	LNSTY	London Stock Exchange	Pair Corr
0.7	NDAQ	Nasdaq Inc	Pair Corr
0.64	SLF	Sun Life Financial	Pair Corr
0.74	BBAI	BigBearai Holdings Upward Rally	Pair Corr
0.71	IONQ	IONQ Inc Trending	Pair Corr
0.75	SOUN	SoundHound AI Trending	Pair Corr
0.64	LUNR	Intuitive Machines Buyout Trend	Pair Corr
0.66	FUND	Sprott Focus Trust	Pair Corr

Moving against London Pink Sheet

0.78	MCAE	Mountain Crest Acqui	Pair Corr
0.62	MCAEU	Mountain Crest Acqui	Pair Corr
0.46	NIHK	Video River Networks	Pair Corr
0.42	ICE	Intercontinental Exchange	Pair Corr
0.64	GLUC	Glucose Health	Pair Corr
0.37	IQ	iQIYI Inc	Pair Corr

Related Correlations Analysis

	DBOEF	SPXCF	HKXCF	MSCI	LNSTY	OTCM	DNB
DBOEF		0.04	0.24	0.22	0.21	-0.12	-0.25	DBOEF
SPXCF	0.04		-0.27	0.36	0.59	0.38	0.36	SPXCF
HKXCF	0.24	-0.27		0.33	-0.23	-0.02	-0.14	HKXCF
MSCI	0.22	0.36	0.33		0.43	0.63	0.47	MSCI
LNSTY	0.21	0.59	-0.23	0.43		0.7	0.63	LNSTY
OTCM	-0.12	0.38	-0.02	0.63	0.7		0.81	OTCM
DNB	-0.25	0.36	-0.14	0.47	0.63	0.81		DNB
	DBOEF	SPXCF	HKXCF	MSCI	LNSTY	OTCM	DNB

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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

DNB	+ 0.81	OTCM
OTCM	+ 0.7	LNSTY
OTCM	+ 0.63	MSCI
DNB	+ 0.63	LNSTY
LNSTY	+ 0.59	SPXCF
DNB	+ 0.47	MSCI

High negative correlations

HKXCF	- 0.27	SPXCF
DNB	- 0.25	DBOEF
LNSTY	- 0.23	HKXCF
DNB	- 0.14	HKXCF
OTCM	- 0.12	DBOEF
OTCM	- 0.02	HKXCF

Risk-Adjusted Indicators

There is a big difference between London Pink Sheet performing well and London Stock 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 London Stock'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
DBOEF	1.55	0.09	0.00	(0.18)	1.95	(1.90)	3.88	(3.10)	9.82
SPXCF	1.35	0.05	0.00	0.57	1.94	(2.00)	2.92	(4.43)	11.71
HKXCF	3.92	0.56	0.09	1.72	4.48	(5.02)	10.74	(6.46)	37.56
MSCI	0.98	0.11	0.05	0.64	1.13	(1.00)	1.97	(1.81)	5.72
LNSTY	0.77	0.07	0.02	0.37	0.92	(0.84)	1.66	(1.48)	5.62
OTCM	1.14	0.25	0.11	8.15	1.29	(1.32)	2.86	(2.64)	7.92
DNB	1.03	0.07	0.03	0.27	1.00	(1.16)	2.61	(1.75)	11.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in London Stock 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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