Lam Dong Correlations

LDP Stock

10,300 500.00 5.10%

The current 90-days correlation between Lam Dong Pharmaceutical and Elcom Technology Communications is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lam Dong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lam Dong Pharmaceutical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lam Dong Correlation With Market

Significant diversification

The correlation between Lam Dong Pharmaceutical and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lam Dong Pharmaceutical and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lam Stock

0.8	ADS	Damsan JSC	Pair Corr
0.7	AAA	An Phat Plastic	Pair Corr
0.89	AME	Alphanam ME	Pair Corr
0.7	APG	APG Securities Joint	Pair Corr
0.71	ABT	Bentre Aquaproduct Import	Pair Corr

Moving against Lam Stock

0.82	ELC	Elcom Technology Com	Pair Corr
0.8	BCF	Bich Chi Food	Pair Corr
0.76	ICT	Telecoms Informatics JSC	Pair Corr
0.71	FPT	FPT Corp	Pair Corr
0.66	SMA	Saigon Machinery Spare	Pair Corr
0.58	CSV	South Basic Chemicals	Pair Corr
0.45	ABS	Binhthuan Agriculture	Pair Corr

Related Correlations Analysis

	ELC	NKG	DS3	DIH	VHM	STK	HVN	TSC
ELC		-0.76	-0.68	0.0	-0.66	-0.64	0.84	-0.71	ELC
NKG	-0.76		0.63	0.27	0.41	0.66	-0.77	0.69	NKG
DS3	-0.68	0.63		0.11	0.48	0.86	-0.85	0.88	DS3
DIH	0.0	0.27	0.11		-0.04	0.16	-0.02	0.13	DIH
VHM	-0.66	0.41	0.48	-0.04		0.53	-0.65	0.53	VHM
STK	-0.64	0.66	0.86	0.16	0.53		-0.84	0.94	STK
HVN	0.84	-0.77	-0.85	-0.02	-0.65	-0.84		-0.9	HVN
TSC	-0.71	0.69	0.88	0.13	0.53	0.94	-0.9		TSC
	ELC	NKG	DS3	DIH	VHM	STK	HVN	TSC

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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

TSC	+ 0.94	STK
TSC	+ 0.88	DS3
STK	+ 0.86	DS3
HVN	+ 0.84	ELC
TSC	+ 0.69	NKG
STK	+ 0.66	NKG

High negative correlations

TSC	- 0.9	HVN
HVN	- 0.85	DS3
HVN	- 0.84	STK
HVN	- 0.77	NKG
NKG	- 0.76	ELC
TSC	- 0.71	ELC

Risk-Adjusted Indicators

There is a big difference between Lam Stock performing well and Lam Dong 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 Lam Dong'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
ELC	1.00	0.19	0.09	1.11	1.15	(1.05)	2.66	(2.04)	7.38
NKG	1.42	(0.56)	0.00	31.37	0.00	0.00	1.45	(3.78)	21.81
DS3	2.53	(0.23)	0.00	(1.51)	0.00	0.00	6.12	(5.66)	15.93
DIH	1.85	0.01	(0.02)	0.02	2.08	(3.39)	5.16	(4.40)	14.93
VHM	1.33	(0.13)	0.00	(2.33)	0.00	0.00	3.43	(3.74)	12.34
STK	0.62	(0.11)	0.00	(1.05)	0.00	0.00	1.22	(1.76)	3.53
HVN	2.02	0.48	0.22	1.23	1.58	(2.48)	5.56	(3.23)	10.80
TSC	0.85	(0.22)	0.00	(4.24)	0.00	0.00	1.51	(1.99)	6.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lam Dong 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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