LHC Correlations

Stocks . Vietnam . 
Stock . LHC
LHC Stock   71,400  200.00  0.28%   
The current 90-days correlation between LHC and Nafoods Group JSC is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LHC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LHC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LHC Correlation With Market

Significant diversification

The correlation between LHC 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 LHC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LHC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LHC 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 LHC - 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 LHC to buy it.

Moving together with LHC Stock

  0.64AME Alphanam MEPairCorr

Moving against LHC Stock

  0.64BCF Bich Chi FoodPairCorr
  0.6SMA Saigon Machinery SparePairCorr
  0.59ICT Telecoms Informatics JSCPairCorr
  0.56ELC Elcom Technology ComPairCorr
  0.52FPT FPT CorpPairCorr
  0.44CSV South Basic ChemicalsPairCorr
  0.35FMC Sao Ta FoodsPairCorr

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   
PVS
+ 0.89
VNM
PVS
+ 0.79
NAF
VNM
+ 0.74
NAF
L18
+ 0.72
DTD
LAF
+ 0.64
L18
LAF
+ 0.55
BHN
  
High negative correlations   
L18
- 0.88
PVS
L18
- 0.81
NAF
L18
- 0.78
VNM
LAF
- 0.62
VNM
LAF
- 0.61
PVS
PVS
- 0.61
DTD

Risk-Adjusted Indicators

There is a big difference between LHC Stock performing well and LHC 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 LHC'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.

Be your own money manager

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