LICOGI 13 Correlations

LIG Stock

2,900 100.00 3.33%

The current 90-days correlation between LICOGI 13 and Picomat Plastic JSC is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LICOGI 13 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LICOGI 13 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LICOGI 13 Correlation With Market

Good diversification

The correlation between LICOGI 13 and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LICOGI 13 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LICOGI 13 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LICOGI 13 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 LICOGI 13 - 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 LICOGI 13 to buy it.

Moving together with LICOGI Stock

0.84	ADS	Damsan JSC	Pair Corr
0.8	AAA	An Phat Plastic	Pair Corr
0.82	AME	Alphanam ME	Pair Corr
0.61	AAM	Mekong Fisheries JSC	Pair Corr
0.8	ABT	Bentre Aquaproduct Import	Pair Corr

Moving against LICOGI Stock

0.73	ICT	Telecoms Informatics JSC	Pair Corr
0.72	BCF	Bich Chi Food	Pair Corr
0.64	ELC	Elcom Technology Com	Pair Corr
0.58	SMA	Saigon Machinery Spare	Pair Corr
0.51	FPT	FPT Corp	Pair Corr
0.32	CSV	South Basic Chemicals	Pair Corr

Related Correlations Analysis

	PCH	DAT	TDT	MST	PGI	VC2	NBB
PCH		-0.46	-0.1	0.52	-0.19	0.48	-0.06	PCH
DAT	-0.46		0.3	-0.58	0.47	-0.56	-0.13	DAT
TDT	-0.1	0.3		0.23	0.3	-0.13	-0.59	TDT
MST	0.52	-0.58	0.23		-0.05	0.67	-0.44	MST
PGI	-0.19	0.47	0.3	-0.05		-0.28	-0.53	PGI
VC2	0.48	-0.56	-0.13	0.67	-0.28		0.0	VC2
NBB	-0.06	-0.13	-0.59	-0.44	-0.53	0.0		NBB
	PCH	DAT	TDT	MST	PGI	VC2	NBB

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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

VC2	+ 0.67	MST
MST	+ 0.52	PCH
VC2	+ 0.48	PCH
PGI	+ 0.47	DAT
TDT	+ 0.3	DAT
PGI	+ 0.3	TDT

High negative correlations

NBB	- 0.59	TDT
MST	- 0.58	DAT
VC2	- 0.56	DAT
NBB	- 0.53	PGI
DAT	- 0.46	PCH
NBB	- 0.44	MST

Risk-Adjusted Indicators

There is a big difference between LICOGI Stock performing well and LICOGI 13 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 LICOGI 13'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
PCH	0.87	0.08	0.02	0.68	1.12	(1.40)	2.50	(1.56)	9.51
DAT	1.49	(0.01)	0.00	0.09	0.00	0.00	4.25	(3.37)	12.50
TDT	0.55	0.05	0.01	0.26	0.57	(1.58)	1.49	(1.47)	2.96
MST	1.91	0.36	0.13	1.28	1.52	(3.38)	5.36	(3.51)	13.96
PGI	1.15	(0.06)	0.00	(0.83)	0.00	0.00	3.22	(3.33)	11.80
VC2	2.08	0.32	0.12	1.01	1.81	(2.99)	6.25	(3.37)	14.81
NBB	1.22	0.01	(0.01)	0.08	1.59	(1.64)	3.38	(2.61)	11.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in LICOGI 13 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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