Lloyds Banking Correlations

LLPC Stock

142.75 0.25 0.18%

The correlation of Lloyds Banking 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lloyds Banking Correlation With Market

Significant diversification

The correlation between Lloyds Banking Group 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 Lloyds Banking Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lloyds Stock

0.65	0R1O	Amazon Inc	Pair Corr
0.65	EZJ	EasyJet PLC	Pair Corr
0.66	0N7I	Cairo Communication SpA	Pair Corr
0.72	BLU	Blue Star Capital	Pair Corr
0.67	0JSC	Bath Body Works	Pair Corr

Moving against Lloyds Stock

0.77	0KZA	SM Energy	Pair Corr
0.67	ARB	Argo Blockchain PLC	Pair Corr
0.49	0R2O	Freeport McMoRan	Pair Corr
0.38	IIG	Intuitive Investments	Pair Corr
0.34	0KS2	Public Service Enterprise	Pair Corr
0.33	0KDU	Overstock	Pair Corr
0.5	LABS	Life Science REIT	Pair Corr
0.38	CAPD	Capital Drilling	Pair Corr
0.32	XLM	XLMedia PLC	Pair Corr

Related Correlations Analysis

	TYT	0R15	0M69	0R2O	0RR8	0KCI	0HF7	0QYD	0I9F
TYT		0.61	0.04	-0.63	0.58	0.46	0.6	0.06	0.48	TYT
0R15	0.61		-0.18	-0.72	0.75	0.66	0.71	0.13	0.71	0R15
0M69	0.04	-0.18		0.0	0.04	0.08	0.03	-0.17	-0.05	0M69
0R2O	-0.63	-0.72	0.0		-0.71	-0.65	-0.71	-0.01	-0.78	0R2O
0RR8	0.58	0.75	0.04	-0.71		0.94	0.95	0.32	0.82	0RR8
0KCI	0.46	0.66	0.08	-0.65	0.94		0.92	0.27	0.82	0KCI
0HF7	0.6	0.71	0.03	-0.71	0.95	0.92		0.35	0.84	0HF7
0QYD	0.06	0.13	-0.17	-0.01	0.32	0.27	0.35		0.3	0QYD
0I9F	0.48	0.71	-0.05	-0.78	0.82	0.82	0.84	0.3		0I9F
	TYT	0R15	0M69	0R2O	0RR8	0KCI	0HF7	0QYD	0I9F

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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

0HF7	+ 0.95	0RR8
0KCI	+ 0.94	0RR8
0HF7	+ 0.92	0KCI
0I9F	+ 0.84	0HF7
0I9F	+ 0.82	0RR8
0I9F	+ 0.82	0KCI

High negative correlations

0I9F	- 0.78	0R2O
0R2O	- 0.72	0R15
0HF7	- 0.71	0R2O
0RR8	- 0.71	0R2O
0KCI	- 0.65	0R2O
0R2O	- 0.63	TYT

Risk-Adjusted Indicators

There is a big difference between Lloyds Stock performing well and Lloyds Banking 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 Lloyds Banking'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
TYT	0.91	0.10	0.03	2.79	1.40	(1.69)	2.39	(2.42)	10.47
0R15	2.24	0.30	0.09	(0.38)	2.61	(2.46)	5.13	(4.30)	13.83
0M69	5.32	0.88	0.00	0.28	0.00	0.00	0.46	0.00	107.82
0R2O	1.62	(0.30)	0.00	(1.22)	0.00	0.00	3.37	(3.80)	11.88
0RR8	1.34	0.18	0.11	0.52	1.32	(1.73)	2.82	(2.44)	15.36
0KCI	1.40	0.12	0.04	0.28	2.21	(1.39)	2.81	(3.32)	11.32
0HF7	0.87	0.11	0.08	0.65	0.82	(0.98)	1.71	(1.54)	11.52
0QYD	0.82	0.00	(0.02)	0.04	0.92	(1.03)	2.44	(1.51)	6.12
0I9F	1.01	0.15	0.10	0.36	1.02	(1.06)	1.76	(1.91)	13.13

Be your own money manager

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