LONDON STEXUNSPADRS12 Correlations

LS4D Stock

EUR 33.80 0.60 1.81%

The correlation of LONDON STEXUNSPADRS12 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 STEXUNSPADRS12 Correlation With Market

Good diversification

The correlation between LONDON STEXUNSPADRS12 and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LONDON STEXUNSPADRS12 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LONDON STEXUNSPADRS12 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 STEXUNSPADRS12 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 STEXUNSPADRS12 - 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 STEXUNSPADRS12 to buy it.

Moving together with LONDON Stock

0.71	DB1	Deutsche Brse AG	Pair Corr
0.89	NAQ	Nasdaq Inc	Pair Corr
0.62	C67	Cboe Global Markets	Pair Corr
0.87	SOUU	SINGAPORE EXUNSPADR15 Split	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.88	AMZ	Amazon Inc	Pair Corr
0.87	AMZ	Amazon Inc	Pair Corr
0.9	SAP	SAP SE	Pair Corr
0.86	HEI	Heidelberg Materials	Pair Corr
0.84	8II	PLAYTIKA HOLDING	Pair Corr
0.82	AKX	ANSYS Inc	Pair Corr
0.74	E6Q	GOLD ROAD RES	Pair Corr
0.85	BN9	The Bank	Pair Corr
0.78	TF7A	Tyson Foods	Pair Corr
0.9	7SU	Summit Materials	Pair Corr
0.8	UF2	Sunstone Hotel Investors	Pair Corr
0.62	E908	Lyxor 1	Pair Corr

Moving against LONDON Stock

0.82	VOWB	VOLKSWAGEN AG VZ	Pair Corr
0.81	VOW	Volkswagen AG	Pair Corr
0.8	VOW3	Volkswagen AG VZO	Pair Corr
0.8	VOW3	Volkswagen AG	Pair Corr
0.58	DBPD	Xtrackers ShortDAX	Pair Corr
0.54	C4X	Onxeo SA	Pair Corr
0.43	IU2	Yara International ASA	Pair Corr

Related Correlations Analysis

	LS4D	AUX1	SOUU	8SP	39O1	IUI1	INL	RS6	RRU	XYTA
LS4D		0.6	0.87	-0.63	-0.46	0.89	0.26	0.78	0.64	0.02	LS4D
AUX1	0.6		0.8	-0.45	0.02	0.73	0.39	0.71	0.66	0.43	AUX1
SOUU	0.87	0.8		-0.64	-0.3	0.95	0.41	0.89	0.65	0.19	SOUU
8SP	-0.63	-0.45	-0.64		0.49	-0.75	-0.65	-0.73	-0.43	-0.3	8SP
39O1	-0.46	0.02	-0.3	0.49		-0.48	-0.08	-0.31	0.02	0.31	39O1
IUI1	0.89	0.73	0.95	-0.75	-0.48		0.47	0.92	0.61	0.14	IUI1
INL	0.26	0.39	0.41	-0.65	-0.08	0.47		0.66	0.3	0.33	INL
RS6	0.78	0.71	0.89	-0.73	-0.31	0.92	0.66		0.6	0.18	RS6
RRU	0.64	0.66	0.65	-0.43	0.02	0.61	0.3	0.6		0.44	RRU
XYTA	0.02	0.43	0.19	-0.3	0.31	0.14	0.33	0.18	0.44		XYTA
	LS4D	AUX1	SOUU	8SP	39O1	IUI1	INL	RS6	RRU	XYTA

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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

IUI1	+ 0.95	SOUU
RS6	+ 0.92	IUI1
IUI1	+ 0.89	LS4D
RS6	+ 0.89	SOUU
SOUU	+ 0.87	LS4D
SOUU	+ 0.8	AUX1

High negative correlations

IUI1	- 0.75	8SP
RS6	- 0.73	8SP
INL	- 0.65	8SP
8SP	- 0.64	SOUU
8SP	- 0.63	LS4D
IUI1	- 0.48	39O1

Risk-Adjusted Indicators

There is a big difference between LONDON Stock performing well and LONDON STEXUNSPADRS12 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 STEXUNSPADRS12'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
LS4D	1.33	0.18	0.05	(1.69)	1.25	(1.75)	3.23	(2.52)	8.08
AUX1	0.89	0.08	0.01	0.34	1.06	(1.22)	1.96	(1.52)	6.80
SOUU	1.50	0.30	0.09	1.72	1.61	(2.15)	3.64	(2.56)	14.68
8SP	2.10	(0.25)	0.00	(0.16)	0.00	0.00	3.36	(4.50)	20.22
39O1	3.51	(0.01)	0.01	0.08	3.48	(5.40)	8.41	(5.63)	24.06
IUI1	1.20	0.18	0.11	0.39	1.13	(1.30)	3.28	(2.07)	10.53
INL	2.47	0.18	0.05	0.34	2.66	(3.06)	7.04	(5.34)	16.28
RS6	1.33	0.07	0.11	0.12	1.16	(1.53)	2.94	(2.03)	13.65
RRU	1.62	0.37	0.12	(0.81)	1.75	(1.81)	3.33	(3.10)	10.56
XYTA	11.55	3.72	0.13	2.19	8.11	(58.33)	33.33	(20.00)	233.33

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Our tools can tell you how much better you can do entering a position in LONDON STEXUNSPADRS12 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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