London Stock Correlations

LSEG Stock

11,495 45.00 0.39%

The current 90-days correlation between London Stock Exchange and State Bank of is 0.24 (i.e., Modest diversification). The correlation of London Stock 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.

London Stock Correlation With Market

Good diversification

The correlation between London Stock Exchange and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding London Stock Exchange and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to London Stock 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 Stock 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 Stock - 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 Stock Exchange to buy it.

Moving together with London Stock

0.91	IHG	InterContinental Hotels	Pair Corr
0.89	III	3I Group PLC	Pair Corr
0.79	0HOY	Boston Scientific Corp	Pair Corr
0.81	SSON	Smithson Investment Trust	Pair Corr
0.93	WISE	Wise plc	Pair Corr
0.79	0P5L	Axway Software SA	Pair Corr
0.79	0N7I	Cairo Communication SpA	Pair Corr
0.77	BGEO	Bank of Georgia	Pair Corr
0.8	SMDS	DS Smith PLC	Pair Corr
0.88	MNKS	Monks Investment Trust	Pair Corr
0.9	GST	GSTechnologies Earnings Call Today	Pair Corr
0.86	0R1O	Amazon Inc	Pair Corr
0.9	DEC	Diversified Energy	Pair Corr
0.77	0K2K	Molson Coors Beverage	Pair Corr
0.7	0R15	SoftBank Group Corp	Pair Corr
0.73	RR	Rolls Royce Holdings	Pair Corr
0.66	DOM	Dominos Pizza Group	Pair Corr

Moving against London Stock

0.76	VOD	Vodafone Group PLC	Pair Corr
0.76	GLEN	Glencore PLC	Pair Corr
0.5	ULVR	Unilever PLC	Pair Corr
0.47	DGE	Diageo PLC	Pair Corr
0.42	PRU	Prudential plc	Pair Corr
0.4	RIO	Rio Tinto PLC	Pair Corr
0.31	BA	BAE Systems plc	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO
SMSD		0.98	0.92	-0.48	-0.67	-0.75	0.9	-0.78	0.8	-0.45	SMSD
SMSN	0.98		0.92	-0.49	-0.63	-0.78	0.91	-0.82	0.81	-0.49	SMSN
HYUD	0.92	0.92		-0.6	-0.7	-0.85	0.86	-0.85	0.73	-0.61	HYUD
TYT	-0.48	-0.49	-0.6		0.33	0.68	-0.49	0.66	-0.34	0.44	TYT
SBID	-0.67	-0.63	-0.7	0.33		0.47	-0.53	0.6	-0.41	0.59	SBID
0R15	-0.75	-0.78	-0.85	0.68	0.47		-0.83	0.74	-0.72	0.48	0R15
RIGD	0.9	0.91	0.86	-0.49	-0.53	-0.83		-0.76	0.93	-0.44	RIGD
HSBK	-0.78	-0.82	-0.85	0.66	0.6	0.74	-0.76		-0.61	0.69	HSBK
AXB	0.8	0.81	0.73	-0.34	-0.41	-0.72	0.93	-0.61		-0.29	AXB
GTCO	-0.45	-0.49	-0.61	0.44	0.59	0.48	-0.44	0.69	-0.29		GTCO
	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO

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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

SMSN	+ 0.98	SMSD
AXB	+ 0.93	RIGD
HYUD	+ 0.92	SMSD
HYUD	+ 0.92	SMSN
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD

High negative correlations

HSBK	- 0.85	HYUD
0R15	- 0.85	HYUD
RIGD	- 0.83	0R15
HSBK	- 0.82	SMSN
0R15	- 0.78	SMSN
HSBK	- 0.78	SMSD

Risk-Adjusted Indicators

There is a big difference between London Stock performing well and London Stock 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 Stock'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
SMSD	1.63	(0.32)	0.00	2.09	0.00	0.00	3.81	(3.51)	10.50
SMSN	1.71	(0.35)	0.00	4.55	0.00	0.00	3.19	(4.00)	13.39
HYUD	1.85	(0.29)	0.00	(1.33)	0.00	0.00	3.67	(4.07)	11.89
TYT	1.03	0.16	0.06	(1.87)	1.43	(1.79)	2.51	(2.42)	12.48
SBID	1.09	0.06	0.03	0.24	1.25	(1.23)	2.44	(2.30)	8.15
0R15	2.30	0.47	0.17	(1.80)	2.37	(2.64)	5.19	(4.10)	13.37
RIGD	0.93	(0.26)	0.00	1.41	0.00	0.00	1.51	(2.21)	5.85
HSBK	1.02	0.11	0.07	0.49	1.09	(1.17)	2.39	(2.30)	8.48
AXB	1.03	(0.17)	0.00	5.43	0.00	0.00	2.04	(2.00)	6.54
GTCO	0.90	0.04	0.01	0.16	1.45	(3.04)	3.93	(3.85)	11.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in London Stock 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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London Stock Corporate Management

Elected by the shareholders, the London Stock's board of directors comprises two types of representatives: London Stock inside directors who are chosen from within the company, and outside directors, selected externally and held independent of London. The board's role is to monitor London Stock's management team and ensure that shareholders' interests are well served. London Stock's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, London Stock's outside directors are responsible for providing unbiased perspectives on the board's policies.

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