Lucibel Correlations

The correlation of Lucibel 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.

Lucibel Correlation With Market

Good diversification

The correlation between Lucibel and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lucibel and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lucibel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lucibel 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 Lucibel - 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 Lucibel to buy it.

Moving together with Lucibel Stock

  0.63MC LVMH Mot HennessyPairCorr
  0.7CDI Christian Dior SEPairCorr

Moving against Lucibel Stock

  0.63ALNRG EnergismePairCorr
  0.5EXA Exail Technologies Earnings Call This WeekPairCorr
  0.48ALSOG Sogeclair SAPairCorr
  0.46CRLO Caisse RegionalePairCorr
  0.45CRI Chargeurs SAPairCorr
  0.42PWG Prodways Group SAPairCorr
  0.34EN Bouygues SAPairCorr
  0.34ALMLB Miliboo SAPairCorr
  0.31ENGI Engie SAPairCorr
  0.83BLC Bastide Le ConfortPairCorr
  0.63ALDBT DBT SAPairCorr
  0.62ATO Atos SEPairCorr
  0.55COVH Covivio HotelsPairCorr
  0.5ALHF HF Company SAPairCorr
  0.49HDF Hydrogene De FrancePairCorr
  0.47NRO NeuronesPairCorr
  0.47HO Thales SAPairCorr
  0.46ALBPK Broadpeak SAPairCorr
  0.45ENX Euronext NVPairCorr
  0.44ALLOG Logic InstrumePairCorr
  0.39BALYO Balyo SAPairCorr
  0.36TVRB Tlverbier SAPairCorr

Related Correlations Analysis

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Lucibel Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lucibel stock to make a market-neutral strategy. Peer analysis of Lucibel could also be used in its relative valuation, which is a method of valuing Lucibel by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Lucibel Corporate Management

Elected by the shareholders, the Lucibel's board of directors comprises two types of representatives: Lucibel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lucibel. The board's role is to monitor Lucibel's management team and ensure that shareholders' interests are well served. Lucibel'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, Lucibel's outside directors are responsible for providing unbiased perspectives on the board's policies.