Lumen Technologies, Correlations

L1MN34 Stock  BRL 29.00  0.86  3.06%   
The current 90-days correlation between Lumen Technologies, and Electronic Arts is -0.12 (i.e., Good diversification). The correlation of Lumen Technologies, 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.

Lumen Technologies, Correlation With Market

Weak diversification

The correlation between Lumen Technologies, and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lumen Technologies, and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lumen Technologies, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lumen Technologies, 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 Lumen Technologies, - 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 Lumen Technologies, to buy it.

Moving together with Lumen Stock

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  0.76EXXO34 Exxon MobilPairCorr

Moving against Lumen Stock

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  0.71BABA34 Alibaba Group HoldingPairCorr
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  0.67TIMS3 TIM SAPairCorr
  0.6VIVT3 Telefnica BrasilPairCorr
  0.56ATTB34 ATT IncPairCorr
  0.51T1MU34 T MobilePairCorr
  0.51SNEC34 Sony GroupPairCorr
  0.76ASAI3 Sendas DistribuidoraPairCorr
  0.71ALUP11 Alupar InvestimentoPairCorr
  0.71SANB4 Banco Santander SAPairCorr
  0.71CEEB5 Companhiade EletricidadePairCorr
  0.68ENMT3 Energisa Mato GrossoPairCorr
  0.66BRSR3 Banco do EstadoPairCorr
  0.66M1CB34 Molson Coors BeveragePairCorr
  0.58SANB4F SANB4FPairCorr
  0.56XPBR31 Xp IncPairCorr
  0.56H1ES34 HessPairCorr
  0.53ORVR3 Orizon ValorizaoPairCorr
  0.51ENGI11 Energisa SAPairCorr
  0.51MDTC34 Medtronic plcPairCorr
  0.43SNSY5 Sansuy SAPairCorr
  0.77CTKA3 Karsten SAPairCorr
  0.74D1FS34 Discover FinancialPairCorr
  0.73AURA33 Aura MineralsPairCorr
  0.7BPAC5 Banco BTG PactualPairCorr
  0.67CEBR6 Companhia EnergticaPairCorr
  0.65ITSA3 Itasa InvestimentosPairCorr

Related Correlations Analysis

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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   
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S1KM34CHCM34
EAIN34Z2IT34
  
High negative correlations   
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S1KM34FIQE3
EAIN34FIQE3
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Risk-Adjusted Indicators

There is a big difference between Lumen Stock performing well and Lumen Technologies, 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 Lumen Technologies,'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lumen Technologies, 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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