Land Securities Correlations

LDSCY Stock

USD 7.26 0.05 0.68%

The current 90-days correlation between Land Securities Group and Sonos Inc is 0.11 (i.e., Average diversification). The correlation of Land Securities 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.

Land Securities Correlation With Market

Good diversification

The correlation between Land Securities Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Land Securities Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Land Pink Sheet

0.69	VICI	VICI Properties	Pair Corr
0.65	WPC	W P Carey Sell-off Trend	Pair Corr
0.63	INGVF	ING Groep NV	Pair Corr
0.61	FINV	FinVolution Group Normal Trading	Pair Corr

Moving against Land Pink Sheet

0.64	PPERY	Bank Mandiri Persero	Pair Corr
0.62	TLK	Telkom Indonesia Tbk	Pair Corr
0.62	PBCRF	PT Bank Central	Pair Corr
0.6	PBCRY	Bank Central Asia	Pair Corr
0.59	PPERF	Bank Mandiri Persero	Pair Corr
0.54	ISPOW	Thayer Ventures Acqu	Pair Corr
0.49	GSEFF	Covivio	Pair Corr
0.48	GMGSF	Goodman Group	Pair Corr
0.48	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.47	BKRKY	Bank Rakyat	Pair Corr
0.32	GLE	Global Engine Group	Pair Corr

Related Correlations Analysis

	SONO	SEVT	GLMFF	TWI	FLUT	NCMI	GFL	PKX
SONO		0.0	0.0	-0.62	0.34	0.53	-0.63	-0.73	SONO
SEVT	0.0		-1.0	0.0	0.0	0.0	0.0	0.0	SEVT
GLMFF	0.0	-1.0		0.0	0.0	0.0	0.0	0.0	GLMFF
TWI	-0.62	0.0	0.0		0.2	0.07	0.43	0.23	TWI
FLUT	0.34	0.0	0.0	0.2		0.83	-0.2	-0.64	FLUT
NCMI	0.53	0.0	0.0	0.07	0.83		-0.33	-0.76	NCMI
GFL	-0.63	0.0	0.0	0.43	-0.2	-0.33		0.45	GFL
PKX	-0.73	0.0	0.0	0.23	-0.64	-0.76	0.45		PKX
	SONO	SEVT	GLMFF	TWI	FLUT	NCMI	GFL	PKX

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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

NCMI	+ 0.83	FLUT
NCMI	+ 0.53	SONO
PKX	+ 0.45	GFL
GFL	+ 0.43	TWI
FLUT	+ 0.34	SONO
PKX	+ 0.23	TWI

High negative correlations

GLMFF	- 1.0	SEVT
PKX	- 0.76	NCMI
PKX	- 0.73	SONO
PKX	- 0.64	FLUT
GFL	- 0.63	SONO
TWI	- 0.62	SONO

Risk-Adjusted Indicators

There is a big difference between Land Pink Sheet performing well and Land Securities 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 Land Securities' 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
SONO	1.80	(0.23)	0.00	(0.22)	0.00	0.00	4.86	(4.13)	14.04
SEVT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLMFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWI	2.49	0.33	0.09	0.15	3.03	(2.84)	6.63	(4.66)	16.00
FLUT	1.69	(0.11)	0.00	(0.14)	0.00	0.00	3.26	(3.62)	14.24
NCMI	2.14	(0.22)	0.00	(0.35)	0.00	0.00	4.01	(4.28)	26.42
GFL	1.14	0.10	0.09	0.17	1.28	(1.23)	2.97	(2.11)	7.38
PKX	1.86	0.22	0.09	0.25	2.32	(1.89)	4.76	(3.76)	14.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Land Securities 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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