Luduson G Correlations

LDSN Stock

USD 0 0.0001 2.50%

The current 90-days correlation between Luduson G and The Cheesecake Factory is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Luduson G moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luduson G moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Luduson G Correlation With Market

Average diversification

The correlation between Luduson G and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luduson G and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Luduson OTC Stock

0.65

LNDNF

Lundin Energy AB

Pair Corr

Moving against Luduson OTC Stock

0.48	KOREF	KORE Mining	Pair Corr
0.41	LYV	Live Nation Entertainment	Pair Corr
0.34	UNVGY	Universal Music Group Earnings Call Today	Pair Corr
0.33	UMGNF	Universal Music Group Earnings Call Today	Pair Corr
0.32	FOX	Fox Corp Class	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.52	JPM	JPMorgan Chase	Pair Corr
0.45	CSCO	Cisco Systems	Pair Corr
0.38	T	ATT Inc Aggressive Push	Pair Corr
0.34	KO	Coca Cola Aggressive Push	Pair Corr
0.33	IBM	International Business	Pair Corr

Related Correlations Analysis

	CAKE	TTWO	CBRL	FWRG	DENN	BLMN	BYD	RBLX
CAKE		0.53	0.37	0.91	-0.11	-0.01	0.86	0.71	CAKE
TTWO	0.53		-0.35	0.55	-0.39	-0.2	0.7	0.19	TTWO
CBRL	0.37	-0.35		0.33	0.39	-0.03	0.2	0.66	CBRL
FWRG	0.91	0.55	0.33		-0.1	-0.06	0.81	0.71	FWRG
DENN	-0.11	-0.39	0.39	-0.1		0.59	-0.13	-0.11	DENN
BLMN	-0.01	-0.2	-0.03	-0.06	0.59		-0.05	-0.45	BLMN
BYD	0.86	0.7	0.2	0.81	-0.13	-0.05		0.62	BYD
RBLX	0.71	0.19	0.66	0.71	-0.11	-0.45	0.62		RBLX
	CAKE	TTWO	CBRL	FWRG	DENN	BLMN	BYD	RBLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FWRG	+ 0.91	CAKE
BYD	+ 0.86	CAKE
BYD	+ 0.81	FWRG
RBLX	+ 0.71	CAKE
RBLX	+ 0.71	FWRG
BYD	+ 0.7	TTWO

High negative correlations

RBLX	- 0.45	BLMN
DENN	- 0.39	TTWO
CBRL	- 0.35	TTWO
BLMN	- 0.2	TTWO
BYD	- 0.13	DENN
RBLX	- 0.11	DENN

Risk-Adjusted Indicators

There is a big difference between Luduson OTC Stock performing well and Luduson G OTC Stock 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 Luduson G'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
CAKE	1.63	0.23	0.13	0.34	1.62	(1.92)	4.31	(2.32)	10.34
TTWO	1.26	0.21	0.14	1.71	1.24	(1.38)	2.75	(2.22)	15.70
CBRL	2.56	(0.01)	0.00	0.03	0.00	0.00	5.45	(4.78)	21.25
FWRG	2.07	0.26	0.12	0.25	2.02	(2.41)	5.48	(3.55)	12.51
DENN	2.92	(0.24)	0.00	(0.24)	0.00	0.00	5.75	(5.53)	30.21
BLMN	2.32	(0.04)	0.00	(0.02)	0.00	0.00	5.62	(4.10)	15.29
BYD	0.88	0.07	0.05	0.13	1.28	(0.83)	1.52	(1.59)	5.94
RBLX	1.87	0.25	0.09	0.80	2.53	(2.07)	4.05	(4.00)	19.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Luduson G 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.

Did you try this?

Run AI Portfolio Architect Now

AI Portfolio Architect

Use AI to generate optimal portfolios and find profitable investment opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC