Luduson G Correlations

LDSN Stock

USD 0 0.0009 18.00%

The current 90-days correlation between Luduson G and Denison Mines Corp is -0.02 (i.e., Good 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

Significant diversification

The correlation between Luduson G and DJI is 0.03 (i.e., Significant 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 against Luduson OTC Stock

0.58	FOX	Fox Corp Class	Pair Corr
0.55	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.52	UNVGY	Universal Music Group	Pair Corr
0.35	LYV	Live Nation Entertainment	Pair Corr
0.32	UMGNF	Universal Music Group	Pair Corr
0.31	MZHOF	Mizuho Financial	Pair Corr
0.67	HGBL	Heritage Global	Pair Corr
0.64	AHOTF	American Hotel Income	Pair Corr
0.61	MIDD	Middleby Corp	Pair Corr
0.58	ILIKF	Ilika plc	Pair Corr
0.57	MBAV	M3 Brigade Acquisition	Pair Corr
0.54	DTRUY	Daimler Truck Holding	Pair Corr
0.49	KT	KT Corporation	Pair Corr
0.47	RCTFF	Rochester Resources	Pair Corr
0.45	O	Realty Income	Pair Corr
0.45	BAYZF	Bayer AG	Pair Corr
0.44	MSLVF	Mantaro Silver Corp	Pair Corr
0.35	ARCO	Arcos Dorados Holdings	Pair Corr
0.74	AGS	PlayAGS	Pair Corr
0.41	COOTW	Australian Oilseeds	Pair Corr
0.39	HERF	Red Oak Hereford	Pair Corr

Related Correlations Analysis

	SID	SIM	MAANF	PKX	GDQMF	MT	DNN	SEVT
SID		0.01	-0.19	0.26	0.07	0.31	0.07	0.0	SID
SIM	0.01		-0.5	0.06	-0.29	-0.37	0.39	0.0	SIM
MAANF	-0.19	-0.5		0.15	0.73	0.64	-0.71	0.0	MAANF
PKX	0.26	0.06	0.15		0.61	0.59	-0.53	0.0	PKX
GDQMF	0.07	-0.29	0.73	0.61		0.82	-0.87	0.0	GDQMF
MT	0.31	-0.37	0.64	0.59	0.82		-0.83	0.0	MT
DNN	0.07	0.39	-0.71	-0.53	-0.87	-0.83		0.0	DNN
SEVT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SEVT
	SID	SIM	MAANF	PKX	GDQMF	MT	DNN	SEVT

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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

MT	+ 0.82	GDQMF
GDQMF	+ 0.73	MAANF
MT	+ 0.64	MAANF
GDQMF	+ 0.61	PKX
MT	+ 0.59	PKX
DNN	+ 0.39	SIM

High negative correlations

DNN	- 0.87	GDQMF
DNN	- 0.83	MT
DNN	- 0.71	MAANF
DNN	- 0.53	PKX
MAANF	- 0.5	SIM
MT	- 0.37	SIM

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
SID	2.61	(0.04)	0.00	(0.15)	0.00	0.00	7.19	(5.30)	12.60
SIM	2.24	0.05	0.02	(0.01)	3.20	(2.96)	4.98	(6.81)	26.87
MAANF	5.01	1.03	0.07	(1.30)	5.76	(21.77)	25.00	(8.70)	58.70
PKX	1.75	0.26	0.13	0.25	2.01	(1.84)	4.76	(3.58)	11.46
GDQMF	2.89	0.60	0.11	0.78	2.82	(5.85)	7.69	(5.00)	21.69
MT	2.05	0.43	0.24	0.71	1.73	(2.62)	6.03	(2.93)	16.40
DNN	2.92	(0.47)	0.00	(0.62)	0.00	0.00	4.62	(6.47)	30.33
SEVT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

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