Legal General Correlations

Stocks . UK . 
Stock . Legal General Group
LGEN Stock   243.30  1.90  0.79%   
The current 90-days correlation between Legal General Group and Universal Health Services is -0.16 (i.e., Good diversification). The correlation of Legal General 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.

Legal General Correlation With Market

Average diversification

The correlation between Legal General Group and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legal General Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Legal General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legal General 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 Legal General - 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 Legal General Group to buy it.

Moving together with Legal Stock

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Moving against Legal Stock

  0.650LD8 Target CorpPairCorr

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   
0HRS
+ 0.91
OPT
OPT
+ 0.79
0IN3
0HRS
+ 0.75
ADT1
OPT
+ 0.71
ADT1
0HRS
+ 0.64
GMET
0HRS
+ 0.63
0IN3
  
High negative correlations   
0LJL
- 0.66
0IN3
0LJL
- 0.5
OPT
0LJL
- 0.47
HOC
0HRS
- 0.38
0LJL
0LJL
- 0.29
0KBL
GMET
- 0.16
0KBL

Risk-Adjusted Indicators

There is a big difference between Legal Stock performing well and Legal General 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 Legal General'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 Legal General 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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Legal General Corporate Management

Elected by the shareholders, the Legal General's board of directors comprises two types of representatives: Legal General inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Legal. The board's role is to monitor Legal General's management team and ensure that shareholders' interests are well served. Legal General'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, Legal General's outside directors are responsible for providing unbiased perspectives on the board's policies.
Andrew FairhurstHead SecretariatProfile
Robert BarnardSmithHead LGIMProfile
Simon PistellChief LGIMProfile
Sharon NiebergallDistribution ManagementProfile
Ted HartHead PolicyProfile
Katrina McMillanHead LGIMProfile
Craig BrownChief FinanceProfile
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