LEGAL GENERAL Correlations

LGI Stock

EUR 2.94 0.07 2.44%

The current 90-days correlation between LEGAL GENERAL and Apple Inc is 0.05 (i.e., Significant 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.

LEGAL GENERAL Correlation With Market

Average diversification

The correlation between LEGAL GENERAL and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LEGAL GENERAL 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 to buy it.

Moving together with LEGAL Stock

0.68	FFP	Peugeot Invest Socit	Pair Corr
0.65	G1MN	Globex Mining Enterprises	Pair Corr
0.62	KB2	MATSA RESOURCES	Pair Corr
0.78	SNM	Snam SpA	Pair Corr
0.7	RTHA	Wilmar International	Pair Corr
0.74	A4A	ANGLO ASIAN MINING	Pair Corr
0.68	JCM	Japan Cash Machine	Pair Corr
0.67	M1W	GOLDQUEST MINING	Pair Corr
0.87	SOBA	ATT Inc	Pair Corr
0.75	WAC	Wacker Neuson SE	Pair Corr
0.76	AF4	HANOVER INSURANCE	Pair Corr
0.74	HSB	HANG SENG BK	Pair Corr
0.8	ABR	Barrick Gold	Pair Corr
0.72	6E2	Endeavour Mining PLC Earnings Call This Week	Pair Corr
0.65	2M6	Medtronic PLC	Pair Corr
0.83	KEI	Keisei Electric Railway Split	Pair Corr
0.84	91D	COMPASS INCCLA 00001	Pair Corr
0.71	I8MA	SIMS LTD ADR	Pair Corr
0.82	G1A	GEA GROUP	Pair Corr
0.67	RHM	Rheinmetall AG	Pair Corr

Moving against LEGAL Stock

0.68	MSF	Microsoft	Pair Corr
0.67	MSF	Microsoft	Pair Corr
0.66	MSF	Microsoft	Pair Corr
0.66	MSF	Microsoft	Pair Corr
0.65	MSF	Microsoft	Pair Corr
0.59	BUU	DevEx Resources	Pair Corr
0.37	APC	Apple Inc	Pair Corr
0.37	APC	Apple Inc	Pair Corr
0.36	APC	Apple Inc	Pair Corr
0.36	APC	Apple Inc	Pair Corr
0.36	AMZ	Amazon Inc	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ
APC		0.99	0.95	0.98	0.62	0.6	0.6	0.62	0.61	0.5	APC
APC	0.99		0.95	0.98	0.63	0.6	0.6	0.61	0.61	0.49	APC
APC	0.95	0.95		0.95	0.57	0.52	0.53	0.55	0.53	0.42	APC
APC	0.98	0.98	0.95		0.62	0.6	0.61	0.61	0.61	0.52	APC
MSF	0.62	0.63	0.57	0.62		0.96	0.96	0.96	0.96	0.8	MSF
MSF	0.6	0.6	0.52	0.6	0.96		1.0	0.99	1.0	0.81	MSF
MSF	0.6	0.6	0.53	0.61	0.96	1.0		0.99	1.0	0.82	MSF
MSF	0.62	0.61	0.55	0.61	0.96	0.99	0.99		0.99	0.81	MSF
MSF	0.61	0.61	0.53	0.61	0.96	1.0	1.0	0.99		0.81	MSF
AMZ	0.5	0.49	0.42	0.52	0.8	0.81	0.82	0.81	0.81		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
APC	1.23	(0.26)	(2.71)	1.74	(3.92)	9.09
APC	1.25	(0.22)	(0.69)	2.12	(3.05)	9.67
APC	1.25	(0.24)	7.76	2.13	(3.56)	10.38
APC	1.34	(0.25)	(0.98)	3.16	(4.20)	11.01
MSF	1.04	(0.26)	4.75	1.96	(2.25)	10.19
MSF	1.11	(0.20)	(0.50)	2.13	(2.32)	10.42
MSF	1.11	(0.21)	(0.51)	2.34	(2.42)	10.90
MSF	1.10	(0.21)	(0.73)	1.27	(2.64)	12.60
MSF	1.08	(0.21)	(0.61)	1.77	(2.73)	10.50
AMZ	1.23	(0.23)	(0.45)	2.39	(2.47)	7.53

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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