Legrand SA Correlations
| LGRDY Stock | USD 22.73 0.26 1.13% |
The current 90-days correlation between Legrand SA ADR and Signify NV is 0.17 (i.e., Average diversification). The correlation of Legrand SA 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.
Legrand SA Correlation With Market
Modest diversification
The correlation between Legrand SA ADR and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legrand SA ADR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Legrand SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legrand SA 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 Legrand SA - 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 Legrand SA ADR to buy it.
Moving together with Legrand Pink Sheet
| 0.8 | LGRVF | Legrand SA | PairCorr |
| 0.67 | PTLKF | PT Lippo Karawaci | PairCorr |
| 0.77 | EC | Ecopetrol SA ADR | PairCorr |
| 0.7 | PKX | POSCO Holdings | PairCorr |
| 0.79 | DNCVF | Defiance Silver Corp | PairCorr |
| 0.67 | CDR-PB | Cedar Realty Trust | PairCorr |
| 0.83 | AXSM | Axsome Therapeutics | PairCorr |
| 0.9 | CBYDF | Corby Spirit | PairCorr |
| 0.81 | NVRO | Nevro Corp | PairCorr |
| 0.71 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.88 | TCTZF | Tencent Holdings | PairCorr |
Moving against Legrand Pink Sheet
| 0.69 | 2457 | Phihong Technology | PairCorr |
| 0.68 | VRT | Vertiv Holdings | PairCorr |
| 0.65 | PUTKY | United Tractors Tbk | PairCorr |
| 0.4 | PTAIY | Astra International Tbk | PairCorr |
| 0.31 | PIFMY | Indofood Sukses Makmur | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Legrand Pink Sheet performing well and Legrand SA 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 Legrand SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFGYF | 3.14 | (0.32) | 0.00 | (1.22) | 0.00 | 9.09 | 40.38 | |||
| LPENF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGEN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EPOW | 3.46 | 0.37 | 0.09 | 2.25 | 3.92 | 6.98 | 28.04 | |||
| SFFYF | 0.54 | (0.06) | 0.00 | 0.06 | 0.00 | 0.00 | 21.90 | |||
| ENR | 1.01 | (0.27) | 0.00 | (0.68) | 0.00 | 1.73 | 6.06 | |||
| TNTLF | 0.89 | (0.18) | 0.00 | (0.61) | 0.00 | 1.61 | 16.90 | |||
| HYEG | 80.00 | 42.84 | 1.05 | 1.68 | 23.26 | 134.29 | 2,018 | |||
| AXPWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABHBY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Legrand SA Corporate Management
| Virginie Gatin | Exec Responsibility | Profile | |
| Bndicte Bahier | Ex HR | Profile | |
| Philippe Weber | Deputy Div | Profile | |
| Gloria Glang | Ex Devel | Profile | |
| Ronan Marc | Investor Officer | Profile |