Deutsche Lufthansa Correlations
| LHA Stock | EUR 7.40 0.16 2.12% |
The current 90-days correlation between Deutsche Lufthansa and GOODYEAR T RUBBER is 0.19 (i.e., Average diversification). The correlation of Deutsche Lufthansa 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.
Deutsche Lufthansa Correlation With Market
Average diversification
The correlation between Deutsche Lufthansa AG and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Lufthansa AG and DJI in the same portfolio, assuming nothing else is changed.
Deutsche |
The ability to find closely correlated positions to Deutsche Lufthansa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Lufthansa 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 Deutsche Lufthansa - 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 Deutsche Lufthansa AG to buy it.
Moving together with Deutsche Stock
| 0.72 | RY4C | Ryanair Holdings plc | PairCorr |
| 0.77 | RY4C | Ryanair Holdings plc | PairCorr |
| 0.62 | PKX | POSCO Holdings | PairCorr |
| 0.62 | C6TB | CHINA BANK ADR20 Earnings Call Tomorrow | PairCorr |
| 0.82 | JYS1 | JYSKE BANK | PairCorr |
| 0.67 | TLLB | Trelleborg AB | PairCorr |
| 0.85 | 5TP | BLUE LABEL | PairCorr |
| 0.88 | TKA | thyssenkrupp AG | PairCorr |
| 0.89 | BSN | Danone SA | PairCorr |
| 0.84 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.8 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Deutsche Stock
| 0.79 | OYC | Delta Air Lines | PairCorr |
| 0.69 | SWN | Southwest Airlines | PairCorr |
| 0.69 | LGLG | LG Electronics | PairCorr |
| 0.45 | TOMA | Toyota Motor | PairCorr |
| 0.8 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.35 | T9V | TASTY PLC LS | PairCorr |
Related Correlations Analysis
| 0.38 | 0.32 | 0.26 | 0.15 | 0.58 | GTR | ||
| 0.38 | 0.22 | 0.76 | 0.73 | 0.3 | QCH | ||
| 0.32 | 0.22 | 0.05 | 0.17 | 0.12 | CQD | ||
| 0.26 | 0.76 | 0.05 | 0.69 | 0.27 | CMW | ||
| 0.15 | 0.73 | 0.17 | 0.69 | -0.04 | SMA | ||
| 0.58 | 0.3 | 0.12 | 0.27 | -0.04 | EZM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Deutsche Stock performing well and Deutsche Lufthansa 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 Deutsche Lufthansa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTR | 2.51 | 0.01 | 0.00 | (0.03) | 0.00 | 5.23 | 24.35 | |||
| QCH | 1.61 | 0.27 | 0.15 | (4.75) | 1.54 | 2.95 | 19.34 | |||
| CQD | 1.23 | (0.10) | 0.00 | (0.27) | 0.00 | 2.38 | 9.32 | |||
| CMW | 2.38 | 0.21 | 0.06 | 0.47 | 2.82 | 5.26 | 24.24 | |||
| SMA | 0.87 | 0.04 | 0.03 | 0.18 | 1.07 | 2.13 | 8.18 | |||
| EZM | 2.01 | 0.01 | 0.02 | 0.06 | 2.56 | 5.93 | 19.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Deutsche Lufthansa 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?
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Deutsche Lufthansa Corporate Management
Elected by the shareholders, the Deutsche Lufthansa's board of directors comprises two types of representatives: Deutsche Lufthansa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deutsche. The board's role is to monitor Deutsche Lufthansa's management team and ensure that shareholders' interests are well served. Deutsche Lufthansa'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, Deutsche Lufthansa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dennis Weber | Head Relations | Profile | |
| Roland Schtz | Chief Officer | Profile | |
| Michael Niggemann | Chief Board | Profile | |
| Christina Foerster | Chief Board | Profile | |
| Jorg Eberhart | Head Devel | Profile | |
| Remco Steenbergen | Member CFO | Profile | |
| Detlef Kayser | COO Board | Profile |