Lendlease Global Correlations

LLGCF Stock

0.45 0.00 0.00%

The correlation of Lendlease Global 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.

Lendlease Global Correlation With Market

Significant diversification

The correlation between Lendlease Global Commercial and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lendlease Global Commercial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lendlease Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lendlease Global 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 Lendlease Global - 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 Lendlease Global Commercial to buy it.

Moving together with Lendlease Pink Sheet

0.85	BRK-A	Berkshire Hathaway	Pair Corr
0.66	AONNY	Aeon Co	Pair Corr
0.88	FREKF	freee KK	Pair Corr
0.7	COOTW	Australian Oilseeds	Pair Corr
0.75	TD	Toronto Dominion Bank	Pair Corr
0.91	MSLVF	Mantaro Silver Corp	Pair Corr
0.82	MDLZ	Mondelez International	Pair Corr
0.82	GRWC	Grow Capital	Pair Corr
0.68	WZZAF	Wizz Air Holdings	Pair Corr
0.61	GOTRF	Goliath Resources	Pair Corr
0.61	CWPS	Conwest Assoc Part	Pair Corr
0.87	MBAV	M3 Brigade Acquisition	Pair Corr
0.86	SGAPY	Singapore Telecommunicatio	Pair Corr
0.88	SR	Spire Inc	Pair Corr
0.63	DVRNF	Deveron Corp	Pair Corr
0.61	GLBXF	Globex Mining Enterprises	Pair Corr

Moving against Lendlease Pink Sheet

0.81	GOOG	Alphabet Class C	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.67	AMZN	Amazon Inc	Pair Corr
0.48	NVDA	NVIDIA Aggressive Push	Pair Corr
0.46	DMIFF	Diamcor Mining	Pair Corr
0.34	SES	SES AI Corp	Pair Corr
0.61	QMCO	Quantum Trending	Pair Corr
0.45	CHNXF	ChitogenX	Pair Corr
0.33	FUAPF	Global Cannabis Appl	Pair Corr

Related Correlations Analysis

	GZITF	JDSPY	RYAAY	CNLFF	LECO	UL	NKE	HLMN
GZITF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GZITF
JDSPY	0.0		-0.57	-0.69	-0.1	-0.11	-0.03	0.52	JDSPY
RYAAY	0.0	-0.57		0.26	0.36	0.56	0.45	-0.08	RYAAY
CNLFF	0.0	-0.69	0.26		0.01	-0.25	-0.32	-0.48	CNLFF
LECO	0.0	-0.1	0.36	0.01		-0.07	0.52	0.59	LECO
UL	0.0	-0.11	0.56	-0.25	-0.07		0.21	0.01	UL
NKE	0.0	-0.03	0.45	-0.32	0.52	0.21		0.23	NKE
HLMN	0.0	0.52	-0.08	-0.48	0.59	0.01	0.23		HLMN
	GZITF	JDSPY	RYAAY	CNLFF	LECO	UL	NKE	HLMN

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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

HLMN	+ 0.59	LECO
UL	+ 0.56	RYAAY
HLMN	+ 0.52	JDSPY
NKE	+ 0.52	LECO
NKE	+ 0.45	RYAAY
LECO	+ 0.36	RYAAY

High negative correlations

CNLFF	- 0.69	JDSPY
RYAAY	- 0.57	JDSPY
HLMN	- 0.48	CNLFF
NKE	- 0.32	CNLFF
UL	- 0.25	CNLFF
UL	- 0.11	JDSPY

Risk-Adjusted Indicators

There is a big difference between Lendlease Pink Sheet performing well and Lendlease Global 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 Lendlease Global'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
GZITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JDSPY	2.68	(0.46)	0.00	1.94	0.00	0.00	6.31	(5.61)	19.90
RYAAY	1.53	0.17	0.10	0.10	1.71	(1.79)	3.53	(3.09)	12.11
CNLFF	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68
LECO	1.23	0.00	0.00	(0.09)	0.00	0.00	2.91	(3.18)	13.78
UL	0.87	0.04	0.09	0.31	1.32	(0.94)	1.80	(1.91)	8.26
NKE	1.40	(0.01)	0.00	(0.11)	0.00	0.00	3.29	(2.80)	9.15
HLMN	1.51	(0.20)	0.00	(0.29)	0.00	0.00	2.80	(3.37)	7.61

Lendlease Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lendlease Global pink sheet to make a market-neutral strategy. Peer analysis of Lendlease Global could also be used in its relative valuation, which is a method of valuing Lendlease Global by comparing valuation metrics with similar companies.

Yuexiu Transport Infrastructure JD Sports Fashion Ryanair Holdings PLC Canlan Ice Sports Lincoln Electric Holdings Unilever PLC ADR Nike Inc Hillman Solutions Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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