Eli Lilly Correlations

Stocks . Germany . 
Stock . Eli Lilly and
LLY Stock   764.20  33.50  4.58%   
The current 90-days correlation between Eli Lilly and Treasury Wine Estates is -0.09 (i.e., Good diversification). The correlation of Eli Lilly 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.

Eli Lilly Correlation With Market

Modest diversification

The correlation between Eli Lilly and and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eli Lilly and and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Eli Lilly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eli Lilly 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 Eli Lilly - 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 Eli Lilly and to buy it.

Moving together with Eli Stock

  0.84PFE Pfizer IncPairCorr
  0.88ZEG AstraZeneca PLCPairCorr
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  0.67MTO METTLER TOLEDO INTLPairCorr
  0.66MTO METTLER TOLEDO INTLPairCorr
  0.63MTO Mitie Group PLCPairCorr
  0.6527J Impinj IncPairCorr
  0.6827J Impinj IncPairCorr

Moving against Eli Stock

  0.74ADH2 Air CanadaPairCorr
  0.63GIS General MillsPairCorr
  0.361DH Clarkson PLCPairCorr
  0.313EJ LODESTAR MIN SplitPairCorr
  0.74BKJ Brinker InternationalPairCorr
  0.72WD1 WD 40 COPairCorr
  0.67ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.66G8L GREENLIGHT CAP REPairCorr
  0.66TL0 Tesla IncPairCorr
  0.6274F LIFE BANC SPLITPairCorr
  0.58MNL Gruppo Mutuionline SpAPairCorr
  0.5TC7 TIANDE CHEMICALPairCorr
  0.45MKL Atea ASAPairCorr
  0.31117 Arista Networks SplitPairCorr
  0.75NDA Aurubis AGPairCorr
  0.72EMR EMERSON ELECTRICPairCorr
  0.7151KB AVITA MedicalPairCorr
  0.68HU3 Huntington BancsharesPairCorr

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   
SUI
+ 0.87
SQE
MUG
+ 0.6
SUI
TC7
+ 0.51
SQE
SEH
+ 0.49
T7W
MUG
+ 0.47
SQE
SUI
+ 0.28
TC7
  
High negative correlations   
TC7
- 0.73
SEH
SQE
- 0.56
SEH
SQE
- 0.36
T7W
SUI
- 0.34
SEH
TC7
- 0.33
T7W
SUI
- 0.23
T7W

Risk-Adjusted Indicators

There is a big difference between Eli Stock performing well and Eli Lilly 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 Eli Lilly'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 Eli Lilly 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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Eli Lilly Corporate Management

Elected by the shareholders, the Eli Lilly's board of directors comprises two types of representatives: Eli Lilly inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eli. The board's role is to monitor Eli Lilly's management team and ensure that shareholders' interests are well served. Eli Lilly'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, Eli Lilly's outside directors are responsible for providing unbiased perspectives on the board's policies.
David RicksCEO ChairmanProfile
Jacob NaardenCEO VPProfile
Alonzo WeemsVP OfficerProfile
Diogo RauVP OfficerProfile
Donald ZakrowskiChief FinProfile
Anat AshkenaziVP CFOProfile
Leigh PuseySr CommunicationsProfile
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