Lennar Correlations

Stocks . Germany . 
Stock . Lennar
LNN Stock  EUR 109.30  0.94  0.87%   
The current 90-days correlation between Lennar and LAir Liquide SA is 0.06 (i.e., Significant diversification). The correlation of Lennar 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.

Lennar Correlation With Market

Significant diversification

The correlation between Lennar and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lennar and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lennar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lennar 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 Lennar - 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 Lennar to buy it.

Moving together with Lennar Stock

  0.9HO2 DR HortonPairCorr
  0.93LNN0 LENNAR P BPairCorr
  0.92NVE NVR IncPairCorr
  0.75SPH1 Sekisui HousePairCorr
  0.86PU7 PulteGroupPairCorr
  0.81TLK Toll BrothersPairCorr
  0.86HO1 HologicPairCorr

Moving against Lennar Stock

  0.84MM0 MONETA MONEY BANKPairCorr
  0.73SLT SCHALTBAU HOLDINGPairCorr
  0.6C2H Copa Holdings SAPairCorr
  0.59SUI Sekisui ChemicalPairCorr
  0.52IDI InterDigitalPairCorr
  0.41IPOK Heidelberger BeteiligungsholdPairCorr
  0.86KONN Komercn banka asPairCorr
  0.8119YA Yiren Digital Earnings Call TomorrowPairCorr
  0.81DEZ Deutz AG Earnings Call This WeekPairCorr
  0.72IBE1 Iberdrola SAPairCorr
  0.71YSN secunet Security Networks Earnings Call This WeekPairCorr
  0.69MARA MARUBENI CORPPairCorr
  0.67WPHB Warehouses De PauwPairCorr
  0.644BB1 BUDWEISER BREWUNSPADR/4PairCorr
  0.57T04 TITOMIC LTDPairCorr
  0.52KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.528KH TOREX SEMICONDUCTOR LTDPairCorr
  0.554M Motorcar PartsPairCorr
  0.44BOI7 IMAGI INTL NEWPairCorr
  0.41TMLF TMBThanachart Bank PublicPairCorr
  0.32TH3B PCCWPairCorr
  0.31A0T American Tower CorpPairCorr
  0.88DPU DUNDEE PRECIOUS METPairCorr
  0.84APM AD PEPPER MEDIAPairCorr
  0.8307M China Modern DairyPairCorr
  0.8STD STANDARD CHARTEREDPairCorr

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   
AS7
+ 0.89
AIL
98Q
+ 0.87
AIL
AS7
+ 0.74
98Q
BZU
+ 0.64
98Q
BZU
+ 0.45
AIL
BZU
+ 0.44
DSG
  
High negative correlations   
AS7
- 0.53
DSG
BZU
- 0.33
SCG
DSG
- 0.28
AIL
DSG
- 0.23
SCG
SCG
- 0.18
98Q
SCG
- 0.14
AIL

Risk-Adjusted Indicators

There is a big difference between Lennar Stock performing well and Lennar 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 Lennar'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 Lennar 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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Risk-Return Analysis

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Lennar Corporate Management

Elected by the shareholders, the Lennar's board of directors comprises two types of representatives: Lennar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lennar. The board's role is to monitor Lennar's management team and ensure that shareholders' interests are well served. Lennar'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, Lennar's outside directors are responsible for providing unbiased perspectives on the board's policies.
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