Lanxess AG Correlations
| LNXSF Stock | USD 24.43 0.53 2.22% |
The current 90-days correlation between Lanxess AG and Air Products and is 0.06 (i.e., Significant diversification). The correlation of Lanxess AG 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.
Lanxess AG Correlation With Market
Good diversification
The correlation between Lanxess AG and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lanxess AG and DJI in the same portfolio, assuming nothing else is changed.
Lanxess |
The ability to find closely correlated positions to Lanxess AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lanxess AG 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 Lanxess AG - 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 Lanxess AG to buy it.
Moving together with Lanxess Pink Sheet
| 0.74 | AIQUY | Air Liquide SA | PairCorr |
| 0.73 | AIQUF | LAir Liquide SA | PairCorr |
| 0.78 | ECL | Ecolab Inc | PairCorr |
| 0.66 | SKFOF | Sika AG | PairCorr |
| 0.68 | SXYAY | Sika AG ADR | PairCorr |
| 0.73 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.63 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
| 0.64 | GTI | Graphjet Technology Symbol Change | PairCorr |
Moving against Lanxess Pink Sheet
| 0.81 | IONQ | IONQ Inc Downward Rally | PairCorr |
| 0.78 | FUN | Six Flags Entertainment | PairCorr |
| 0.75 | AAPL | Apple Inc | PairCorr |
| 0.73 | VRNT | Verint Systems | PairCorr |
| 0.72 | YYGH | YY Group Holding | PairCorr |
| 0.69 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.66 | SHOP | Shopify | PairCorr |
| 0.6 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.57 | DASH | DoorDash, Class A | PairCorr |
| 0.36 | LBUSD | Lumber Futures | PairCorr |
| 0.34 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Lanxess Pink Sheet performing well and Lanxess AG 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 Lanxess AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APD | 0.92 | (0.04) | 0.00 | (0.28) | 0.00 | 1.16 | 12.61 | |||
| LIN | 0.67 | (0.21) | 0.00 | (6.42) | 0.00 | 1.12 | 4.98 | |||
| SHW | 0.99 | (0.18) | 0.00 | (0.36) | 0.00 | 1.53 | 8.48 | |||
| PPG | 0.80 | (0.18) | 0.00 | (3.77) | 0.00 | 1.17 | 4.82 | |||
| EMN | 0.94 | (0.30) | 0.00 | (2.52) | 0.00 | 1.92 | 7.39 |
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Lanxess AG Corporate Management
| Anno Borkowsky | Head Management | Profile | |
| Jorge Nogueira | Head Unit | Profile | |
| Luis LopezRemon | Head Unit | Profile | |
| Marcel Beermann | Head Function | Profile | |
| Hubert Fink | Member of the Board of Management and Head of Advanced Industrials Intermediates Bus. Unit | Profile | |
| Oliver Stratmann | Head of Treasury and Investor Relations | Profile |