Lasertec Correlations
| LSRCF Stock | USD 119.05 9.90 9.07% |
The current 90-days correlation between Lasertec and Disco Corp ADR is 0.19 (i.e., Average diversification). The correlation of Lasertec 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.
Lasertec Correlation With Market
Significant diversification
The correlation between Lasertec and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lasertec and DJI in the same portfolio, assuming nothing else is changed.
Lasertec |
The ability to find closely correlated positions to Lasertec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lasertec 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 Lasertec - 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 Lasertec to buy it.
Moving together with Lasertec Pink Sheet
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| 0.91 | KLAC | KLA Tencor | PairCorr |
| 0.74 | TOELY | Tokyo Electron | PairCorr |
| 0.69 | TOELF | Tokyo Electron | PairCorr |
| 0.77 | TER | Teradyne | PairCorr |
| 0.9 | ASMXF | ASM International | PairCorr |
| 0.78 | LNDNF | Lundin Energy AB | PairCorr |
| 0.69 | BKLRF | Berkeley Energy | PairCorr |
Moving against Lasertec Pink Sheet
| 0.93 | IONQ | IONQ Inc Upward Rally | PairCorr |
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| 0.83 | LUNR | Intuitive Machines | PairCorr |
| 0.67 | SOUN | SoundHound AI Upward Rally | PairCorr |
| 0.64 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.46 | ICAD | icad inc | PairCorr |
| 0.37 | GMNFF | GobiMin | PairCorr |
| 0.96 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.94 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.92 | OPRA | Opera | PairCorr |
| 0.91 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.9 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | DORM | Dorman Products | PairCorr |
| 0.86 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.86 | ET | Energy Transfer LP | PairCorr |
| 0.85 | FUND | Sprott Focus Trust | PairCorr |
| 0.84 | BFLY | Butterfly Network | PairCorr |
| 0.83 | INMD | InMode | PairCorr |
| 0.8 | CRS | Carpenter Technology | PairCorr |
| 0.8 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.8 | GLBE | Global E Online | PairCorr |
| 0.78 | RUM | Rumble Inc | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lasertec Pink Sheet performing well and Lasertec 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 Lasertec'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUOPY | 2.19 | (0.45) | 0.00 | (1.43) | 0.00 | 3.27 | 17.64 | |||
| ASMVY | 1.93 | 0.04 | (0.03) | (0.09) | 2.55 | 4.92 | 12.88 | |||
| DSCSY | 2.58 | 0.04 | 0.03 | 0.12 | 3.01 | 5.02 | 16.54 | |||
| TOELF | 2.79 | (0.08) | (0.03) | (0.01) | 3.12 | 6.28 | 18.02 | |||
| DINRF | 4.22 | (0.39) | 0.00 | (0.64) | 0.00 | 8.32 | 28.72 | |||
| TOELY | 2.16 | (0.17) | 0.00 | (0.05) | 0.00 | 3.84 | 15.46 | |||
| ASMXF | 1.34 | (0.13) | 0.00 | (0.22) | 0.00 | 4.25 | 15.81 | |||
| ATEYY | 1.81 | 0.28 | 0.09 | 3.63 | 1.91 | 4.28 | 9.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lasertec 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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Lasertec Corporate Management
| Koichi Moriizumi | Chief Officer | Profile | |
| Yutaro Misawa | Exec CFO | Profile | |
| Tetsuya Sendoda | Sales Officer | Profile | |
| Hirokazu Seki | Sr 3 | Profile | |
| Atsushi Tajima | Ex Officer | Profile |