Lowland Investment Correlations

LWI Stock

124.75 0.75 0.60%

The current 90-days correlation between Lowland Investment and X FAB Silicon Foundries is 0.26 (i.e., Modest diversification). The correlation of Lowland Investment 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.

Lowland Investment Correlation With Market

Average diversification

The correlation between Lowland Investment Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lowland Investment Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lowland Stock

0.67	RMV	Rightmove PLC	Pair Corr
0.64	AUTO	Auto Trader Group	Pair Corr

Moving against Lowland Stock

0.68	GAW	Games Workshop Group	Pair Corr
0.62	DEC	Diversified Energy	Pair Corr
0.44	AJB	AJ Bell plc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	0R0U	EDV	SNT	PCT	ATT	0QZ5	BYIT	0ROZ
0R0U		0.8	0.36	0.14	0.13	-0.18	0.57	0.06	0R0U
EDV	0.8		0.41	-0.19	-0.17	-0.52	0.62	0.26	EDV
SNT	0.36	0.41		0.39	0.41	-0.13	0.31	0.07	SNT
PCT	0.14	-0.19	0.39		0.99	0.59	-0.29	-0.59	PCT
ATT	0.13	-0.17	0.41	0.99		0.55	-0.29	-0.57	ATT
0QZ5	-0.18	-0.52	-0.13	0.59	0.55		-0.31	-0.28	0QZ5
BYIT	0.57	0.62	0.31	-0.29	-0.29	-0.31		0.54	BYIT
0ROZ	0.06	0.26	0.07	-0.59	-0.57	-0.28	0.54		0ROZ
	0R0U	EDV	SNT	PCT	ATT	0QZ5	BYIT	0ROZ

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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

ATT	+ 0.99	PCT
EDV	+ 0.8	0R0U
BYIT	+ 0.62	EDV
0QZ5	+ 0.59	PCT
BYIT	+ 0.57	0R0U
0QZ5	+ 0.55	ATT

High negative correlations

0ROZ	- 0.59	PCT
0ROZ	- 0.57	ATT
0QZ5	- 0.52	EDV
BYIT	- 0.31	0QZ5
BYIT	- 0.29	ATT
BYIT	- 0.29	PCT

Risk-Adjusted Indicators

There is a big difference between Lowland Stock performing well and Lowland Investment 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 Lowland Investment'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
0R0U	3.13	0.19	0.03	0.82	3.78	(3.36)	7.37	(6.11)	31.08
EDV	1.75	0.02	0.00	0.04	0.00	0.00	3.85	(3.09)	16.41
SNT	2.22	0.61	0.08	(1.78)	2.07	(7.91)	6.90	(3.33)	30.54
PCT	1.10	0.12	0.04	0.38	1.16	(1.19)	2.68	(2.39)	6.70
ATT	1.24	0.13	0.04	0.42	1.50	(1.26)	2.57	(2.72)	7.37
0QZ5	0.92	(0.04)	(0.03)	0.07	1.19	(1.03)	1.94	(1.86)	9.58
BYIT	1.55	(0.07)	0.00	5.65	0.00	0.00	3.80	(4.15)	13.21
0ROZ	2.06	(0.38)	0.00	(0.81)	0.00	0.00	3.33	(4.77)	23.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lowland Investment 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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