Luxfer Holdings Correlations

LXFR Stock

USD 11.58 0.31 2.61%

The current 90-days correlation between Luxfer Holdings PLC and Graham is -0.2 (i.e., Good diversification). The correlation of Luxfer Holdings 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.

Luxfer Holdings Correlation With Market

Weak diversification

The correlation between Luxfer Holdings PLC and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luxfer Holdings PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luxfer Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Luxfer Stock

0.79	CR	Crane Company	Pair Corr
0.84	HI	Hillenbrand	Pair Corr
0.86	PH	Parker Hannifin	Pair Corr
0.73	ENOV	Enovis Corp	Pair Corr
0.61	DCI	Donaldson	Pair Corr
0.77	DOV	Dover	Pair Corr
0.8	EMR	Emerson Electric	Pair Corr
0.79	FLS	Flowserve	Pair Corr
0.81	ITT	ITT Inc	Pair Corr
0.7	NPO	Enpro Industries	Pair Corr
0.61	PNR	Pentair PLC	Pair Corr
0.61	ROK	Rockwell Automation	Pair Corr
0.67	SMR	Nuscale Power Corp	Pair Corr

Moving against Luxfer Stock

0.4	CYD	China Yuchai Interna	Pair Corr
0.41	HUHU	HUHUTECH International	Pair Corr
0.32	IVAC	Intevac	Pair Corr

Related Correlations Analysis

	GHM	EPAC	KAI	OFLX	HLIO	NPO	HURC	JBT	CSWI	ITT
GHM		-0.44	0.07	0.34	0.91	-0.14	0.54	0.0	0.84	0.57	GHM
EPAC	-0.44		0.34	-0.2	-0.44	0.58	0.27	0.0	-0.52	0.37	EPAC
KAI	0.07	0.34		-0.5	0.17	0.71	0.49	0.0	0.03	0.42	KAI
OFLX	0.34	-0.2	-0.5		0.14	-0.48	0.01	0.0	0.35	0.28	OFLX
HLIO	0.91	-0.44	0.17	0.14		-0.05	0.54	0.0	0.87	0.5	HLIO
NPO	-0.14	0.58	0.71	-0.48	-0.05		0.53	0.0	-0.33	0.36	NPO
HURC	0.54	0.27	0.49	0.01	0.54	0.53		0.0	0.35	0.81	HURC
JBT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JBT
CSWI	0.84	-0.52	0.03	0.35	0.87	-0.33	0.35	0.0		0.47	CSWI
ITT	0.57	0.37	0.42	0.28	0.5	0.36	0.81	0.0	0.47		ITT
	GHM	EPAC	KAI	OFLX	HLIO	NPO	HURC	JBT	CSWI	ITT

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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

HLIO	+ 0.91	GHM
CSWI	+ 0.87	HLIO
CSWI	+ 0.84	GHM
ITT	+ 0.81	HURC
NPO	+ 0.71	KAI
NPO	+ 0.58	EPAC

High negative correlations

CSWI	- 0.52	EPAC
OFLX	- 0.5	KAI
NPO	- 0.48	OFLX
HLIO	- 0.44	EPAC
EPAC	- 0.44	GHM
CSWI	- 0.33	NPO

Risk-Adjusted Indicators

There is a big difference between Luxfer Stock performing well and Luxfer Holdings 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 Luxfer Holdings' 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
GHM	2.81	(0.42)	0.00	0.83	0.00	0.00	6.01	(5.47)	23.34
EPAC	1.35	(0.15)	0.00	(0.23)	0.00	0.00	2.21	(2.97)	6.65
KAI	1.48	(0.02)	0.00	(0.12)	0.00	0.00	2.63	(3.27)	13.30
OFLX	1.77	(0.18)	0.00	(0.53)	0.00	0.00	3.01	(3.59)	9.64
HLIO	1.44	(0.50)	0.00	2.67	0.00	0.00	2.65	(3.70)	11.98
NPO	1.50	0.02	0.04	1.95	1.96	(1.46)	2.17	(3.19)	10.90
HURC	2.35	(0.22)	0.00	(0.73)	0.00	0.00	4.14	(4.30)	23.02
JBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSWI	1.43	(0.32)	0.00	4.26	0.00	0.00	1.88	(3.40)	7.45
ITT	1.28	(0.08)	0.00	(0.13)	0.00	0.00	2.91	(2.75)	7.23

Luxfer Holdings Corporate Management

Howard Mead	VP Composite	Profile
Mark Lawday	VP Europe	Profile
Megan JD	General Secretary	Profile
Megan Glise	General Secretary	Profile
Stephen Webster	Chief Officer	Profile
Kevin Grant	Vice Development	Profile

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