Lyko Group Correlations
| LYKO-A Stock | SEK 95.50 1.60 1.65% |
The current 90-days correlation between Lyko Group A and G5 Entertainment publ is 0.15 (i.e., Average diversification). The correlation of Lyko Group 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.
Lyko |
The ability to find closely correlated positions to Lyko Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyko Group 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 Lyko Group - 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 Lyko Group A to buy it.
Moving together with Lyko Stock
Related Correlations Analysis
| 0.09 | 0.48 | 0.23 | 0.21 | BOOZT | ||
| 0.09 | 0.71 | 0.34 | 0.65 | G5EN | ||
| 0.48 | 0.71 | 0.27 | 0.71 | SF | ||
| 0.23 | 0.34 | 0.27 | 0.33 | STORY-B | ||
| 0.21 | 0.65 | 0.71 | 0.33 | SECARE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Lyko Stock performing well and Lyko Group 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 Lyko Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOOZT | 1.75 | 0.16 | 0.05 | (0.28) | 3.07 | 4.15 | 22.22 | |||
| G5EN | 1.51 | 0.37 | 0.24 | 3.97 | 1.27 | 3.67 | 11.98 | |||
| SF | 2.66 | 0.42 | 0.15 | (30.00) | 2.49 | 5.95 | 20.88 | |||
| STORY-B | 1.71 | 0.36 | 0.18 | (0.48) | 1.74 | 3.76 | 8.20 | |||
| SECARE | 1.48 | 0.21 | 0.13 | 9.74 | 1.41 | 2.51 | 11.09 |
Lyko Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lyko Group stock to make a market-neutral strategy. Peer analysis of Lyko Group could also be used in its relative valuation, which is a method of valuing Lyko Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |