LendingTree Correlations

Stocks . Germany . 
Stock . LendingTree
T77 Stock  EUR 37.27  0.01  0.03%   
The current 90-days correlation between LendingTree and OSB GROUP PLC is 0.16 (i.e., Average diversification). The correlation of LendingTree 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.

LendingTree Correlation With Market

Modest diversification

The correlation between LendingTree and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LendingTree and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LendingTree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LendingTree 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 LendingTree - 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 LendingTree to buy it.

Moving together with LendingTree Stock

  0.7PBB Deutsche PfandbriefbankPairCorr
  0.61LYV Lundin Energy ABPairCorr
  0.82D7GA NEL ASA ADR30PairCorr

Moving against LendingTree Stock

  0.78HU3 Huntington BancsharesPairCorr
  0.6663Z FIRST NATIONAL FINPairCorr
  0.611EL ELLINGTON FINL INCPairCorr
  0.5607WA Mr Cooper GroupPairCorr
  0.5174O ATRIUM MORTGAGE INVESTMPairCorr
  0.492UK OSB GROUP PLCPairCorr
  0.87BKJ Brinker InternationalPairCorr
  0.84ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.83UFH US Foods HoldingPairCorr
  0.798CF CLOUDFLARE INC APairCorr
  0.78MAQ Marriott InternationalPairCorr
  0.778KS LUMI GRUPPEN ASPairCorr
  0.762KD Kinder MorganPairCorr
  0.721DH Clarkson PLCPairCorr
  0.71J7Z Jazz Pharmaceuticals plcPairCorr
  0.69WD1 WD 40 COPairCorr
  0.6289W GRUPO ECOENER EOPairCorr
  0.53TC7 TIANDE CHEMICALPairCorr
  0.44IBM International BusinessPairCorr
  0.86TL0 Tesla IncPairCorr
  0.86SOBA ATT IncPairCorr
  0.86BLQA BlackRockPairCorr
  0.85DGS Envela CorpPairCorr

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   
63Z
+ 0.82
07WA
1EL
+ 0.76
07WA
1EL
+ 0.75
2UK
74O
+ 0.61
1EL
1EL
+ 0.59
63Z
74O
+ 0.56
2UK
  
High negative correlations   
PBB
- 0.77
07WA
PBB
- 0.72
63Z
1EL
- 0.6
PBB
74O
- 0.33
PBB
PBB
- 0.26
2UK
58O
- 0.22
07WA

Risk-Adjusted Indicators

There is a big difference between LendingTree Stock performing well and LendingTree 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 LendingTree'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.

Be your own money manager

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