LAir Liquide Correlations

Stocks Germany . 
Stock . LAir Liquide SA
AIL Stock   158.14  0.80  0.50%   
The current 90-days correlation between LAir Liquide SA and Apple Inc is 0.14 (i.e., Average diversification). The correlation of LAir Liquide 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.

LAir Liquide Correlation With Market

Good diversification

The correlation between LAir Liquide SA and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LAir Liquide SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LAir Liquide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LAir Liquide 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 LAir Liquide - 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 LAir Liquide SA to buy it.

Moving together with LAir Stock

  0.81HYU Hyundai MotorPairCorr
  0.8HYU Hyundai MotorPairCorr
  0.82HYU Hyundai MotorPairCorr

Moving against LAir Stock

  0.88MFZA Mitsubishi UFJ FinancialPairCorr
  0.746GAA Grupo Aval AccionesPairCorr
  0.746GAA Grupo Aval AccionesPairCorr
  0.65APC Apple IncPairCorr
  0.65APC Apple IncPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.4E908 Lyxor 1PairCorr
  0.35KBIA KB Financial GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between LAir Stock performing well and LAir Liquide 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 LAir Liquide'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 LAir Liquide 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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