Lendlease Correlations

Stocks . Germany . 
Stock . Lendlease Group
LLC Stock   3.87  0.01  0.26%   
The current 90-days correlation between Lendlease Group and Apple Inc is -0.07 (i.e., Good diversification). The correlation of Lendlease 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.

Lendlease Correlation With Market

Significant diversification

The correlation between Lendlease Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lendlease Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lendlease could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lendlease 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 Lendlease - 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 Lendlease Group to buy it.

Moving against Lendlease Stock

  0.4MSF MicrosoftPairCorr
  0.4MSF MicrosoftPairCorr
  0.39MSF MicrosoftPairCorr
  0.39MSF MicrosoftPairCorr
  0.38E908 Lyxor 1PairCorr
  0.36APC Apple IncPairCorr
  0.36APC Apple IncPairCorr
  0.36APC Apple IncPairCorr
  0.36MFZA Mitsubishi UFJ FinancialPairCorr
  0.35APC Apple IncPairCorr
  0.35APC Apple IncPairCorr
  0.35APC Apple IncPairCorr
  0.34DBPE Xtrackers LevDAXPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lendlease Stock performing well and Lendlease 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 Lendlease'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 Lendlease 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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