LLOYDS METALS Correlations

LLOYDSME

1,379 19.40 1.39%

The current 90-days correlation between LLOYDS METALS AND and Transport of is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LLOYDS METALS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LLOYDS METALS AND moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LLOYDS METALS Correlation With Market

Good diversification

The correlation between LLOYDS METALS AND and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LLOYDS METALS AND and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LLOYDS METALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LLOYDS METALS 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 LLOYDS METALS - 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 LLOYDS METALS AND to buy it.

Moving together with LLOYDS Stock

0.79	WELCORP	Welspun Corp Limited	Pair Corr
0.7	LICI	Life Insurance	Pair Corr
0.64	IDFCFIRSTB	IDFC First Bank	Pair Corr
0.66	SWIGGY	SWIGGY LIMITED	Pair Corr
0.64	APOLLO	Apollo Micro Systems	Pair Corr
0.79	STEELCAS	Steelcast Limited	Pair Corr
0.76	BEL	Bharat Electronics	Pair Corr
0.74	NAHARPOLY	Nahar Poly Films	Pair Corr
0.73	PNB	Punjab National Bank	Pair Corr
0.73	TOUCHWOOD	Touchwood Entertainment	Pair Corr

Moving against LLOYDS Stock

0.36	SARDAEN	Sarda Energy Minerals	Pair Corr
0.39	AMIORG	Ami Organics Limited	Pair Corr

Related Correlations Analysis

	UTIAMC	TCI	ORTEL	TATACOMM	HDFCAMC	PVSL	CAMS
UTIAMC		0.74	-0.11	0.61	0.84	0.48	0.11	UTIAMC
TCI	0.74		0.09	0.51	0.53	0.48	0.15	TCI
ORTEL	-0.11	0.09		0.41	-0.46	0.67	0.78	ORTEL
TATACOMM	0.61	0.51	0.41		0.4	0.75	0.46	TATACOMM
HDFCAMC	0.84	0.53	-0.46	0.4		0.13	-0.23	HDFCAMC
PVSL	0.48	0.48	0.67	0.75	0.13		0.69	PVSL
CAMS	0.11	0.15	0.78	0.46	-0.23	0.69		CAMS
	UTIAMC	TCI	ORTEL	TATACOMM	HDFCAMC	PVSL	CAMS

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

HDFCAMC	+ 0.84	UTIAMC
CAMS	+ 0.78	ORTEL
PVSL	+ 0.75	TATACOMM
TCI	+ 0.74	UTIAMC
CAMS	+ 0.69	PVSL
PVSL	+ 0.67	ORTEL

High negative correlations

HDFCAMC	- 0.46	ORTEL
CAMS	- 0.23	HDFCAMC
ORTEL	- 0.11	UTIAMC

Risk-Adjusted Indicators

There is a big difference between LLOYDS Stock performing well and LLOYDS METALS 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 LLOYDS METALS'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
UTIAMC	1.43	0.36	0.17	(41.70)	1.30	(1.63)	3.77	(2.47)	8.33
TCI	0.85	0.02	(0.08)	(0.14)	0.96	(0.90)	1.69	(1.45)	9.25
ORTEL	1.78	(0.33)	0.00	49.31	0.00	0.00	4.35	(5.29)	9.85
TATACOMM	0.94	0.07	(0.02)	(0.56)	1.19	(0.99)	2.05	(2.29)	6.61
HDFCAMC	1.07	0.28	0.19	10.10	0.68	(1.28)	3.08	(1.76)	5.97
PVSL	1.79	0.07	0.01	0.28	1.83	(2.08)	4.69	(2.99)	12.10
CAMS	1.30	0.01	(0.04)	0.20	1.72	(1.46)	3.47	(3.43)	8.44

Be your own money manager

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