LLOYDS METALS Correlations
| LLOYDSME | 1,484 13.60 0.92% |
The current 90-days correlation between LLOYDS METALS AND and Network18 Media Investments is 0.15 (i.e., Average 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
Average diversification
The correlation between LLOYDS METALS AND and DJI is 0.1 (i.e., Average 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.
LLOYDS |
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 | TATASTEEL | Tata Steel Limited Earnings Call Today | PairCorr |
| 0.88 | JSL | Jindal Stainless Earnings Call Today | PairCorr |
| 0.91 | WELCORP | Welspun Corp Limited Earnings Call This Week | PairCorr |
| 0.78 | KIOCL | KIOCL Limited | PairCorr |
| 0.75 | SBIN | State Bank Earnings Call This Week | PairCorr |
| 0.91 | LICI | Life Insurance | PairCorr |
| 0.71 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.63 | BANKBARODA | Bank of Baroda | PairCorr |
| 0.9 | SAIL | Steel Authority Earnings Call This Week | PairCorr |
| 0.91 | BANCOINDIA | Banco Products | PairCorr |
| 0.92 | EXXARO | Exxaro Tiles Limited | PairCorr |
| 0.61 | CREDITACC | CREDITACCESS GRAMEEN | PairCorr |
| 0.9 | HERITGFOOD | Heritage Foods | PairCorr |
| 0.83 | UNIVAFOODS | Univa Foods Limited | PairCorr |
| 0.81 | DATAPATTNS | Data Patterns Limited | PairCorr |
| 0.65 | SARVESHWAR | Sarveshwar Foods | PairCorr |
| 0.9 | GNFC | Gujarat Narmada Valley | PairCorr |
| 0.82 | SOUTHWEST | South West Pinnacle | PairCorr |
| 0.94 | HINDWAREAP | Hindware Home Innovation | PairCorr |
| 0.62 | ZOTA | Zota Health Care | PairCorr |
| 0.93 | DLF | DLF Limited Earnings Call Tomorrow | PairCorr |
| 0.83 | ESILVER | ESILVER | PairCorr |
Related Correlations Analysis
| 0.5 | 0.37 | 0.09 | 0.78 | 0.02 | 0.59 | NUCLEUS | ||
| 0.5 | 0.14 | -0.42 | 0.81 | 0.39 | 0.76 | UNITECH | ||
| 0.37 | 0.14 | -0.09 | 0.26 | 0.6 | 0.61 | KINGFA | ||
| 0.09 | -0.42 | -0.09 | -0.27 | -0.35 | -0.4 | SILINV | ||
| 0.78 | 0.81 | 0.26 | -0.27 | 0.28 | 0.79 | SHREERAMA | ||
| 0.02 | 0.39 | 0.6 | -0.35 | 0.28 | 0.67 | ROSSARI | ||
| 0.59 | 0.76 | 0.61 | -0.4 | 0.79 | 0.67 | NETWORK18 | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUCLEUS | 2.05 | 0.30 | 0.06 | 10.86 | 1.75 | 6.08 | 27.02 | |||
| UNITECH | 2.49 | 0.14 | 0.01 | 0.52 | 2.48 | 4.98 | 10.07 | |||
| KINGFA | 1.68 | 0.27 | 0.07 | 1.68 | 1.56 | 3.79 | 11.44 | |||
| SILINV | 0.99 | (0.05) | 0.00 | (0.77) | 0.00 | 1.82 | 7.65 | |||
| SHREERAMA | 1.97 | 0.10 | 0.01 | 0.35 | 1.98 | 4.99 | 9.62 | |||
| ROSSARI | 1.28 | 0.10 | (0.03) | 0.72 | 1.61 | 2.83 | 13.01 | |||
| NETWORK18 | 2.25 | 0.31 | 0.12 | 0.66 | 1.66 | 5.25 | 18.96 |
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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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