LPKF Laser Correlations

Stocks . UK . 
Stock . LPKF Laser Electronics
0ND2 Stock   5.55  0.20  3.48%   
The current 90-days correlation between LPKF Laser Electronics and Berkshire Hathaway is -0.24 (i.e., Very good diversification). The correlation of LPKF Laser 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.

LPKF Laser Correlation With Market

Significant diversification

The correlation between LPKF Laser Electronics and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LPKF Laser Electronics and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LPKF Laser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LPKF Laser 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 LPKF Laser - 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 LPKF Laser Electronics to buy it.

Moving together with LPKF Stock

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Moving against LPKF Stock

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Related Correlations Analysis


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

SMSN
+ 1.0
BC94
BC94
+ 0.99
SMSD
SMSN
+ 0.99
SMSD
0R15
+ 0.94
SMSD
0R15
+ 0.94
BC94
0R15
+ 0.94
SMSN
  

High negative correlations

SMSD
- 0.17
0R37
SMSN
- 0.12
0R37
BC94
- 0.12
0R37
0QKN
- 0.06
0R37
0R15
- 0.05
0R37
HSBK
- 0.02
0R37

Risk-Adjusted Indicators

There is a big difference between LPKF Stock performing well and LPKF Laser 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 LPKF Laser'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 LPKF Laser 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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LPKF Laser Corporate Management

Elected by the shareholders, the LPKF Laser's board of directors comprises two types of representatives: LPKF Laser inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LPKF. The board's role is to monitor LPKF Laser's management team and ensure that shareholders' interests are well served. LPKF Laser's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LPKF Laser's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael AgaterVP ProductionProfile
Stephan SchmidtPres USAProfile
Bettina SchaferHead RelationsProfile
Jrgen BergedieckManaging GmbHProfile
Britta SchulzManaging UnitProfile
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