Logistics Development Correlations
| ESLGF Stock | USD 0.23 0.00 0.00% |
The current 90-days correlation between Logistics Development and Harbor Diversified is -0.03 (i.e., Good diversification). The correlation of Logistics Development 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.
Logistics Development Correlation With Market
Very weak diversification
The correlation between Logistics Development Group and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logistics Development Group and DJI in the same portfolio, assuming nothing else is changed.
Logistics |
The ability to find closely correlated positions to Logistics Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Logistics Development 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 Logistics Development - 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 Logistics Development Group to buy it.
Moving together with Logistics Pink Sheet
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| 0.62 | KHNGF | Kuehne Nagel Interna | PairCorr |
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| 0.82 | NFPDF | Nissin Foods Holdings Earnings Call This Week | PairCorr |
| 0.74 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.67 | EVOK | Evoke Pharma | PairCorr |
| 0.83 | VTR | Ventas Inc | PairCorr |
| 0.79 | INDFY | Indofood Agri Resources | PairCorr |
| 0.8 | UTGN | UTG Inc | PairCorr |
| 0.72 | PAL | Proficient Auto Logistics | PairCorr |
| 0.82 | EPD | Enterprise Products Earnings Call This Week | PairCorr |
| 0.65 | KEY-PL | KeyCorp | PairCorr |
Moving against Logistics Pink Sheet
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
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Risk-Adjusted Indicators
There is a big difference between Logistics Pink Sheet performing well and Logistics Development 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 Logistics Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YTOEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KARX | 4.81 | (0.57) | 0.00 | (6.23) | 0.00 | 11.11 | 46.05 | |||
| HRBR | 7.13 | 1.79 | 0.14 | (1.80) | 7.94 | 17.14 | 85.80 | |||
| TTNMF | 2.31 | 0.90 | 0.15 | (3.82) | 1.46 | 7.69 | 33.69 | |||
| WTLLF | 2.32 | 0.38 | 0.05 | (1.09) | 2.78 | 7.69 | 29.30 | |||
| NOKPF | 15.00 | 2.15 | 0.06 | 0.37 | 22.28 | 37.25 | 230.00 | |||
| EMFGF | 4.88 | 0.97 | 0.04 | (3.80) | 6.54 | 25.00 | 86.02 | |||
| CEBUY | 1.39 | 0.77 | 0.00 | (0.66) | 0.00 | 0.00 | 46.67 | |||
| ASFH | 1.30 | (0.25) | 0.00 | (0.41) | 0.00 | 0.00 | 72.87 | |||
| HPURF | 1.28 | (0.45) | 0.00 | 0.48 | 0.00 | 0.00 | 27.78 |
Be your own money manager
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Logistics Development Corporate Management
| David Pickering | Chief Operations | Profile | |
| Mike Smith | Managing Freight | Profile | |
| Carl Stairs | Managing People | Profile | |
| John Milt | Chief Officer | Profile | |
| Mark Duggan | Managing Network | Profile | |
| Rupert FCIS | Company Sec | Profile |