LG ELECTRONICS Correlations
| LGLD Stock | 16.80 -1.20 -6.67% |
Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. The current 90-days correlation between LG ELECTRONICS INC and Morgan Advanced Materials is 0.03 (i.e., Very good diversification).
Market Correlation - LG ELECTRONICS
Excellent diversification
The correlation between LG ELECTRONICS and Dow Jones is -0.13, which Macroaxis classifies as Excellent diversification for the selected horizon. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
LGLD |
This module presents correlation context for LG ELECTRONICS across related exposures. Some markets apply wash sale rules to prevent replacement with similar instruments.
Moving together with LGLD Stock
| 0.63 | ANTO | Antofagasta PLC | PairCorr |
| 0.74 | 0KSX | Quest Diagnostics | PairCorr |
| 0.64 | 0NTM | Oesterr Post AG | PairCorr |
| 0.64 | 0Q57 | Sparebank 1 SR | PairCorr |
| 0.71 | 0NIS | SBM Offshore NV | PairCorr |
| 0.72 | 0H6X | Telia Company | PairCorr |
| 0.65 | IQE | IQE PLC | PairCorr |
Moving against LGLD Stock
| 0.67 | 0JOQ | JD Inc | PairCorr |
| 0.66 | 0Y0Y | Accenture plc | PairCorr |
| 0.52 | 0P6N | Volkswagen AG | PairCorr |
| 0.51 | 0R1O | Amazon Inc | PairCorr |
| 0.47 | 0QPS | Givaudan SA | PairCorr |
| 0.47 | 0P6O | Volkswagen AG Non | PairCorr |
Related Correlations Analysis
| 0.42 | 0.19 | 0.23 | 0.88 | 0.72 | POW | ||
| 0.42 | -0.61 | 0.66 | 0.51 | 0.06 | 0R1A | ||
| 0.19 | -0.61 | -0.58 | 0.02 | 0.66 | JD | ||
| 0.23 | 0.66 | -0.58 | 0.34 | -0.15 | 0A6L | ||
| 0.88 | 0.51 | 0.02 | 0.34 | 0.66 | TIN | ||
| 0.72 | 0.06 | 0.66 | -0.15 | 0.66 | MGAM | ||
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
Strong recent returns in LGLD Stock do not always mean LG ELECTRONICS Company is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POW | 2.10 | 0.06 | 0.04 | -0.60 | 2.46 | 4.63 | 12.48 | |||
| 0R1A | 2.43 | 0.63 | 0.22 | -2.98 | 2.63 | 6.15 | 15.98 | |||
| JD | 1.73 | -0.40 | 0.00 | 0.76 | 0.00 | 3.35 | 11.28 | |||
| 0A6L | 0.70 | 0.13 | 0.00 | 0.40 | 0.00 | 2.99 | 14.67 | |||
| TIN | 3.29 | 0.44 | 0.12 | 2.92 | 3.72 | 8.21 | 19.45 | |||
| MGAM | 1.41 | -0.11 | 0.00 | -0.32 | 0.00 | 2.82 | 16.94 |
Be your own money manager
Portfolio optimization matters because investors need a repeatable way to decide whether adding LG ELECTRONICS INC improves expected return without taking on disproportionate risk. Used correctly, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.
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