Lloyds Banking Correlations

LLPC Stock

154.00 0.25 0.16%

The current 90-days correlation between Lloyds Banking Group and Indutrade AB is 0.12 (i.e., Average diversification). The correlation of Lloyds Banking 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.

Lloyds Banking Correlation With Market

Good diversification

The correlation between Lloyds Banking Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lloyds Banking Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lloyds Banking 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 Banking 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 Banking - 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 Banking Group to buy it.

Moving together with Lloyds Stock

0.61	TYT	Toyota Motor Corp	Pair Corr
0.82	0R15	SoftBank Group Corp	Pair Corr
0.74	0J8P	IDEXX Laboratories	Pair Corr
0.68	0P4F	Ford Motor	Pair Corr
0.83	0R29	Intuitive Surgical	Pair Corr
0.65	SMSD	Samsung Electronics	Pair Corr
0.85	RIGD	Reliance Industries	Pair Corr
0.83	BIOG	Biotech Growth	Pair Corr
0.8	EJFI	EJF Investments	Pair Corr
0.73	0W19	Datagroup SE	Pair Corr
0.65	AA4	Amedeo Air Four	Pair Corr
0.7	GAW	Games Workshop Group	Pair Corr
0.65	VOD	Vodafone Group PLC	Pair Corr
0.67	0R0A	Hecla Mining	Pair Corr
0.77	MVI	Marwyn Value Investors	Pair Corr
0.73	0LEE	Teradata Corp	Pair Corr
0.72	SGRO	Segro Plc	Pair Corr
0.62	0HCR	Alliance Data Systems	Pair Corr
0.62	0HYE	Cincinnati Financial Corp	Pair Corr
0.75	0RMV	TechnipFMC PLC	Pair Corr
0.87	0LJL	Universal Health Services	Pair Corr
0.66	NBPE	NB Private Equity	Pair Corr

Moving against Lloyds Stock

0.78	0HWH	Cheniere Energy	Pair Corr
0.64	0HBH	Air Products Chemicals	Pair Corr
0.5	0QYR	Panasonic Corp	Pair Corr
0.31	HSBK	Halyk Bank	Pair Corr
0.66	0VSO	BYD Co	Pair Corr
0.33	CPH2	Clean Power Hydrogen	Pair Corr

Related Correlations Analysis

	EMAN	0RUE	0H30	0QUS	JD	0J66	0RD7
EMAN		0.57	-0.09	0.66	0.57	-0.66	-0.41	EMAN
0RUE	0.57		0.56	0.7	0.63	-0.73	-0.11	0RUE
0H30	-0.09	0.56		0.27	0.3	-0.31	0.03	0H30
0QUS	0.66	0.7	0.27		0.7	-0.59	-0.21	0QUS
JD	0.57	0.63	0.3	0.7		-0.62	-0.38	JD
0J66	-0.66	-0.73	-0.31	-0.59	-0.62		0.57	0J66
0RD7	-0.41	-0.11	0.03	-0.21	-0.38	0.57		0RD7
	EMAN	0RUE	0H30	0QUS	JD	0J66	0RD7

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

0QUS	+ 0.7	0RUE
JD	+ 0.7	0QUS
0QUS	+ 0.66	EMAN
JD	+ 0.63	0RUE
0RUE	+ 0.57	EMAN
JD	+ 0.57	EMAN

High negative correlations

0J66	- 0.73	0RUE
0J66	- 0.66	EMAN
0J66	- 0.62	JD
0J66	- 0.59	0QUS
0RD7	- 0.41	EMAN
0RD7	- 0.38	JD

Risk-Adjusted Indicators

There is a big difference between Lloyds Stock performing well and Lloyds Banking 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 Banking'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
EMAN	1.20	(0.53)	0.00	0.89	0.00	0.00	1.22	(2.74)	24.42
0RUE	2.79	(0.24)	0.00	(0.09)	0.00	0.00	4.60	(5.21)	34.83
0H30	1.21	0.00	0.00	0.06	1.30	(1.40)	2.03	(1.92)	11.55
0QUS	0.80	(0.14)	0.00	(0.35)	0.00	0.00	2.17	(2.67)	7.46
JD	1.82	(0.12)	0.00	(0.08)	0.00	0.00	3.93	(3.88)	12.51
0J66	1.13	0.08	0.03	0.49	1.11	(1.39)	2.82	(1.86)	7.39
0RD7	1.42	0.06	0.02	0.13	2.38	(1.42)	3.38	(2.73)	15.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lloyds Banking 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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