LANXESS Aktiengesellscha Correlations

LXS Stock

EUR 18.89 1.11 5.55%

The current 90-days correlation between LANXESS Aktiengesellscha and MELIA HOTELS is -0.01 (i.e., Good diversification). The correlation of LANXESS Aktiengesellscha 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.

LANXESS Aktiengesellscha Correlation With Market

Poor diversification

The correlation between LANXESS Aktiengesellschaft and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LANXESS Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LANXESS Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LANXESS Aktiengesellscha 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 LANXESS Aktiengesellscha - 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 LANXESS Aktiengesellschaft to buy it.

Moving together with LANXESS Stock

0.77	RHO	ROCHE HLDG	Pair Corr
0.77	6MK	Merck	Pair Corr
0.81	NOT	NOVARTIS N	Pair Corr
0.73	4I1	Philip Morris Intern	Pair Corr
0.8	TOTB	TotalEnergies SE	Pair Corr
0.88	MIZ	Mizuno	Pair Corr
0.64	893	MITSUBISHI KAKOKI	Pair Corr
0.7	92I	ROMERIKE SPAREBANK	Pair Corr
0.88	HCMA	HITACHI CONSTRMACHADR/2	Pair Corr
0.82	YHA	Yamaha	Pair Corr
0.75	CIE1	Ciena Earnings Call This Week	Pair Corr
0.84	KPN	Koninklijke KPN NV	Pair Corr
0.77	SHG	Sun Hung Kai	Pair Corr
0.68	TWZ	Trican Well Service	Pair Corr
0.65	DWNI	Deutsche Wohnen SE	Pair Corr
0.72	LVN	CP ALL Public	Pair Corr
0.76	23J	Promis Neurosciences	Pair Corr
0.83	RE3	Richardson Electronics	Pair Corr

Moving against LANXESS Stock

0.76	DAP	DANAHER (DAPSG)	Pair Corr
0.75	QCI	QUALCOMM	Pair Corr
0.56	SON1	Sony Group Corp	Pair Corr
0.54	ABL	Abbott Laboratories	Pair Corr
0.48	AMD	Advanced Micro Devices	Pair Corr

Related Correlations Analysis

	CDZ0	SIA1	MEL	CZH	32P	JAL	5PMA	HIP
CDZ0		0.17	0.0	0.04	0.15	0.33	-0.13	0.12	CDZ0
SIA1	0.17		0.67	0.66	-0.12	0.92	0.4	0.59	SIA1
MEL	0.0	0.67		0.67	-0.39	0.62	0.39	0.62	MEL
CZH	0.04	0.66	0.67		-0.28	0.61	0.78	0.86	CZH
32P	0.15	-0.12	-0.39	-0.28		-0.11	-0.25	-0.26	32P
JAL	0.33	0.92	0.62	0.61	-0.11		0.36	0.6	JAL
5PMA	-0.13	0.4	0.39	0.78	-0.25	0.36		0.73	5PMA
HIP	0.12	0.59	0.62	0.86	-0.26	0.6	0.73		HIP
	CDZ0	SIA1	MEL	CZH	32P	JAL	5PMA	HIP

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

JAL	+ 0.92	SIA1
HIP	+ 0.86	CZH
5PMA	+ 0.78	CZH
HIP	+ 0.73	5PMA
MEL	+ 0.67	SIA1
CZH	+ 0.67	MEL

High negative correlations

32P	- 0.39	MEL
32P	- 0.28	CZH
HIP	- 0.26	32P
5PMA	- 0.25	32P
5PMA	- 0.13	CDZ0
32P	- 0.12	SIA1

Risk-Adjusted Indicators

There is a big difference between LANXESS Stock performing well and LANXESS Aktiengesellscha 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 LANXESS Aktiengesellscha'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
CDZ0	1.53	(0.02)	0.00	(0.18)	0.00	0.00	3.60	(3.50)	11.68
SIA1	0.78	0.11	0.03	(2.23)	1.00	(0.92)	2.14	(1.46)	4.26
MEL	1.33	0.21	0.09	6.01	1.38	(1.48)	2.76	(2.28)	9.67
CZH	1.81	0.30	0.12	1.67	1.71	(2.31)	4.73	(3.31)	10.18
32P	0.54	0.02	(0.02)	2.99	0.91	(1.81)	1.83	(1.80)	9.31
JAL	1.19	0.04	(0.02)	(1.63)	1.65	(1.20)	1.94	(2.50)	7.38
5PMA	3.05	0.47	0.07	(0.17)	2.88	(4.37)	7.55	(5.17)	29.12
HIP	1.73	0.16	0.04	(0.66)	1.69	(2.19)	4.21	(2.60)	9.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in LANXESS Aktiengesellscha 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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LANXESS Aktiengesellscha Corporate Management

Elected by the shareholders, the LANXESS Aktiengesellscha's board of directors comprises two types of representatives: LANXESS Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LANXESS. The board's role is to monitor LANXESS Aktiengesellscha's management team and ensure that shareholders' interests are well served. LANXESS Aktiengesellscha'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, LANXESS Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anno Borkowsky	Head Management	Profile
Wolfgang Schmitz	Managing Gmbh	Profile
Hubert Fink	Member Management	Profile
Oliver Stratmann	Head Relations	Profile
Stephan Spiegelhauer	Head Unit	Profile
Michael Zobel	Head Unit	Profile

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