Light SA Correlations
| LGSXY Stock | USD 1.09 0.09 9.00% |
The correlation of Light SA 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Light SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Light SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Light SA ADR and NYA 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 Light SA ADR and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Light SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Light SA 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 Light SA - 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 Light SA ADR to buy it.
Moving together with Light Pink Sheet
Moving against Light Pink Sheet
| 0.64 | CLPXF | China Longyuan Power | PairCorr |
| 0.54 | CEG | Constellation Energy Corp | PairCorr |
| 0.5 | OEZVY | Verbund AG ADR | PairCorr |
| 0.46 | DNNGY | Orsted AS ADR | PairCorr |
| 0.46 | EDRVF | EDP Renovaveis | PairCorr |
| 0.46 | CLPXY | China Longyuan Power | PairCorr |
| 0.55 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
Related Correlations Analysis
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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 Light Pink Sheet performing well and Light SA 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 Light SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEP | 1.91 | 0.32 | 0.18 | 0.18 | 1.65 | 4.70 | 15.28 | |||
| BEPC | 1.74 | 0.40 | 0.22 | 0.23 | 1.51 | 4.85 | 14.58 | |||
| CWEN | 1.41 | 0.35 | 0.18 | 0.22 | 1.56 | 3.17 | 9.27 | |||
| AY | 1.71 | 0.41 | 0.18 | 0.37 | 1.80 | 3.60 | 12.69 | |||
| NEP | 1.89 | 0.23 | 0.11 | 0.12 | 2.08 | 4.49 | 14.06 | |||
| AQNU | 1.40 | 0.08 | 0.05 | 0.07 | 1.64 | 2.77 | 9.11 | |||
| TPII | 15.40 | 4.54 | 0.15 | (1.98) | 13.09 | 30.00 | 200.00 | |||
| HTOOW | 8.51 | (0.10) | 0.00 | (0.14) | 0.00 | 16.67 | 72.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Light SA 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.Did you try this?
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Light SA Corporate Management
| Eduardo Coelho | Controllership Superintendent | Profile | |
| Simone Azevedo | Accounting Mang | Profile | |
| Alessandra Amaral | Chief Board | Profile | |
| Rodrigo Vilela | IR Superintendent | Profile | |
| Octavio Lopes | Chief Officer | Profile | |
| Thiago Guth | Member Board | Profile | |
| Dborah Brasil | Chief Officers | Profile |
Additional Tools for Light Pink Sheet Analysis
When running Light SA's price analysis, check to measure Light SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Light SA is operating at the current time. Most of Light SA's value examination focuses on studying past and present price action to predict the probability of Light SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light SA's price. Additionally, you may evaluate how the addition of Light SA to your portfolios can decrease your overall portfolio volatility.