Lloyds Banking Correlations
| LLD2 Stock | EUR 2.32 0.02 0.87% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lloyds Banking moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lloyds Banking Group 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 Lloyds Banking Group and NYA is -0.16 (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 NYA in the same portfolio, assuming nothing else is changed.
Lloyds |
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
| 0.88 | BNP | BNP Paribas SA | PairCorr |
| 0.88 | BNPH | BNP PARIBAS ADR | PairCorr |
| 0.93 | IES | Intesa Sanpaolo SpA | PairCorr |
| 0.94 | LLD | Lloyds Banking Group | PairCorr |
| 0.9 | CRIN | UniCredit SpA Earnings Call This Week | PairCorr |
| 0.83 | XCA | Crdit Agricole SA | PairCorr |
| 0.97 | 48CA | CaixaBank SA | PairCorr |
| 0.86 | KDB | KBC Group NV | PairCorr |
| 0.86 | SEBC | Skandinaviska Enskilda | PairCorr |
Moving against Lloyds Stock
| 0.8 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.8 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.66 | NVPJ | TMBThanachart Bank Public | PairCorr |
| 0.57 | LFL | LATAM Airlines Group | PairCorr |
| 0.47 | OB8 | PT Barito Pacific | PairCorr |
| 0.44 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
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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.Did you try this?
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| All Next | Launch Module |
Lloyds Banking Corporate Management
Elected by the shareholders, the Lloyds Banking's board of directors comprises two types of representatives: Lloyds Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lloyds. The board's role is to monitor Lloyds Banking's management team and ensure that shareholders' interests are well served. Lloyds Banking'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, Lloyds Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Oldfield | Interim Banking | Profile | |
| William Chalmers | Group Director | Profile | |
| Eduardo Cunha | Head Market | Profile | |
| Letitia Smith | Compliance Conduct | Profile | |
| Matt Smith | Head Relations | Profile | |
| Carla Silva | Corp Strategy | Profile | |
| Catherine Cheetham | Company Counsel | Profile |
Already Invested in Lloyds Banking Group?
The danger of trading Lloyds Banking Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lloyds Banking is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lloyds Banking. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lloyds Banking Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Lloyds Banking Group is a strong investment it is important to analyze Lloyds Banking's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lloyds Banking's future performance. For an informed investment choice regarding Lloyds Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lloyds Banking Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Lloyds Banking Group information on this page should be used as a complementary analysis to other Lloyds Banking's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Lloyds Stock analysis
When running Lloyds Banking's price analysis, check to measure Lloyds Banking'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 Lloyds Banking is operating at the current time. Most of Lloyds Banking's value examination focuses on studying past and present price action to predict the probability of Lloyds Banking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lloyds Banking's price. Additionally, you may evaluate how the addition of Lloyds Banking to your portfolios can decrease your overall portfolio volatility.
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