Lafargeholcim Correlations
| HCMLY Stock | USD 17.28 0.25 1.47% |
The correlation of Lafargeholcim 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 Lafargeholcim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lafargeholcim Ltd 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.
Very weak diversification
The correlation between Lafargeholcim Ltd ADR and NYA is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lafargeholcim Ltd ADR and NYA in the same portfolio, assuming nothing else is changed.
Lafargeholcim |
The ability to find closely correlated positions to Lafargeholcim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lafargeholcim 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 Lafargeholcim - 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 Lafargeholcim Ltd ADR to buy it.
Moving together with Lafargeholcim Pink Sheet
| 0.89 | CRH | CRH PLC ADR | PairCorr |
| 0.98 | HCMLF | Holcim | PairCorr |
| 0.93 | MLM | Martin Marietta Materials Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | VMC | Vulcan Materials Financial Report 2nd of May 2024 | PairCorr |
| 0.74 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.62 | MCHB | Mechanics Bank | PairCorr |
Moving against Lafargeholcim Pink Sheet
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Lafargeholcim Pink Sheet performing well and Lafargeholcim 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 Lafargeholcim'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Lafargeholcim 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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Lafargeholcim Corporate Directors
Lafargeholcim corporate directors refer to members of a Lafargeholcim board of directors. The board of directors generally takes responsibility for the Lafargeholcim's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Lafargeholcim's board members must vote for the resolution. The Lafargeholcim board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gerard Lamarche | Member of the Board of Directors | Profile | |
| Claudia Ramirez | Director | Profile | |
| Naina Kidwai | Director | Profile | |
| Oscar Fanjul | Member of the Board of Directors | Profile |
Already Invested in Lafargeholcim Ltd ADR?
The danger of trading Lafargeholcim Ltd ADR 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 Lafargeholcim 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 Lafargeholcim. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lafargeholcim ADR 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lafargeholcim Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Lafargeholcim Pink Sheet analysis
When running Lafargeholcim's price analysis, check to measure Lafargeholcim'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 Lafargeholcim is operating at the current time. Most of Lafargeholcim's value examination focuses on studying past and present price action to predict the probability of Lafargeholcim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lafargeholcim's price. Additionally, you may evaluate how the addition of Lafargeholcim to your portfolios can decrease your overall portfolio volatility.
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