Luxfer Holdings Correlations
| LXFR Stock | USD 11.92 0.25 2.05% |
The correlation of Luxfer Holdings 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 Luxfer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luxfer Holdings PLC 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.
Average diversification
The correlation between Luxfer Holdings PLC and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luxfer Holdings PLC and NYA in the same portfolio, assuming nothing else is changed.
Luxfer |
The ability to find closely correlated positions to Luxfer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luxfer Holdings 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 Luxfer Holdings - 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 Luxfer Holdings PLC to buy it.
Moving together with Luxfer Stock
| 0.69 | B | Barnes Group | PairCorr |
| 0.78 | CR | Crane Company | PairCorr |
| 0.72 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.85 | DCI | Donaldson Financial Report 29th of May 2024 | PairCorr |
| 0.87 | DOV | Dover | PairCorr |
Moving against Luxfer Stock
| 0.48 | AME | Ametek Inc | PairCorr |
| 0.43 | CYD | China Yuchai Interna | PairCorr |
| 0.43 | GRC | Gorman Rupp | PairCorr |
| 0.41 | RR | Richtech Robotics Class | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Luxfer Stock performing well and Luxfer Holdings 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 Luxfer Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HURC | 1.93 | (0.56) | 0.00 | (0.49) | 0.00 | 2.47 | 25.57 | |||
| SCRYX | 0.79 | (0.05) | (0.02) | 0.03 | 1.04 | 1.94 | 4.67 | |||
| ABHYX | 0.14 | 0.00 | (0.22) | 0.05 | 0.15 | 0.34 | 1.14 | |||
| KMX | 1.47 | (0.14) | (0.03) | 0.00 | 2.48 | 3.21 | 13.28 | |||
| SEIC | 0.60 | (0.04) | (0.04) | 0.03 | 0.83 | 1.34 | 4.74 | |||
| WLDSW | 9.00 | 0.44 | 0.02 | (0.62) | 11.07 | 28.00 | 91.35 | |||
| GVPIX | 0.75 | (0.07) | 0.00 | (0.06) | 0.00 | 1.33 | 4.32 | |||
| MCVT | 3.00 | 0.09 | (0.01) | (0.01) | 3.89 | 8.00 | 21.82 | |||
| GBCI | 1.38 | (0.05) | 0.00 | 0.04 | 2.04 | 3.95 | 12.31 | |||
| DRETD | 1.43 | 0.25 | 0.03 | (0.74) | 1.96 | 3.57 | 32.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Luxfer Holdings 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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Luxfer Holdings Corporate Management
Elected by the shareholders, the Luxfer Holdings' board of directors comprises two types of representatives: Luxfer Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Luxfer. The board's role is to monitor Luxfer Holdings' management team and ensure that shareholders' interests are well served. Luxfer Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Luxfer Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Howard Mead | VP Composite | Profile | |
| Mark Lawday | VP Europe | Profile | |
| Megan Glise | General Secretary | Profile | |
| Stephen Webster | Chief Officer | Profile | |
| Kevin Grant | Vice Development | Profile | |
| Graham Wardlow | Managing Technologies | Profile |
Already Invested in Luxfer Holdings PLC?
The danger of trading Luxfer Holdings PLC 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 Luxfer Holdings 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 Luxfer Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Luxfer Holdings PLC 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 Luxfer Holdings PLC is a strong investment it is important to analyze Luxfer Holdings' 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 Luxfer Holdings' future performance. For an informed investment choice regarding Luxfer Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luxfer Holdings PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Luxfer Holdings PLC information on this page should be used as a complementary analysis to other Luxfer Holdings' 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Luxfer Stock analysis
When running Luxfer Holdings' price analysis, check to measure Luxfer Holdings' 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 Luxfer Holdings is operating at the current time. Most of Luxfer Holdings' value examination focuses on studying past and present price action to predict the probability of Luxfer Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luxfer Holdings' price. Additionally, you may evaluate how the addition of Luxfer Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Luxfer Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luxfer Holdings. If investors know Luxfer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luxfer Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.184 | Dividend Share 0.52 | Earnings Share (0.02) | Revenue Per Share 14.628 | Quarterly Revenue Growth (0.12) |
The market value of Luxfer Holdings PLC is measured differently than its book value, which is the value of Luxfer that is recorded on the company's balance sheet. Investors also form their own opinion of Luxfer Holdings' value that differs from its market value or its book value, called intrinsic value, which is Luxfer Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luxfer Holdings' market value can be influenced by many factors that don't directly affect Luxfer Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luxfer Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luxfer Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luxfer Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.