Lyxor Japan Correlations

LYJPN Etf

JPY 25,240 520.00 2.10%

The current 90-days correlation between Lyxor Japan UCITS and iShares Core MSCI is 0.37 (i.e., Weak diversification). The correlation of Lyxor Japan 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lyxor Japan Correlation With Market

Weak diversification

The correlation between Lyxor Japan UCITS and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor Japan UCITS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lyxor Etf

0.81	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.86	VUSA	Vanguard SP 500	Pair Corr
0.98	CSNKY	iShares VII PLC	Pair Corr
0.83	MSE	Lyxor UCITS Stoxx	Pair Corr
0.61	EEIA	WisdomTree Europe Equity	Pair Corr
0.84	VOLT	WisdomTree Battery	Pair Corr
0.81	SX7EEX	iShares EURO STOXX	Pair Corr

Moving against Lyxor Etf

0.56	IEMB	iShares JP Morgan	Pair Corr
0.47	LYSSL	Lyxor SMI Daily	Pair Corr
0.4	HIDR	HSBC MSCI Indonesia	Pair Corr
0.33	AXRP	21Shares Ripple XRP	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.09	0.71	-0.24	0.35	0.13	0.32	0.13	-0.24	-0.05	META
MSFT	0.09		0.3	0.77	-0.47	-0.74	0.04	-0.35	0.83	-0.49	MSFT
UBER	0.71	0.3		0.19	0.18	0.02	0.34	0.3	0.12	-0.05	UBER
F	-0.24	0.77	0.19		-0.45	-0.63	0.03	-0.02	0.75	-0.23	F
T	0.35	-0.47	0.18	-0.45		0.55	0.19	0.39	-0.58	0.11	T
A	0.13	-0.74	0.02	-0.63	0.55		0.22	0.51	-0.68	0.51	A
CRM	0.32	0.04	0.34	0.03	0.19	0.22		0.61	-0.22	0.53	CRM
JPM	0.13	-0.35	0.3	-0.02	0.39	0.51	0.61		-0.4	0.57	JPM
MRK	-0.24	0.83	0.12	0.75	-0.58	-0.68	-0.22	-0.4		-0.46	MRK
XOM	-0.05	-0.49	-0.05	-0.23	0.11	0.51	0.53	0.57	-0.46		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MRK	+ 0.83	MSFT
F	+ 0.77	MSFT
MRK	+ 0.75	F
UBER	+ 0.71	META
JPM	+ 0.61	CRM
XOM	+ 0.57	JPM

High negative correlations

A	- 0.74	MSFT
MRK	- 0.68	A
A	- 0.63	F
MRK	- 0.58	T
XOM	- 0.49	MSFT
T	- 0.47	MSFT

Lyxor Japan Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor Japan ETF 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 Lyxor Japan'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
META	1.59	0.07	0.02	0.20	2.06	(1.58)	3.93	(3.21)	11.55
MSFT	1.00	(0.13)	0.00	(0.04)	0.00	0.00	1.83	(2.45)	5.77
UBER	1.78	0.00	0.00	0.11	2.10	(2.16)	5.29	(3.33)	13.81
F	1.70	(0.23)	0.00	(0.04)	0.00	0.00	3.21	(3.24)	22.50
T	0.96	0.31	0.15	(8.71)	0.97	(1.09)	2.53	(2.20)	7.97
A	1.07	0.00	0.00	0.12	1.29	(1.05)	2.69	(2.08)	6.98
CRM	1.34	0.08	0.07	0.18	1.30	(1.48)	3.78	(2.21)	7.90
JPM	1.11	(0.01)	0.01	0.10	1.67	(1.01)	2.05	(2.38)	7.98
MRK	1.10	(0.11)	0.00	4.80	0.00	0.00	2.01	(2.09)	13.12
XOM	1.07	0.04	0.00	0.17	1.29	(1.10)	2.10	(2.09)	6.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lyxor Japan 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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