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LOY- LGLTF the Hedge

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pointofreturn   Monday, 02/24/14 01:55:00 PM
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LOY- LGLTF the Hedge

We call it a Consumer Defensive stock, but what exactly is the correlation between LOY- LGLTF and the market?

Here is my analysis paired with the analysis by Thomson Reuters:
On days when the market is up, LOY- LGLTF shares typically decrease. On days when the market is down, the shares tend to decline less than the S&P/TSX COMPOSITE index.

In the short term, LOY-LGLTF has shown low correlation with the S&P/TSX COMPOSITE index. The stock has, however, shown an inverse correlation with the market in the long term.

LOY has historically posted 10.7%, 0.3%, and 27.4% in February, March, and April. The industry average posted 1%, 0.6%, and 10%, respectively.

In the past year, the TSX venture decreased in value by 14.2% while LOY went up 25.5%.

This month, the venture gained 3% while LOY decreased by 4.2%.

I see LOY_ LGLTF as a good investment and a good hedge against the market because many economists see an imminent market correction as early as April and LOY will inevitably gain in value in April. It will not only exceed the dollar fundamentally (new acquisitions), but a bullish continuation diamond formed on Feb. 18th, which predicts $1.03-1.11 as a technical bullish price target range.

If there is a market correction in April, May, whenever, LOY-LGLTF is an opportunity and an alternative to gold, silver, and the money market.

My opinion is based on work performed by Thomson Reuters.

From Britishcim

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