Lakeland Industries Correlations

LAKE Stock

USD 18.76 0.24 1.26%

The current 90-days correlation between Lakeland Industries and Superior Uniform Group is 0.01 (i.e., Significant diversification). The correlation of Lakeland Industries 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lakeland Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade Lakeland Stock refer to our How to Trade Lakeland Stock guide.

Moving together with Lakeland Stock

0.77	VNCE	Vince Holding Corp	Pair Corr
0.64	RH	RH Earnings Call This Week	Pair Corr
0.71	EWCZ	European Wax Center	Pair Corr
0.68	DDS	Dillards	Pair Corr
0.64	DKS	Dicks Sporting Goods	Pair Corr

Moving against Lakeland Stock

0.52	JD	JD Inc Adr	Pair Corr
0.54	YUM	Yum Brands	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.41	PDD	PDD Holdings	Pair Corr
0.39	NATH	Nathans Famous	Pair Corr
0.37	PZZA	Papa Johns International	Pair Corr

Related Correlations Analysis

	VNCE	OXM	GIL	COLM	KTB	SGC	JRSH	GIII	JXJT	DLA
VNCE		0.6	-0.1	0.11	0.57	0.82	-0.51	0.47	0.0	0.0	VNCE
OXM	0.6		-0.02	0.4	0.91	0.53	-0.64	0.88	0.0	0.0	OXM
GIL	-0.1	-0.02		0.52	0.16	0.28	0.48	-0.23	0.0	0.0	GIL
COLM	0.11	0.4	0.52		0.47	0.28	-0.06	0.38	0.0	0.0	COLM
KTB	0.57	0.91	0.16	0.47		0.56	-0.48	0.84	0.0	0.0	KTB
SGC	0.82	0.53	0.28	0.28	0.56		-0.2	0.32	0.0	0.0	SGC
JRSH	-0.51	-0.64	0.48	-0.06	-0.48	-0.2		-0.7	0.0	0.0	JRSH
GIII	0.47	0.88	-0.23	0.38	0.84	0.32	-0.7		0.0	0.0	GIII
JXJT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JXJT
DLA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DLA
	VNCE	OXM	GIL	COLM	KTB	SGC	JRSH	GIII	JXJT	DLA

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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

KTB	+ 0.91	OXM
GIII	+ 0.88	OXM
GIII	+ 0.84	KTB
SGC	+ 0.82	VNCE
OXM	+ 0.6	VNCE
KTB	+ 0.57	VNCE

High negative correlations

GIII	- 0.7	JRSH
JRSH	- 0.64	OXM
JRSH	- 0.51	VNCE
JRSH	- 0.48	KTB
GIII	- 0.23	GIL
JRSH	- 0.2	SGC

Risk-Adjusted Indicators

There is a big difference between Lakeland Stock performing well and Lakeland Industries 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 Lakeland Industries' 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
VNCE	8.25	1.39	0.18	1.54	7.12	(11.73)	13.67	(13.24)	93.72
OXM	1.89	(0.37)	0.00	(0.53)	0.00	0.00	4.12	(3.94)	15.93
GIL	1.14	(0.07)	0.00	(0.16)	0.00	0.00	2.54	(2.56)	8.64
COLM	1.40	(0.18)	0.00	(0.50)	0.00	0.00	2.41	(3.37)	10.58
KTB	1.90	(0.40)	0.00	(0.48)	0.00	0.00	3.75	(3.96)	17.80
SGC	1.77	(0.66)	0.00	1.44	0.00	0.00	2.27	(3.67)	17.90
JRSH	1.03	0.09	0.09	1.05	1.35	(1.19)	1.69	(2.16)	11.86
GIII	1.64	(0.41)	0.00	(0.54)	0.00	0.00	2.91	(3.92)	8.36
JXJT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Lakeland Industries Corporate Management

Charles Roberson	VP of International Sales	Profile
Cameron Stokes	Chief Industrials	Profile
Barry Phillips	Chief Officer	Profile
Steven Harvey	Ex Marketing	Profile
Joshua Sletten	Vice Development	Profile

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