LandBridge Company Correlations
| LB Stock | USD 77.05 0.00 0.00% |
The current 90-days correlation between LandBridge Company and Borr Drilling is 0.39 (i.e., Weak diversification). The correlation of LandBridge Company 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.
LandBridge Company Correlation With Market
Weak diversification
The correlation between LandBridge Company LLC and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LandBridge Company LLC and DJI in the same portfolio, assuming nothing else is changed.
LandBridge |
Moving against LandBridge Stock
| 0.6 | UE | Urban Edge Properties | PairCorr |
| 0.58 | BFS | Saul Centers | PairCorr |
| 0.55 | AKR | Acadia Realty Trust | PairCorr |
| 0.5 | BRX | Brixmor Property | PairCorr |
| 0.48 | CMCT | Creative Media Community Earnings Call Tomorrow | PairCorr |
| 0.47 | DEI | Douglas Emmett | PairCorr |
| 0.45 | KRG | Kite Realty Group | PairCorr |
| 0.42 | IVT | Inventrust Properties | PairCorr |
| 0.36 | CIO | City Office | PairCorr |
| 0.31 | HR | Healthcare Realty Trust | PairCorr |
| 0.64 | KW | Kennedy Wilson Holdings | PairCorr |
| 0.59 | OZ | Belpointe PREP LLC | PairCorr |
| 0.47 | ESBA | Empire State Realty | PairCorr |
| 0.37 | ADC-PA | Agree Realty | PairCorr |
Related Correlations Analysis
| 0.0 | 0.89 | 0.41 | 0.1 | 0.27 | -0.59 | BORR | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CBEEF | ||
| 0.89 | 0.0 | 0.51 | 0.16 | 0.05 | -0.71 | NE | ||
| 0.41 | 0.0 | 0.51 | 0.51 | 0.04 | -0.24 | MJDLF | ||
| 0.1 | 0.0 | 0.16 | 0.51 | 0.25 | 0.23 | VINP | ||
| 0.27 | 0.0 | 0.05 | 0.04 | 0.25 | 0.02 | AWLCF | ||
| -0.59 | 0.0 | -0.71 | -0.24 | 0.23 | 0.02 | GFL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between LandBridge Stock performing well and LandBridge Company 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 LandBridge Company'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BORR | 2.72 | (0.62) | 0.00 | (0.90) | 0.00 | 4.84 | 13.75 | |||
| CBEEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NE | 1.86 | (0.24) | 0.00 | (0.27) | 0.00 | 3.30 | 13.82 | |||
| MJDLF | 1.78 | (0.09) | 0.00 | (0.18) | 0.00 | 3.91 | 15.42 | |||
| VINP | 1.33 | 0.03 | 0.00 | (0.04) | 0.00 | 2.66 | 5.72 | |||
| AWLCF | 0.17 | (0.10) | 0.00 | 4.05 | 0.00 | 0.00 | 5.73 | |||
| GFL | 1.16 | 0.13 | 0.12 | 0.21 | 1.28 | 2.97 | 7.38 |