Lee Enterprises Correlations

Stocks . USA . 
Stock . Lee Enterprises Incorporated
LEE Stock  USD 10.04  0.24  2.33%   
The current 90-days correlation between Lee Enterprises and New York Times is 0.07 (i.e., Significant diversification). The correlation of Lee Enterprises 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.

Lee Enterprises Correlation With Market

Modest diversification

The correlation between Lee Enterprises Incorporated and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lee Enterprises Incorporated and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lee Enterprises Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Lee Stock

  0.67WIMI WiMi Hologram CloudPairCorr
  0.76ADV Advantage SolutionsPairCorr
  0.63DIS Walt DisneyPairCorr
  0.9EEX Emerald ExpositionsPairCorr
  0.8EVC Entravision CommunicationsPairCorr
  0.89LVO LiveOnePairCorr
  0.74MCS MarcusPairCorr
  0.76WPP WPP PLC ADRPairCorr
  0.81QNST QuinStreetPairCorr
  0.84RSVR Reservoir MediaPairCorr
  0.89CABO Cable OnePairCorr

Moving against Lee Stock

  0.79SE SeaPairCorr
  0.67WMG Warner Music GroupPairCorr
  0.66FOX Fox Corp ClassPairCorr
  0.63BATRA Atlanta Braves Holdings,PairCorr
  0.55PSO Pearson PLC ADRPairCorr
  0.45LILAK Liberty Latin AmericaPairCorr
  0.89T ATT Inc Aggressive PushPairCorr
  0.89VZ Verizon CommunicationsPairCorr
  0.85TU Telus CorpPairCorr
  0.79KT KT CorporationPairCorr
  0.78BZ Kanzhun Ltd ADRPairCorr
  0.76LBRDK Liberty Broadband SrsPairCorr
  0.75LBRDA Liberty Broadband SrsPairCorr
  0.67WB Weibo CorpPairCorr
  0.55ABTS Abits GroupPairCorr
  0.53CURIW CuriosityStreamPairCorr
  0.52CHTR Charter CommunicationsPairCorr
  0.5IQ iQIYI IncPairCorr
  0.37RDIB Reading International Earnings Call TodayPairCorr
  0.32TV Grupo Televisa SABPairCorr

Related Correlations Analysis

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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   
GCI
+ 0.66
NYT
WLYB
+ 0.55
NYT
WLYB
+ 0.41
WLY
GCI
+ 0.39
WLYB
WLY
+ 0.23
NYT
WLYB
+ 0.19
SCHL
  
High negative correlations   
WLY
- 0.61
PSO
WLYB
- 0.52
PSO
PSO
- 0.51
NYT
GCI
- 0.29
PSO
GCI
- 0.22
WLY

Risk-Adjusted Indicators

There is a big difference between Lee Stock performing well and Lee Enterprises 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 Lee Enterprises' 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.

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