Lifecore Biomedical Correlations

LFCR Stock

7.50 0.06 0.81%

The current 90-days correlation between Lifecore Biomedical and Alimera Sciences is -0.07 (i.e., Good diversification). The correlation of Lifecore Biomedical 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.

Lifecore Biomedical Correlation With Market

Average diversification

The correlation between Lifecore Biomedical and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifecore Biomedical 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 Lifecore Biomedical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Lifecore Stock, please use our How to Invest in Lifecore Biomedical guide.

Moving together with Lifecore Stock

0.84	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.76	NAMS	NewAmsterdam Pharma	Pair Corr
0.85	AGIO	Agios Pharm	Pair Corr
0.86	SGMO	Sangamo Therapeutics Buyout Trend	Pair Corr
0.86	AVTE	Aerovate Therapeutics	Pair Corr
0.83	CRVS	Corvus Pharmaceuticals	Pair Corr
0.88	VREX	Varex Imaging Corp	Pair Corr

Moving against Lifecore Stock

0.92	PEPG	PepGen	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.77	NKTX	Nkarta Inc Buyout Trend	Pair Corr
0.75	MREO	Mereo BioPharma Group	Pair Corr
0.65	PDSB	PDS Biotechnology Corp	Pair Corr
0.6	FDMT	4D Molecular Therapeutics	Pair Corr
0.46	IVVD	Invivyd	Pair Corr
0.4	PIRS	Pieris Pharmaceuticals	Pair Corr
0.37	RGNX	Regenxbio	Pair Corr
0.87	COLL	Collegium Pharmaceutical	Pair Corr
0.76	ADAP	Adaptimmune Therapeutics	Pair Corr
0.69	BDTX	Black Diamond Therap	Pair Corr
0.62	ANEB	Anebulo Pharmaceuticals	Pair Corr
0.62	APTO	Aptose Biosciences	Pair Corr
0.47	TCBPW	TC BioPharm plc	Pair Corr
0.44	SYBX	Synlogic	Pair Corr
0.42	AFMD	Affimed NV	Pair Corr
0.36	BCYC	Bicycle Therapeutics	Pair Corr
0.35	STOK	Stoke Therapeutics	Pair Corr

Related Correlations Analysis

	MNK	LSDI	ALIM	ADMP	SHPH	CTLT	TLRY	KMDA	CPIX	IRWD
MNK		0.81	-0.64	0.84	0.68	0.28	0.58	-0.29	0.67	0.51	MNK
LSDI	0.81		-0.61	0.98	0.7	0.19	0.5	-0.19	0.55	0.45	LSDI
ALIM	-0.64	-0.61		-0.65	-0.68	-0.19	-0.17	-0.13	-0.48	-0.54	ALIM
ADMP	0.84	0.98	-0.65		0.72	0.17	0.54	-0.17	0.57	0.49	ADMP
SHPH	0.68	0.7	-0.68	0.72		-0.02	0.66	-0.14	0.5	0.63	SHPH
CTLT	0.28	0.19	-0.19	0.17	-0.02		0.17	-0.47	0.44	0.05	CTLT
TLRY	0.58	0.5	-0.17	0.54	0.66	0.17		-0.6	0.59	0.42	TLRY
KMDA	-0.29	-0.19	-0.13	-0.17	-0.14	-0.47	-0.6		-0.48	0.04	KMDA
CPIX	0.67	0.55	-0.48	0.57	0.5	0.44	0.59	-0.48		0.58	CPIX
IRWD	0.51	0.45	-0.54	0.49	0.63	0.05	0.42	0.04	0.58		IRWD
	MNK	LSDI	ALIM	ADMP	SHPH	CTLT	TLRY	KMDA	CPIX	IRWD

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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

ADMP	+ 0.98	LSDI
ADMP	+ 0.84	MNK
LSDI	+ 0.81	MNK
SHPH	+ 0.72	ADMP
SHPH	+ 0.7	LSDI
SHPH	+ 0.68	MNK

High negative correlations

SHPH	- 0.68	ALIM
ADMP	- 0.65	ALIM
ALIM	- 0.64	MNK
ALIM	- 0.61	LSDI
KMDA	- 0.6	TLRY
IRWD	- 0.54	ALIM

Risk-Adjusted Indicators

There is a big difference between Lifecore Stock performing well and Lifecore Biomedical 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 Lifecore Biomedical'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
MNK	16.59	1.52	0.10	2.49	13.99	(33.75)	12.50	(30.95)	504.19
LSDI	298.43	150.99	3.23	67.34	27.98	(972.40)	550.00	(81.82)	3,998
ALIM	2.74	1.06	0.64	0.68	0.37	(4.03)	3.28	(0.72)	82.36
ADMP	4.75	(1.64)	0.00	1.55	0.00	0.00	8.72	(11.60)	40.76
SHPH	5.23	(1.06)	0.00	3.49	0.00	0.00	10.08	(11.66)	50.96
CTLT	0.45	0.03	(0.19)	2.03	0.39	(0.52)	1.12	(0.69)	3.36
TLRY	2.25	(0.29)	0.00	0.86	0.00	0.00	5.00	(4.23)	21.22
KMDA	1.22	0.04	(0.05)	(0.28)	1.60	(1.38)	3.04	(2.82)	7.43
CPIX	2.17	(0.01)	(0.03)	0.09	2.38	(3.03)	4.65	(4.69)	10.64
IRWD	3.41	(0.63)	0.00	(0.15)	0.00	0.00	6.62	(7.54)	20.41

Lifecore Biomedical Corporate Management

Darren Hieber	Senior Partnerships	Profile
Matt Augustson	Senior Technology	Profile
Aaron Perlitsh	Director Officer	Profile
Kara Morley	Senior Resources	Profile
Brikkelle Thompson	Senior Resources	Profile

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