Lakeland Financial Correlations

LKFN Stock

USD 60.19 0.61 1.00%

The current 90-days correlation between Lakeland Financial and Home Bancorp is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lakeland Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lakeland Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lakeland Financial Correlation With Market

Weak diversification

The correlation between Lakeland Financial and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lakeland Financial 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 Lakeland Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Lakeland Stock, please use our How to Invest in Lakeland Financial guide.

Moving together with Lakeland Stock

0.94	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.81	PB	Prosperity Bancshares	Pair Corr
0.91	RF	Regions Financial	Pair Corr
0.92	VBNK	VersaBank	Pair Corr
0.91	VBTX	Veritex Holdings	Pair Corr
0.94	EGBN	Eagle Bancorp	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.61	WASH	Washington Trust Bancorp	Pair Corr
0.87	EQBK	Equity Bancshares,	Pair Corr
0.73	WAFDP	Washington Federal	Pair Corr
0.7	TFINP	Triumph Financial	Pair Corr
0.92	EVBN	Evans Bancorp	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Lakeland Stock

0.84	VBFC	Village Bank	Pair Corr
0.81	DB	Deutsche Bank AG	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.49	EBMT	Eagle Bancorp Montana	Pair Corr
0.31	ECBK	ECB Bancorp	Pair Corr
0.53	KEY-PI	KeyCorp	Pair Corr
0.53	WSBCP	WesBanco	Pair Corr
0.48	BANC-PF	Banc of California	Pair Corr
0.42	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	HBCP	HFWA	FNWB	HTBI	LSBK	HTBK	GABC	MBWM	FNWD
HBCP		0.81	0.69	-0.78	0.23	0.59	0.68	0.9	-0.4	HBCP
HFWA	0.81		0.47	-0.51	0.01	0.43	0.79	0.8	-0.2	HFWA
FNWB	0.69	0.47		-0.66	0.4	0.62	0.3	0.69	-0.59	FNWB
HTBI	-0.78	-0.51	-0.66		-0.18	-0.29	-0.25	-0.74	0.62	HTBI
LSBK	0.23	0.01	0.4	-0.18		0.71	-0.16	0.34	-0.3	LSBK
HTBK	0.59	0.43	0.62	-0.29	0.71		0.38	0.7	-0.29	HTBK
GABC	0.68	0.79	0.3	-0.25	-0.16	0.38		0.6	0.19	GABC
MBWM	0.9	0.8	0.69	-0.74	0.34	0.7	0.6		-0.42	MBWM
FNWD	-0.4	-0.2	-0.59	0.62	-0.3	-0.29	0.19	-0.42		FNWD
	HBCP	HFWA	FNWB	HTBI	LSBK	HTBK	GABC	MBWM	FNWD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MBWM	+ 0.9	HBCP
HFWA	+ 0.81	HBCP
MBWM	+ 0.8	HFWA
GABC	+ 0.79	HFWA
HTBK	+ 0.71	LSBK
MBWM	+ 0.7	HTBK

High negative correlations

HTBI	- 0.78	HBCP
MBWM	- 0.74	HTBI
HTBI	- 0.66	FNWB
FNWD	- 0.59	FNWB
HTBI	- 0.51	HFWA
FNWD	- 0.42	MBWM

Risk-Adjusted Indicators

There is a big difference between Lakeland Stock performing well and Lakeland Financial 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 Financial'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
HBCP	1.36	(0.07)	0.00	(0.13)	0.00	0.00	2.82	(3.25)	8.36
HFWA	1.20	(0.07)	0.00	(0.15)	0.00	0.00	2.33	(3.27)	8.15
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
HTBI	1.24	(0.03)	0.00	(5.96)	0.00	0.00	2.33	(1.88)	7.22
LSBK	1.63	0.33	0.16	0.63	1.61	(2.29)	3.62	(3.16)	21.68
HTBK	1.11	(0.05)	0.00	(0.12)	0.00	0.00	2.22	(2.81)	7.95
GABC	1.06	(0.17)	0.00	(0.30)	0.00	0.00	2.41	(2.42)	6.95
MBWM	1.43	(0.06)	0.00	(0.11)	0.00	0.00	2.96	(3.56)	10.79
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51

Lakeland Financial Corporate Management

Kristin Pruitt	Executive VP, Secretary and Executive VP of Lake City Bank	Profile
Donald RobinsonGay	Senior Officer	Profile
Jennifer Hurford	Senior Treasurer	Profile
Stephanie Leniski	Executive Officer	Profile
JD CTFA	Senior Officer	Profile
Michael Gavin	Executive Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC